Common use of Withdrawal of Assets Clause in Contracts

Withdrawal of Assets. (a) Any securities and evidence of -------------------- indebtedness included in the Assets may be withdrawn from Agent in accordance with Owner's Instructions; provided; however that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent shall be made only to (i) a bank or trust company or its nominee, (ii) a broker or its nominee, (iii) the DTC or its nominee, (iv) the PTC, or its nominee, (v) The Federal Reserve, or (vi) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or entity other than as set forth above, such instructions shall be in writing by the Owner or otherwise be authorized pursuant to a resolution duly adopted by the Owner and provided to agent in accordance with paragraph 14(c) below.

Withdrawal of Assets. (a) Any securities and evidence of -------------------- indebtedness included in the Assets may be withdrawn from Agent Bank in accordance with OwnerFund's Instructions; provided; however that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent Bank shall be made only to (i) a bank or trust company or its nominee, (ii) a broker or its nominee, (iii) the DTC or its nominee, (iv) the PTC, or its nominee, (v) The Federal Reserve, or (vi) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or entity other than as set forth above, such instructions Instructions shall be in writing by the Owner Fund or otherwise be authorized pursuant to a resolution duly adopted by the Owner Fund and provided to agent in accordance with paragraph 14(c) below. 4 (b) Upon receipt of such Instructions and subject to the terms and conditions thereof, Bank shall deliver the items specified therein to the person or entity designated and shall obtain a proper receipt therefor.

Withdrawal of Assets. (a) Any securities and evidence of -------------------- indebtedness included in the Assets may be withdrawn from Agent in accordance with Owner's Instructions; provided; however that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent shall be made only to (i) a bank or trust company or its nominee, (ii) a broker or its nominee, (iii) the DTC or its nominee, (iv) the PTC, or its nominee, (v) The Federal Reserve, or (vi) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or entity other than as set forth above, such instructions Instructions shall be in writing by the Owner or otherwise be authorized pursuant to a resolution duly adopted by the Owner and provided to agent in accordance with paragraph 14(c) below.

Withdrawal of Assets. (a) Any securities and evidence of -------------------- indebtedness included in the Assets may be withdrawn from Agent in accordance with Owner's Instructions; provided; however that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent shall be made only to (i) a bank or trust company or its nominee, (ii) a broker or its nominee, (iii) the DTC or its nominee, (iv) the PTC, or its nominee, (v) The Federal Reserve, or (vi) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or on entity other than as set forth above, such instructions Instructions shall be in writing by the Owner or otherwise be authorized pursuant to a resolution duly adopted by the Owner and provided to agent in accordance with paragraph 14(c) below.