Common use of Lending of Securities Clause in Contracts

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's ’s account, the Fund shall deliver or cause to be delivered to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the a description of and total amount of collateral to be delivered to Wachovia for the account of the Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount collateral for the account of the Fund designated as to be delivered against the loan of Securities. Wachovia may accept payment for the account of the Fund in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of as directed by the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the a description of and total amount of collateral to be delivered to Wachovia for the account of the Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount collateral for the account of the Fund designated as to be delivered against the loan of Securities. Wachovia may accept payment for the account of the Fund in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of as directed by the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.

Lending of Securities. a. Promptly after the a Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's ’s account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's ’s check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.