Common use of ACCEPT, DELIVER AND EXCHANGE SECURITIES Clause in Contracts

ACCEPT, DELIVER AND EXCHANGE SECURITIES. Upon receipt of and pursuant to an Authorization Letter, oral notice (hereinafter "Notice,") from the Fund (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instructions, the Custodian shall accept and deliver Financial Assets for the Fund. From time to time, pursuant to a Letter, Notice, such Notice to be followed by the Fund's written confirmation thereof; or Electronic Instructions, the Custodian shall exercise or dispose of subscriptions, rights and warrants of any Financial Assets held in the Custody Account or to be received by the Custodian for deposit to the Custody Account. In respect of a Notice, in the event that the written confirmation has not been received prior to the time requested action must take place, the Custodian may rely upon the Notice provided that, the Custodian has been able to orally confirm such instruction with such other persons as the Fund shall designate from time to time in writing to the Custodian as authorized to make such confirmations. Except as otherwise advised in a Letter, Notice, or by Electronic Instructions, in delivering Financial Assets, the Custodian shall do so only against payment, or upon the receipt of other Financial Assets.

ACCEPT, DELIVER AND EXCHANGE SECURITIES. Upon receipt of and pursuant to an Authorization Letter, oral notice (hereinafter "Notice,") from the Fund (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instructions, the Custodian shall accept and deliver Financial Assets for the Fund. From time to time, pursuant to a Letter, Notice, such Notice to be followed by the Fund's written confirmation thereof; , or Electronic Instructions, the Custodian shall exercise or dispose of subscriptions, rights and warrants of any Financial Assets held in the Custody Account or to be received by the Custodian for deposit to the Custody Account. In respect of a Notice, in the event that the written confirmation has not been received prior to the time requested action must take place, the Custodian may rely upon the Notice provided that, the Custodian has been able to orally confirm such instruction with such other persons as the Fund shall designate from time to time in writing to the Custodian as authorized to make such confirmations. Except as otherwise advised in a Letter, Notice, or by Electronic Instructions, in delivering Financial Assets, the Custodian shall do so only against payment, or upon the receipt of other Financial AssetsAssets .

ACCEPT, DELIVER AND EXCHANGE SECURITIES. Upon receipt of and pursuant to an Authorization Letter, oral notice (hereinafter "Notice,") from the Fund (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instructions, the Custodian shall accept and deliver Financial Assets for the Fund. From time to time, pursuant to a Letter, Notice, such Notice to be followed by the Fund's written confirmation thereof; , or Electronic Instructions, the Custodian shall exercise or dispose of subscriptions, rights and warrants of any Financial Assets held in the Custody Account or to be received by the Custodian for deposit to the Custody Account. In respect of a Notice, in the event that the written confirmation has not been received prior to the time requested action must take place, the Custodian may rely upon the Notice provided that, the Custodian has been able to orally confirm such instruction with such other persons as the Fund shall designate from time to time in writing to the Custodian as authorized to make such confirmations. Except as otherwise advised in a Letter, Notice, or by Electronic Instructions, in delivering Financial Assets, the Custodian shall do so only against payment, or upon the receipt of other Financial Assets.

ACCEPT, DELIVER AND EXCHANGE SECURITIES. Upon receipt of and pursuant to an Authorization Letter, oral notice (hereinafter "“Notice,"”) from the Fund (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instructions, the Custodian shall accept and deliver Financial Assets for the Fund. From time to time, pursuant to a Letter, Notice, such Notice to be followed by the Fund's ’s written confirmation thereof; , or Electronic Instructions, the Custodian shall exercise or dispose of subscriptions, rights and warrants of any Financial Assets held in the Custody Account or to be received by the Custodian for deposit to the Custody Account. In respect of a Notice, in the event that the written confirmation has not been received prior to the time requested action must take place, the Custodian may rely upon the Notice provided that, the Custodian has been able to orally confirm such instruction with such other persons as the Fund shall designate from time to time in writing to the Custodian as authorized to make such confirmations. Except as otherwise advised in a Letter, Notice, or by Electronic Instructions, in delivering Financial Assets, the Custodian shall do so only against payment, or upon the receipt of other Financial AssetsAssets .

ACCEPT, DELIVER AND EXCHANGE SECURITIES. Upon receipt of and pursuant to an Authorization Letter, oral notice (hereinafter "Notice,") from the Fund Trust (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instructions, the Custodian shall accept and deliver Financial Assets for the each Fund. From time to time, pursuant to a Letter, Notice, such Notice to be followed by the FundTrust's written confirmation thereof; or Electronic Instructions, the Custodian shall exercise or dispose of subscriptions, rights and warrants of any Financial Assets held in the Custody Account Accounts or to be received by the Custodian for deposit to the Custody AccountAccounts. In respect of a Notice, in the event that the written confirmation has not been received prior to the time requested action must take place, the Custodian may rely upon the Notice provided that, the Custodian has been able to orally confirm such instruction with such other persons as the Fund Trust shall designate from time to time in writing to the Custodian as authorized to make such confirmations. Except as otherwise advised in a Letter, Notice, or by Electronic Instructions, in delivering Financial Assets, the Custodian shall do so only against payment, or upon the receipt of other Financial Assets.