Common use of Accounts and Disbursements Clause in Contracts

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the Series, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bSub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for in the name of each Fund with respect to each Series and shall credit to the such separate account accounts all monies monies, Assets and other property received by it for the account of the each Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the Series, as provided in Section 5 hereofapplicable Fund; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the applicable Fund, as provided in Section 8 hereof; 5. Pursuant to Written Instructions received by a Certificate Senior Authorized Person setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub-section 2(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, reasonably and in good faith, believes to be received from Senior Authorized Persons; or 6. In payment of fees and in reimbursement of the reasonable expenses and liabilities of the Custodian attributable to the applicable Fund, as provided in Sections 3 Article III, Section 9(I) and 11(i)Article V, Section 1.

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the each Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. Pursuant to Written Instructions, for the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes, management, accounting, transfer agent and legal fees and operating expenses of the Fund whether or not such expenses are, in whole or in part, to be capitalized or treated as deferred expenses; 3. In payment of dividends or distributions with respect to the SharesShares of the Fund, as provided in Section 7 hereof; 34. In payment of original issue or other taxes with respect to the SharesShares of the Fund, as provided in Section 8 hereof; 45. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 56. Pursuant to a Certificate Written Instructions, setting forth the name and address of the Fund and the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or; 67. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 Section 3(a) and 11(i)Section 11(h) hereof; or 8. To a sub-custodian pursuant to Section 11(f) hereof.

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bSub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 11(h) and 11(i11(j).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the each Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. Pursuant to Written Instructions, for the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes, management, accounting, transfer agent and legal fees and operating expenses of the Fund whether or not such expenses are, in whole or in part, to be capitalized or treated as deferred expenses; 3. In payment of dividends or distributions with respect to the SharesShares of the Fund, as provided in Section 7 hereof; 34. In payment of original issue or other taxes with respect to the SharesShares of the Fund, as provided in Section 8 hereof; 45. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 56. Pursuant to a Certificate Written Instructions, setting forth the name and address of the Fund and the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or; 67. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 Section 3(a) and 11(i)Section I I (h) hereof; or 8. To a sub-custodian pursuant to Section 11 (f) hereof.

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the each Fund with respect to each Series (each, a “Separate Account”) and shall credit to the separate account Separate Account all monies moneys in any On-Book Currency received by the Custodian into a Separate Account (whether by way of deposit or arising out of or in connection with a security transaction (“Cash”) received by it or a Sub-Custodian for the account of the such Fund with respect to such Series and shall disburse, or cause a Sub-Custodian to disburse (including instructing cash movements to or from any Off-Book Cash Accounts), the same only: 1. In payment for Securities purchased for the Seriesrelevant Fund, as provided in Section 5 7 hereof; 2. In payment of dividends or distributions with respect to the SharesShares of such Fund, as provided in Section 7 12 hereof; 3. In payment of original issue or other taxes with respect to the SharesShares of such Fund, as provided in Section 8 13(c) hereof; 4. In payment for Shares which have been redeemed by the such Fund, as provided in Section 8 13 hereof; 5. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Funds, as provided in Sections 5 and 17(h) hereof; 6. Pursuant to a Certificate Instructions setting forth the name of the relevant Fund and the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant p ursuant to this paragraph 5 of Section 4(bSub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the each Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. Pursuant to Written Instructions, for the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes, management, accounting, transfer agent and legal fees and operating expenses of the Fund whether or not such expenses are, in whole or in part, to be capitalized or treated as deferred expenses; 3. In payment of dividends or distributions with respect to the SharesShares of the Fund, as provided in Section 7 hereof; 34. In payment of original origina issue or other taxes with respect to the SharesShares of the Fund, as provided in Section 8 hereof; 45. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 56. Pursuant to a Certificate Written Instructions, setting forth the name and address of the Fund and the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or; 67. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 Section 3(a) and 11(i)Section 11(h) hereof; or 8. To a sub-custodian pursuant to Section 11(f) hereof.

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the each Fund with respect to each Series and shall credit to the separate account for such Fund all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the Seriessuch Fund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the SharesShares of such Fund, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the SharesShares of such Fund, as provided in Section 8 hereof; 4. In payment for Shares of such Fund which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub- section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series Separate Account and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series Separate Account and shall disburse the same only: 1. In payment for Securities purchased for the SeriesSeparate Account, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the SharesUnits, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the SharesUnits, as provided in Section 8 hereof; 4. In payment for Shares Units which have been redeemed by the FundSeparate Account, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub-section 4(b)(5), the Fund Separate Account shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses e x penses and liabilities of the Custodian attributable to the FundSeparate Account, as provided in Sections 3 and 11(i).

Accounts and Disbursements. The Custodian shall establish and -------------------------- maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, reasonably in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and Section 11(i).

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account of the Fund all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. (i) In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. (ii) For the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes, management, accounting, transfer agent and legal fees and operating expenses of the Fund whether or not such expenses are, in whole or in part, to be capitalized or treated as deferred expenses; (iii) For payment of the amount of dividends received in respect of Securities sold short; (iv) In payment of dividends or distributions with respect to the SharesShares of the Funds, as provided in Section 7 hereof; 3. (v) In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereofShares of the Funds; 4. (vi) In payment for Shares which have been redeemed repurchased by the FundFunds, as provided in Section 8 hereofthe open market or otherwise; 5. (vii) Pursuant to a Certificate Written Instructions or, with respect to Money Market Securities, Oral Instructions or Written Instructions, setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or 6. (viii) In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the FundFunds, as provided in Sections 3 Section 3(a) and 11(i)Section 10(h) hereof.

Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the such Fund with respect to such Series and shall disburse the same only: 1. In payment for Securities purchased for the SeriesFund, as provided in Section 5 hereof; 2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof; 3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof; 4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof; 5. Pursuant to a Certificate Written Instructions setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(bsub-section 4(b)(5), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such CertificateWritten Instructions which it, in good faith, believes to be received from duly Authorized Persons; or 6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 11(h) and 11(i11(j).