Common use of Administrative Accounts Clause in Contracts

Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund on behalf of a Portfolio and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund or the Fund on behalf of one or more Portfolios shall be liable for the satisfaction of its own obligations in connection with each Account; provided however, the respective Portfolio shall not be liable for the obligations of any other affiliated Portfolio thereunder.

Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund Fund, on behalf of a Portfolio Portfolio. and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement Agreement, and the Fund or the Fund Fund, on behalf of one or more Portfolios Portfolios, shall be liable for the satisfaction of its own obligations in connection with each Account; provided however, the respective Portfolio shall not be liable for the obligations of any other affiliated Portfolio thereunder.

Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund Fund, on behalf of a Portfolio Portfolio, and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement Agreement, and the Fund or the Fund Fund, on behalf of one or more Portfolios Portfolios, shall be liable for the satisfaction of its own obligations in connection with each Account; provided however, the respective Portfolio shall not be liable for the obligations of any other affiliated Portfolio thereunder.