Common use of Advances by Bank Clause in Contracts

Advances by Bank. The Bank may, in its sole discretion, advance ---------------- funds on behalf of a Master Portfolio to make any payment permitted by this Agreement upon receipt of any proper authorization required by this Agreement for such payments. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of a Master Portfolio's account with the Bank, or for any other reason) this Agreement deems any such overdraft or related indebtedness, a loan made by the Bank to the Master Portfolio payable on demand and bearing interest at the current rate charged by the Bank for such loans unless the Master Portfolio shall provide the Bank with agreed upon compensating balances. The Trust agrees that the Bank shall have a continuing lien and security interest to the extent of any overdraft or indebtedness, in and to any property at any time held by it for a Master Portfolio's benefit or in which the Master Portfolio has an interest and which is then in the Bank's possession or control (or in the possession or control of any third party acting on the Bank's behalf). The Trust authorizes the Bank, in its sole discretion, at any time to charge any overdraft or indebtedness, together with interest due thereon against any balance of account standing to the credit of a Master Portfolio on the Bank's books.

Advances by Bank. The Bank may, in its sole discretion, advance ---------------- funds ----------------- on behalf of a Master Portfolio the Fund to make any payment permitted by this Agreement upon receipt of any proper authorization Proper Instructions required by this Agreement for such paymentspayments by the Fund. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of a Master Portfoliothe Fund's account with the Bank, or for any other reason) this Agreement deems any such overdraft or related indebtedness, a loan made by the Bank to the Master Portfolio Fund payable on demand and bearing interest at the current rate charged by the Bank for such loans unless the Master Portfolio Fund shall provide the Bank with agreed upon compensating balances. The Trust Fund agrees that the Bank shall have a continuing lien and security interest to the extent of any overdraft or indebtedness, in and to any property at any time held by it for a Master Portfoliothe Fund's benefit or in which the Master Portfolio Fund has an interest and which is then in the Bank's possession or control (or in the possession or control of any third party acting on the Bank's behalf). The Trust Fund authorizes the Bank, in its sole discretion, at any time to charge any overdraft or indebtedness, together with interest due thereon against any balance of account standing to the credit of a Master Portfolio the Fund on the Bank's books.