Common use of Bank Accounts, and Management of Cash Clause in Contracts

Bank Accounts, and Management of Cash. (a) With prior written notice to a Fund, the Custodian shall open and maintain separate Initial Funding Bank Accounts and one or more separate Bank Accounts in the name of the Custodian for the benefit of a particular Fund or Subsidiary, to hold funds credited to the particular Custodial Account on behalf of a Fund. All funds shall be deposited by the Custodian in its capacity as a custodian and shall be withdrawable by the Custodian only in that capacity. The Custodian shall provide to a Fund or Subsidiary wire instructions for the transmittal of funds to an Initial Funding Bank Account. Monies credited to a Custodial Account shall be deposited in an Initial Funding Bank Account until either invested pursuant to Section 3.6(c) hereof or transferred at the direction of a Fund to the other Bank Accounts of that particular Fund to be used to purchase Assets. Such Bank Accounts shall be subject to draft or order only by the Custodian and shall contain only assets held by the Custodian as custodian for a particular Fund and its Subsidiaries, and the Custodian’s records shall indicate at all times that such cash is held for a particular Fund and its Subsidiaries. Any bank at which the Custodian opens and maintains such accounts shall be qualified to act as a custodian under the 1940 Act, and establishment of any such account shall constitute appointment of the bank as a Sub-custodian pursuant to Section 2.4 of this Agreement.

Bank Accounts, and Management of Cash. (a) With prior written notice to a the Fund, the Custodian shall open and maintain separate the Initial Funding Bank Accounts Account and one or more separate Bank Accounts in the name of the Custodian for the benefit of a particular the Fund or a Subsidiary, to hold funds credited to the particular Custodial Account on behalf of a the Fund. All funds shall be deposited by the Custodian in its capacity as a custodian and shall be withdrawable by the Custodian only in that capacity. The Custodian shall provide to a the Fund or a Subsidiary wire instructions for the transmittal of funds to an the Initial Funding Bank Account. Monies credited to a the Custodial Account shall be deposited in an the Initial Funding Bank Account until either invested pursuant to Section 3.6(c) hereof below or transferred at the direction of a the Fund to the other Bank Accounts of that particular Fund to be used to purchase Assets. Such Bank Accounts shall be subject to draft or order only by the Custodian and shall contain only assets held by the Custodian as custodian for a particular the Fund and its Subsidiaries, and the Custodian’s records shall indicate at all times that such cash is held for a particular the Fund and its Subsidiaries. Any bank at which the Custodian opens and maintains such accounts shall be qualified to act as a custodian under the 1940 Act, and establishment of any such account shall constitute appointment of the bank as a Sub-custodian pursuant to Section 2.4 of this Agreement.