Common use of Borrow Money or Utilize Leverage Clause in Contracts

Borrow Money or Utilize Leverage. The Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as security the assets of the Trust or any Series thereof, including the lending of portfolio securities, and to endorse, guarantee, or undertake the performance of any obligation, contract or engagement of any other person, firm, association or corporation; provided, however, that the assets of any particular Series shall not be used as security for any credit extended solely to one or more other Series.

Borrow Money or Utilize Leverage. The Subject to the Fundamental Policies in effect from time to time, the Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust any Series to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as security the assets of the Trust or any Series thereofsuch Series, including the lending of portfolio securities, and to endorse, guarantee, or undertake the performance of any obligation, contract or engagement of any other person, firm, association or corporationPerson; provided, however, that the assets of any particular Series shall not be used as security for any credit extended solely or partially to one or more other Series.

Borrow Money or Utilize Leverage. The Subject to the Fundamental --------------------------------- Policies in effect from time to time, the Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust any Series to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as security the assets of the Trust or any Series thereofsuch Series, including the lending of portfolio securities, and to endorse, guarantee, or undertake the performance perfor mance of any obligation, contract cxxxxxct or engagement of any other person, firm, association or corporationPerson; provided, however, that the assets of any particular Series shall not be used as security for any credit extended solely or partially to one or more other Series.

Borrow Money or Utilize Leverage. The Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as a security the assets of the Trust or any Series thereof, including the lending of portfolio securities, securities and to endorse, guarantee, or undertake the performance of any obligation, contract or engagement of any other person, firm, association or corporation; provided, however, that the assets of any particular Series shall not be used as security for any credit extended solely to one or more other Series.

Borrow Money or Utilize Leverage. The Subject to the Fundamental Policies in effect from time to time, the Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust any Series to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as security the assets of the Trust or any Series thereofsuch Series, including the lending of portfolio securities, and to endorse, guarantee, or undertake the performance of any obligation, contract or engagement of any other person, firm, association or corporationPerson; provided, however, that the assets of any particular Series shall not be he used as security for any credit extended solely or partially to one or more other Series.

Borrow Money or Utilize Leverage. The Subject to the Fundamental Policies in effect from time to time, the Trustees shall have the power to borrow money or otherwise obtain credit or utilize leverage in connection with the activities of the Trust any Series to the maximum extent permitted by law, regulation or order and the Fundamental Policies of any Series and to secure the same by mortgaging, pledging or otherwise subjecting as security the assets of the Trust or any Series thereofsuch Series, including the lending of portfolio securities, and to endorse, guarantee, or undertake the performance of any obligation, contract or engagement of any other person, firm, association or corporationPerson; provided, however, that the assets of any particular Series shall not be used as security for any credit extended solely or partially to one or more other SeriesSeries and that no assets of any other Series shall be charged with any liability for such indebtedness.