Common use of Borrowings; Financings; Issuance of Securities Clause in Contracts

Borrowings; Financings; Issuance of Securities. The Trustees have power, subject to the fundamental policies in effect from time to time with respect to the Trust, to borrow or in any other manner raise such sum or sums of money, or otherwise obtain credit or utilize leverage to the maximum extent permitted by law or regulation and to incur such other indebtedness for goods or services, or for or in connection with the purchase or other acquisition of property, as they shall deem advisable for the purposes of the Trust, in any manner and on any terms, and to evidence the same by negotiable or nonnegotiable Securities which may mature at any time or times, even beyond the possible date of termination of the Trust; to issue Securities of any type for such cash, property, services or other considerations, and at such time or times and upon such terms, as they may deem advisable; and to reacquire any such Securities. Any such Securities of the Trust may, at the discretion of the Trustees, have rights and powers senior or subordinated to the rights and powers of Shares or a Series or Class of Shares, be made convertible into Shares of any Series, or may evidence the right to purchase, subscribe for or otherwise acquire Shares of any Series, at such times and on such terms as the Trustees may prescribe.

Borrowings; Financings; Issuance of Securities. The Trustees have power, subject to the fundamental policies Fundamental Policies in effect from time to time with respect to the Trust, to borrow or in any other manner raise such sum or sums of money, or otherwise obtain credit or utilize leverage to the maximum extent permitted by law or regulation and to incur such other indebtedness for goods or services, or for or in connection with the purchase or other acquisition of property, as they the Trustees shall deem advisable appropriate for the purposes of the Trust, in any manner and on any terms, and to evidence the same by negotiable or nonnegotiable Securities or other instruments which may mature at any time or times, even beyond the possible date of termination of the Trust; to issue Securities or other instruments of any type for such cash, property, services or other considerations, and at such time or times and upon such terms, as they the Trustees may deem advisableappropriate; and to reacquire any such Securities. Any such Securities of the Trust or other instruments may, at the discretion of the Trustees, have rights and powers senior or subordinated to the rights and powers of Shares (or a Series any class or Class series of Shares), be made convertible into Shares of any Seriesclass or series, or may evidence the right to purchase, subscribe for or otherwise acquire Shares of any Seriesclass or series, at such times and on such terms as the Trustees may prescribe, subject in all cases to the requirements of the 1940 Act.