Common use of Collateral Requirements Clause in Contracts

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “Positions”) shall be the greatest of: (a) the aggregate product of (x) the Collateral Percentage applicable to such Positions and (y) the Current Market Value of such respective Positions; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210, as amended from time to time; or (d) 50% of the Portfolio Gross Market Value.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements Agreement or any Contract (the “Positions”) shall be the greatest of: (a) the aggregate product of (xi) the Collateral Percentage applicable to such Positions and (yii) the Current Market Value of such respective Positions; (b) to the extent applicable, the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, U of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) to the extent applicable, the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210Regulation X of the Board of Governors of the Federal Reserve System, as amended from time to time; or (d) 5040% of the Portfolio Gross Market Value.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “Positions”) consisting of Eligible Securities shall be the greatest of: (a) the aggregate product sum of (x) the Collateral Percentage applicable to such Position Charges of all Positions and (y) the Current Market Value consisting of such respective PositionsEligible Securities; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Authority, Inc. Rule 4210, as amended from time to time; or, to the extent applicable; (d) 5040% of the Portfolio Gross Market Value; and (e) the Issuer Concentration Floor.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “Positions”) consisting of Eligible Securities shall be the greatest of: (a) the aggregate product sum of (x) the Collateral Percentage applicable to such Position Charges of all Positions and (y) the Current Market Value consisting of such respective PositionsEligible Securities; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Authority, Inc. Rule 4210, as amended from time to time; or, to the extent applicable; (d) 5035% of the Portfolio Gross Market Value; and (e) the Issuer Concentration Floor.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements Agreement or any Contract (the “Positions”) shall be the greatest of: (a) the aggregate product of (xi) the Collateral Percentage applicable to such Positions and (yii) the Current Market Value of such respective Positions; (b) to the extent applicable, the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) to the extent applicable, the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210431, as amended from time to time; (d) to the extent applicable, the sum of the collateral requirements of such Positions as per Regulation X of the Board of Governors of the Federal Reserve System, as amended from time to time; or (de) 5040% of the Portfolio Gross Market Value.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “Positions”) shall be the greatest of: (a) the aggregate product of (x) the Collateral Percentage applicable to such Positions and (y) the Current Market Value of such respective Positions; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210, as amended from time to time, to the extent applicable; or (d) 50% of the Portfolio Gross Market Value.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements Agreement (the “Positions”) shall be the greatest of: (a) the aggregate product of (xi) the Collateral Percentage applicable to such Positions and (yii) the Current Market Value of such respective Positions; (b) to the extent applicable, the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, U of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) to the extent applicable, the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210Regulation X of the Board of Governors of the Federal Reserve System, as amended from time to time; or (d) 50% of the Portfolio Gross Market Value.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “"Positions”") consisting of Eligible Securities shall be the greatest of: (a) the aggregate product sum of (x) the Collateral Percentage applicable to such Position Charges of all Positions and (y) the Current Market Value consisting of such respective PositionsEligible Securities; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Authority, Inc. Rule 4210, as amended from time to time; or, to the extent applicable; (d) 5035% of the Portfolio Gross Market Value; and (e) the Issuer Concentration Floor.

Collateral Requirements. The Collateral Requirements in relation to all positions held in the accounts established pursuant to the 40 Act Financing Agreements (the “Positions”) consisting of Eligible Securities shall be the greatest of: (a) the aggregate product sum of (x) the Collateral Percentage applicable to such Position Charges of all Positions and (y) the Current Market Value consisting of such respective PositionsEligible Securities; (b) the sum of the collateral requirements of such Positions as per Regulation T or Regulation X, as applicable, of the Board of Governors of the Federal Reserve System, as amended from time to time; (c) the sum of the collateral requirements of such Positions as per Financial Industry Regulatory Authority Rule 4210, as amended from time to time; or, to the extent applicable; (d) 5035% of the Portfolio Gross Market Value; and (e) the Issuer Concentration Floor.