Common use of Collection of Income and Other Payments Clause in Contracts

Collection of Income and Other Payments. (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income to each Portfolio’s custodian account; (B) endorse and deposit for collection, in the name of the applicable Portfolio, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio’s securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect for the Account of each Portfolio the amount payable upon all securities held for the Portfolio which may mature or be called, redeemed, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of the aforementioned income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Collection of Income and Other Payments. (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income income, as collected, to each Portfolio’s 's custodian account; (B) endorse and deposit for collection, in the name of the applicable PortfolioFund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all domestic securities received as a distribution on the Portfolio’s 's domestic securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar domestic securities issued with respect to any domestic securities belonging to a Portfolio and held by PFPC Trust PNC Bank hereunder; (D) present for payment and collect for the Account of each Portfolio the amount payable upon all securities held for the Portfolio hereunder which may mature or be called, redeemed, retired or retired, or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of the aforementioned such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Collection of Income and Other Payments. (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the PropertyProperty of the Portfolio, and, in addition, promptly advise each the Portfolio of such receipt and credit such income to each the Portfolio’s 's custodian account; (B) endorse and deposit for collection, in the name of the applicable Portfolio, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio’s 's securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a the Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect for the Account of each Portfolio the amount payable upon all securities held for the Portfolio which may mature or may on a mandatory basis be called, redeemed, retired or retired, or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of the aforementioned such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Collection of Income and Other Payments. (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income income, as collected, to each Portfolio’s 's custodian account; (B) endorse and deposit for collection, in the name of the applicable PortfolioFund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio’s 's securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect for the Account of each Portfolio the amount payable upon all securities held for the Portfolio which may mature or be be, on a mandatory basis, called, redeemed, retired or retired, or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be reasonably necessary and proper in connection with the collection and receipt of the aforementioned such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instrumentsinstruments as described in sub-section (m) of this Section.