Common use of Collections and Defaults Clause in Contracts

Collections and Defaults. The Bank will use all reasonable efforts to ------------------------ collect any funds that may to its knowledge become collectible arising from Portfolio Securities, including dividends, interest and other income, and to transmit to the Company, on behalf of a Fund, notice actually received by the Bank of any call for redemption, offer of exchange, right of subscription, reorganization or other proceedings affecting such Portfolio Securities. If Portfolio Securities upon which such income is payable are in default or payment is refused after due demand or presentation, the Bank will notify the Company, on behalf of a Fund, in writing of any default or refusal to pay within two business days from the day on which it receives knowledge of such default or refusal. In addition, the Bank will send the Company a written report once each month showing any income on any Portfolio Security held by Bank on behalf of a Fund that is more than ten days overdue on the date of such report.

Collections and Defaults. The Bank will use all reasonable efforts to ------------------------ collect any funds that may to its knowledge become collectible arising from Portfolio Securities, including dividends, interest and other income, and to transmit to the CompanyTrust, on behalf of a FundMaster Portfolio, notice actually received by the Bank of any call for redemption, offer of exchange, right of subscription, reorganization or other proceedings affecting such Portfolio Securities. If Portfolio Securities upon which such income is payable are in default or payment is refused after due demand or presentation, the Bank will notify the CompanyTrust, on behalf of a FundMaster Portfolio, in writing of any default or refusal to pay within two business days from the day on which it receives knowledge of such default or refusal. In addition, the Bank will send the Company Trust a written report once each month showing any income on any Portfolio Security held by Bank on behalf of a Fund Master Portfolio that is more than ten days overdue on the date of such report.

Collections and Defaults. The Bank will use all reasonable efforts to ------------------------ collect any funds that may to its knowledge become collectible arising from Portfolio Securities, including dividends, interest and other income, and to transmit to the Company, on behalf of a the Fund, notice actually received by the Bank of any call for redemption, offer of exchange, right of subscription, reorganization or other proceedings affecting such Portfolio Securities. If Portfolio Securities upon which such income is payable are in default or payment is refused after due demand or presentation, the Bank will notify the Company, on behalf of a the Fund, in writing of any default or refusal to pay within two business days from the day on which it receives knowledge of such default or refusal. In addition, the Bank will send the Company a written report once each month showing any income on any Portfolio Security held by Bank on behalf of a the Fund that is more than ten days overdue on the date of such report.