Common use of Common Stock and Long-Term Debt Securities Clause in Contracts

Common Stock and Long-Term Debt Securities. (a) The Advisor will communicate daily to the Trustee no later than 9:00 p.m. (Eastern Time) on the trade date all purchase and sale transactions for the Subaccount. Each daily report will indicate separately number of purchases and sales and total trades. On days when no trades are recommended the Advisor will issue a negative trade report. Such communication will include the following information for each trade: . Buy or sell . Trade date (if as of trade) . Settlement date . Name of broker or dealer or other party . Name of issue . CUSIP number/Cedel . Number of shares (or principal amount in local currency if debt security) . Price per share (or principal amount if debt security) in local currency . Price per share (or per $100 (or local equivalent) of debt security) in local currency . (For debt) Interest purchased or sold . Agreed upon commission per share (or per other unit of interest) . Total commission . Exchange on which transaction is executed (or transacted over the counter) . Net amount . Such other information as may be required by the Trustee . Clearing broker ("same" if same as trading broker) . SIC Code (b) For DTC eligible securities and when applicable, the Trustee shall confirm to DTC, as soon after trade date as possible, through an acknowledgement procedure acceptable to DTC and the Trustee, all trades which accurately reflect the trades entered into for the Subaccount as reported to the Trustee by the Advisor. (c) The Advisor will arrange for a copy of each confirmation to be sent to the Trustee or an affiliate as designated by the Trustee.

Common Stock and Long-Term Debt Securities. (a) The Advisor will communicate daily to the Trustee no later than 9:00 p.m. (Eastern Time) on the trade date all purchase and sale transactions for the Subaccount. Each daily report will indicate separately number of purchases and sales and total trades. On days when no trades are recommended the Advisor will issue a negative trade report. Such communication will include the following information for each trade: . Buy or sell . Trade date (if as of trade) . Settlement date . Name of broker or dealer or other party . Name of issue . CUSIP number/Cedel Sedol . Number of shares (or principal amount in local currency if debt security) . Price per share (or principal amount if debt security) in local currency . Price per share (or per $100 (or local equivalent) of debt security) in local currency . (For debt) Interest purchased or sold . Agreed upon commission per share (or per other unit of interest) . Total commission . o Exchange on which transaction is executed (or transacted over the counter) . Net amount . Such other information as may be required by the Trustee . Clearing broker ("same" if same as trading broker) . SIC Code (b) For DTC eligible securities and when applicable, the Trustee shall confirm to DTC, as soon after trade date as possible, through an acknowledgement procedure acceptable to DTC and the Trustee, all trades which accurately reflect the trades entered into for the Subaccount as reported to the Trustee by the Advisor. (c) The Advisor will arrange for a copy of each confirmation to be sent to the Trustee or an affiliate as designated by the Trustee.