Common use of Delivery of Collateral or Fund Deposit Clause in Contracts

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Trust, in the Trust’s sole discretion, may permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Trust from time to time) for the benefit of a Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral of 115% of the market value of said Deposit Securities to be posted, in the sole discretion of the Trust. The Series at any time may use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the Trust, including all Cash Amounts, in connection with any Creation Orders. The Participant understands and agrees that, in the event collateral or the Fund Deposit are not fully transferred to the Trust by the time specified, a Creation Order may be cancelled by the Trust and the Participant shall be solely responsible for any and all expenses and costs incurred by the applicable Series, Distributor, and the Index Receipt Agent related to the cancelled Creation Order. Orders processed through the NSCC via CNS are not eligible for cash collateralization.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the TrustTrust may, in the Trust’s its sole discretion, may permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Trust from time to time) for the benefit of a Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral of 115% of the market value of said such Deposit Securities to be posted, in the sole discretion of the Trust. The Series may at any time may use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the Trust, including all Cash Amounts, in connection with any Creation Orders. The Participant understands and agrees that, that in the event collateral or the Fund Deposit are not fully transferred to the Trust by the time specified, a Creation Order may be cancelled by the Trust and the Participant shall will be solely responsible for any and all expenses and costs incurred by the applicable Series, Distributor, and or the Index Receipt Agent related to the cancelled Creation Order. Orders processed through the NSCC via CNS are not eligible for cash collateralization.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the TrustTrust may, in the Trust’s its sole discretion, may permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Trust from time to time) for the benefit of a Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral of 115% of the market value of said such Deposit Securities to be posted, in the sole discretion of the Trust. The Series may at any time may use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the Trust, including all Cash Amounts, in connection with any Creation Orders. The Participant understands and agrees that, that in the event collateral or the Fund Deposit are not fully transferred to the Trust by the time specified, a Creation Order may be cancelled by the Trust and the Participant shall will be solely responsible for any and all expenses and costs incurred by the applicable Series, Distributor, Distributor and the Index Receipt Agent related to the cancelled Creation Order. Orders processed through the NSCC via CNS are not eligible for cash collateralization.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Trust, in the Trust’s sole discretion, may permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Trust from time to time) for the benefit of a Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral of 115% of the market value of said Deposit Securities to be posted, in the sole discretion of the Trust. The Series at any time may use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the Trust, including all Cash Amounts, in connection with any Creation Orders. The Participant understands and agrees that, in the event collateral or the Fund Deposit are not fully transferred to the Trust by the time specified, a Creation Order may be cancelled by the Trust and the Participant shall be solely responsible for any and all expenses and costs incurred by the applicable Series, Distributor, and the Index Receipt Transfer Agent related to the cancelled Creation Order. Orders processed through the NSCC via CNS are not eligible for cash collateralization.