Common use of Futures Contracts Clause in Contracts

Futures Contracts. The Custodian shall, upon receipt of Proper Instructions, receive and retain confirmations and other documents, if any, evidencing the purchase or sale of a futures contract or an option on a futures contract by the Fund.

Futures Contracts. The Custodian shall, upon Upon receipt of Proper Instructions, or pursuant to the provisions of any futures margin procedural agreement among the Fund, on behalf of any Portfolio, the Custodian and any futures commission merchant (a "Procedural Agreement"), the Custodian shall: (a) receive and retain confirmations and other documentsconfirmations, if any, evidencing the purchase or sale of a futures contract or an option on a futures contract by the Fund.a Portfolio;