Common use of Futures Contracts Clause in Contracts

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the Subcustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property designated by the Custodian or a Fund as initial, maintenance or variation "margin" deposits intended to secure the Fund's performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian shall not be responsible for the sufficiency of property held in any

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the SubcustodianCustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a the Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property assets designated by the Custodian or a Fund as initial, maintenance or variation "margin" deposits intended to secure the Fund's performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property assets into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian Custodian shall not be responsible for the sufficiency of property assets held in anyany segregated account established in compliance with applicable margin maintenance requirements or the performance of the other terms of any agreement relating to a futures contract or an option thereon.

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the SubcustodianCustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property assets designated by the Custodian or a Fund as initial, maintenance or variation "margin" deposits intended to secure the Fund's performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property assets into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian Custodian shall not be responsible for the sufficiency of property assets held in anyany segregated account established in compliance with applicable margin maintenance requirements or the performance of the other terms of any agreement relating to a futures contract or an option thereon.

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the SubcustodianCustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a the Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property assets designated by the Custodian or a Fund as initialintitial, maintenance or variation "margin" deposits intended to secure the Fund's performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property assets into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian Custodian shall not be responsible for the sufficiency of property assets held in anyany segregated account established in compliance with applicable margin maintenance requirements or the performance of the other terms of any agreement relating to a futures contract or an option thereon.

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the SubcustodianCustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property assets designated by the Custodian or a Fund as initial, maintenance or variation "“margin" ” deposits intended to secure the Fund's ’s performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property assets into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian Custodian shall not be responsible for the sufficiency of property assets held in anyany segregated account established in compliance with applicable margin maintenance requirements or the performance of the other terms of any agreement relating to a futures contract or an option thereon.

Futures Contracts. Upon receipt of proper instructions or upon receipt of instructions given pursuant to any agreement relating to a futures contract or an option thereon or as otherwise provided in any such agreement, to (i) receive and retain, to the extent provided to the SubcustodianCustodian, confirmations or other documents evidencing the purchase or sale of a futures contract or an option on a futures contract by a the Fund; (ii) deposit and maintain in a segregated account, either physically or by book-entry in a Securities System or Foreign Depository, Depository for the benefit of any futures commission merchant, or pay to such futures commission merchant, securities, cash or other property assets designated by the Custodian or a Fund as initial, maintenance or variation "margin" deposits intended to secure the Fund's performance of its obligations under any futures contract purchased or sold or any option on a futures contract written, purchased or sold by the Fund, in accordance with the provisions of any agreement relating thereto or the rules of the Commodity Futures Trading Commission and/or any contract market or any similar organization on which such contract or option is traded; and (iii) pay, release and/or transfer securities, cash or other property assets into or out of such margin accounts only in accordance with any such agreement or rules. The Subcustodian Custodian shall not be responsible for the sufficiency of property assets held in anyany segregated account established in compliance with applicable margin maintenance requirements or the performance of the other terms of any agreement relating to a futures contract or an option thereon.