Common use of Investment Advisers Clause in Contracts

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to a Portfolio which are reasonably believed by Custodian to have been given or signed by one of the persons designated from time to time by the Trust with respect to any of the investment advisers of such Portfolio who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Trust may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 14.4 below and may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no such designation or removal of an Authorized Person shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any ------------------- Written or Oral Instructions given with respect to a Portfolio which are reasonably believed by Custodian to have been given or signed by one of the persons designated from time to time by the Trust with respect to any of the investment advisers of such Portfolio who are the Fund specified in Exhibit C B hereto (if any) as it may from time to time be revised. The Trust Fund may revise Exhibit C B hereto at any time by notice in writing to Custodian given in accordance with Section 14.4 below Article XV below, and each investment adviser specified in Exhibit B hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C B hereto (if any) and no such designation or removal of an Authorized Person by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to a Portfolio which are reasonably believed by Custodian to have been given or signed by one of the persons designated from time to time by the Trust with respect to any of the investment advisers of such Portfolio who are the Fund specified in Exhibit C B hereto (if any) as it may from time to time be revised. The Trust Fund may revise Exhibit C B hereto at any time by notice in writing to Custodian given in accordance with Section 14.4 below Article XV below, and each investment adviser specified in Exhibit B hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C B hereto (if any) and no such designation or removal of an Authorized Person by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to a Portfolio which are reasonably believed by Custodian to have been given or signed by one of the persons designated from time to time by the Trust with respect to any of the investment advisers of such Portfolio who are the Fund specified in Exhibit C B hereto (if any) as it may from time to time be revised. The Trust Fund may revise Exhibit C B hereto at any time by notice in writing to Custodian given in accordance with Section 14.4 below 12.4 below, and each investment adviser specified in Exhibit B hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C B hereto (if any) and no such designation or removal of an Authorized Person by such investment adviser shall be effective until Custodian actually receives such notice.