Common use of Permitted Transactions Clause in Contracts

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, providedPROVIDED, howeverHOWEVER, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from the broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effectedeffected and shall have no liability, subject to the provisions of Section 14, for following an Instruction in connection with a transaction not provided for above.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loansloans or repurchase agreements, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For In the case of covered call options, the issuance of a depository pledge receipt or similar notice of custody or for release of Securities to designated brokers under such covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) In connection with the establishment of a segregated account in accordance with Section 11 hereof. (o) Upon the termination of this Agreement as set forth in Section 2120 hereof. (op) For the purpose of paying distributions to shareholders of the capital stock of the Customer. (q) In connection with transactions under master repurchase agreements and master accounts and the delivery of inital and variation margin for futures contracts. (r) For other proper purposespurposes as may be specified in Instructions. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected; provided that if the Custodian has actual knowledge that the transaction is for an improper purpose, it shall notify the Customer.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (iI) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 and only for 18 in connection with, but not limited to, the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payablepayable under this Agreement. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's ’s transfer agent or sub-transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's ’s transfer agent or sub-transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's ’s investment advisor adviser or sub-adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities DealersFinancial Industry Regulatory Authority, Inc., relating to compliance with the rules of The Options Clearing Corporation, the U.S. Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2124. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Except as otherwise provided herein, Customer agrees and Custodian agree that it transactions will cause transactions to be made effected pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among Customer, on behalf of the CustomerPortfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 14 and only for the purposes listed belowbelow or any other purpose specified or implied by Section 3. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Fund, the PortfolioFund's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customera Fund. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes19. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 13 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustmentreadjustment in cases where Section 2(c) requires that an Instruction be given. (dc) Upon conversion of Securities pursuant to their terms into other securities. (ed) Upon exercise of subscription, purchase or other similar rights represented by Securities. (fe) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (gf) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (hg) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (ih) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (ji) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (kj) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., or a futures commission merchant, relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or U.S. commodities exchange or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (lk) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (ml) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (nm) Upon the termination of this Agreement as set forth in Section 2117. (on) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-broker- dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. . (n) Upon the termination of this Agreement as set forth in Section 21. . (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected. 15.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Future Trading Commission or and of any registered national securities exchange, or of any similar organization or on or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the PortfolioCustomer's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only ----------------------- upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 and only for 18 in connection with, but not limited to, the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payablepayable under this Agreement. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's ’s investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2124. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 19 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the PortfolioCustomer's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2125. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 19 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2125. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, however that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer Trust agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below.: (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions.; (b) When Securities are called, redeemed or retired, or otherwise become payable.; (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment.; (d) Upon conversion of Securities pursuant to their terms into other securities.; (e) Upon exercise of subscription, purchase or other similar rights represented by Securities.; (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses.; (g) In connection with any borrowings by the Customer Trust requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral.; (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer.Trust; (i) For the purpose of redeeming shares of the capital stock of the Customer Trust against delivery of the shares to be redeemed to the CustodianForum, a Subcustodian or the CustomerTrust's transfer agent.; (j) For the purpose of redeeming in kind shares of the Customer Trust against delivery of the shares to be redeemed to the CustodianForum, a Subcustodian or the CustomerTrust's transfer agent.; (k) For delivery in accordance with the provisions of any agreement among the CustomerTrust, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer.Trust; (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian Forum of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian Forum will receive the Securities previously deposited from broker. The Custodian Forum will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.; (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions.; (n) Upon the termination of this Agreement as set forth in Section 21.; and (o) For other proper purposespurposes as may be directed in writing by two or more officers of the Trust. The Customer Trust agrees that the Custodian Forum and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer Trust agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer Trust requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the CustomerTrust. (i) For the purpose of redeeming shares of the capital stock of the Customer Trust against delivery of the shares to be redeemed to the CustodianForum, a Subcustodian or the CustomerTrust's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer Trust against delivery of the shares to be redeemed to the CustodianForum, a Subcustodian or the CustomerTrust's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the CustomerTrust, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the CustomerTrust. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian Forum of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian Forum will receive the Securities previously deposited from broker. The Custodian Forum will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer Trust agrees that the Custodian Forum and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 and only for 18 in connection with, but not limited to, the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payablepayable under this Agreement. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2124. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance Section 15 14 and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateralborrowed. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Fund, the Portfolio's investment advisor Custodian and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2120. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to this Agreement only upon Instructions in accordance with Section 15 (but subject to Section 3) and only for the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payable. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Fund, the PortfolioFund's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 21. (o) For other proper purposes. The Customer agrees that the Custodian and any Subcustodian shall have no obligation to verify the purpose for which a transaction is being effected.

Permitted Transactions. The Customer agrees that it will cause transactions to be made pursuant to ----------------------- this Agreement only upon Instructions in accordance with Section 15 and only for 18 in connection with, but not limited to, the purposes listed below. (a) In connection with the purchase or sale of Securities at prices as confirmed by Instructions. (b) When Securities are called, redeemed or retired, or otherwise become payablepayable under this Agreement. (c) In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment. (d) Upon conversion of Securities pursuant to their terms into other securities. (e) Upon exercise of subscription, purchase or other similar rights represented by Securities. (f) For the payment of interest, taxes, management or supervisory fees, distributions or operating expenses. (g) In connection with any borrowings by the Customer requiring a pledge of Securities, but only against receipt of amounts borrowed or in order to satisfy requirements for additional or substitute collateral. (h) In connection with any loans, but only against receipt of collateral as specified in Instructions which shall reflect any restrictions applicable to the Customer. (i) For the purpose of redeeming shares of the capital stock of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (j) For the purpose of redeeming in kind shares of the Customer against delivery of the shares to be redeemed to the Custodian, a Subcustodian or the Customer's transfer agent. (k) For delivery in accordance with the provisions of any agreement among the Customer, on behalf of a Portfolio, the Portfolio's investment advisor adviser and a broker-dealer registered under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc., relating to compliance with the rules of The Options Clearing Corporation, the Commodities Futures Trading Commission or of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Customer. (l) For release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Custodian of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Custodian will receive the Securities previously deposited from broker. The Custodian will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return. (m) For spot or forward foreign exchange transactions to facilitate security trading or receipt of income from Securities related transactions. (n) Upon the termination of this Agreement as set forth in Section 2124. (o) For other proper purposes. The Customer agrees that the Custodian shall have no obligation to verify the purpose for which a transaction is being effected.