Common use of Persons Having Access to Assets of the Portfolios Clause in Contracts

Persons Having Access to Assets of the Portfolios. (a) No Trustee, officer, employee or agent of a Fund shall have physical access to the assets of such Fund held by the Custodian or be authorized or permitted to withdraw any investments of such Fund, nor shall the Custodian deliver any assets of such Fund to any such person. No officer or director, employee or agent of the Custodian who holds any similar position with such Fund or the Fund’s Money Manager or investment adviser shall have access to the assets of such Fund. (b) Only officers and employees of the Custodian shall have access to the assets of a Fund. Such officers and employees shall be identified by certification signed by a duly authorized officer of the Custodian from time to time. The Custodian shall advise the applicable Fund of any change in the individuals authorized to have access to the assets of the Fund by written notice to the Fund. (c) Nothing in this Section 2.20 shall prohibit any officer, employee or agent of a Fund, or any officer, director, employee or agent of the Fund’s Money Manager or investment adviser, from giving oral instructions or written instructions to the Custodian or executing a Certificate so long as it does not result in delivery of or access to assets of such Fund prohibited by paragraph (a) of this Section 2.20.

Persons Having Access to Assets of the Portfolios. (a) No Trustee, officer, employee or agent of a the Fund shall have physical access to the assets of such the Fund held by the Custodian or be authorized or permitted to withdraw any investments of such the Fund, nor shall the Custodian deliver any assets of such the Fund to any such person. No officer or director, employee or agent of the Custodian who holds any similar position with such the Fund or the Fund’s Money Manager or investment adviser Adviser shall have access to the assets of such the Fund. (b) Only officers and employees of the Custodian shall have access to the assets of a the Fund. Such officers and employees shall be identified by certification signed by a duly authorized officer of the Custodian from time to time. The Custodian shall advise the applicable Fund of any change in the individuals individual authorized to have access to the assets of the Fund by written notice to the Fund. (c) Nothing in this Section 2.20 2.22 shall prohibit any officer, employee or agent of a the Fund, or any officer, director, employee or agent of the Fund’s Money Manager or investment adviserAdviser, from giving oral instructions or written instructions to the Custodian or executing a Certificate so long as it does not result in delivery of or access to assets of such the Fund prohibited by paragraph (a) of this Section 2.202.22.