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

Persons Having Access to Assets of the Portfolios. (a) No Director, officer, employee or agent of the Fund, and no officer, director, employee or agent of the Fund's investment adviser, shall have physical access to the assets of the Fund held by the Custodian or be authorized or permitted to withdraw any investments of the Fund, nor shall the Custodian deliver any assets of the Fund to any such person. No officer, director, employee or agent of the Custodian who holds any similar position with the Fund or the Fund's investment adviser shall have access to the assets of the Fund. (b) The individuals employed by the Custodian duly authorized by the Board of Directors of the Custodian to have access to the assets of the Fund are listed in the certification annexed hereto as Appendix A. The Custodian shall advise the Fund of any change in the individuals authorized to have access to the assets of the Fund by written notice to the Fund accompanied by a certified copy of the authorizing resolution of the Custodian's Board of Directors approving such change. (c) Nothing in this Section 9 shall prohibit any officer, employee or agent of the Fund, or any officer, employee or agent of the Fund's 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 the Fund prohibited by paragraph (a) of this Section 9.

Persons Having Access to Assets of the Portfolios. (a) No DirectorTrustee, officer, employee or agent of the FundTrust, and no officer, director, employee or agent of the Fund's investment adviser, shall have physical access to the assets of the Fund Trust held by the Custodian or be authorized or permitted to withdraw any investments of the FundTrust, nor shall the Custodian deliver any assets of the Fund Trust to any such person. No officer, director, employee or agent of the Custodian who holds any similar position with the Fund Trust or the Fund's investment adviser shall have access to the assets of the FundTrust. (b) The individuals employed by individual employees of the Custodian duly authorized by the Board of Directors of the Custodian to have access to the assets of the Fund Trust are listed in the certification annexed hereto as Appendix A. C. The Custodian shall advise the Fund Trust of any change in the individuals authorized to have access to the assets of the Fund Trust by written notice to the Fund Trust accompanied by a certified copy of the authorizing resolution of the Custodian's Board of Directors approving such change. (c) Nothing in this Section 9 10 shall prohibit any officer, employee or agent of the FundTrust, or any officer, director, employee or agent of the Fund's 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 the Fund Trust prohibited by paragraph (a) of this Section 910.

Persons Having Access to Assets of the Portfolios. (a) No DirectorTrustee, officer, employee or agent of the FundTrust, and no officer, director, employee or agent of the Fund's investment adviser, shall have physical access to the assets of the Fund Trust held by the Custodian or be authorized or permitted to withdraw any investments of the FundTrust, nor shall the Custodian deliver any assets of the Fund Trust to any such person. No officer, director, employee or agent of the Custodian who holds any similar position with the Fund Trust or the Fund's investment adviser shall have access to the assets of the FundTrust. (b) The individuals employed by individual employees of the Custodian duly authorized by the Board of Directors of the Custodian to have access to the assets of the Fund Trust are listed in the certification annexed hereto as Appendix A. C. The Custodian shall advise the Fund Trust of any change in the individuals authorized to have access to the assets of the Fund Trust by written notice to the Fund Trust accompanied by a certified copy of the authorizing resolution of the Custodian's =s Board of Directors approving such change. (c) Nothing in this Section 9 10 shall prohibit any officer, employee or agent of the FundTrust, or any officer, director, employee or agent of the Fund's 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 the Fund Trust prohibited by paragraph (a) of this Section 910.

Persons Having Access to Assets of the Portfolios. (a) No Director, officer, employee or agent of the Fund, and no officer, director, employee or agent of the Fund's investment adviserAdviser, shall have physical access to the assets of the Fund held by the Custodian or be authorized or permitted to withdraw any investments of the Fund, nor shall the Custodian deliver any assets of the Fund to any such person. No officer, director, employee or agent of the Custodian who holds any similar position with the Fund or the Fund's investment adviser Adviser shall have access to the assets of the Fund. (b) The individuals employed by individual employees of the Custodian duly authorized by the Board of Directors of the Custodian to have access to the assets of the Fund are listed in the certification annexed hereto as Appendix A. C. The Custodian shall advise the Fund of any change in the individuals authorized to have access to the assets of the Fund by written notice to the Fund accompanied by a certified copy of the authorizing resolution of the Custodian's Board of Directors approving such change. (c) Nothing in this Section 9 10 shall prohibit any officer, employee or agent of the Fund, or any officer, director, employee or agent of the Fund's 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 the Fund prohibited by paragraph (a) of this Section 910.