Common use of Powers Exercisable Only on Prior Agreement with the Manager Clause in Contracts

Powers Exercisable Only on Prior Agreement with the Manager. The Trustee may pursuant to a separate written agreement between the Manager and the Agent Lender, participate in a securities lending program (which shall qualify as a “securities lending arrangement” as defined in the Tax Act) sponsored and administered by the Agent Lender (collectively, the “Program”) and, in connection therewith, the Trustee is authorized to release and deliver securities and return collateral received for loaned securities in accordance with the provisions of the Program. With respect to the Xxxxxxxx, Xxxxx & North Canadian Money Market Fund, Xxxxxxxx, Xxxxx & North Balanced Pension Trust, Xxxxxxxx, Xxxxx & North $U.S. Money Market Fund, Xxxxxxxx, Xxxxx & North Balanced Fund, Xxxxxxxx, Xxxxx & North Institutional S.T.I.F., Xxxxxxxx, Xxxxx & North High Yield Bond Fund, Xxxxxxxx, Xxxxx & North High Grade Corporate Bond Fund, Xxxxxxxx, Xxxxx & North Investment Grade Corporate Bond Trust, Xxxxxxxx, Xxxxx & North Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Long Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Long Investment Grade Corporate Bond Trust, Xxxxxxxx, Xxxxx & North Currency-Hedged U.S. Equity Fund, Xxxxxxxx, Xxxxx & North Currency-Hedged Overseas Equity Fund and Xxxxxxxx, Xxxxx & North PRisM Balanced Fund, the Manager shall not implement a Program for a Fund until after the Manager has provided all unitholders of the Fund six months prior written notice of its intention to implement a Program. The requirement to provide notice to unitholders does not apply in respect of a Fund that discloses its intention to participate in a Program from the Fund’s inception.

Powers Exercisable Only on Prior Agreement with the Manager. The Trustee may pursuant to a separate written agreement between the Manager and the Agent LenderXxxxxx, participate in a securities lending program (which shall qualify as a “securities lending arrangement” as defined in the Tax Act) sponsored and administered by the Agent Lender (collectively, the “Program”) and, in connection therewith, the Trustee is authorized to release and deliver securities and return collateral received for loaned securities in accordance with the provisions of the Program. With respect to the Xxxxxxxx, Xxxxx & North Canadian Money Market Fund, Xxxxxxxx, Xxxxx & North Balanced Pension Trust, Xxxxxxxx, Xxxxx & North $U.S. Money Market Fund, Xxxxxxxx, Xxxxx & North Balanced Fund, Xxxxxxxx, Xxxxx & North Institutional S.T.I.F., Xxxxxxxx, Xxxxx & North High Yield Bond Fund, Xxxxxxxx, Xxxxx & North High Grade Corporate Bond Fund, Xxxxxxxx, Xxxxx & North Investment Grade Corporate Bond Trust, Xxxxxxxx, Xxxxx & North Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Long Mortgage Pension Trust, Xxxxxxxx, Xxxxx & North Long Investment Grade Corporate Bond Trust, Xxxxxxxx, Xxxxx & North Currency-Hedged U.S. Equity Fund, Xxxxxxxx, Xxxxx & North Currency-Hedged Overseas Equity Fund and Xxxxxxxx, Xxxxx & North PRisM Balanced Fund, the Manager shall not implement a Program for a Fund until after the Manager has provided all unitholders of the Fund six months prior written notice of its intention to implement a Program. The requirement to provide notice to unitholders does not apply in respect of a Fund that discloses its intention to participate in a Program from the Fund’s inception.