Common use of Procedures for Order and Settlement Clause in Contracts

Procedures for Order and Settlement. (a) MFD shall, subject to availability, furnish the Company, for each Portfolio, by 6:30 p.m. Eastern Time, the following: (1) net asset value information as of the close of trading (currently 4:00 p.m. Eastern Time, the "Close of Trading") on each Business Day or at such other time as the net asset value of a Portfolio is calculated; and (2) as applicable, the daily accrual or distribution rate factor as it becomes available. Net asset value information will be communicated via email and or fax. Daily accrual or distribution rate factor information will be communicated via email and or fax.