Common use of Proxies and Other Materials Clause in Contracts

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a Portfolio. Whenever Custodian or any of its agents receives a proxy with respect to securities in the Custody Account of a Portfolio, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a Portfolio. Whenever Custodian or any of its agents receives a proxy with respect to securities in the Custody Account of a Portfolio, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a PortfolioAccount. Whenever Custodian or any of its agents receives a proxy with respect to securities in credited to the Custody Account of a PortfolioAccount, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a PortfolioSeries. Whenever Custodian or any of its agents receives a proxy with respect to securities in the Custody Account of a PortfolioSeries, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by --------------------------- the TrustFund, Custodian shall promptly deliver to the Trust Fund all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities Securities held by it in the Custody Account of a PortfolioAccount. Whenever Custodian or any of its agents receives a proxy with respect to securities Securities in the Custody Account of a PortfolioAccount, Custodian shall promptly request instructions from the Trust Fund on how such securities Securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust Fund timely informs Custodian that the Trust Fund wishes to vote any such securities Securities in person, Custodian shall promptly seek to have a legal proxy covering such securities Securities issued to the TrustFund. Unless otherwise instructed by the TrustFund, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities Securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a PortfolioAccount. Whenever Custodian or any of its agents receives a proxy with respect to securities in the Custody Account of a PortfolioAccount, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the Trust--------------------------- Fund, Custodian shall promptly deliver to the Trust Fund all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities Securities held by it in the Custody Account of a PortfolioAccount. Whenever Custodian or any of its agents receives a proxy with respect to securities Securities in the Custody Account of a PortfolioAccount, Custodian shall promptly request instructions from the Trust Fund on how such securities Securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust Fund timely informs Custodian that the Trust Fund wishes to vote any such securities Securities in person, Custodian shall promptly seek to have a legal proxy covering such securities Securities issued to the TrustFund. Unless otherwise instructed by the TrustFund, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities Securities held hereunder.

Proxies and Other Materials. (a) Unless otherwise instructed by the --------------------------- Trust, Custodian shall promptly deliver to the Trust all notices of meetings, proxy materials (other than proxies) and other announcements, which it receives regarding securities held by it in the Custody Account of a Portfolio. Whenever Custodian or any of its agents receives a proxy with respect to securities in the Custody Account of a Portfolio, Custodian shall promptly request instructions from the Trust on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions. If the Trust timely informs Custodian that the Trust wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to the Trust. Unless otherwise instructed by the Trust, neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held hereunder.