Common use of Purchase and Sale of Investments of a Fund Clause in Contracts

Purchase and Sale of Investments of a Fund. (a) Promptly after each purchase of Securities for a Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructions and (ii) with respect to each purchase of Money Market, Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the Securities; (2) the number of shares or the principal amount purchased and accrued interest, if any; (3) the date of purchase and settlement; (4) the purchase price per unit; (5) the total amount payable upon such purchase; (6) the name of the person from whom or the broker through whom the purchase was made. if any; (7) whether or not such purchase is to be settled through the Book-Entry System or a Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or a Depository. The Custodian shall receive the Securities purchased by or for the Fund and upon receipt of Securities or, as appropriate, a copy of the broker's or dealer's confirmation or payee's invoice, shall pay out of the monies held for the account of the Fund the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Written or Oral Instructions. (b) Promptly after each sale of Securities of a Fund, the Fund shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to such sale: (1) the name of the issuer and the title of the Securities; (2) the number of shares or principal amount sold, and accrued interest, if any; (3) the date of sale; (4) the sale price per unit; (5) the total amount payable to the Fund upon such sale; (6) the name of the broker through whom or the person to whom the sale was made; and (7) whether or not such sale is to be settled through the Book-Entry System or a Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Fund UPON RECEIPT OF THE TOTAL AMOUNT PAYABLE to the Fund upon such sale, provided that the same conforms to the total amount payable to the Fund as set forth in such Written or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and is customary among dealers in Securities, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities.

Purchase and Sale of Investments of a Fund. (a) Promptly after each purchase of Securities for a Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructions and (ii) with respect to each purchase of Money Market, Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the Securities; (2) the number of shares or the principal amount purchased and accrued interest, if any; (3) the date of purchase and settlement; (4) the purchase price per unit; (5) the total amount payable upon such purchase; (6) the name of the person from whom or the broker through whom the purchase was made. , if any; (7) whether or not such purchase is to be settled through the Book-Book- Entry System or a Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or a Depository. The Custodian shall receive the Securities purchased by or for the Fund and upon receipt of Securities or, as appropriate, a copy of the broker's or dealer's confirmation or payee's invoice, shall pay out of the monies held for the account of the Fund the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Written or Oral Instructions. (b) Promptly after each sale of Securities of a Fund, the Fund shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to such sale: (1) the name of the issuer and the title of the Securities; (2) the number of shares or principal amount sold, and accrued interest, if any; (3) the date of sale; (4) the sale price per unit; (5) the total amount payable to the Fund upon such sale; (6) the name of the broker through whom or the person to whom the sale was made; and (7) whether or not such sale is to be settled through the Book-Book- Entry System or a Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Fund UPON RECEIPT OF THE TOTAL AMOUNT PAYABLE upon receipt of the total amount payable to the Fund upon such sale, provided that the same conforms to the total amount payable to the Fund as set forth in such Written or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and is customary among dealers in Securities, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities.

Purchase and Sale of Investments of a Fund. (a) Promptly after each purchase of Securities for a the Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructions and (ii) with respect to each purchase of Money Market, Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the Securities; (2) the number of shares or the principal amount purchased and accrued interest, if any; (3) the date of purchase and settlement; (4) the purchase price per unit; (5) the total amount payable upon such purchase; (6) the name of the person from whom or the broker through whom the purchase was made. , if any; (7) whether or not such purchase is to be settled through the Book-Entry System or a Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or a Depository. The Custodian shall receive the Securities purchased by or for the Fund and upon receipt of Securities or, as appropriate, a copy of the broker's or dealer's confirmation or payee's invoice, shall pay out of the monies held for the account of the Fund the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Written or Oral Instructions. (b) Promptly after each sale of Securities of a the Fund, the Fund shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to such sale: (1) the name of the issuer and the title of the Securities; (2) the number of shares or principal amount sold, and accrued interest, if any; (3) the date of sale; (4) the sale price per unit; (5) the total amount payable to the Fund upon such sale; (6) the name of the broker through whom or the person to whom the sale was made; and (7) whether or not such sale is to be settled through the Book-Entry System or a Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Fund UPON RECEIPT OF THE TOTAL AMOUNT PAYABLE upon receipt of the total amount payable to the Fund upon such sale, provided that the same conforms to the total amount payable to the Fund as set forth in such Written or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and is customary among dealers in Securities, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities.

Purchase and Sale of Investments of a Fund. (a) Promptly after each purchase of Securities for a Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructions and (ii) with respect to each purchase of Money Market, Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the Securities; (2) the number of shares or the principal amount purchased and accrued interest, if any; (3) the date of purchase and settlement; (4) the purchase price per unit; (5) the total amount payable upon such purchase; (6) the name of the person from whom or the broker through whom the purchase was made. , if any; (7) whether or not such purchase is to be settled through the Book-Entry System or a Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or a Depository. The Custodian shall receive the Securities purchased by or for the Fund and upon receipt of Securities or, as appropriate, a copy of the broker's or dealer's confirmation or payee's invoice, shall pay out of the monies held for the account of the Fund the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Written or Oral Instructions. (b) Promptly after each sale of Securities of a Fund, the Fund shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to such sale: (1) the name of the issuer and the title of the Securities; (2) the number of shares or principal amount sold, and accrued interest, if any; (3) the date of sale; (4) the sale price per unit; (5) the total amount payable to the Fund upon such sale; (6) the name of the broker through whom or the person to whom the sale was made; and (7) whether or not such sale is to be settled through the Book-Entry System or a Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Fund UPON RECEIPT OF THE TOTAL AMOUNT PAYABLE upon receipt of the total amount payable to the Fund upon such sale, provided that the same conforms to the total amount payable to the Fund as set forth in such Written or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and is customary among dealers in Securities, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities.

Purchase and Sale of Investments of a Fund. (a) Promptly after each purchase of Securities for a Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructions and (ii) with respect to each purchase of Money Market, Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the Securities; (2) the number of shares or the principal amount purchased and accrued interest, if any; (3) the date of purchase and settlement; (4) the purchase price per unit; (5) the total amount payable upon such purchase; (6) the name of the person from whom or the broker through whom the purchase was made. , if any; (7) whether or not such purchase is to be settled through the Book-Entry System or a Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or a Depository. The Custodian shall receive the Securities purchased by or for the Fund and upon receipt of Securities or, as appropriate, a copy of the broker's or dealer's confirmation or payee's invoice, shall pay out of the monies held for the account of the Fund the total amount payable upon such purchase, provided that the same conforms to the total amount payable as set forth in such Written or Oral Instructions. (b) Promptly after each sale of Securities of a Fund, the Fund shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions or Oral Instructions, in either case specifying with respect to such sale: (1) the name of the issuer and the title of the Securities; (2) the number of shares or principal amount sold, and accrued interest, if any; (3) the date of sale; (4) the sale price per unit; (5) the total amount payable to the Fund upon such sale; (6) the name of the broker through whom or the person to whom the sale was made; and (7) whether or not such sale is to be settled through the Book-Entry System or a Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Fund UPON RECEIPT OF THE TOTAL AMOUNT PAYABLE upon receipt for the total amount payable to the Fund upon such sale, provided that the same conforms to the total amount payable to the Fund as set forth in such Written or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and is customary among dealers in Securities, and may deliver Securities and arrange for payment in accordance with the customs prevailing among dealers in Securities.