Common use of Purchase and Sale of Investments of the Portfolio Clause in Contracts

Purchase and Sale of Investments of the Portfolio. 1. Promptly upon each purchase of Securities by the Portfolio, the Portfolio shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, a Certificate or Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Written Instructions, a Certificate or Oral Instructions, specifying with respect to each such purchase: (a) the name of the issuer and the title of the Securities, (b) the principal amount purchased and accrued interest, if any, (c) the date of purchase and settlement, (d) the purchase price per unit, (e) the total amount payable upon such purchase, and (f) the name of the person from whom or the broker through whom the purchase was made. The Custodian shall upon receipt of Securities purchased by or for the Portfolio, pay out of the monies held for the account of the Portfolio the total amount payable to the person from whom or the broker through whom the purchase was made, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral Instructions. 2. Promptly upon each sale of Securities by the Portfolio, the Portfolio shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, a Certificate or Written Instructions, and (ii) with respect to each sale of Money Market Securities, Written Instructions, a Certificate or Oral Instructions, specifying with respect to each such sale: (a) the name of the issuer and the title of the Security, (b) the principal amount sold, and accrued interest, if any, (c) the date of sale, (d) the sale price per unit, (e) the total amount payable to the Portfolio upon such sale, and (f) the name of the broker through whom or the person to whom the sale was made. The Custodian shall deliver the Securities upon receipt of the total amount payable to the Portfolio upon such sale, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Securities and arrange for payment in accordance with the customs prevailing among delivers in Securities. 3. Promptly after the time as of which the Portfolio either - (a) writes an option on Securities or writes a covered put option in respect of a Security, or (b) notifies the Custodian that its obligations in respect of any put or call option, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, or (c) notifies the Custodian that its obligations in respect of any other Security, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, the Custodian will cause to be segregated or identified as deposited, pursuant to the Portfolio's obligations as set forth in the Registration Statement, Securities of such kinds and having such aggregate values as are required to meet the Portfolio's obligations in respect thereof. The Portfolio will provide to the Custodian, as of the end of each trading day, the market value of the Portfolio's option liability and the market value of its portfolio of common stocks. 4. On contractual settlement date, the account of the Portfolio will be charged for all purchases settling on that day, regardless of whether or not delivery is made. On contractual settlement date, sale proceeds will likewise be credited to the account of the Portfolio irrespective of delivery. In the case of "sale fails", the Custodian may request the assistance of the Portfolio in making delivery of the failed Security.

Purchase and Sale of Investments of the Portfolio. 1. (a) Promptly upon after each purchase of Securities by for the Portfolio, the Portfolio Company shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, a Certificate or Written Instructions, Instruction and (ii) with respect to each purchase of Money Market Securities, either a Written Instructions, a Certificate Instruction or Oral InstructionsInstruction, in either case specifying with respect to each purchase: (1) the name of the Portfolio to which such purchase: Securities are to be specifically allocated; (a2) the name of the issuer and the title of the Securities, ; (b3) the number of shares or the principal amount purchased and accrued interest, if any, ; (c4) the date of purchase and settlement, ; (d5) the purchase price per unit, ; (e6) the total amount payable upon such purchase, Purchase; and (f7) the name of the person from whom or the broker through whom the purchase was made, if any. The Custodian or specified Sub-Custodian shall upon receipt of receive the Securities purchased by or for the Portfolio, Portfolio and upon receipt thereof shall pay to the broker or other person designated by the Company out of the monies held for the account of the Portfolio the total amount payable to the person from whom or the broker through whom the purchase was madeupon such purchase, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral InstructionsInstruction. 2. (b) Promptly upon after each sale of Securities by of the Portfolio, the Portfolio Company shall deliver to the Custodian (i) with respect to each the sale of Securities which are not Money Market Securities, a Certificate or Written InstructionsInstruction, and (ii) with respect to each sale of Money Market Securities, either Written Instructions, a Certificate Instructions or Oral Instructions, in either case specifying with respect to each such sale: (a1) the name of the issuer and the title of the Security, (b) the principal amount sold, and accrued interest, if any, (c) the date of sale, (d) the sale price per unit, (e) the total amount payable Portfolio to the Portfolio upon such sale, and (f) the name of the broker through whom or the person to whom the sale was made. The Custodian shall deliver which the Securities upon receipt of the total amount payable to the Portfolio upon such sale, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Securities and arrange for payment in accordance with the customs prevailing among delivers in Securities. 3. Promptly after the time as of which the Portfolio either - (a) writes an option on Securities or writes a covered put option in respect of a Security, or (b) notifies the Custodian that its obligations in respect of any put or call option, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, or (c) notifies the Custodian that its obligations in respect of any other Security, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, the Custodian will cause to be segregated or identified as deposited, pursuant to the Portfolio's obligations as set forth in the Registration Statement, Securities of such kinds and having such aggregate values as are required to meet the Portfolio's obligations in respect thereof. The Portfolio will provide to the Custodian, as of the end of each trading day, the market value of the Portfolio's option liability and the market value of its portfolio of common stocks. 4. On contractual settlement date, the account of the Portfolio will be charged for all purchases settling on that day, regardless of whether or not delivery is made. On contractual settlement date, sale proceeds will likewise be credited to the account of the Portfolio irrespective of delivery. In the case of "sale fails", the Custodian may request the assistance of the Portfolio in making delivery of the failed Security.sold were specifically allocated;

Purchase and Sale of Investments of the Portfolio. 1. (a) Promptly upon after each purchase of Securities by for the Portfolio, the Portfolio Company shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, a Certificate or Written Instructions, Instruction and (ii) with respect to each purchase of Money Market Securities, either a Written Instructions, a Certificate Instruction or Oral InstructionsInstruction, in either case specifying with respect to each purchase: (1) the name of the Portfolio to which such purchase: Securities are to be specifically allocated; (a2) the name of the issuer and the title of the Securities, ; (b3) the number of shares or the principal amount purchased and accrued interest, if any, ; (c4) the date of purchase and settlement, ; (d5) the purchase price per unit, ; (e6) the total amount payable upon such purchase, ; and (f7) the name of the person from whom or the broker through whom the purchase was made, if any. The Custodian or specified Sub-Custodian shall upon receipt of receive the Securities purchased by or for the Portfolio, Portfolio and upon receipt thereof shall pay to the broker or other person designated by the Company out of the monies held for the account of the Portfolio the total amount payable to the person from whom or the broker through whom the purchase was madeupon such purchase, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral InstructionsInstruction. 2. (b) Promptly upon after each sale of Securities by of the Portfolio, the Portfolio Company shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, a Certificate or Written InstructionsInstruction, and (ii) with respect to each sale of Money Market Securities, either Written Instructions, a Certificate Instructions or Oral Instructions, in either case specifying with respect to each such sale: (a1) the name of the issuer and the title of the Security, (b) the principal amount sold, and accrued interest, if any, (c) the date of sale, (d) the sale price per unit, (e) the total amount payable Portfolio to the Portfolio upon such sale, and (f) the name of the broker through whom or the person to whom the sale was made. The Custodian shall deliver which the Securities upon receipt of the total amount payable to the Portfolio upon such sale, provided that the same conforms to the total amount payable as set forth in such Certificate, Written Instructions or Oral Instructions. Subject to the foregoing, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Securities and arrange for payment in accordance with the customs prevailing among delivers in Securities. 3. Promptly after the time as of which the Portfolio either - (a) writes an option on Securities or writes a covered put option in respect of a Security, or (b) notifies the Custodian that its obligations in respect of any put or call option, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, or (c) notifies the Custodian that its obligations in respect of any other Security, as described in the Registration Statement, require that the Portfolio deposit Securities or additional Securities with the Custodian, specifying the type and value of Securities required to be so deposited, the Custodian will cause to be segregated or identified as deposited, pursuant to the Portfolio's obligations as set forth in the Registration Statement, Securities of such kinds and having such aggregate values as are required to meet the Portfolio's obligations in respect thereof. The Portfolio will provide to the Custodian, as of the end of each trading day, the market value of the Portfolio's option liability and the market value of its portfolio of common stocks. 4. On contractual settlement date, the account of the Portfolio will be charged for all purchases settling on that day, regardless of whether or not delivery is made. On contractual settlement date, sale proceeds will likewise be credited to the account of the Portfolio irrespective of delivery. In the case of "sale fails", the Custodian may request the assistance of the Portfolio in making delivery of the failed Security.sold were specifically allocated;