Common use of PURCHASE AND SALE OF INVESTMENTS OF THE TRUST Clause in Contracts

PURCHASE AND SALE OF INVESTMENTS OF THE TRUST. (a) Promptly after each purchase of Securities for the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each purchase of Money Market Securities, either Written or Oral Instruction, 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 the Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or the Depository. The Custodian shall receive all Securities purchased by or for the Trust and upon receipt of such Securities shall pay out of the moneys held for the account of the Trust 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 the Trust, the Trust shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each sale of Money Market Securities, either Written or Oral Instruction, 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 Trust 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 the Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Trust upon receipt of the total amount payable to the Trust upon such sale, provided that the same conforms to the total amount payable to the Trust as set forth in such Written Instruction or such 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 dealers in Securities.

PURCHASE AND SALE OF INVESTMENTS OF THE TRUST. (a) Promptly after each purchase of Securities for the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each purchase of Money Market Securities, either Written or Oral Instruction, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the securitiesSecurities; (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 the Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or the Depository. The Custodian shall receive all Securities purchased by or for the Trust and upon receipt of such Securities shall pay out of the moneys held for the account of the Trust 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 the Trust, the Trust shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each sale of Money Market Securities, either Written or Oral Instruction, 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 Trust 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 the Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Trust upon receipt of the total amount payable to the Trust upon such sale, provided that the same conforms to the total amount payable to the Trust as set forth in such Written Instruction or such 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 dealers in Securities.

PURCHASE AND SALE OF INVESTMENTS OF THE TRUST. (a) 1. Promptly after each purchase of Securities for by the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, a Certificate or Written InstructionInstructions, and (ii) with respect to each purchase of Money Market Securities, either Written Instructions, a Certificate or Oral InstructionInstructions, in either case specifying with respect to each such purchase: (1a) the name of the issuer and the title of the securities; Securities, (2b) the number of shares or the principal amount purchased and accrued interest, if any; , (3c) the date of purchase and settlement; , (4d) the purchase price per unit; , (5e) the total amount payable upon such purchase; purchase and (6f) 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 the Depository; and (8) whether the Securities purchased are to be deposited in the Book-Entry System or the Depository. The Custodian shall receive all upon receipt of Securities purchased by or for the Trust and upon receipt of such Securities shall Trust, pay out of the moneys monies held for the account of the Trust the total amount payable upon such purchaseto 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. (b) 2. Promptly after each sale of Securities by the Trust for the account of the Trust, the Trust shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, a Certificate or Written InstructionInstructions, and (ii) with respect to each sale of Money Market Securities, either Written Instructions, a Certificate or Oral InstructionInstructions, in either case specifying with respect to each such sale: (1a) the name of the issuer and the title of the Securities; Security, (2b) the number of shares or principal amount sold, and accrued interest, if any; , (3c) the date of sale; , (4d) the sale price per unit; , (5e) the total amount payable to the Trust upon such sale; sale and (6f) 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 the Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Trust upon receipt of the total amount payable to the Trust upon such salesuch, provided that the same conforms to the total amount payable to the Trust as set forth in such Certificate, Written Instruction Instructions or such 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 dealers in Securities. 3. The Custodian shall upon receipt of Written instructions establish and maintain a segregated account or accounts for and on behalf of the Trust, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account in a Depository or Book-Entry System, (i) in accordance with the provisions of any Agreement among the Trust, the Custodian and a broker-dealer registered under the Exchange Act and a member of the NASD (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Trust, or (ii) for purposes of segregating cash or government securities in connection with options purchased, sold or written by the Trust or commodity futures contracts or options thereon purchased or sold by the Trust, or (iii) for the purposes of compliance by the Trust with the procedures required by Investment Company Act Release No. 10666, or any subsequent release or releases or rule of the Securities and Exchange Commission relating to the maintenance of segregated accounts by registered investment companies, or (iv) for other proper corporate purposes, but only, in the case of clause (iv), upon receipt of, in addition to Written Instructions, a certified copy of a resolution of the Board of Trustees of the Trust signed by an Authorized Person and certified by the Secretary or an Assistant Secretary, setting forth the purposes of such segregated account and declaring such purposes to be proper corporate purposes. 4. On contractual settlement date, the account of the Trust 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 Trust irrespective of delivery. In the case of "sale fails", the Custodian may request the assistance of the Trust in making delivery of the failed Security. 5. Except as specifically stated otherwise in this Agreement in any and every case where payment for purchase of Securities for the account of the Trust is made by the Custodian in advance of receipt of the Securities purchased in the absence of Written Instructions to so pay in advance, the Custodian shall be absolutely liable to the Trust for such securities to the same extent as if the securities had been received by the Custodian.

PURCHASE AND SALE OF INVESTMENTS OF THE TRUST. (a) Promptly after each purchase of Securities for the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each purchase of Money Market Securities, either a Written or Oral Instruction, in either case specifying with respect to each purchase: (1) the name of the issuer and the title of the securitiesSecurities; (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 the Depository; and (8) whether the Securities purchased are to be deposited in the Book-Book Entry System or the Depository. The Custodian shall receive all Securities purchased by or for the Trust and upon receipt of such Securities shall pay out of the moneys held for the account of the Trust 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 InstructionsInstruction. (b) Promptly after each sale of Securities of the Trust, the Trust shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instruction, and (ii) with respect to each sale of Money Market Securities, either Written or Oral Instruction, 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 Trust 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 the Depository. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Trust upon receipt of the total amount payable to the Trust upon such sale, provided that the same conforms to the total amount payable to the Trust as set forth in such Written Instruction or such Oral InstructionsInstruction. 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 dealers in Securities.

PURCHASE AND SALE OF INVESTMENTS OF THE TRUST. (a) 1. Promptly after each purchase of Securities for by the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Securities which are not Money Market Securities, Written Instructiona Certificate, and (ii) with respect to each purchase of or Money Market Securities, either Written Instructions, a Certificate or Oral InstructionInstructions, in either case specifying with respect to each such purchase: (1a) the name of or the issuer and the title of the securities; Securities, (2b) the number of shares or the principal amount purchased and purchased, together with accrued dividends or interest, if any; , (3c) the date of purchase and settlement; , (4d) the purchase price per unit; , (5e) the total amount payable upon such purchase; , (6f) the name of or 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 the Depository; and (8) whether g) the Fund of the Trust for which the Securities purchased are to be deposited in the Book-Entry System or the Depositorywere purchased. The Custodian shall receive all upon receipt of Securities purchased by or for the Trust and upon receipt of such Securities shall pay out of the moneys held for the account of the appropriate Fund of the Trust the total amount payable upon such purchaseto 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. (b) 2. Promptly after each sale of Securities of by the Trust, the Trust shall deliver to the Custodian (i) with respect to each sale of Securities which are not Money Market Securities, Written Instructiona Certificate, and (ii) with respect to each sale of Money Market Securities, either Written Instructions, a Certificate, or Oral InstructionInstructions, in either case specifying with respect to each such sale: (1a) the name of the issuer and the title of the Securities; Security, (2b) the number of shares or principal amount sold, and together with accrued dividends or interest, if any; , (3c) the date of sale; , (4d) the sale price per unit; , (5e) the total amount payable to the Trust upon such sale; , (6f) the name of the broker through whom or the person to whom the sale was made; , and (7g) whether or not such sale is to be settled through the Book-Entry System or Fund of the DepositoryTrust from which the Securities were sold. The Custodian shall deliver or cause to be delivered the Securities to the broker or other person designated by the Trust upon receipt of the total amount payable to the Trust upon such sale, provided that the same conforms to the total amount payable to the Trust as set forth in such Certificate, Written Instruction Instructions or such 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 dealers in Securities.