Common use of Purchases of Securities Clause in Contracts

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank Oral Instructions specifying with respect to each such purchase: (a) the name of the issuer and the title of the securities, (b) the number of shares or 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. PNC Bank shall upon receipt of securities purchased by or for the Company pay out of the moneys held for the account of the Company 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 Oral Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities upon ----------------------- receipt of Oral or Written Instructions specifying with respect to each such purchasefrom the Fund or its investment advisor(s) that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; and (fvi) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company Fund pay out of the moneys held for the account of the Company Fund the total amount payable to the person from whom 15 or the broker through whom the purchase was made, provided that the same conforms to the total amount payable as set forth in such Oral or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities upon receipt of Oral or Written Instructions specifying with respect to each such purchasefrom the Fund or its investment advisers that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; (fvi) the Portfolio involved; and (vii) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company a Portfolio pay out of the moneys held for the account of the Company 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 Oral or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities ----------------------- upon receipt of Oral Instructions specifying with respect to each such purchaseor Written Instructions from the Fund or its investment advisers that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; (fvi) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company Fund pay out of the moneys held for the account of the Company Fund 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 Oral Instructions or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase PNC Bank shall settle purchased ----------------------- securities by upon receipt of Oral or Written Instructions from the Fund or its investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank Oral Instructions specifying with respect to each such purchaseadvisers that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; (fvi) the Portfolio involved; and (vii) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company a Portfolio pay out of the moneys held for the account of the Company 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 Oral or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities ----------------------- upon receipt of Oral Instructions specifying with respect to each such purchaseor Written Instructions from the Fund or its investment advisers that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; and (fvi) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company Fund pay out of the moneys held for the account of the Company Fund 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 Oral Instructions or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities upon receipt of Oral Instructions specifying with respect to each such purchaseor Written Instructions from the Fund or its investment advisers that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; (fvi) the Series involved; and (vii) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company a Series pay out of the moneys held for the account of the Company Series 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 Oral Instructions or Written Instructions.

Purchases of Securities. Promptly after each decision to purchase ----------------------- securities by the investment advisor, the Company, through the investment advisor, shall deliver to PNC Bank shall settle purchased securities ----------------------- upon receipt of Oral or Written Instructions specifying with respect to each such purchasefrom the Fund or its investment advisor(s) that specify: (ai) the name of the issuer and the title of the securities, including CUSIP number if applicable; (bii) the number of shares or the principal amount purchased and accrued interest, if any, ; (ciii) the date of purchase and settlement, ; (div) the purchase price per unit, ; (ev) the total amount payable upon such purchase and purchase; and (fvi) the name of the person from whom or the broker through whom the purchase was made. PNC Bank shall upon receipt of securities purchased by or for the Company Fund pay out of the moneys held for the account of the Company Fund 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 Oral or Written Instructions.