Common use of PURPOSE AND LIMITATIONS ON BORROWINGS Clause in Contracts

PURPOSE AND LIMITATIONS ON BORROWINGS. Each Borrower will use the proceeds of each Loan made to it solely for temporary or emergency purposes of the Fund for whose benefit it is borrowing in accordance with such Fund's Borrowing Limit (Schedule A) and prospectus in effect at the time of such Loan. Portfolio securities may not be purchased by a Fund while there is a Loan outstanding under the Facility or any other facility, if the aggregate amount of such Loan and any other such loan exceeds 5% of the total assets of such Fund.

PURPOSE AND LIMITATIONS ON BORROWINGS. Each Borrower will use the proceeds of each Loan made to it solely for temporary or emergency purposes of the Fund for whose benefit it is borrowing in accordance with such Fund's Borrowing Limit (Schedule A) and 90655 prospectus in effect at the time of such Loan. Portfolio securities may not be purchased by a Fund while there is a Loan outstanding under the Facility or any other facility, if the aggregate amount of such Loan and any other such loan exceeds 5% of the total assets of such Fund.

PURPOSE AND LIMITATIONS ON BORROWINGS. Each Borrower will use the proceeds of each Loan made to it solely for temporary or emergency purposes of the Fund for whose benefit it is borrowing in accordance with such Fund's Borrowing Limit (Schedule A) and prospectus in effect at the time of such Loan. Portfolio securities may not be purchased by a Fund while there is a Loan outstanding under the Facility or any other facilityand/or a loan outstanding under the Other Facilities for the benefit of such Fund, if the aggregate amount of such Loan and any such other such loan exceeds loans exceed 5% of the total assets of such Fund.such