Common use of Put Options Clause in Contracts

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in the publications or services ("Notification Sources") the Custodian routinely uses 7/7/98 11 of 17 for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize commercially acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund Trust the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund Trust of such put option, where correct and timely notification is published in the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the FundTrust; (b) once notified, the Fund Trust must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund Trust fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund Trust of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in September 2000 11 of 17 the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize commercially acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize commercially acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in March 2001 11 of 19 the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize commercially acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("“Put Options Securities"”) including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in the publications or services ("“Notification Sources"”) the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "“business day" ” is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL The Wall Street Journal and/or DTC, and the Custodian reserves the right to utilize commercially September 2000 11 of 19 acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.

Put Options. Notwithstanding any provision hereunder to the contrary, with respect to Financial Assets which possess so-called put options or similar characteristics which grant the Fund the option to redeem such Financial Assets prior to their maturity date ("Put Options Securities") including, but not limited to so-called put bonds, the following shall apply: (a) with respect to put options which are exercisable semi-annually, or less frequently than semi-annually, and where such Put Option Financial Assets is actually delivered to the Custodian not less than fifteen (15) business days prior to the put option exercise date, the Custodian shall use its reasonable best efforts to notify the Fund of such put option, where correct and timely notification is published in March 2001 11 of 17 the publications or services ("Notification Sources") the Custodian routinely uses for this purpose, or as to which the Custodian receives timely notice from the Fund; (b) once notified, the Fund must direct the exercise or non-exercise of such put option by Letter delivered to the Custodian not less than five (5) business days prior to the put option exercise date, and if the Fund fails to make such direction, the Custodian shall not exercise such put option; and (c) for purposes of this Section 3: a "business day" is a day on which the Custodian is open for business under the laws of the State of New York; the notification sources include, but are not limited to, X.X. Xxxxxx, THE WALL STREET JOURNAL and/or DTC, and the Custodian reserves the right to utilize commercially acceptable other notification sources or discontinue any of the aforementioned notification sources at any time and without notice, ; and (d) the Custodian shall not notify the Fund of put options exercisable more frequently than semi-annually.