Common use of RECEIPT AND DISBURSEMENT OF CASH Clause in Contracts

RECEIPT AND DISBURSEMENT OF CASH. A. Custodian shall open and maintain a custody account (the "Account") in the name of VCA-11, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement. Custodian shall hold in the Account all cash received by it from, or for the account of, VCA-11. B. Custodian shall make payments of cash for the account of VCA-11 only (i) for the purchase of securities for the portfolio of VCA-11 upon the delivery of such securities to Custodian, either registered in the mane of VCA-11 of Custodian's nominee referred to in Section 2 below or in bearer form or proper form for transfer, or by Federal Reserve book-entry delivery to Custodian's account for the benefit of VCA-11; (ii) to another Prudential bank for the purpose of making payments to VCA-11 participants or beneficiaries of participants in accordance with their respective contracts as a result of the withdrawal of all or a portion of an accumulation account, an election to purchase an annuity or the payment of a death benefit provided for under the contract; (iii) to Prudential, as a result of the election by a VCA-11 participant or a beneficiary of a participant to transfer all or a portion of his accumulation account to a companion variable or fixed-dollar contract; (iv) to Prudential, upon withdrawal by Prudential or all or part of the proportionate interest in VCA-11 then held by it; (v) for the payment of interest, dividends, taxes, advisory, management or supervisory fees or operating and administrative expenses (including, without limitation, fees and expenses payable to Prudential and fees for legal, accounting and auditing services); (vi) for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to be VCA-11 held by or to be delivered to Custodian; (vii) to any other custodian of the securities or property of VCA-11, or (viii) for other proper account purposes. Before making any such payment, Custodian shall receive (and may rely upon) an officers' certificate, defined in Section 10 below, requesting such payment and stating that it is for a purpose permitted under the terms of items (i) through(vii) of this subsection B, and also, in respect of item (viii), upon receipt of an officers' certificate and a certified copy of a resolution of the VCA-11 Committee specifying the amount of such payment, setting forth the purpose for which such payment is to be made, declaring such purpose to be a proper account purpose and naming the person or persons to whom such payment is to be made. C. Custodian is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by Custodian for the account of VCA-11.

RECEIPT AND DISBURSEMENT OF CASH. A. Custodian shall open and maintain a custody account (the "Account") in the name of VCA-11VCA-10, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement. Custodian shall hold in the Account all cash received by it from, or for the account of, VCA-11VCA-10. B. Custodian shall make payments of cash for the account of VCA-11 VCA-10 only (i) for the purchase of securities for the portfolio of VCA-11 VCA-10 upon the delivery of such securities to Custodian, either registered in the mane name of VCA-11 of VCA-10 or Custodian's nominee referred to in Section 2 below or in bearer form or proper form for transfer, or by Federal Reserve book-entry bookentry delivery to Custodian's account for the benefit of VCA-11VCA-10; (ii) to another Prudential bank for the purpose of making payments to VCA-11 VCA-10 participants or beneficiaries of participants in accordance with their respective contracts as a result of the withdrawal of all or a portion of an accumulation account, an election to purchase an annuity or the payment of a death benefit provided for under the contract; (iii) to Prudential, as a result of the election by a VCA-11 VCA-10 participant or a beneficiary of a participant to transfer all or a portion of his accumulation account to a companion variable or fixed-dollar contract; (iv) to Prudential, upon withdrawal by Prudential or all or part of the proportionate interest in VCA-11 VCA-10 then held by it; (v) for the payment of interest, dividends, taxes, advisory, management or supervisory fees or operating and administrative expenses (including, without limitation, fees and expenses payable to Prudential and fees for legal, accounting and auditing services); (vi) for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to be VCA-11 VCA-10 held by or to be delivered to Custodian; (vii) to any other custodian of the securities or property of VCA-11VCA-10, or (viii) for other proper account purposes. Before making any such payment, Custodian shall receive (and may rely upon) an officers' certificate, defined in Section 10 below, requesting such payment and stating that it is for a purpose permitted under the terms of items (i) through(viithrough (vii) of this subsection B, and also, in respect of item (viii), upon receipt of an officers' certificate and a certified copy of a resolution of the VCA-11 VCA-10 Committee specifying the amount of such payment, setting forth the purpose for which such payment is to be made, declaring such purpose to be a proper account purpose and naming the person or persons to whom such payment is to be made. C. Custodian is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by Custodian for the account of VCA-11VCA-10.

RECEIPT AND DISBURSEMENT OF CASH. A. Custodian shall open and maintain a custody account (the "Account") in the name of VCA-11VCA-10, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement. Custodian shall hold in the Account all cash received by it from, or for the account of, VCA-11VCA-10. B. Custodian shall make payments of cash for the account of VCA-11 VCA-10 only (i) for the purchase of securities for the portfolio of VCA-11 VCA-10 upon the delivery of such securities to Custodian, either registered in the mane name of VCA-11 of VCA-10 or Custodian's nominee referred to in Section 2 below or in bearer form or proper form for transfer, or by Federal Reserve book-entry delivery to Custodian's account in the Depository Trust Company ("DTC") for the benefit of VCA-11VCA-10; (ii) to another Prudential bank for the purpose of making payments to VCA-11 VCA-10 participants or beneficiaries of participants in accordance with their respective contracts as a result of the withdrawal of all or a portion of an accumulation account, an election to purchase an annuity or the payment of a death benefit provided for under the contract; (iii) to Prudential, as a result of the election by a VCA-11 VCA-10 participant or a beneficiary of a participant to transfer all or a portion of his an accumulation account to a companion variable or fixed-dollar contractcontract account; (iv) to Prudential, upon withdrawal by Prudential or of all or part of the proportionate interest in VCA-11 VCA-10 then held by it; (v) for the payment of interest, dividends, taxes, advisory, management or supervisory fees or operating and administrative expenses (including, without limitation, fees and expenses payable to Prudential and fees for legal, accounting and auditing services); (vi) for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to be VCA-11 VCA-10 held by or to be delivered to Custodian; (vii) to any other custodian of the securities or property of VCA-11, VCA-10; or (viii) for other proper account purposes. Before making any such payment, Custodian shall receive (and may rely upon) an officers' certificate, defined in Section 10 11 below, requesting such payment and stating that it is for a purpose permitted under the terms of items (i) through(viithrough (vii) of this subsection Subsection B, and also, in respect of item (viii), upon receipt of an officers' certificate and a certified copy of a resolution of the VCA-11 VCA-10 Committee specifying the amount of such payment, setting forth the purpose for which such payment is to be made, declaring such purpose to be a proper account purpose and naming the person or persons to whom such payment is to be made. C. Custodian is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by Custodian for the account of VCA-11VCA-10.

RECEIPT AND DISBURSEMENT OF CASH. A. Custodian shall open and maintain a custody account (the "Account") in the name of VCA-11VCA-2, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement. Custodian shall hold in the Account all cash received by it from, from or for the account of, VCA-11of VCA-2. B. Custodian shall make payments of cash for the account of VCA-11 VCA-2 only (i) for the purchase of securities for the portfolio of VCA-11 VCA-2 upon the delivery of such securities to Custodian, either registered in the mane name of VCA-11 of VCA-2 or Custodian's nominee referred to in Section 2 below below,or in bearer form or proper form for transfer, ,or by Federal Reserve book-entry delivery to Custodian's account in the Depository Trust Company ("DTC") for the benefit of VCA-11VCA-2; (ii) to another Prudential bank for the purpose of making payments to VCA-11 VCA-2 participants or beneficiaries of participants in accordance with their respective contracts as a result of the withdrawal of all or a portion of an accumulation account, an election to purchase an effect a variable annuity or the payment of a death benefit provided for under the contract; (iii) to Prudential, as a result of the election by a VCA-11 participant or a beneficiary of a VCA-2 participant to transfer all or a portion of his accumulation account to a companion variable or fixed-dollar contractcontract account or to cause a fixed-dollar annuity to be effected; (iv) to Prudential, upon withdrawal by Prudential or of all or part of the proportionate interest in VCA-11 VCA-2 then held by it; (v) for the payment of interest, dividends, taxes, advisory, management or supervisory fees or operating and administrative expenses (including, without limitation, fees and expenses payable to Prudential and fees for legal, accounting and auditing services); , (vi) for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to be VCA-11 by VCA-2 held by or to be delivered to Custodian; (vii) to any other custodian of the securities or property of VCA-11, VCA-2; or (viii) for other proper account purposes. Before making any such payment, Custodian shall receive (and may rely upon) an officers' certificate, defined in Section 10 below, certificate requesting such payment and stating that it is for a purpose permitted under the terms of items (i) through(viithru (vii) of this subsection B, and also, in respect of item Item (viii), upon receipt of an officers' certificate and a certified copy of a resolution of the VCA-11 VCA-2 Committee specifying the amount of such payment, setting forth the purpose for which such payment is to be made, declaring such purpose to be a proper account corporate purpose and naming the person or persons to whom such payment is to be made. C. Custodian is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by Custodian for the account of VCA-11VCA-2.