Common use of Reimbursement for Advances Clause in Contracts

Reimbursement for Advances. If the Custodian, in its discretion, advances cash on behalf of a Portfolio in connection with transactions in securities and foreign currency and in connection with advances or overdrafts arising out of the cash management services provided for in Schedule E, any property at any time held for the account of the applicable Portfolio shall be security therefor (and the Custodian shall have a continuing lien and security interest therein to the extent the Custodian shall have possession or control thereof) and, should the Portfolio fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of the Portfolio's assets to the extent necessary to obtain reimbursement. Any such advances shall bear interest at such rate as the Fund and the Custodian shall agree in writing from time to time.

Reimbursement for Advances. If the Custodian, in its discretion, advances cash on behalf of a Portfolio in connection with transactions in securities and foreign currency and in connection with advances or overdrafts arising out of the cash management services provided for in Schedule E, any property at any time held for the account of the applicable Portfolio shall be security therefor (and the Custodian shall have a continuing lien and security interest therein to the extent the Custodian shall have possession or control thereof) and, should the Portfolio fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of the Portfolio's assets to the extent necessary to obtain reimbursement. Any such advances shall bear interest at such rate as the Fund and the Custodian shall agree in writing from time to time.. 3.11