Common use of Release of Securities for Use as Collateral Clause in Contracts

Release of Securities for Use as Collateral. Upon receipt of Proper Instructions and subject to the Declaration of Trust, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of Proper Instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of Proper Instructions proper instructions and subject to the Declaration of Trust, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of Proper Instructionsproper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefor therefore and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of Proper Instructions and subject to the Declaration of Trust, release securities belonging to the a Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the FundTrust, further securities may be released for that purpose. Upon receipt of Proper Instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of Proper Instructions and subject proper instructions, to the Declaration of Trust, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage pledge or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street the Bank of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fundauthorization, further securities may be released for that purpose. Upon receipt of Proper Instructionsproper instructions, to pay such loan upon redelivery to it of the securities pledged or hypothecated therefor therefore and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of Proper Instructions and subject to the Declaration Articles of TrustIncorporation, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of Proper Instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefor therefore and upon surrender of the note or notes evidencing the loan.