Common use of Segregated Accounts Clause in Contracts

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Company, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Company, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company or in connection with financial futures contracts (or options thereon) purchased or sold by the Company, (c) which constitute collateral for loans of securities made by the Company, (d) for purposes of compliance by the Company with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Company.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and any other appropriate transactions, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do soInstructions, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds cash and/or securitiesSecurities, including securities Securities maintained in a Securities DepositoryDepository Account: (a) in accordance with the provisions of any agreement among the CompanyCompany on behalf of the Fund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of by the CompanyFund, (b) for purposes of segregating funds cash or securities Securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities Securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of of, in addition to Proper Instructions, specifying a copy of a resolution of the Board of Directors, certified by an Officer, setting forth the purpose or purposes of such segregated account and certifying declaring such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do soInstructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds cash and/or securities, including securities maintained in a Securities DepositoryDepository Account: (a) in In accordance with the provisions of any agreement among the CompanyFund, the Custodian and a securities broker-dealer registered under the 1934 Act and a member of the NASD (or any futures commission merchantmerchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation or the OCC and of any registered national securities exchange (or the Commodity Futures Trading Commission CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of by the Company,Fund; (b) for For purposes of segregating funds cash or securities in connection with securities options purchased purchased, sold or written by the Company Fund, or in connection with financial futures contracts (or options thereon) purchased or sold by the Company,Fund; (c) which Which constitute collateral for loans of securities made by the Company,Fund; (d) for For purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, and when-issued, delayed delivery and firm commitment transactions, and short sales of securities, other similar transactions; and (e) for For any other proper purposespurpose, but only upon receipt of of, in addition to Proper Instructions, a certified copy of a resolution of the Board of Directors, certified by an officer of the Fund, specifying the purpose or purposes of such segregated account and certifying declaring such purposes purpose to be a proper purposes of the Companycorporate purpose.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyPortfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyPortfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyPortfolio, (c) which that constitute collateral for loans of securities made by the CompanyPortfolio, (d) for purposes of compliance by the Company Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyPortfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Series, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Series, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Series or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Series, (c) which constitute collateral for loans of securities made by the Companysuch Series, (d) for purposes of compliance by the Company such Series with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Series.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts funds and/or securities may be transferred funds and/or securitiestransferred, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, , (e) for purposes of segregating moneys received by the Fund for the purchase of shares in such fund prior to a date upon which admission to such fund is allowed by the Fund's Board; and (ef) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection (i) with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, or (ii) interest rate transactions entered into by the Fund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyPortfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyPortfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyPortfolio, (c) which constitute collateral for loans of securities made by the CompanyPortfolio, (d) for purposes of compliance by the Company Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyPortfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, , (e) for purposes of segregating moneys received by the Fund for the purchase of shares in such fund prior to a date upon which admission to such fund is allowed by the Fund’s Board; and (ef) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do soInstructions, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds cash and/or securitiesSecurities, including securities Securities maintained in a Securities Depository:Depository Account, (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of by the CompanyFund, (b) for purposes of segregating funds cash or securities Securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities Securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, agreements and when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of of, in addition to Proper Instructions, specifying a copy of a resolution of the Board of Trustees, certified by an Officer, setting forth the purpose or purposes of such segregated account and certifying declaring such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-broker dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-when issued, delayed delivery and firm commitment transactions, and short sales of securities, , (e) for purposes of segregating moneys received by the Fund for the purchase of shares in such fund prior to a date upon which admission to such fund is allowed by the Fund's Board; and (ef) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-when- issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do soInstructions, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts may be transferred funds cash and/or securitiesSecurities, including securities Securities maintained in a Securities DepositoryDepository Account: (a) in accordance with the provisions of any agreement among the CompanyFund, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of by the CompanyFund, (b) for purposes of segregating funds cash or securities Securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities Securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of of, in addition to Proper Instructions, specifying a copy of a resolution of the Board of Directors, certified by an Officer, setting forth the purpose or purposes of such segregated account and certifying declaring such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyPortfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyPortfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyPortfolio, (c) which constitute collateral for loans of securities made by the CompanyPortfolio, (d) for purposes of compliance by the Company Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyPortfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the CompanyFund, into which account or accounts in may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the CompanyFund, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company Fund or in connection with financial futures contracts (or options thereon) purchased or sold by the CompanyFund, (c) which constitute collateral for loans of securities made by the CompanyFund, (d) for purposes of compliance by the Company Fund with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the CompanyFund.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the CompanyTrust, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Companysuch Portfolio, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, anddelayed (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Companysuch Portfolio.

Segregated Accounts. Upon receipt of Proper Instructions to do so, Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Companyany Portfolio, into which account or accounts may be transferred funds and/or securities, including securities maintained in a Securities Depository: (a) in accordance with the provisions of any agreement among the Company, Custodian and a securities broker-dealer (or any futures commission merchant), relating to compliance with the rules of The Options Clearing Corporation or of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions of the Companysuch Portfolio, (b) for purposes of segregating funds or securities in connection with securities options purchased or written by the Company such Portfolio or in connection with financial futures contracts (or options thereon) purchased or sold by the Company, (c) which constitute collateral for loans of securities made by the Companysuch Portfolio, (d) for purposes of compliance by the Company such Portfolio with requirements under the 1940 Act for the maintenance of segregated accounts by registered management investment companies in connection with reverse repurchase agreements, when-issued, delayed delivery and firm commitment transactions, and short sales of securities, and (e) for other proper purposes, but only upon receipt of Proper Instructions, specifying the purpose or purposes of such segregated account and certifying such purposes to be proper purposes of the Company.