Common use of Segregation and Registration Clause in Contracts

Segregation and Registration. 7.1 State Street will upon receipt of Proper Instructions on behalf of each applicable Portfolio establish and maintain a segregated account or accounts for and on behalf of each such Portfolio, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by State Street: (a) in accordance with the provisions of any agreement among the applicable BTC Recipient on behalf of a Portfolio, State Street and a broker-dealer registered under the Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Portfolio; (b) for purposes of segregating U.S. cash, U.S. Government securities, or other U.S. securities in connection with swaps or other transactions by a Portfolio related to an ISDA Master Agreement; (c) for purposes of segregating U.S. cash or U.S. Government securities in connection with options purchased, sold or written by the Portfolio or commodity futures contracts or options thereon purchased or sold by the Portfolio; (d) for the purposes of compliance by the Portfolio with the procedures required by 1940 Act Release No. 10666, or any subsequent release of the SEC, or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by registered investment companies; and (e) for any other purpose upon receipt of Proper Instructions from the applicable BTC Recipient on behalf of the applicable Portfolio. 7.2 Domestic securities held by State Street (other than bearer securities) will be registered in the name of the Portfolio or in the name of any nominee of the applicable BTC Recipient on behalf of the applicable Portfolio or of any nominee of State Street which nominee will be assigned exclusively to a Portfolio, unless such BTC Recipient has authorized in writing the appointment of a nominee to be used in common with other registered investment companies having the same investment advisor as the Portfolio, or in the name or nominee name of any agent or in the name or nominee name of any sub-State Street that is properly appointed. All securities accepted by State Street on behalf of the Portfolio under the terms of this Service Module will be in “street name” or other good delivery form.

Segregation and Registration. 7.1 State Street will upon receipt of Proper Instructions on behalf of each applicable Portfolio establish and maintain a segregated account or accounts for and on behalf of each such Portfolio, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by State Street: (a) in accordance with the provisions of any agreement among the applicable BTC BFA Recipient on behalf of a Portfolio, State Street and a broker-dealer registered under the Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Portfolio; (b) for purposes of segregating U.S. cash, U.S. Government securities, or other U.S. securities in connection with swaps or other transactions by a Portfolio related to an ISDA Master Agreement; (c) for purposes of segregating U.S. cash or U.S. Government securities in connection with options purchased, sold or written by the Portfolio or commodity futures contracts or options thereon purchased or sold by the Portfolio; (d) for the purposes of compliance by the Portfolio with the procedures required by 1940 Act Release No. 10666, or any subsequent release of the SEC, or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by registered investment companies; and (e) for any other purpose upon receipt of Proper Instructions from the applicable BTC BFA Recipient on behalf of the applicable Portfolio. 7.2 Domestic securities held by State Street (other than bearer securities) will be registered in the name of the Portfolio or in the name of any nominee of the applicable BTC BFA Recipient on behalf of the applicable Portfolio or of any nominee of State Street which nominee will be assigned exclusively to a Portfolio, unless such BTC BFA Recipient has authorized in writing the appointment of a nominee to be used in common with other registered investment companies having the same investment advisor as the Portfolio, or in the name or nominee name of any agent or in the name or nominee name of any sub-State Street that is properly appointed. All securities accepted by State Street on behalf of the Portfolio under the terms of this Service Module will be in “street name” or other good delivery form.

Segregation and Registration. 7.1 State Street will will, upon receipt of Proper Instructions on behalf of each the applicable Portfolio BTC Recipient, establish and maintain a segregated account or accounts for and on behalf of each such PortfolioBTC Recipient, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by State Street: (a) in accordance with the provisions of any agreement among the applicable BTC Recipient on behalf of a PortfolioRecipient, State Street and a broker-dealer registered under the Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the PortfolioBTC Recipient; (b) for purposes of segregating U.S. cash, U.S. Government securities, or other U.S. securities in connection with swaps or other transactions by a Portfolio such BTC Recipient related to an ISDA Master Agreement; (c) for purposes of segregating U.S. cash or U.S. Government securities in connection with options purchased, sold or written by the Portfolio BTC Recipient or commodity futures contracts or options thereon purchased or sold by the Portfoliosuch BTC Recipient; (d) for the purposes of achieving the equivalent of compliance by the Portfolio such BTC Recipient with the procedures required by 1940 Act Release No. 10666, or any subsequent release of the SEC, or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by registered investment companies; and (e) for any other purpose upon receipt of Proper Instructions from the applicable BTC Recipient or on behalf of the applicable Portfoliosuch BTC Recipient. 7.2 Domestic securities held by State Street (other than bearer securities) will be registered in the name of the Portfolio applicable BTC Recipient or in the name of any nominee of the applicable BTC Recipient on behalf of the applicable Portfolio or of any nominee of State Street which nominee will be assigned exclusively to a PortfolioBTC Recipient, unless such BTC Recipient has authorized in writing the appointment of a nominee to be used in common with other registered investment companies entities having the same investment commodity trading advisor or other advisor as the Portfoliosuch BTC Recipient, or in the name or nominee name of any agent or in the name or nominee name of any sub-delegee of State Street that is properly appointed. All securities accepted by State Street on behalf of the Portfolio a BTC Recipient under the terms of this Service Module will be in “street name” or other good delivery form.

Segregation and Registration. 7.1 State Street will will, upon receipt of Proper Instructions on behalf of each applicable Portfolio the BTC Recipient, establish and maintain a segregated account or accounts for and on behalf of each such Portfoliothe BTC Recipient, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by State Street: (a) in accordance with the provisions of any agreement among the applicable BTC Recipient on behalf of a PortfolioRecipient, State Street and a broker-dealer registered under the Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the PortfolioBTC Recipient; (b) for purposes of segregating U.S. cash, U.S. Government securities, or other U.S. securities in connection with swaps or other transactions by a Portfolio the BTC Recipient related to an ISDA Master Agreement; (c) for purposes of segregating U.S. cash or U.S. Government securities in connection with options purchased, sold or written by the Portfolio BTC Recipient or commodity futures contracts or options thereon purchased or sold by the PortfolioBTC Recipient; (d) for the purposes of achieving the equivalent of compliance by the Portfolio BTC Recipient with the procedures required by 1940 Act Release No. 10666, or any subsequent release of the SEC, or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by registered investment companies; and (e) for any other purpose upon receipt of Proper Instructions from the applicable BTC Recipient or on behalf of the applicable PortfolioBTC Recipient. 7.2 Domestic securities held by State Street (other than bearer securities) will be registered in the name of the Portfolio BTC Recipient or in the name of any nominee of the applicable BTC Recipient on behalf of the applicable Portfolio or of any nominee of State Street which nominee will be assigned exclusively to a Portfoliothe BTC Recipient, unless such the BTC Recipient has authorized in writing the appointment of a nominee to be used in common with other registered investment companies entities having the same investment commodity trading advisor or other advisor as the PortfolioBTC Recipient, or in the name or nominee name of any agent or in the name or nominee name of any sub-delegee of State Street that is properly appointed. All securities accepted by State Street on behalf of the Portfolio BTC Recipient under the terms of this Service Module will be in “street name” or other good delivery form.

Segregation and Registration. 7.1 State Street will upon receipt of Proper Instructions on behalf of each applicable Portfolio establish and maintain a segregated account or accounts for and on behalf of each such Portfolio, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by State Street: (a) in accordance with the provisions of any agreement among the applicable BTC BGI Recipient on behalf of a Portfolio, State Street and a broker-dealer registered under the Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Portfolio; (b) for purposes of segregating U.S. cash, U.S. Government securities, or other U.S. securities in connection with swaps or other transactions by a Portfolio related to an ISDA Master Agreement; (c) for purposes of segregating U.S. cash or U.S. Government securities in connection with options purchased, sold or written by the Portfolio or commodity futures contracts or options thereon purchased or sold by the Portfolio; (d) for the purposes of compliance by the Portfolio with the procedures required by 1940 Act Release No. 10666, or any subsequent release of the SEC, or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by registered investment companies; and (e) for any other purpose upon receipt of Proper Instructions from the applicable BTC BGI Recipient on behalf of the applicable Portfolio. 7.2 Domestic securities held by State Street (other than bearer securities) will be registered in the name of the Portfolio or in the name of any nominee of the applicable BTC BGI Recipient on behalf of the applicable Portfolio or of any nominee of State Street which nominee will be assigned exclusively to a Portfolio, unless such BTC BGI Recipient has authorized in writing the appointment of a nominee to be used in common with other registered investment companies having the same investment advisor as the Portfolio, or in the name or nominee name of any agent or in the name or nominee name of any sub-State Street that is properly appointed. All securities accepted by State Street on behalf of the Portfolio under the terms of this Service Module will be in “"street name” " or other good delivery form.