Common use of Transactions Not Requiring Instructions Clause in Contracts

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank is authorized to take the following actions: (i) Collection of Income and Other Payments. (A) collect and receive for the account of the Fund, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund of such receipt and credit such income, as collected, to the Fund's custodian account; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund held by PNC Bank hereunder; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In Notwithstanding anything in this Agreement requiring instructions in order to take a particular action, in the absence of a contrary Written InstructionsInstruction, PNC Bank PFPC Trust is authorized to take the following actions: actions without the need for instructions: (i) Collection of Income income and Other Payments.other payments. --------------------------------------- (A) collect and receive for the account of the Fundeach Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund each Portfolio of such receipt and credit such income, as collected, income to the Fundeach Portfolio's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund each Portfolio all securities received as a distribution on the FundPortfolio's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund a Portfolio and held by PNC Bank PFPC Trust hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank is authorized to take the following actions: : (i) Collection of Income and Other other Payments. (A) collect and receive for the account of the Fundeach Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund each Portfolio of such receipt and credit such income, as collected, to the Fundeach Portfolio's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund each Portfolio all securities received as a distribution on the FundPortfolio's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund a Portfolio and held by PNC Bank hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank is authorized to take the following actions: (i) Collection of Income and Other Payments. (A) collect and receive for the account of the Fund, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund of such receipt and credit such income, as collected, to the Fund's custodian account; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund held by PNC Bank hereunder; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.and

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank PFPC Trust is authorized to take the following actions: : (i) Collection of Income and Other Payments. (A) collect and receive for the account of the Fundeach Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund each Portfolio of such receipt and credit such income, as collected, to the Fundeach Portfolio's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund each Portfolio all securities received as a distribution on the FundPortfolio's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund a Portfolio and held by PNC Bank PFPC Trust hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be be, on a mandatory basis, called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank is authorized to take the following actions: : (i) Collection of Income and Other other Payments. (A) collect and receive for the account of the Fund, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund of such receipt and credit such income, as collected, to the Fund's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund and held by PNC Bank hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank PFPC Trust is authorized to take the following actions: : (i) Collection of Income and Other Payments. (A) collect and receive for the account of the Fund, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund of such receipt and credit such income, as collected, income to the Fund's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund and held by PNC Bank PFPC Trust hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

Transactions Not Requiring Instructions. In the absence of contrary Written Instructions, PNC Bank is authorized to take the following actions: : (i) Collection of Income and Other Payments. (A) collect and receive for the account of the Fund, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise the Fund of such receipt and credit such income, as collected, to the Fund's custodian account; ; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; ; (C) receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio securities as a result of a stock dividend, share split-split- up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund held by PNC Bank hereunder; ; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, or retired, or otherwise become payable on the date such securities become payable; and and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.