Common use of Transactions Subject to Fund/SERV and Networking Clause in Contracts

Transactions Subject to Fund/SERV and Networking. (a) On each business day that the New York Stock Exchange is open for business on which the Portfolios determine their per share net asset values (each, a "Business Day"), MFD or its designee shall accept, and effect changes in its records upon receipt of, purchase, redemption, exchange, and registration instructions from the Company electronically through Fund/SERV without supporting documentation. (b) Each party hereby agrees to participate in Networking with the other party pursuant to a mutually agreeable matrix or trust level established by the NSCC, in accordance with the terms and conditions of the Standard or Trust Networking Agreement, as applicable, as filed with the NSCC (the "Standard Networking Agreement"), as amended by this Supplement. In the event of any conflict between the terms of the Standard Networking Agreement and the terms of this Supplement, the terms of this Supplement shall govern. (c) In the event that any party is unable to communicate process or settle Share transactions via Fund/SERV or Networking, the original provisions contained in the Agreement regarding process or settlement of Share transactions shall apply. At any time, any party to this Agreement may send written notice to the other parties that it chooses to end the use of the NSCC Fund/SERV and Networking systems and return to manual handling of share transactions.