Common use of Trustee Reimbursement; Foreign Exchange Settlement Clause in Contracts

Trustee Reimbursement; Foreign Exchange Settlement. If the Trustee advances cash or securities for any purpose authorized under this Agreement, or in the event that the Trusteeshall incur or be assessed taxes, interest, charges, expenses, assessments, or other liabilities in connection with the performance of this Agreement, except such as may arise from its own negligent action, negligent failure to act or willful misconduct, any property at any time held for the Trust or under this Agreement shall be security therefor and the Trustee shall be entitled to collect from such property sufficient cash for reimbursement, and if such cash is insufficient, dispose of the assets of the Fund held under this Agreement to the extent necessary to obtain reimbursement. To the extent the Trustee advances funds to the Trust for disbursements or to effectthe settlement of purchase transactions, the Trustee shall be entitled to collect from the Trust reasonable charges established under the Trustee's standard overdraft terms, conditions and procedures. The Trustee may settle transactions for foreign exchange or foreign exchange contracts.

Trustee Reimbursement; Foreign Exchange Settlement. If the Trustee advances cash or securities for any purpose authorized under this Agreement, or in the event that the Trusteeshall Trustee shall incur or be assessed taxes, interest, charges, expenses, assessments, or other liabilities in connection with the performance of this Agreement, except such as may arise from its own negligent action, negligent failure to act or willful misconduct, any property at any time held for the Trust or under this Agreement shall be security therefor and the Trustee shall be entitled to collect from such property sufficient cash for reimbursement, and if such cash is insufficient, dispose of the assets of the Fund held under this Agreement to the extent necessary to obtain reimbursement. To the extent the Trustee advances funds to the Trust for disbursements or to effectthe effect the settlement of purchase transactions, the Trustee shall be entitled to collect from the Trust reasonable charges established under the Trustee's standard overdraft terms, conditions and procedures. The Trustee may settle transactions for foreign exchange or foreign exchange contracts.