Common use of Use of Book-Entry System for Commercial Paper Clause in Contracts

Use of Book-Entry System for Commercial Paper. Provided (i) the Bank has received a certified copy of a resolution of the Trustees of the Trust specifically approving participation in a system maintained by the Bank for the holding of commercial paper in book-entry form (“Book Entry Paper”) and (ii) for each year following such approval the Trustees of the Trust have received and approved the arrangements, upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer (as defined below) that the Trust has purchased such Issuer’s Book Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the Trust, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the “Issuers”). In maintaining its Book Entry Paper System, the Bank agrees that:

Use of Book-Entry System for Commercial Paper. Provided (i) the Bank --------------------------------------------- has received a certified copy of a resolution of the Trustees of the Trust Board specifically approving participation in a system maintained by the Bank for the holding of commercial paper in book-entry form (“Book "Book-Entry Paper”") and (ii) for each year following such approval the Trustees of the Trust have received and approved Board has reapproved the arrangements, the Bank, upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer "Issuer" (as defined below) that the Trust has purchased such Issuer’s Book 's Book-Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the TrustTrust and each of its Funds, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the “"Issuers”"). In maintaining its Book procedures for Book-Entry Paper SystemPaper, the Bank agrees that:

Use of Book-Entry System for Commercial Paper. Provided (i) the Bank has received a certified copy of a resolution of the Trustees of the Trust specifically approving participation in a system maintained by the Bank for the holding of commercial paper in book-entry form (“"Book Entry Paper”") and (ii) for each year following such approval the Trustees of the Trust have received and approved the arrangements, upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer (as defined below) that the Trust has purchased such Issuer’s 's Book Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the Trust, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the “"Issuers”"). In maintaining its Book Entry Paper System, the Bank agrees that:

Use of Book-Entry System for Commercial Paper. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board of Trustees of the Trust specifically approving participation in a system maintained by the Bank for the holding of commercial paper in book-entry form (“"Book Entry Paper”") and (ii) for each year following such approval the Board of Trustees of the Trust have Fund has received and approved the arrangements, upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer (as defined below) that the Trust Fund has purchased such Issuer’s 's Book Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the TrustFund, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the “"Issuers”"). In maintaining its Book Entry Paper System, the Bank agrees that: