Common use of Use of Term Clause in Contracts

Use of Term. FUND"; ASSETS AND LIABILITIES ------------------------------------------ All references in this Article 4 or in Article 3 of this Agreement to "Fund" shall mean any Fund, or a Portfolio of any Fund, as the context requires or as applicable. The Custodian shall maintain separate and distinct records for each Portfolio and the assets allocated solely with such Portfolio shall be held and accounted for separately from the assets of each Fund associated solely with any other Portfolio. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Portfolio shall be enforceable against the assets of such Portfolio only, and not against the assets of any Fund generally or the assets of any other Portfolio.