Common use of Whenever the Fund Clause in Contracts

Whenever the Fund. shall enter into a Futures Con- tract to offset a Futures Contract held by the Custodian here- under, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certificate specifying: (a) the items of information required in a Certificate described in paragraph 1 of this Article, and (b) the Futures Contract be- ing offset. The Custodian shall make payment out of the money specifically allocated to such Series of the fee or commis- sion, if any, specified in the Certificate and delete the Fu- tures Contract being offset from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein, and make such withdrawals from the Senior Security Account for such Series as may be specified in such Certificate. The withdrawals, if any, to be made from the Margin Account shall be made by the Custodian in accordance with the terms and con- ditions of the Margin Account Agreement.

Whenever the Fund. shall enter into a Futures Con- tract to offset a Futures Contract held by the Custodian here- under, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certificate specifying: (a) the items of information required in a Certificate described in paragraph 1 of this Article, and (b) the Futures Contract be- ing offset. The Custodian shall make payment out of the money specifically allocated to such Series of the fee or commis- sion, if any, specified in the Certificate and delete the Fu- tures Contract being offset from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein, and make such withdrawals from the Senior Security Account for such Series as may be specified in such Certificate. The withdrawalswith- drawals, if any, to be made from the Margin Account shall be made by the Custodian in accordance with the terms and con- ditions condi- tions of the Margin Account Agreement.