Common use of Administrative Accounts Clause in Contracts

Administrative Accounts. In connection with the services provided hereunder, theCustodian is hereby directed to open cash accounts on its books and records from time to time forthe purposes of receiving subscriptions and/or processing redemptions on behalf of the Trust,and/or for the purposes of aggregating, netting and/or clearing transactions (including, withoutlimitation foreign exchange, repurchase agreements, capital stock activity, expense payment) orother administrative purposes, each on behalf of the Trust. Each such account shall be subject tothe terms and conditions of this Agreement and the Trust shall be liable for the satisfaction of itsown obligations in connection with each such account.

Administrative Accounts. In connection with the services provided hereunder, theCustodian the Custodian is hereby directed to open cash accounts on its books and records with a Sub-Custodian from time to time forthe for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Trust,, and/or for the purposes of aggregating, netting and/or clearing transactions (including, withoutlimitation without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) orother or other administrative purposes, each on behalf of the Trust. Each such account shall be subject tothe to the terms and conditions of this Agreement and the Trust shall be liable for the satisfaction of itsown its own obligations in connection with each such account.