Sweep and Float Clause Samples

Sweep and Float. Cash may be swept as directed by the Fund or its investment manager to investment vehicles offered by the Custodian or to other investment vehicles. Cash may be uninvested when it is received or reconciled to an Account after the deadline to be swept into a target vehicle, or when held for short periods of time related to transaction settlements. The Fund acknowledges that the Custodian’s compensation includes (i) the interest earned by the Custodian on cash balances in Accounts, less the Earnings Credits received and applied by the Fund pursuant to Section 8.6, and (ii) interest earned by the Custodian on other cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as disclosed in the Custodian’s float policy.

Sweep and Float. Cash may be swept as directed by a Fund or its investment adviser to investment vehicles offered by the Custodian or to other investment vehicles. Cash may be uninvested when it is received or reconciled to an Account after the deadline to be swept into a target vehicle, or when held for short periods of time related to transaction settlements. Each Fund acknowledges that, as part of the Custodian’s compensation, the Custodian will earn interest on cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as provided in the Custodian’s indirect compensation disclosures.

Sweep and Float. Cash, including cash on deposit with a Foreign Custodian, may be swept as directed by the Fund or its investment manager to investment vehicles offered by the Custodian or to other investment vehicles. Cash may be uninvested when it is received or reconciled to an Account after the deadline to be swept into a target vehicle, or when held for short periods of time related to transaction settlements. The Fund acknowledges that the Custodian’s compensation includes (i) the interest earned by the Custodian on cash balances in Accounts, less (x) the Earnings Credits received and applied by the Fund pursuant to Section 8.6, in the case of U.S. dollar balances or (y) interest paid the Fund in the case of foreign currency balances and (ii) interest earned by the Custodian on other cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as disclosed in the Custodian’s float policy. The Fund also acknowledges that the Custodian’s compensation may include negative interest charged the Fund, as set forth in the Custodian’s negative interest rate disclosure, on balances held on deposit with the Custodian in certain currencies for which the local short term interest rate has become negative.”

Sweep and Float. Cash may be swept as directed by the Fund or its investment manager to investment vehicles offered by the Custodian or to other investment vehicles. Cash may be uninvested when it is received or reconciled to an Account after the deadline to be swept into a target vehicle, or when held for short periods of time related to transaction settlements. The Fund acknowledges that, as part of the Custodian’s compensation, the Custodian will earn interest on cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as set forth in Schedule II.

Sweep and Float. Cash may be swept as directed by the Fund or its investment adviser, including any Series' respective investment sub-adviser, if any, to investment vehicles offered by the Custodian or to other investment vehicles. Cash may be uninvested when it is received or reconciled to an Account after the deadline, which will be provided by the Custodian, to be swept into a target vehicle, or when held for short periods of time related to transaction settlements. The Fund acknowledges that, as part of the Custodian's compensation, the Custodian will earn interest on cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as provided in the Custodian's indirect compensation disclosures.

Sweep and Float. Customer may, from time to time, provide to Custodian the Sweep Direction. Upon receipt of the Sweep Direction, and after having a reasonable amount of time to implement and process the instruction, Custodian shall automatically invest all of the cash on deposit in or credited to the applicable Customer’s Account in the Sweep Investment selected by such Customer. Any and all shares of and any earnings on the Sweep Investment purchased pursuant to the Sweep Direction shall be maintained in or credited to the applicable Customer’s Account (subject to the terms and conditions of this Agreement and Sweep Direction). Each Customer acknowledges that a Sweep Investment may be offered by a BNY Mellon Affiliate or by a client of the Custodian and Custodian may receive compensation therefrom. The Customer acknowledges that, as part of the Custodian’s compensation, the Custodian will earn interest on cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as provided in the Custodian’s indirect compensation disclosures. Each Customer agrees to furnish to Custodian the Sweep Direction and, in the event of any change to the Sweep Direction including, without limitation, the Sweep Investment selected by Customer, Custodian shall be fully protected in acting in accordance with the then effective Sweep Direction until such new Sweep Direction is received and implemented. With respect to the Sweep Direction and Sweep Investment, Custodian shall have no liability for any loss incurred on any such investments. Each Customer acknowledges and agrees, the Custodian shall have no obligation, responsibility or duty to provide investment advice to Customer in respect of the Sweep Direction and selection of the Sweep Investment. The Customer acknowledges that, as part of the Custodian’s compensation, the Custodian will earn interest on cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as disclosed in the Custodian’s float policy.