Common use of Use of Book-Entry System Clause in Contracts

Use of Book-Entry System. The Customer shall deliver to the Bank a certified resolution of the Board of Trustees of the Customer approving, authorizing and instructing the Bank on a continuous and on-going basis until instructed to the contrary by Instructions actually received by the Bank (i) to deposit in the Book-Entry System (defined below) all securities of the Customer eligible for deposit therein and (ii) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Customer, and deliveries and returns of securities collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of the Customer deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank and its Subcustodians will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructed. (b) All books and records maintained by the Bank which relate to the Customer's participation in the Book-Entry System will at all times during the Bank's regular business hours be open to the inspection of the Customer's duly authorized employees or agents and the Customer will be furnished with information in respect of the services rendered to it as it may reasonably require. (c) The Bank will provide the customer with copies of any report obtained by the Bank on the System of internal accounting control of the Book-Entry System as soon as practicable after receipt of such a report by the Bank. The Bank will also provide the Customer with such reports on its own system of internal control as the Customer may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.

Use of Book-Entry System. The Customer Company shall deliver to the Bank a LTCB certified resolution resolutions of the Board of Trustees Directors of the Customer Company approving, authorizing and instructing the Bank LTCB on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank LTCB (ia) to deposit in the Book-Entry System (defined below) all securities of belonging to the Customer Company eligible for deposit therein and (iib) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerCompany, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of the Customer Company deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank LTCB in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank LTCB and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (b) All books and records maintained by the Bank LTCB which relate to the CustomerCompany's participation in the Book-Entry System system will at all times during the BankLTCB's regular business hours be open to the inspection of the CustomerCompany's duly authorized employees or agents agents, and the Customer Company will be furnished with all information in respect of the services rendered to it as it may reasonably require. (c) The Bank LTCB will provide the customer Company with copies of any report obtained by the Bank LTCB on the System system of internal accounting control of the Book-Entry System as soon as practicable promptly after receipt of such a report by the BankLTCB. The Bank LTCB will also provide the Customer Company with such reports on its own system of internal control as the Customer Company may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Custodian certified resolution resolutions of the Fund's Board of Trustees of the Customer approving, authorizing and instructing the Bank Custodian on a continuous and on-going basis until instructed to the contrary by Instructions actually received by the Bank (i) basis, to deposit in the Book-Entry System (defined below) all securities of the Customer belonging to a Portfolio eligible for deposit therein and (ii) to utilize the Book-Book- Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerPortfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting The Custodian shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the generality of such useBook-Entry System properly, it is agreed that the following provisions shall apply theretoapply: (ai) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of the Custodian shall identify by Book-Entry or otherwise those securities belonging to each Portfolio. The Custodian shall furnish the Fund a detailed statement of the Property held for each Portfolio under this Agreement at least monthly and from time to time and upon written request. (ii) Securities and any cash of the Customer each Portfolio deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Custodian in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Custodian and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (biii) All books and records maintained by the Bank Custodian which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankCustodian's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents agents, and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (civ) The Bank Custodian will provide the customer Fund with copies of any report obtained by the Bank Custodian on the System system of internal accounting control of the Book-Entry System as soon as practicable promptly after receipt of such a report by the BankCustodian. The Bank Custodian will also provide the Customer Fund with such reports on its own system of internal control as the Customer Fund may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Provident certified resolution resolutions of the Board of Trustees Directors of the Customer Fund approving, authorizing and instructing the Bank Provident on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank Provident (ia) to deposit in the Book-Entry System (defined below) all securities of belonging to the Customer Covered Portfolios eligible for deposit therein and (iib) to utilize the Book-Book- Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerCovered Portfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of the Customer Covered Portfolios deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Provident and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (b) All books and records maintained by the Bank Provident which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankProvident's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents employees, designees and agents, and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (c) The Bank Provident will provide the customer Fund with copies of any report obtained by the Bank Provident on the System system of internal accounting control of the Book-Book- Entry System as soon as practicable promptly after receipt of such a report by the BankProvident. The Bank Provident will also provide the Customer Fund with such reports on its own system of internal control as the Customer Fund may reasonably request from time to time. (d) As used In the event that any securities transaction for a Covered Portfolio fails to settle in this Agreementaccordance with Instructions received by Provident, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States Provident shall promptly so notify PFPC and federal agency securities, Provident shall use its successor best efforts to settle or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered cause to be settled 8uch transactions in accordance with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trusteessuch Instructions.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Provident certified resolution resolutions of the Board of Trustees Directors of the Customer Fund approving, authorizing and instructing the Bank Provident on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank Provident (ia) to deposit in the Book-Entry System (defined below) all securities belonging to each portfolio of the Customer Fund eligible for deposit therein and (iib) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by each portfolio of the CustomerFund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of a portfolio of the Customer Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Provident and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (b) All books and records maintained by the Bank Provident which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankProvident's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents agents, and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (c) The Bank Provident will provide the customer Fund with copies of any report obtained by the Bank Provident on the System system of internal accounting control of the Book-Entry System as soon as practicable promptly after receipt of such a report by the BankProvident. The Bank Provident will also provide the Customer Fund with such reports on its own system of internal control as the Customer Fund may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Mercantile certified resolution resolutions of the Board of Trustees Directors of the Customer Fund approving, authorizing and instructing the Bank Mercantile on a continuous and on-going basis until instructed to the contrary by Instructions Oral or Written instructions actually received by the Bank Mercantile (i) to deposit in the Book-Entry System (defined below) all securities of the Customer Fund eligible for deposit therein and (ii) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerFund, and deliveries and returns of securities collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of the Customer Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Mercantile in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Mercantile and its Subcustodians sub-custodian(s), if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (b) All books and records maintained by the Bank Mercantile which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankMercantile's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (c) The Bank Mercantile will provide the customer Fund with copies of any report obtained by the Bank Mercantile on the System system of internal accounting control of the Book-Entry System as soon as practicable within ten days after receipt of such a report by the BankMercantile. The Bank Mercantile will also provide the Customer Fund with such reports on its own system of internal control at least annually and as the Customer Fund may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC time pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of TrusteesParagraph 6 hereunder.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Provident certified resolution resolutions of the Fund's Governing Board of Trustees of the Customer approving, authorizing and instructing the Bank Provident on a continuous and on-going basis until instructed to the contrary by Instructions actually received by the Bank (i) basis, to deposit in the Book-Entry System (defined below) all securities of the Customer belonging to each Portfolio eligible for deposit therein and (ii) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerFund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting Provident shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the generality of such useBook-Entry System properly, it is agreed that the following provisions shall apply theretoapply: (ai) With respect to securities of a Portfolio which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of Provident shall identify by Book-Entry or otherwise those securities belonging to a Portfolio. Provident shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request. (ii) Securities and any cash of the Customer a Portfolio deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Provident and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructed.out (biii) All books and records maintained by the Bank Provident which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankProvident's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents agents, and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (civ) The Bank Provident will provide the customer Fund with copies of any report obtained by the Bank Provident on the System system of internal accounting control of the Book-Entry System as soon as practicable promptly after receipt of such a report by the BankProvident. The Bank Provident will also provide the Customer Fund with such reports on its own system of internal control as the Customer Fund may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.

Use of Book-Entry System. The Customer Fund shall deliver to the Bank a Provident certified resolution resolutions of the Board of Trustees Directors of the Customer Fund approving, authorizing and instructing the Bank Provident on a continuous and on-going basis until instructed to the contrary by Instructions Oral or Written actually received by the Bank Provident (ia) to deposit in the Book-Entry System (defined below) all securities of belonging to the Customer Fund eligible for deposit therein and (iib) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the CustomerFund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto: (a) Securities and any cash of the Customer Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank Provident and its Subcustodians sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructedmoney. (b) All books and records maintained by the Bank Provident which relate to the CustomerFund's participation in the Book-Entry System will at all times during the BankProvident's regular business hours be open to the inspection of the CustomerFund's duly authorized employees or agents agents, and the Customer Fund will be furnished with all information in respect of the services rendered to it as it may reasonably require. (c) The Bank Provident will provide the customer Fund with copies of any report obtained by the Bank Provident on the System system of internal accounting control of the Book-Entry System as soon as practicable promptly after receipt of such a report by the BankProvident. The Bank Provident will also provide the Customer Fund with such reports on its own system of internal control as the Customer Fund may reasonably request from time to time. (d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.