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

Use of Book-Entry System. The Fund shall deliver to Bank ------------------------ certified resolutions of the Board of Trustees of the Fund approving, authorizing and instructing Bank on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by Bank (a) to deposit in the Book-Entry System all securities belonging to each portfolio of the Fund eligible for deposit therein and (b) 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 Fund, 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 Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by Bank in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. Bank and its sub- custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money. (b) All books and records maintained by Bank which relate to the Fund's participation in the Book-Entry, System will at all times during Bank's regular business hours be open to the inspection of the Fund's duly authorized employees or agents, and the Fund will be furnished with all information in respect of the services rendered to it as it may require. (c) Bank will provide the Fund with copies of any report obtained by Bank on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by Bank. Bank will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.

Use of Book-Entry System. The Fund Company shall deliver to the Bank ------------------------ certified resolutions of the Board of Trustees Directors of the Fund Company approving, authorizing and instructing the Bank on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank (a) to deposit in the Book-Entry System all securities belonging to each portfolio of the Fund Funds and eligible for deposit therein and (b) to utilize use the Book- Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by each portfolio of the Fund, 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 Fund Funds 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. Bank and its sub- custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money. (b) All books and records maintained by the Bank which relate to the Fund's Funds' participation in the Book-Entry, Entry System will at all times during the Bank's regular business hours be open to the inspection of the FundCompany's duly authorized employees or agents, and the Fund Company will be furnished with all information in respect of the services rendered to it as it may require. (c) The Bank will provide the Fund Company with copies of any report obtained by the Bank on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by the Bank. The Bank will also provide the Fund Company with such reports on its own system of internal control as the Fund Company may reasonably request from time to time.

Use of Book-Entry System. The Fund shall deliver to Bank ------------------------ Bessemer certified resolutions of the Board of Trustees of the Fund approving, authorizing and instructing Bank Bessemer on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by Bank Bessemer (a) to deposit in the Book-Entry System all securities belonging to each portfolio of the Fund eligible for deposit therein and (b) to utilize the Book- Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by each portfolio of the Fund, 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 Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by Bank Bessemer in other than that a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. Bank and its sub- custodian, if any, Bessemer will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money. (b) All books and records maintained by Bank Bessemer which relate to the Fund's ’s participation in the Book-Entry, Entry System will at all times during Bank's Bessemer’s regular business hours be open to the inspection of the Fund's ’s duly authorized employees or agents, and the Fund Funds will be furnished with all information in respect of the services rendered to it as it may require. (c) Bank Bessemer will provide the Fund with copies of any report obtained by Bank Bessemer on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by BankBessemer. Bank Bessemer will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.

Use of Book-Entry System. The Fund shall deliver to the Bank ------------------------ certified resolutions of the Board of Trustees of the Fund approving, authorizing and instructing the Bank on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank (a) to deposit in the Book-Entry System all securities belonging to each portfolio of the Fund eligible for deposit therein and (b) to utilize use the Book- Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by each portfolio of the Fund, 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 Fund 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. Bank and its sub- custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money. (b) All books and records maintained by the Bank which relate to the Fund's participation in the Book-Entry, Entry System will at all times during the Bank's regular business hours be open to the inspection of the Fund's duly authorized employees or agents, and the Fund will be furnished with all information in respect of the services rendered to it as it may require. (c) The Bank will provide the Fund with copies of any report obtained by the Bank on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by the Bank. The Bank will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.

Use of Book-Entry System. The Fund shall deliver to Bank ------------------------ Provident certified resolutions of the Board of Trustees Directors of the Fund approving, authorizing and instructing Bank Provident on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by Bank Provident (a) to deposit in the Book-Entry System all securities belonging to each portfolio of the Fund eligible for deposit therein and (b) to utilize the Book- Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by each portfolio of the Fund, 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 Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by Bank Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. Bank Provident and its sub- sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money. (b) All books and records maintained by Bank Provident which relate to the Fund's participation in the Book-Entry, Entry System will at all times during BankProvident's regular business hours be open to the inspection of the Fund's duly authorized employees or agents, and the Fund will be furnished with all information in respect of the services rendered to it as it may require. (c) Bank Provident will provide the Fund with copies of any report obtained by Bank Provident on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by BankProvident. Bank Provident will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.