Common use of Whenever a Futures Clause in Contracts

Whenever a Futures. Contract held by the Custodian hereunder is retained by the Fund until delivery or settlement is made on such Futures Contract, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certifi- cate specifying: (a) the Futures Contract and the Series to which the same relates; (b) with respect to a Stock Index Fu- tures Contract, the total cash settlement amount to be paid or received, and with respect to a Financial Futures Contract, the Securities and/or amount of cash to be delivered or re- ceived; (c) the broker, dealer, or futures commission merchant to or from whom payment or delivery is to be made or received; and (d) the amount of cash and/or Securities to be withdrawn from the Senior Security Account for such Series. The Custo- ▇▇▇▇ shall make the payment or delivery specified in the Cer- tificate, and delete such Futures Contract from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein.

Whenever a Futures. Contract held by the Custodian hereunder is retained by the Fund until delivery or settlement is made on such Futures Contract, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certifi- cate specifying: (a) the Futures Contract and the Series to which the same relates; (b) with respect to a Stock Index Fu- tures Contract, the total cash settlement amount to be paid or received, and with respect to a Financial Futures Contract, the Securities and/or amount of cash to be delivered or re- ceived; (c) the broker, dealer, or futures commission merchant to or from whom payment or delivery is to be made or received; and (d) the amount of cash and/or Securities to be withdrawn from the Senior Security Account for such Series. The Custo- ▇▇▇▇ dian shall make the payment or delivery specified in the Cer- tificate, and delete such Futures Contract from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein.

Whenever a Futures. Contract held by the Custodian hereunder is retained by the Fund until delivery or settlement is made on such Futures Contract, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certifi- cate specifying: (a) the Futures Contract and the Series to which the same relates; (b) with respect to a Stock Index Fu- tures Contract, the total cash settlement amount to be paid or received, and with respect to a Financial Futures Contract, - 17 - the Securities and/or amount of cash to be delivered or re- ceived; (c) the broker, dealer, or futures commission merchant to or from whom payment or delivery is to be made or received; and (d) the amount of cash and/or Securities to be withdrawn from the Senior Security Account for such Series. The Custo- ▇▇▇▇ shall make the payment or delivery specified in the Cer- tificate, and delete such Futures Contract from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein.

Whenever a Futures. Contract held by the Custodian hereunder is retained by the Fund until delivery or settlement is made on such Futures Contract, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certifi- cate specifying: (a) the Futures Contract and the Series to which the same relates; (b) with respect to a Stock Index Fu- tures Contract, the total cash settlement amount to be paid or received, and with respect to a Financial Futures Contract, the Securities and/or amount of cash to be delivered or re- ceivedreceived; (c) the broker, dealer, or futures commission merchant to or from whom payment or delivery is to be made or received; and (d) the amount of cash and/or Securities to be withdrawn from the Senior Security Account for such Series. The Custo- ▇▇▇▇ Custodian shall make the payment or delivery specified in the Cer- tificateCertificate, and delete such Futures Contract from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein.

Whenever a Futures. Contract held by the Custodian hereunder is retained by the Fund until delivery or settlement is made on such Futures Contract, the Fund shall deliver or cause the Administrator to deliver to the Custodian a Certifi- cate specifying: (a) the Futures Contract and the Series to which the same relates; (b) with respect to a Stock Index Fu- tures Contract, the total cash settlement amount to be paid or received, and with respect to a Financial Futures Contract, the Securities and/or amount of cash to be delivered or re- ceived; (c) the broker, dealer, or futures commission merchant to or from whom payment or delivery is to be made or received; and (d) the amount of cash and/or Securities to be withdrawn from the Senior Security Account for such Series. The Custo- ▇▇▇▇ dian shall make the payment or delivery del▇▇▇▇y specified in the Cer- tificate, and delete such Futures Contract from the statements delivered to the Fund pursuant to paragraph 3 of Article III herein.