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HomeMy WebLinkAbout0977 l tilFl)It\1 ('U:'I•.\:\\lti. B~~iru~.:r :~ml I.rn~lrr iu~~•n:~nt :in~l .~,~rr.• lull~~~~. i. 1'u~ment ~,f f'rincipul uud inttr~+t; 1'rcpu~ment and I.:~t~ ('h.~r};e~,.~H~rri;~yrr .h:~if ~~r~~ni~t~' ~~ihn Ju.• ihr ~u~n~~~~.~1 ~~I :inJ inirr~•.t ~~n ttt~ Jrht i~lkni«i h~ th~• \~~t~~ anJ an~ prrpa~ uirnl an~l latr :har_r, .lur unJ.•r Ihr \~~Ir. 2. 1~'und~ f~+r'I~~~e+aud L»urunce. Suh~r~t tu;~ppii:ahl~ la~~ ~~r t~~:i ~~rUtrn ~~ai~~r h~ l.rn~irr. k;urr„~~~•r .hall ~~a~ t~~ Lrn~lri ih~ ~t.~~ inunthl) pa~m~nt. ar~ Jur unilrr th~ \utr. until ~h~ \~,t.• i, ~~ai~! in tull. :i .um 1"I~unJ."? ryu:~l tu ~~~~~-~~~rllth ul ~:i~ ~~:ul~ ta~r. an~ a..~•..m~nt. ~~hi:h ma~ auain priur~l~ t~~rr ~hi> S.~urit~ In,trum~nt: Ihl )rarl~ (~:~,~hul~l ~,a~ni~ni. ur ~ruun~i rrnt, ~~n tl~~ 1'n~p~rt~. ii am: 1~•? ~r;:rl~ li,var~l imuran~r ~rrnuuui.; arni t~l? ~.ari~ murtza~~~ in.urai:i~ ~~r~iniuim. it a:~~. Iiir,r it~iu. .ur :allr:l ru~~ it~m.." l.rn~lrr n~:i~ ~.tiniatc th~ I~un.l..lur ~~u thr ha.i, ul rurrrnl ~t:ita :iml r~::.,,:~c:hlc r.n~n:it~~, ut ti~turr c•.~ ru~~ uriu,. fhr i=un~t. .h:?tl hr t?~~I~t in an in.titutt~~n ?h~• ~I.~~~u.i~. ~rr cc~'ii~unt, ~~t hirit an~ ii~,urril ~~r ;~uaranRi~l h~ a Ir~irral ~~r ,?at~ a;~~ ni ~ i~n~ iu~lin,~ l-~•n~l~•r it l.rn~lrr i~ .uih an in.tnuuun?. LcnJ.~r ,hall a~pl~ ~h~ f~un~l. t~~ ~~a~ th~ r.: ru~r itrm.. Lrmtrr m:i~ nut rh:ir~_r tur h~~1Jin,~ :~nJ a~~~l~in~ th~ Funii.. anal~i.im~ th~ ai~uunt i~r ~~ril)im_ thr ~.in~~~ it~m,, unl~~, Lrn.lrr ~~a~. k;urru~~~r int~rr.t ~m th~• t~~~n.l, an.1 aprlirahl~ la~~ ~krnut. l.rn.lrr tu mal.r >urh a ihar_.. l;~,rru~~~r an~ Lrn~t~r nr,~~ a~,r~~ in ~~ritin~~ that ~nt~r~.t ,hall ~~:u~! un ~hc Ft?n.1.. l'nlr.. an .r~r~~•m~n1 u nr,ul~ ur a~~~~lirahli la~~ rryuir~. intrr~~t t~~ ik~ ~~ai~l. L~n~hr ~h:~ll nut tk r_~yu~rr~i tu ~,a~ l~urru~ti~r :u~~ int~r~.t ~,r ~:irnin,~. un th~ FunJ,. l_~n.lrr ,hall _i~~ tu B.m~i~~~~r. ~~ithuut rhar`~~. :u~ annual ai:uuntin~~ ~~f th~ I~~.:i.h .hu~~ ir,~z .•r~.lit. an.t ~~hf~. tu th~ Fun.h :~nu thr ~~urFx„r ~ur ~~hirh r:i~h ct~h~t tu tt~. Fun~t, ma~lt~. fhr Fu~1J. arr ~~Ir~I,~rJ :l~ ;I~~i{IlN~ll:t~ ~l'illfll~ ~Uf lEl~ ~ltlll~ ~~CUfCJ t~~ I~II~ ~~t'itll"ilt :Il~t~ilttit`iil. ttir :unuu?u c~f th~ Fun~l, hel~! h~ l.~n~lrr. ~u_~.~thrr ~+ith ihr tutur~ nu~nthh ~~:i~mrnt, ut {=u~ui. ~~a~ahl~ j;~~,.~ ;c: ;i:~ :i;.=_ ~~r Ut~• r.iru~~ ~irni.. .hall ~~~rr.l Ih~ :~nwunt rryu~rr~l tu ~a~ Ih~ r.uru~~ il~m, ~~hrn ~1u~. th< <~~r~•,. ,h:ill h~. at k;~~rr~~~~.r~, ~~~~U~m. ~•i~h~•r ~~r~,i~~~ul~ rc~:ii~l t~~ k3i,rn~~~~r ur ire~lttr~i t~? B~,rr„~~rr un ~;~unthl~ ~:?~m~nt. ~,1 f~unit,. 11 th~ ;unuunt ut th~ f~unil. h~lil h~ l.~nJrr i. nu~ wtti~i~nt tu pa) th~ c.iru~~ itrm. ~~hrn ~iur. k3~~rru~~~r ,hall }~a~ t~~ L~n~l~r :ui~ ani~iunt n~i~.,an t~~ nr~{.r up th~• Jrliri~ni~ in un~ ur nwr~ ~~a~m~nt, :i. rr~~tiirc~l h~ Lrn~l~r. - . . t'~w,n ~:?~~i~~nt in lull ~,f all ,um. .crurr~i h~ th~. S«urit~ {n.trum~nt. L~n~irr ,h:~ll E~runi~,tl~ rrtt~ncl tu t3urru«rr an~ I~~u~~l. h~l.l h~ Lrn~hr. I~ un~lrr ~~.~r:i_ra~~h 1~) th~ Pr~~~~~•rt~ i. ,~~1.1 ~~r ai~~u~r~•cl h~ L~•n~kr. l.~~nJ~r ~ha!! :ir~~l~, nu lat:r Ihan inunr~li:~t~l~ 4~nur tu ~hr ..tlr ~~f th.• 1'r~~~k•rh ur it. ur~~ui~it+un h~ Lcn~lrr. :~n~ Ft!n~l. h~l~l h~ l.~n~l~•r at Ihr tiin~ ut .i~~plir:iti~~n a. a ~r«lit a,~ain.t th~• .uit~. .~iurc•~I h~ ihi, Sr~i~rit~ ln,~rt~nirni. - - 3. :lppliration oi' 1'a~~ncnts. l'nl~., ;i~~~~li.:~hl~ la~~ ~~n,~i.l~. uth~n~t.~. :?II ~~:i~mcnl, r«.•i~i~l h~ I_~n~lcr un~l~r ~~.u;~,~r:~~~h, I:ux1 .huulcl Ik :ipPli~J: tir.t t~~ :un++unt` ~~:?~:~hl~ un.l~•r E~:ir:i;_r.~E~h ,~r~mJ t~~ intcrr.t: an.l I:i.i tu prin~i~~:~l. 1. ('hur};c~; l.iero. t3urr~~~~~r.hall pa~ al! ta~r~. ,t~.~,>mcnt.. ~har_~~.. tin~~ an~1 in~E~~~.iu~m,:~unhutahl~ tu th~ Pn~~krt~ ~~fiirh ina~ altain ~~r~~,rit~ ~~~~r thi. Serurit~ ImUtnn~nt. an.l I~a~ih~~l~i 4~a~m~nt, ur ~_n,un~1 r~nt,, if ah~ . i;urru~~~r.ti~~ll ~r,i~ thc~~~ uhli~_atiun, in thr m:~nn~r rr~,~i~lr.l in par,r_rarf~ „r it ~iut ~~:ii~i in that mann~r. Burr<<~~rr.li:~ll p:~~ th~~n irn tim~ ~1irc•itl~ t~~ th~ ~~~•n~>s~ „~~r~l ~~a~iu~nt. f~urr~~~~~r .hail rn,mr~h furni~h tu l.rn~t~r all nnti«~. u1 anxu~nt. t~~ h~ ~ai~l u~ulcr !h„ rar.~,~ra~~h_ It B~,rrnarr ni:il.r. lh~.~. (,:~~n~rnt~ ~lirr.•tl}. 6c~rru~~rr .ha!! ~r~~i»p~l~ tiirni,h tn l.~:~~Irr rcr~i~~t. e~i~lrnrin_ th~ ~~a~mrnt~. 13~~rr~~~+rr ,hall ~n~m~~l~ ~li,ihar,~~ am li~n ~~hi~h h:~, rri~,rit~ „~rr thi, S~~urit~ In,trwn~nt unl~.. 1;~~rru~~~r. a~~rre. in j ~~ritim_ tu thc ra~mrnt uf thr uhli_•ali~m .~rur«1 h~ th~ I~~n in a m:uin~r a~c~rtahl~ t~~ Lrn~lcr, !h? ~unt~~t. in ,_~Hkt I,uth th~ li~n , h~ .~,r.lrf~nJ.:r_:un.t ~nti~rirn~~nt u( thr ~irn in. Ir~~:il pnk•~~.lim~. ~~hich in ih~ L~nJrr', ~~piniun u~krair tu pr~~cnt th~ rnti~rictncnl ut th~ ii~n ~~r t~~r(~iti!r~ uf am pan uf thr 1'n,~rt~: „r ~~t ~~cur~~ tr~~m th~ hul~l~r ut thr ii~n an :i~~r«ment ,:~ti.lac~~,r~ t~~ I.rnJrr .{ihur~lin:~tin~_ thr li~n tu thi, S~~urii~ t!i.tr;im~nt. If Lrn~i~r ~Irt~nninr. ~tiat :~m ~art „f th~ Pru~krh i, ,u1~j~ct t~~ :t I~ert «I~i~h m,~~ :nt:un ~~nuril~ u~~r thi~ S~curit~ tn,tnnnrnt. I.rn~irr ma~ ,~i~r B~srr~n<<•r,i nuti;r i~l~ntif~in~~ thr li~n. R~~rr~~~~rr .hall ,a~i.t~ ~h~ l~cn „r tak~ ~mc ~~r niur~ ut thr a~~tiu~i. ,~•t ti~rth .~hu~~• ~~~ihtr~ IU ~lc~~. uf thr ~~i~ii~~~ ~~I nnlir~. . 11az~rd Inwr.~nrr. Bnrr~~~~~r,h.tl1 k~~~ thi i~urr~~c~m~nt. nix~ ~~i~tim~ ur h~r~ati~r rr~rt~.! un th~ Pr~,rrrt~ in.un~1 a,~ain.t l,~.. h~ lirr. h.iiar.l, inclu~~il ~~ithin th~ trrm "~~trn~l~Yl ~~,~~r.?,_~.• :~n~l am uth~r liaiar~l. ti~r ~~hi.•n l.~n~i~r r~yuir~. in.uran~~. (~hi. in.uran.r .h:~li h~ maint.iin~~i in th~ .unuunt. an~i t~~r th~.{krickh th:it L~n~rr r~ywrc.. 'Thc in,ur.inrr ~arricr pr~,: i~Gm_ thr in,uran~~ ~h:~ll t,~ ih~~,rn h~ Burr~~~~~r ~uhj~cl tu Lcn~l~r~> appn~ral ~~hirh .hall n~~t tk unr~a,~mahl~ ~~ithhrl~t. j :~li in,urani~ Ex~li~i~. cin~l rcn~~~at~ .hall h~ a~r~ptahlr t~~ L~nJ~r an~1 ,h.~ll inilu~tc a,tan~lar~l nu,rt~~a~~~ :i:ui,r. t_~n~hr .hall ~ li:~~~ th~ ri,~ht hul~ ~h~ Ex~lirir, an~1 r~nr~~: (f [.~n~(~r rryuir~,. B~~rru~~rr.h:~ll ~n~ni~th `~i~r tu Lrn~l~r,t!! rr«i~~t, ut ~~c~i~l rr~•niiun~, .ur± r.nr~~:~l t~utir~~,. In tfu ~~~nt I~~.,_ Bur:~~«cr ,t?a!I ; ic~ ~r~~rtt(~t ri~~iii~ U~ th~~ t~~.ur.uii.• ~arri~r :i~i~l 1_rn~~;. I.~n~l~r ma~ mal~r ~ ~~n,uf lu.. it nut tn:~~t~ ~rutnptl~ h~ Burr~~~~~r. ~ ' l nl~•.~ L~n~l~r ui~~1 Burr~~~~rr uth~r~~i,~ a,~r~r in ~~ritin~_. in,urancr ~~n~~e~J~ .h:~ll h~ ap~~li~~t t~~ r~.t~~rati~m ~~r rrpair ~,f th~ Pri~- ~~Lrt~ ~l:iuia,~~a. if thc rr.tur~u~~~~ ,~r r~rair i, crum,n~irall~ t~a.ihl~ an~i L~n~l~r'..~~u~it~ i. n„t Ir,~~n~J It th~ r~,t~~r~uun ~~r r~p:iir i. n~,t r~~,numi~all~ (~a,ihl~ ur l.rn~trr~, .«urit~ ~~„u1.1 hr I~>.cn~~. tht in,ur;inr~ ~nh•~c~i, ~h:ill t~~ ;~pplir~l t~, th~ ,um~ ,~rur«i h~ tiii~ S~rurit~ In,lrum~nt. ~~h~th~r ~~r nul th~n ~lu~. ~~ith am c~~•~,. ~ai~t tu Burn~~~~r. If [3„rru~~rr aban:f~,n~ th~ Pru~rt~. ur ~i~k, n„t an,~~~•r ~~ithin ?t) ~fa~, :i n~,n~~ fr„m l.~n~:~r thai thr in~uran:~ rarricr h,~. ~~flir«I t~, x~tlr .i rl.~im. th~n Lrn~~r rna~ ~ldlert th~ ~ in.uran~c pr~kir~l,. L~n~1rr ma~ uu lhi (~~~K~~J~ l~~ f~~air ur r~.tur~ thr f'ru~rt~ ur tu pu~ .um. xiure~! h~ ~hi~ S«urit~ ln~trum~nt. ~+h~tli~r ~~r nut thcn ~fur. 7~h~ 3U ~a~ ~rickf «ill h~~in ~aitc~n thr n~~tir~ i. ;~i~ri~. l nlr.4 !_~n~t~r ariti B~~rrc~~rcr ~~ttter~~i~r a,~rr~ in „ritin~~. am arrlir~ti~,n „t E~nx•r~~1, tu ~rin~i~.~l .hall n~,t ~~trn~l ~,r ~,~tExmc tlu• Jur ~latc ut U~~ nwnthl~ ~a}m~i~t~ rrferrr~l t~, in para~~rarh~ I an~l ' ~~r ch:~m_~ th~ :?m~~unt u( th~ pa~n~~nt,. II un~i~r ~aragra~h I') Ihr Yru~rtc a~yuir~~1 h~ L~n~~r. Bi~rr~,~~rr~, ri,_ht t~~ an~ in.ur.inri• r~,liri~, :?n~l ~~nh~«<I. rr.ul(ing (rum ~1.itna.~r t~~ thc Pru~rt~ ~~riur tu th~ aryuu~ti~m .hall ~?a,. t~~ Lcnil~r t~, ~hc ~~I.nt u( th~ .um~ .rrurr.l M thi. S«urit~ In.trun~~nt imni~tiiat~h ~~ri„r tu th~ a~c~ui.itt~,n. - - - 6. Prescr~atio~z a~~d ~l~intcn.utcc uf Pn?~xrt}: Lc~sch~ilcl~. K,~rn~~~rr ,h:i?1 n~~t .lr~tnn .~latn;+,_r ~~r .uh.G~ntiaN< <h:ut,~c tt~~ PruEr~rt~. :i{I„~~ Ihr Pn~~~~rt~ t~, ~l~trri~~r.~[~ ~,r ~~,niniit ~~:i.tr. It tfi~. S~runh In.trtnn~nt i. ~m I~a.c•h~~l~l. F3~~rn,»~•r ,hall ~un~pl~ ~~nh titr ~~r~~~i~tun. ut t~ic I~,n,. ~iti~l it 13urru~+~r :t,yttir~. t« Eitl~ tu th~• Pni~xrt). !h~ I~.j,~h~~1J ~ri~l f~~ titl~ .hall nut m~r_~~ unlc,. t.~n~l~r a~~rr~. tu th~ ~n~r,~~r ir~ ~~riti~~~~. 7. Pr~?tectiu~a of I.endrr's Rikhts in the Prnpert~: ~lort~a};e Imur.~nce. If f~urrt,~~.~r t:~il. t„ ~zrrt~~rm th~ c„~~•szant. ,in~i .~~rr~n~~nt. ~~~n?ain~.1 in thu S~~urit~ In,tru~nrnL „r Ihrrr i, .i Ir~,al pru~~~c~1im, titat n~:i~ ,i~ni(ir.~ntl~ ,~tir~t L~n~1~•r'. ri_ht. in th~ Pr„~krt~ i,u~h :i. :i rrn~rr~lin,~ in hanl,ruE~t.~. ~r~~hat~. ti~r ~un~lcmn:itiun ur tu ~ntiir.~ la~.~, ~~r rc;ulati,~n,?. then L~n~ler ma~ ii~~ :in~l E~:~~ t~~r ~~h:it~~rr i. n«~..ar~ t~~ ~~rut~~t th~ ~alu~ uf thr Pr~~~krt~ :in~1 L~n~l~r'~ r~_ht. in th~ f'r~~~krt~. L~ti~irr~, :iiti„n~ ni:i~ in.lu~1~ ~:i~in,~ ;in~ .uni..~rur~~l h~ li~n ~~hi~h h.i. rri~~nt~ ~~~rr thi, S~~iuntc In.trunient. c~~~cirin, in i~~urt. F~.~~in,~ rr:~,~>n.~hl~ :itt~~r~~~~~.~ t«..in~1 r~ucrin~~ „n Ihr f'n,~~~rt~ t~~ ni;il.c rc~~,nr.. :~Ith~su,~h (.rni?~r ni:~~ ~al.c aiti~>n unJrr th6. r~ira,~ra~~h I.rnJi~r ~l~n. n~~t f~,i~r t~} ~t~, _ ~ ~ . ~7~ ~ . , ~