Accounts and Disbursements. The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:
1. In payment for Securities purchased for the Portfolio, as provided in Section 7 hereof;
2. In payment of dividends or distributions with respect to the Shares of such Portfolio, as provided in Section 11 hereof;
3. In payment of original issue or other taxes with respect to the Shares of such Portfolio, as provided in Section 12(c) hereof;
4. In payment for Shares which have been redeemed by such Portfolio, as provided in Section 12 hereof;
5. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 5 and 16(h) hereof;
6. Pursuant to Instructions setting forth the name of the Portfolio and the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made.
Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund with respect to each Series and shall credit to the separate account all monies received by it for the account of the Fund with respect to such Series and shall disburse the same only:
1. In payment for Securities purchased for the Series, as provided in Section 5 hereof;
2. In payment of dividends or distributions with respect to the Shares, as provided in Section 7 hereof;
3. In payment of original issue or other taxes with respect to the Shares, as provided in Section 8 hereof;
4. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof;
5. Pursuant to a Certificate setting forth the name and address of the person to whom the payment is to be made, the Series account from which payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this paragraph 5 of Section 4(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Certificate; or
6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 3 and 11(i).
Accounts and Disbursements. Amounts owing between the parties shall be settled between the parties on a quarterly basis and payments of amounts owing shall be made within 45 days after the end of the calendar quarter.
Accounts and Disbursements. Amounts owing between the parties shall be settled between the parties on a monthly basis, unless otherwise agreed to between the parties, provided, however, that the parties shall settle all amounts owing on at least a calendar quarterly basis.
Accounts and Disbursements. The Custodian shall establish and maintain a separate account for the Fund and shall credit to the separate account of the Fund moneys received by it for the account of the Fund and shall disburse the same only:
(1) in payment for Securities purchased for the Fund as provided in Section 5 hereof;
(2) in payment of dividends or distributions with respect to the Shares of the Fund as provided in Section 7 hereof;
(3) in payment of original issue or other taxes with respect to the Shares of the Fund as provided in Section 8 hereof;
(4) in payment for Shares which have been redeemed by the Fund as provided in Section 8 hereof;
(5) pursuant to Written Instructions, or with respect to Money Market Securities, Oral Instructions or Written Instructions, setting forth the name and address of the person to whom the payment is to be made, the amount to be paid, and the purpose for which payment is to be made; or
(6) in payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund as provided in Section 11(h) hereof.
Accounts and Disbursements. The Bank shall establish and maintain a separate account for each Series and shall credit to the separate account of each Series all moneys received by it for the account of such Series and shall disburse the same only:
4.2.1 In payment for Securities purchased for such Series, as provided in Section 5 hereof;
4.2.2 In payment of dividends or distributions with respect to the Shares of such Series;
4.2.3 In payment of original issue or other taxes with respect to the Shares of such Series;
4.2.4 In payment for Shares which have been redeemed by such Series;
4.2.5 Pursuant to Written Instructions, setting forth the name of such Series, the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made; or
4.2.6 In payment of fees and in reimbursement of the expenses and liabilities of the Bank attributable to such Series.
Accounts and Disbursements. The Custodian shall establish and -------------------------- maintain a separate account for each Fund and shall credit to the separate account all monies received by it for the account of each such Fund and shall disburse the same only:
1. In payment for Securities purchased for the Fund;
2. In payment of dividends or distributions with respect to the Shares;
3. In payment of original issue or other taxes with respect to the Shares;
4. In payment for Shares which have been redeemed by the Fund;
5. Pursuant to Written Instructions setting forth the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this sub-section 2(b), the Fund shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Written Instructions which it, in good faith, believes to be received from duly Authorized Persons; or
6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Article III, Section 9(I) and Article V, Section 1.___
Accounts and Disbursements. Amounts owing between the parties shall be settled between the parties on a quarterly basis and payments of amounts owing shall be made within 45 days after the end of the calendar quarter.
Section I. “Performance of Services” is hereby amended to include a new subsection I. “Maintenance and Property Rights of Records:”
I. Maintenance and Property Rights of Records, Manager shall maintain accurate and complete records as related to this Agreement. Each of the Parties shall retain the rights to access such records upon request.
Accounts and Disbursements. The Custodian shall establish and maintain a separate account in the name of each Fund and shall credit to such separate accounts all monies received by it for the account of each Fund and shall disburse the same only:
1. In payment for Securities purchased for the applicable Fund;
2. In payment of dividends or distributions with respect to the Shares;
3. In payment of original issue or other taxes with respect to the Shares;
4. In payment for Shares which have been redeemed by the applicable Fund;
5. Pursuant to Written Instructions received by a Senior Authorized Person setting forth the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made, provided that in the event of disbursements pursuant to this sub-section 2(b), the Trust shall indemnify and hold the Custodian harmless from any claims or losses arising out of such disbursements in reliance on such Written Instructions which it, in good faith, believes to be received from duly Senior Authorized Persons; or
6. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the applicable Fund, as provided in Article III, Section 9(I) and Article V, Section 1.
Accounts and Disbursements. The Custodian shall establish and maintain a separate account for each Fund and shall credit to the separate account all monies received by it for the account of the Fund and shall disburse the same only:
1. In payment for Securities purchased for the Fund, as provided in Section 5 hereof;
2. Pursuant to Written Instructions, for the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes, management, accounting, transfer agent and legal fees and operating expenses of the Fund whether or not such expenses are, in whole or in part, to be capitalized or treated as deferred expenses;
3. In payment of dividends or distributions with respect to the Shares of the Fund, as provided in Section 7 hereof;
4. In payment of original issue or other taxes with respect to the Shares of the Fund, as provided in Section 8 hereof;
5. In payment for Shares which have been redeemed by the Fund, as provided in Section 8 hereof;
6. Pursuant to Written Instructions, setting forth the name and address of the Fund and the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made;
7. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Section 3(a) and Section 11(h) hereof, or
8. To a sub-custodian pursuant to Section 11(f) hereof.
