Common use of Accounts and Disbursements Clause in Contracts

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 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 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 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;; and 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.