Common use of Advances by Custodian for Settlement Clause in Contracts

Advances by Custodian for Settlement. If the Custodian should, in its sole discretion, advance funds to the Trust to facilitate the settlement of transactions on behalf of a Fund in its Custody Account, then such advance shall be repayable immediately upon demand made by the Custodian and shall bear interest from the date incurred at a rate per annum (based on a 360-day year from the actual number of days involved) equal to 1% over the Federal Funds rate in effect from time to time as announced by The Wall Street Journal under the section entitled Money Rates, or any successor title, such rate to be adjusted on the effective date of any changes in such rate.