Common use of Availability of Federal Funds Clause in Contracts

Availability of Federal Funds. Upon mutual agreement between the Fund on behalf of each applicable Portfolio and the Custodian, the Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio, (a) invest in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Fund; and (b) make federal funds available to such Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of checks received in payment for Shares of such Portfolio which are deposited into the Portfolio's account.

Availability of Federal Funds. Upon mutual agreement between the Fund on behalf of each applicable Portfolio and the Custodian, the Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio, Portfolio (ai) invest in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between by the Custodian and the Fund; Fund and (bii) make federal funds available to such the Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of checks funds received in payment for Shares respect of such sales of securities by the Portfolio and of funds obtained through borrowings, in each case which are deposited into the Portfolio's account.

Availability of Federal Funds. Upon mutual agreement between the Fund on behalf of each applicable Portfolio and the Custodian, the Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio, Portfolio (ai) invest in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between by the Custodian and the Fund; Fund and (bii) make federal funds available to such Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of checks funds received in payment for Shares respect of such sales of securities by the Portfolio and of funds obtained through borrowings, in each case which are deposited into the Portfolio's account.