Common use of Availability of Federal Funds Clause in Contracts

Availability of Federal Funds. Upon mutual agreement between the Fund and the Custodian, the Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio (i) 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 by the Custodian and the Fund and (ii) make federal funds available to the Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of funds received in respect of 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, (ia) 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 by between the Custodian and the Fund Fund; and (iib) make federal funds available to the such Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of funds checks received in respect payment for Shares of sales of securities by the such 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 (i) 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 by the Custodian and the Fund and (ii) make federal funds available to the such Portfolio as of specified times agreed upon from time to time by the Fund and the Custodian in the amount of funds received in respect of sales of securities by the Portfolio and of funds obtained through borrowings, in each case which are deposited into the Portfolio's account.