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 Sub-Custodian, the Sub-Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio, make federal funds available to such Portfolio as of specified times agreed upon from time to time by the Fund and the Sub-Custodian in the amount of checks received in payment for Shares of such Portfolio which are deposited into the Portfolio's account.

Appears in 4 contracts

Samples: Sub Custodian Contract (Munder Framlington Funds Trust), Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (Munder Funds Inc)

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Availability of Federal Funds. Upon mutual agreement between the Fund ----------------------------- on behalf of each applicable Portfolio and the Sub-Custodian, the Sub-Sub- Custodian shall, upon the receipt of Proper Instructions from the Fund on behalf of a Portfolio, make federal funds available to such Portfolio as of specified times agreed upon from time to time by the Fund and the Sub-Sub- Custodian in the amount of checks received in payment for Shares of such Portfolio which are deposited into the Portfolio's account.

Appears in 1 contract

Samples: Sub Custodian Contract (Munder Funds Trust)

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