Common use of Conditional Credits Clause in Contracts

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made final entries as set forth in (c) below, the amount of immediately available funds in the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 13 contracts

Samples: Custodian Agreement (North American Government Bond Fund Inc), Custodian Agreement (Total Return U S Treasury Fund Inc), Custodian Agreement (Flag Investors Real Estate Securities Fund Inc)

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Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, that if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 8 contracts

Samples: Form of Custodian Agreement (Total Return U S Treasury Fund Inc), Of Custodian Agreement (Flag Investors Value Builder Fund Inc), Form of Custodian Agreement (Flag Investors Emerging Growth Fund Inc)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian or a Subcustodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, Account unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made become final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 8 contracts

Samples: Form of Custodian Agreement (Forum Funds), Custodian Agreement (Forum Funds), Forum Funds Custodian Agreement (Forum Funds)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 6 contracts

Samples: Custodian Agreement (Bt Alex Brown Cash Reserve Fund Inc), Custodian Agreement (Scudder Rreef Real Estate Fund Inc), Custodian Agreement (Variable Insurance Funds)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian Bank shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, Account unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made become final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian Bank has received Instructions to settle on that date ("Settlement Date"), the CustodianBank, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 5 contracts

Samples: Master Subcustodian Agreement (Forum Funds), Forum Funds Custodian Agreement (Forum Funds), Custodian Agreement (Forum Funds)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian Bank shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, Account unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made become final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian Bank has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 1 contract

Samples: Master Subcustody Agreement (Forum Funds)

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Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, that if, after all expenses, debits and withdrawals -------- ---- of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 1 contract

Samples: Form of Custodian Agreement (Flag Investors Short Intermediate Income Fund Inc)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian shall not be required to comply with any Instructions to settle the purchase of any securities for the Account, unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, that if, after all expenses, debits and withdrawals of Cash in the th relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 1 contract

Samples: Form of Custodian Agreement (Flag Investors Real Estate Securities Fund Inc)

Conditional Credits. (a) Notwithstanding any other provision of this Agreement, the Custodian or a Subcustodian shall not be required to comply with any Instructions to settle the purchase of any securities Securities for the Account, Account unless there are sufficient immediately available funds in the relevant currency in the Account, provided that, if, after all expenses, debits and withdrawals of Cash in the relevant currency ("Debits") applicable to the Account have been made and if after all Conditional Credits, as defined below, applicable to the Account have been made become final entries as set forth in (c) below, the amount of immediately available funds in of the relevant currency in such Account is at least equal to the aggregate purchase price of all Securities securities for which the Custodian has received Instructions to settle on that date ("Settlement Date"), the Custodian, upon settlement, shall credit the Securities to the Account by making a final entry on its books and records.

Appears in 1 contract

Samples: Sphinx Fund Custodian Agreement (Rydex Capital Partners Sphinx Fund)

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