Common use of Contractual Income Clause in Contracts

Contractual Income. In accordance with the Custodian's standard operating procedure, the Custodian shall credit the Account with income and maturity proceeds on securities on contractual payment date net of any taxes. To the extent the Custodian credits income on contractual payment date, the Custodian may, within five (5) business days of such date, reverse such accounting entries to the contractual payment date if the Custodian reasonably believes that such amount will not be received, provided that Custodian consults with Client or its Investment Manager prior to making any such reversing entry and provided further that neither Client nor its Investment Manager object to the making of such entry.

Contractual Income. In accordance with the Custodian's standard ------------------ operating procedure, the Custodian shall credit the Account with income and maturity proceeds on securities on contractual payment date net of any taxes. To the extent the Custodian credits income on contractual payment date, the Custodian may, within five (5) business days of such date, reverse such accounting entries to the contractual payment date if the Custodian reasonably believes that such amount will not be received, provided that Custodian consults with Client or its Investment Manager prior to making any such reversing entry and provided further that neither Client nor its Investment Manager object to the making of such entry.