Common use of Contractual Settlement Clause in Contracts

Contractual Settlement. In accordance with the Custodian's standard operating procedure, the Custodian will attend to the settlement of securities transactions on the basis of either contractual settlement date accounting or actual settlement date accounting as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian settles certain securities transactions on the basis of contractual settlement date accounting, the Custodian may, as soon as reasonably practicable following the contractual payment date, reverse to the contractual settlement date any entry relating to such contractual settlement if the Custodian reasonably believes that such amount will not be received, provided that the Custodian consults with Client or its Investment Manager prior to making any such reversing entry.

Contractual Settlement. In accordance with the Custodian's standard operating procedure, the Custodian will attend to the settlement of securities transactions on the basis of either contractual settlement date accounting or actual settlement date accounting as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian settles certain securities transactions on the basis of contractual settlement date accounting, the Custodian may, as soon as reasonably practicable following the contractual payment within five (5) business days of such date, reverse to the contractual settlement date any entry relating to such contractual settlement if the Custodian reasonably believes that such amount will not be received, provided that the 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 Settlement. In accordance with the Custodian's standard ---------------------- operating procedure, the Custodian will attend to the settlement of securities transactions on the basis of either contractual settlement date accounting or actual settlement date accounting as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian settles certain securities transactions on the basis of contractual settlement date accounting, the Custodian may, as soon as reasonably practicable following the contractual payment date, reverse to the contractual settlement date any entry relating to such contractual settlement if the Custodian reasonably believes that such amount will not be received, provided that the Custodian consults with Client or its Investment Manager prior to making any such reversing entry.

Contractual Settlement. In accordance with the Custodian's standard operating procedure, the Custodian will attend to the settlement of securities transactions on the basis of either contractual settlement date accounting or actual settlement date accounting as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian settles certain securities transactions on the basis of contractual settlement date accounting, the Custodian may, as soon as reasonably practicable following the contractual payment date, reverse to the contractual settlement date any entry relating to such contractual settlement if the Custodian reasonably believes that such amount will not be received, provided that the Custodian consults with the Client or its Investment Manager prior to making any such reversing entry.

Contractual Settlement. In accordance with the Custodian's standard ---------------------- operating procedure, the Custodian will attend to the settlement of securities transactions on the basis of either contractual settlement date accounting or actual settlement date accounting as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian settles certain securities transactions on the basis of contractual settlement date accounting, the Custodian may, as soon as reasonably practicable following the contractual payment within five (5) business days of such date, reverse to the contractual settlement date any entry relating to such contractual settlement if the Custodian reasonably believes that such amount will not be received, provided that the 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.