Common use of Disbursement of Money Clause in Contracts

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service (except as otherwise provided in Article V, Section 10), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account or an Omnibus Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g.E.G., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric alphanumeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g.E.G., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account or an Omnibus Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric alphanumeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information previously specified to the Funds as reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.

Disbursement of Money. The Bank shall disburse money credited to an Account only: (i) pursuant to Written Instructions of such Fund transmitted through an Electronic Service ACCESS (except as otherwise provided in Article V, Section 107 hereof), to transfer funds as directed by such Fund (including transfers through the Federal Reserve Bank of New York transfer wire and the New York Automated Clearing House); (ii) in payment of drafts drawn by an Authorized Person or Shareholder Drafts (as appropriate for the particular Account), subject to the terms hereof; or (iii) in payment of charges to such Account representing amounts payable to the Bank, and chargeable against such Account, as provided in this Agreement. The Bank shall be required to disburse money in accordance with the foregoing only insofar as such money is immediately available and on deposit with the Bank. If an Omnibus Account has been established for the Funds, such money shall be credited to the Omnibus Account pending such disbursement. All instructions directing the disbursement of money credited to an Account or Omnibus Account under this Agreement (whether through an Electronic Service ACCESS or by Oral Instructions pursuant to Article V hereof) must identify an account to which such money shall be transferred, and include all other information previously specified to the Funds as reasonably required by the Bank from time to time. It is understood and agreed that with respect to any such instructions, when instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g.E.G., ABA number or account number), the Bank and any other financial institution participating in the funds transfer may rely solely on the unique identifier, even if it identifies a party different than the party named. Such reliance on a unique identifier shall apply to beneficiaries named in such instructions as well as any financial institution that which is designated in such instruction to act as an intermediary in a funds transfer.