Dividends and Interest. Any dividends or interest paid with respect to the Collateral held in any Special Custody Account shall, when collected, be paid by Custodian to Customer or Customer’s designee; provided that, upon Advice of Broker to Custodian that a Default has occurred and is continuing (and so long as Broker shall not have Advised Custodian that such Default is no longer continuing), Custodian shall apply such dividends and interest in accordance with the Advice from time to time of Broker to Custodian.
Appears in 5 contracts
Samples: Special Custody Account Agreement (Wilshire Mutual Funds Inc), Special Custody Account Agreement (Needham Funds Inc), Special Custody Account Agreement (Needham Funds Inc)
Dividends and Interest. Any dividends or interest paid with respect to the Collateral held in any Special Custody Account shall, when collected, be paid by Custodian to Customer or Customer’s 's designee; provided that, upon Advice of Broker to Custodian that a Default has occurred and is continuing (and so long as Broker shall not have Advised Custodian that such Default is no longer continuing), Custodian shall apply such dividends and interest in accordance with the Advice from time to time of Broker to Custodian.
Appears in 2 contracts
Samples: Special Custody Account Agreement (Hillview Investment Trust Ii), Special Custody Account Agreement (Mellon Institutional Funds Investment Trust)
Dividends and Interest. Any dividends or interest paid with respect to the Collateral held in any Special Custody Account shall, when collected, be paid by Custodian to Customer or Customer’s 's designee; provided PROVIDED that, upon Advice of Broker to Custodian that a Default has occurred and is continuing (and so long as Broker shall not have Advised Custodian that such Default is no longer continuing), Custodian shall apply such dividends and interest in accordance with the Advice from time to time of Broker to Custodian.
Appears in 1 contract
Samples: Special Custody Account Agreement (Barr Rosenberg Variable Insurance Trust)
Dividends and Interest. Any dividends or interest paid with respect to the Collateral held in any Special special Custody Account shall, when collected, be paid by Custodian to Customer or Customer’s 's designee; provided that, upon Advice of Broker to Custodian that a Default has occurred and is continuing (and so long as Broker shall not have Advised Custodian that such Default is no longer continuing), Custodian shall apply such dividends and interest in accordance with the Advice from time to time of Broker to Custodian.
Appears in 1 contract
Samples: Special Custody Account Agreement (Caldwell & Orkin Funds Inc)
