Common use of Investment and Availability of Federal Funds Clause in Contracts

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the Trust's account.

Appears in 7 contracts

Samples: Custodian Contract (MFS Intermediate Income Trust), Custodian Contract (MFS Charter Income Trust), Custodian Contract (MFS Series Trust Ii)

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Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of any checks received in payment for Shares of the Trust which are deposited into the Trust's account.

Appears in 3 contracts

Samples: Custodian Contract (MFS Series Trust X), Custodian Contract (MFS Government Securities Fund), Custodian Contract (Massachusetts Investors Growth Stock Fund)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the Trust's account.

Appears in 2 contracts

Samples: Custodian Contract (Nuveen Flagship Multistate Trust Iv), Custodian Contract (Nuveen Flagship Multistate Trust I)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) . invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) . make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the Trust's account.

Appears in 1 contract

Samples: Custodian Contract (MFS Multimarket Income Trust)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, (1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and and (2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust a Fund which are deposited into the Trustthat Fund's account.

Appears in 1 contract

Samples: Custodian Contract (Steinroe Investment Trust)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the TrustTrust 's account.

Appears in 1 contract

Samples: Custodian Contract (MFS Government Limited Maturity Fund /Ma/)

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Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the Trust's account.

Appears in 1 contract

Samples: Custodian Contract (MFS Municipal Income Trust)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) . invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) . make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of checks received in payment for Shares of the Trust which are deposited into the Trust's accountAccount.

Appears in 1 contract

Samples: Custodian Contract (MFS Government Markets Income Trust)

Investment and Availability of Federal Funds. Upon mutual agreement between the Trust and the Custodian, the Custodian shall, upon the receipt of Proper Instructions, 1) invest in such instruments as may be set forth in such instruments as may be set forth in such instructions on the same day as received all federal funds received after a time agreed upon between the Custodian and the Trust; and 2) make federal funds available to the Trust as of specified times agreed upon from time to time by the Trust and the Custodian in the amount of any checks received in payment for Shares of the Trust which are deposited into the Trust's accountAccount.

Appears in 1 contract

Samples: Custodian Contract (MFS Series Trust I)

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