Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified Written Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 43 contracts
Samples: Custody Agreement (Potomac Insurance Trust), Custody Agreement (Aha Investment Funds Inc), Custodian Agreement (Tanaka Funds Inc)
Liability for Payment in Advance of Receipt of Securities Purchased. In Except as specifically stated otherwise in this Agreement, in any and every case where payment for the purchase of Securities for a Fund domestic securities is made by the Custodian in advance of receipt of the Securities securities purchased but in the absence of specified Written Instructions specific instructions from the Fund to so pay in advance, the Custodian shall be absolutely liable to the Fund for such Securities securities to the same extent as if the Securities securities had been received by the Custodian.
Appears in 29 contracts
Samples: Custodian Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Custodian Agreement (Lehman Brothers Reserve Liquidity Series), Custodian Agreement (Lehman Brothers Institutional Liquidity Series)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a the Fund is made by the Custodian in advance of receipt for the account of the Fund of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 3 contracts
Samples: Custody Agreement (Stonebridge Aggressive Growth Fund Inc), Custody Agreement (Stonebridge Growth Fund Inc), Custody Agreement (Interactive Investments)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund Portfolio is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified Written Instructions to so pay in advance, the Custodian shall be liable to the Fund Portfolio for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 3 contracts
Samples: Custody Agreement (Growth Mutual Fund Portfolio), Custody Agreement (Flex Funds), Custody Agreement (Aggressive Growth Mutual Fund Portfolio)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 2 contracts
Samples: Custody Agreement (Bayfunds), Custody Agreement (Fountain Square Funds)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a the Fund is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 2 contracts
Samples: Custody Agreement (Clearbrook Funds), Custody Agreement (Dunhill Investment Trust)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt for the account of the Fund of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received receipt by the Custodian.
Appears in 1 contract
Samples: Custody Agreement (Magna Funds /Ma/)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a the Fund is made by the Custodian in advance of receipt for the account of the Fund of the Securities purchased but in the absence of specified Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 1 contract
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt for the account of the Fund of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund Trust for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 1 contract
Samples: Custody Agreement (Cardinal Group)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified Written Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.to
Appears in 1 contract
Samples: Custody Agreement (Berwyn Funds)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase Purchase of Securities for a Fund is made by the Custodian in advance of receipt for the account of the Fund of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 1 contract
Samples: Custody Agreement (Coventry Group)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment payments for the purchase purchases of Securities for a Fund is are made by the Custodian in advance of receipt receipts for the accounts of the Fund of the Securities purchased but in the absence of specified specific Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 1 contract
Samples: Custody Agreement (Stonebridge Aggressive Growth Fund Inc)
Liability for Payment in Advance of Receipt of Securities Purchased. In Except as specifically stated otherwise in this Contract, in any and every case where payment for the purchase of Securities securities for a the account of the Fund is made by the Custodian in advance of receipt of the Securities securities purchased but in the absence of specified Written Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.of
Appears in 1 contract
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities for a Fund is made by the Custodian in advance of receipt of the Securities purchased but in the absence of specified Written or Oral Instructions to so pay in advance, the Custodian shall be liable to the Fund for such Securities to the same extent as if the Securities had been received by the Custodian.
Appears in 1 contract
Samples: Custody Agreement (Maplewood Investment Trust /Ma/)
Liability for Payment in Advance of Receipt of Securities Purchased. In any and every case where payment for the purchase of Securities domestic securities for a the account of the Fund is made by the Custodian in advance of receipt of the Securities securities purchased but in the absence of specified Written Instructions specific written instructions from the Fund to so pay in advance, the Custodian shall be absolutely liable to the Fund for such Securities securities to the same extent as if the Securities securities had been received by the Custodian.
Appears in 1 contract
