Common use of Liability for Payment in Advance of Receipt of Securities Purchased Clause in Contracts

Liability for Payment in Advance of Receipt of Securities Purchased. Except as otherwise provided in this Agreement, in any and every case where payment for purchase of securities for the account of the Fund is made by a Sub-Custodian in advance of receipt of the securities purchased in the absence of specific written instructions from the Fund to so pay in advance, the Custodian shall cause the Sub-Custodian to be absolutely liable to the Fund in the event any loss results to the Fund from the payment by the Sub-Custodian in advance of delivery of such securities.

Liability for Payment in Advance of Receipt of Securities Purchased. Except as otherwise provided in this Agreement, in any and every case where payment for purchase of securities for the account of the Fund is made by a the Sub-Custodian in advance of receipt of the securities purchased in the absence of specific written instructions Proper Instructions from the Fund Custodian to so pay in advance, the Custodian shall cause the Sub-Custodian to shall be absolutely liable to the Fund and the Custodian in the event any loss results to the Fund or the Custodian from the payment by the Sub-Custodian in advance of delivery of such securities.

Liability for Payment in Advance of Receipt of Securities Purchased. Except as specifically stated otherwise provided in this AgreementContract, in any and every case where payment for purchase of securities for the account of the Fund is made by a the Sub-Custodian in advance of receipt of the securities purchased in the absence of specific written instructions from the Corporation with respect to the Fund to so pay in advance, the Custodian shall cause the Sub-Custodian to shall be absolutely liable to the Fund in the event any loss results for such securities to the Fund from same extent as if the payment securities had been received by the Sub-Custodian in advance of delivery of such securitiesCustodian.

Liability for Payment in Advance of Receipt of Securities Purchased. Except as specifically stated otherwise provided in this AgreementContract, in any and every case where payment for purchase of domestic securities for the account of the Fund a Portfolio is made by a the Sub-Custodian in advance of receipt of the securities purchased in the absence of specific written instructions from the Fund on behalf of such Portfolio to so pay in advance, the Sub- Custodian shall cause the Sub-Custodian to be absolutely liable to the Fund in the event any loss results for such securities to the Fund from same extent as if the payment securities had been received by the Sub-Custodian in advance of delivery of such securitiesCustodian.

Liability for Payment in Advance of Receipt of Securities Purchased. Except as specifically stated otherwise provided in this AgreementContract, in any and every case where payment for purchase of securities for the account of the Fund Funds is made by a Sub-Custodian the Subcustodian in advance of receipt of the securities purchased in the absence of specific written instructions from the Fund Funds to so pay in advance, the Custodian Subcustodian shall cause the Sub-Custodian to be absolutely liable to the Fund in the event any loss results Funds for such securities to the Fund from same extent as if the payment securities had been received by the Sub-Custodian in advance of delivery of such securitiesSubcustodian.