Common use of Obligation of Sender Clause in Contracts

Obligation of Sender. The Transfer Agent is authorized to promptly debit the appropriate Trust account(s) upon the receipt of a payment order in compliance with the selected security procedure (the "Security Procedure"), attached hereto as Schedule C chosen for Trusts transfer and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Trusts instructions on the execution date provided that such payment order is received by the customary deadline as defined in the then current Prospectus and Statement of Additional Information for processing such a request, unless the payment order specifies a later time. All payment orders and communications received after the customary deadline will be deemed to have been received the next business day.

Obligation of Sender. The Transfer Agent is authorized to promptly debit the appropriate Trust Fund account(s) upon the receipt of a payment order in compliance with the selected security procedure (the "Security Procedure"), attached hereto as Schedule C ) chosen for Trusts funds transfer on the form provided by the Transfer Agent (the "Fund Selection Form") and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Trusts Fund instructions on the execution date provided that such payment order is received by the customary deadline as defined in the then current Prospectus and Statement of Additional Information for processing such a request, unless the payment order specifies a later time. All payment orders and communications received after the customary deadline will be deemed to have been received the next business day.

Obligation of Sender. The Transfer Agent is authorized to promptly debit the appropriate Trust account(s) upon the receipt of a payment order in compliance with the selected security procedure (the "“Security Procedure"”), attached hereto as Schedule C chosen for Trusts transfer and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Trusts instructions on the execution date provided that such payment order is received by the customary deadline as defined in the then current Prospectus and Statement of Additional Information for processing such a request, unless the payment order specifies a later time. All payment orders and communications received after the customary deadline will be deemed to have been received the next business day.