PAYMENT FOR SHARES ISSUED. The Custodian shall receive from the distributor of a Fund or from the Fund’s transfer agent (the “Transfer Agent”) and deposit into the account of the Portfolio such payments as are received for Shares, in Creation Unit aggregations, issued or sold from time to time by the Fund. The Custodian will provide timely notification to the Fund on behalf of the Portfolio and the Transfer Agent of any receipt of the payments by the Custodian.
PAYMENT FOR SHARES ISSUED. If a Fund shall sell any Shares, the Fund shall deliver instructions, or cause the Fund’s Transfer Agent to provide instructions, to the Custodian, specifying the amount of cash, if any, to be received by the Custodian in connection with the sale of such Shares and specifically allocated to the Fund’s account. The Custodian will provide timely notification to the Fund and the Transfer Agent of any receipt of the cash payments by the Custodian.
PAYMENT FOR SHARES ISSUED. The Custodian shall receive from the Distributor of beneficial interests in a Portfolio (“Shares”) of the Fund or from the Fund’s Transfer Agent and deposit into the account of the Portfolio such payments as are received for Shares issued or sold from time to time by the Fund. The Custodian will provide timely notification to the Fund on behalf of the Portfolio and the Transfer Agent of any receipt of the payments by the Custodian.
