Common use of Payment for Transactions Clause in Contracts

Payment for Transactions. On a daily basis, Administrator will notify Pershing of the Transactions on your Account that Administrator receives. Pershing will make payments to Bank (via Administrator) on your behalf on each Business Day that Pershing receives notice of the Transactions. You authorize Pershing to charge your Account in order to pay for Transactions. Each Transaction shall be considered to be your direction to us to charge or reduce your Available Balance. The Available Balance comprises the following three components (and Pershing will make payments for the charges in the following order of priority): (1) any free credit balances in your Account; (2) the net asset value of the shares in the Funds; (3) the available margin loan value of securities in the Account (if your Account is established as a margin account). When you use your Card, the charge or reduction to your Available Balance occurs immediately and you understand that you have no right to stop payment on any Card Transaction. See the Stop Payment – Checks section below to learn how to stop payments on Checks you have written. You understand that Card Authorizations will reduce your Available Balance by the amount of the Card Authorization even if the Card Authorization does not result in a Transaction. Note that a Card Authorization will reduce your Available Balance until the Transaction is completed in whole or in part, or after the expiration of a time period specified by us. If there is more than one person who is authorized to sign on the Account, you authorize us to pay Card drafts on the authority of any one or more of the signatures of the individuals identified and carried on the Account record. See below for more information about joint Accounts.

Payment for Transactions. On a daily basis, Administrator PNC will notify Pershing you of the Transactions on your my Account that Administrator PNC receives. Pershing You will make payments to Bank (via Administrator) PNC on your my behalf on each Business Day that Pershing receives you receive notice of the Transactions. You I authorize Pershing you to charge your my Account in order to pay for Transactions. Each Transaction shall be considered to be your my direction to us you to charge or reduce your my Available Balance. The Available Balance comprises the following three components (and Pershing You will make payments for the charges in the following order of priority): : (1) any from available free credit balances in your my Securities Account; (2) from the net asset value proceeds of the shares in the Fundsredemptions of my Money Market Fund shares; and (3) if these sources are insufficient, from the available margin loan value of the eligible securities in the my Securities Account (if your unless I have specifically declined the margin option on the application.) I hereby authorize you to (1) redeem shares in my Money Market Fund; and/or (2) extend margin loans to me, as is necessary, to pay Valet Account Charges. The manner in which interest is established as a charged on margin account)loans is described following this Agreement. When you I use your my Card, the charge or reduction to your my Available Balance occurs immediately and you I understand that you I have no right to stop payment on any Card Transaction. See the Stop Payment – Checks section below to learn how to stop payments on Checks you I have written. You I understand that Card Authorizations will reduce your my Available Balance by the amount of the Card Authorization even if the Card Authorization does not result in a Transaction. Note that a Card an Authorization will reduce your my Available Balance until the Transaction is completed in whole or in part, or after the expiration of a time period specified by usyou. If there is more than one person who is authorized to sign on the Account, I authorize you authorize us to pay Card drafts on the authority of any one or more of the signatures of the individuals identified and carried on the Account record. See below for more information about joint Accounts. I promise not to let any unauthorized person make a Transaction. If I permit an unauthorized person to make a Transaction(s), even if the amount of actual use exceeds the amount I authorized, I will be responsible for the full amount of all Transaction(s) that result.

Payment for Transactions. On a daily basis, Administrator will notify Pershing of the Transactions on your Your Account that of which Administrator receivesbecomes aware. Pershing will make payments to Bank (via Administrator) on your Your behalf on each Business Day that Pershing receives notice of the Transactions. You authorize Pershing to charge your Your Account in order to pay for Transactions. Each Transaction shall be considered to be your Your direction to us Us to charge or reduce your Your Available Balance. The Available Balance comprises the following three components (and Pershing will make payments for the charges in the following order of priority): ): (1) any free credit balances in your Your Account; (2) the net asset value of the shares in the Funds; (3) the available margin loan value of securities in the Account (if your Account Your Corestone account is established as a margin account). When you You use your Your Card, the charge or reduction to your Your Available Balance generally occurs immediately with the exception of pre-authorized Transactions and you You understand that you You have no right to stop payment on any Card Transaction. See the Stop Payment – — Checks section below to learn how to stop payments on Checks you You have written. Also, see the pre-authorized Transaction section to learn how to stop payments on pre-authorized Card and ACH Transactions. You understand that Card Authorizations will reduce your Your Available Balance by the amount of the Card Authorization even if the Card Authorization does not result in a Transaction. Note that a Card Authorization will reduce your Your Available Balance until the Transaction is completed in whole or in part, or after the expiration of a time period specified by usUs. If there is more than one person who is authorized to sign on the Account, you You authorize us Us to pay Card drafts on the authority of any one or more of the signatures of the individuals identified and carried on the Account record. See below for more information about joint Accounts.

Payment for Transactions. On a daily basis, Administrator will notify Pershing of the Transactions on your Your Account that Administrator receives. Pershing will make payments to Bank (via Administrator) on your Your behalf on each Business Day that Pershing receives notice of the Transactions. You authorize Pershing to charge your Your Account in order to pay for Transactions. Each Transaction shall be considered to be your Your direction to us Us to charge or reduce your Your Available Balance. The Available Balance comprises the following three components (and Pershing will make payments for the charges in the following order of priority): (1) any free credit balances in your Your Account; (2) the net asset value of the shares in the Funds; (3) the available margin loan value of securities in the Account (if your Your Corestone Account is established as a margin account). When you You use your Your Card, the charge or reduction to your Your Available Balance occurs immediately and you You understand that you You have no right to stop payment on any Card Transaction. See the Stop Payment – — Checks section below to learn how to stop payments on Checks you You have written. You understand that Card Authorizations will reduce your Your Available Balance by the amount of the Card Authorization even if the Card Authorization does not result in a Transaction. Note that a an Card Authorization will reduce your Your Available Balance until the Transaction is completed in whole or in part, or after the expiration of a time period specified by usUs. If there is more than one person who is authorized to sign on the Account, you You authorize us Us to pay Card drafts on the authority of any one or more of the signatures of the individuals identified and carried on the Account record. See below for more information about joint Accounts.