Common use of PAYMENT OF CLIENT MONIES Clause in Contracts

PAYMENT OF CLIENT MONIES. Upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out, or direct the respective Foreign Sub-Custodian or the respective Foreign Securities System to pay out, monies of the Client in the following cases only:

Appears in 4 contracts

Samples: Custody Agreement (Lincoln National Equity Income Fund Inc), Custody Agreement (Lincoln National Capital Appreciation Fund Inc), Custody Agreement (Lincoln National Variable Annuity Fund A)

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PAYMENT OF CLIENT MONIES. Upon receipt of Proper Authorized Instructions, which may be continuing instructions when deemed appropriate by the partiesParties, the Custodian shall pay out, or direct the respective Foreign Sub-Custodian or the respective Foreign Securities System to pay out, monies of the Client in the following cases only:

Appears in 3 contracts

Samples: Custody Agreement (Lincoln National Equity Income Fund Inc), Custody Agreement (Lincoln National Aggressive Growth Fund Inc), Custody Agreement (Lincoln Variable Insurance Products Trust)

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