Common use of Payment of Income Clause in Contracts

Payment of Income. Until such time that Custodian shall receive a Notice of Default from Buyer pursuant to Paragraph 8, Custodian shall credit to Seller's Account Income received by Custodian. After receipt of such Notice of Default from Buyer, Custodian shall credit to Buyer's Account Income received by Custodian.

Appears in 3 contracts

Samples: Repurchase Agreement (College Retirement Equities Fund), archive.rcgov.org, Vanguard CMT Funds

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Payment of Income. Until such time that Custodian shall receive a Notice of Default from Buyer pursuant to Paragraph 8, Custodian shall credit to Seller's ’s Account Income received by Custodian. After receipt of such Notice of Default from Buyer, Custodian shall credit to Buyer's ’s Account Income received by Custodian.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Tiaa-Cref Funds), Forms of Custodial Agreement (Vanguard CMT Funds), Forms of Custodial Agreement (Vanguard CMT Funds)

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Payment of Income. Until such time that Custodian shall receive a Notice of Default from Buyer pursuant to Paragraph 8, Custodian shall credit to Seller's Account Income received by Custodian. After receipt of such Notice of Default from Buyer, Custodian shall credit to BuyerXxxxx's Account Income received by Custodian.

Appears in 1 contract

Samples: archive.rcgov.org

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