Common use of Payment of Monies, Delivery of Securities Clause in Contracts

Payment of Monies, Delivery of Securities. Subject to Section 2.7, the Custodian shall pay for securities purchased for the account the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. Subject to Section 2.2, the Custodian shall transfer securities sold for the account of the Fund upon (i) receipt of advice from the Securities System that payment for such securities has been transferred to the Account, and (ii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advice from the Securities System of transfers of securities for the account of the Fund shall identify the, be maintained for the Fund by the Custodian and be provided to the Fund at its request. The Custodian shall furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;

Payment of Monies, Delivery of Securities. Subject to Section 2.7, the Custodian shall pay for securities purchased for the account the of any Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Trust on behalf of such Fund. Subject to Section 2.2, the Custodian shall transfer securities sold for the account of the any Fund upon (i) receipt of advice from the Securities System that payment for such securities has been transferred to the Account, and (ii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Trust on behalf of such Fund. Copies of all advice advices from the Securities System of transfers of securities for the account of the Fund Trust shall identify thethe Trust and the applicable Fund, be maintained for the Fund Trust by the Custodian and be provided to the Fund Trust at its request. The Custodian shall furnish the Fund Trust confirmation of each transfer to or from the account of the Fund Trust in the form of a written advice or notice and shall furnish to the Fund Trust copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the each Fund;