Common use of Payment of Monies Clause in Contracts

Payment of Monies. From time to time, the Custodian shall upon its receipt of a Letter or Notice, such Notice to be followed by written confirmation in the form of a Transfer Letter (as used herein the term "Transfer Letter" shall mean the Fund's transfer letter, substantially in the form of Exhibit C attached hereto) or Electronic Instruction, transfer monies from the Custody Account; PROVIDED THAT: the Custodian complies with the requirements of The Chase Manhattan Bank Funds Transfer Service Security Procedure Agreement (Exhibit D). From time to time, the Fund shall notify Custodian of deposits for its accounts. Upon receipt of funds identifying the Fund by account number as beneficiary, the Custodian shall credit such funds to the account identified and notify the Fund.

Appears in 4 contracts

Samples: Custody Agreement (State Farm Growth Fund Inc), Custody Agreement (State Farm Interim Fund Inc), Custody Agreement (State Farm Municipal Bond Fund Inc)

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Payment of Monies. From time to time, the Custodian shall upon its receipt of a Letter or Notice, such Notice to be followed by written confirmation in the form of a Transfer Letter (as used herein the term "Transfer Letter" shall mean the Fund's transfer letter, substantially in the form of Exhibit C B attached hereto) or Electronic Instruction, transfer monies from the Custody Account; PROVIDED THAT: the Custodian complies with the requirements of The Chase Manhattan Bank Funds Transfer Service Security Procedure Agreement (Exhibit DC). From time to time, the Fund shall notify Custodian of deposits for its accounts. Upon receipt of funds identifying the Fund by account number as beneficiary, the Custodian shall credit such funds to the account identified and notify the Fund.

Appears in 4 contracts

Samples: Custody Agreement (State Farm Municipal Bond Fund Inc), Custody Agreement (State Farm Balanced Fund Inc), Custody Agreement (State Farm Interim Fund Inc)

Payment of Monies. From time to time, the Custodian shall upon its receipt of a Letter or Notice, such Notice to be followed by written confirmation in the form of a Transfer Letter (as used herein the term "Transfer Letter" shall mean the Fund's transfer letter, substantially in the form of Exhibit C D attached hereto) or Electronic Instruction, transfer monies from the Custody Account; PROVIDED THAT: the Custodian complies with the requirements of The Chase Manhattan Bank Funds Transfer Service Security Procedure Agreement (Exhibit DE). From time to time, the Fund shall notify Custodian of deposits for its accounts. Upon receipt of funds identifying the Fund by account number as beneficiary, the Custodian shall credit such funds to the account identified and notify the Fund.

Appears in 3 contracts

Samples: Custody Agreement (State Farm Mutual Fund Trust), Custody Agreement (State Farm Growth Fund Inc), Custody Agreement (State Farm Growth Fund Inc)

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Payment of Monies. From time to time, the Custodian shall upon its receipt of a Letter or NoticeNotice , such Notice to be followed by written confirmation in the form of a Transfer Letter (as used herein the term "Transfer Letter" shall mean the FundTrust's transfer letter, substantially in the form of Exhibit C B attached hereto) or Electronic Instruction, transfer monies from the Custody Account; PROVIDED THAT: the Custodian complies with the requirements of The the Chase Manhattan Bank Funds Transfer Service Security Procedure Agreement (Exhibit DC). From time to time, the Fund Trust shall notify Custodian of deposits for its accounts. Upon receipt of funds identifying the Fund Trust or Funds by account number as beneficiary, the Custodian shall credit such funds to the account identified and notify the FundTrust.

Appears in 1 contract

Samples: Custody Agreement (State Farm Variable Product Trust)

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