PAYMENT OF PORTFOLIO MONIES. The Custodian shall pay out, or direct the respective Eligible Foreign Custodian or the respective Foreign Securities System to pay out, monies of a Portfolio only upon receipt of Proper Instructions specifying (a) the amount of such payment and (b) the person or persons to whom such payment is to be made.
Appears in 9 contracts
Samples: Master Custodian Agreement (Rivernorth Opportunities Fund, Inc.), Master Custodian Agreement (RiverNorth Specialty Finance Corp), Master Custodian Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)
PAYMENT OF PORTFOLIO MONIES. The Custodian shall pay out, or direct the respective Eligible Foreign Custodian or the respective Foreign Securities System to pay out, monies cash of a Portfolio only upon receipt of Proper Instructions specifying (a) the amount of such the payment and (b) the person or persons to whom such payment is to be made.
Appears in 5 contracts
Samples: Master Custodian Agreement (X-Square Series Trust), Master Custodian Agreement (Sprott ETF Trust), Master Custodian Agreement (ALPS ETF Trust)
PAYMENT OF PORTFOLIO MONIES. The Custodian shall pay out, or direct the respective Eligible Foreign Sub-Custodian or the respective Foreign Securities System to pay out, monies of a Portfolio Portfolio, only upon receipt of Proper Instructions Instructions, which may be continuing instructions when deemed appropriate by the parties, specifying (a) the amount of such payment and (b) the person or persons to whom such payment is to be made.
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