Common use of Payment of Trust Monies Clause in Contracts

Payment of Trust Monies. Upon receipt of Proper Instructions from the Trust on behalf of the applicable Portfolio, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out monies of a Portfolio in the following cases only:

Appears in 23 contracts

Samples: Custodian Agreement (American Beacon Select Funds), Custodian Agreement (American Beacon Institutional Funds Trust), Custodian Contract (Legg Mason Investment Trust)

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Payment of Trust Monies. Upon receipt of Proper Instructions from the Trust on behalf of the applicable Portfolio, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out monies of a Portfolio in the following cases only:

Appears in 3 contracts

Samples: Custodian Agreement (Wasatch Funds Trust), Custodian Agreement (Wasatch Funds Trust), Custodian Agreement (MFS Series Trust X)

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Payment of Trust Monies. Upon receipt of Proper Instructions from the Trust on behalf of the applicable PortfolioInstructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out monies of a Portfolio the Portfolios in the following cases only:

Appears in 1 contract

Samples: Custodian Agreement (Premier Multi-Series VIT)

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