Common use of Payments for Shares Clause in Contracts

Payments for Shares. The Custodian shall cause one or more Sub-Custodians to deposit into the Fund's account amounts received from the Transfer Agent of the Fund for shares of the Fund issued by the Fund and sold by its distributor. The Custodian will provide timely notification to the Fund of any receipt by the Sub-Custodian from the Transfer Agent of payments for shares of the Fund.

Appears in 35 contracts

Samples: Custodian Agreement (Putnam Classic Equity Fund), Custodian Agreement (Putnam Asset Allocation Funds), Custodian Agreement (Putnam High Income Bond Fund)

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