Common use of Purchase of Investments Clause in Contracts

Purchase of Investments. Within a commercially reasonable time after each purchase of Investments by a Fund, the Company shall deliver to the Custodian (i) with respect to each purchase of Investments which are not Money Market Securities, Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Oral or Written Instructions, specifying with respect to each such purchase the: (a) Name of the issuer and the title of the securities; (b) Number of shares, principal amount purchased (and accrued interest, if any) or other units purchased; (i) Date of purchase and settlement; (ii) Purchase price per unit; (iii) Total amount payable; (iv) Name of the person from whom, or the broker through which, the purchase was made; (v) Name of the person to whom such amount is payable; and (vi) Name of the Fund for which the purchase was made. The Custodian shall, against receipt of Investments purchased by or for the Fund, pay out of the moneys held for the account of such Fund the total amount specified in the Written Instructions to the person named therein. The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Investments for a Fund, if in the relevant Fund custody account there is insufficient cash available to the Fund for which such purchase was made. With respect to any repurchase agreement transaction for the Funds, the Custodian shall assure that the collateral reflected on the transaction advice is received by the Custodian.

Purchase of Investments. Within a commercially reasonable time Promptly after each purchase of Investments by a Fundthe Company, the Company shall deliver to the Custodian (i) with respect to each purchase of Investments which are not Money Market Securities, Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Oral or Written Instructions, specifying with respect to each such purchase the: (a) Name of the issuer and the title of the securities; (b) Number of shares, principal amount purchased (and accrued interest, if any) or other units purchased; (i) Date of purchase and settlement; (ii) Purchase price per unit; (iii) Total amount payable; (iv) Name of the person from whom, or the broker through which, the purchase was made; (v) Name of the person to whom such amount is payable; and (vi) Name of the Fund for which the purchase was made. The Custodian shall, against receipt of Investments purchased by or for the FundCompany, pay out of the moneys held for the account of such Fund the total amount specified in the Written Instructions to the person named therein. The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Investments for a Fund, if in the relevant Fund custody account Account there is insufficient cash Cash available to the Fund for which such purchase was made. With respect to any repurchase agreement transaction for the FundsFund, the Custodian shall assure that the collateral reflected on the transaction advice is received by the Custodian.