Purchases Generally Clause Samples
Purchases Generally. To pay for and receive Property purchased for the account of such Portfolio, payment to be made only (1) in accordance with the customary or established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, (2) in the case of a purchase effected through a depository system, in accordance with the conditions set forth in Section 3(d) hereof, or (3) in the case of repurchase agreements, against delivery of the Securities which are the subject of such repurchase agreement in certificate form or receipt of advice from a depository system that such Securities have been transferred to the Portfolio's Account (except that in the case of a repurchase agreement Northern may transfer funds to the Account of the other party to the repurchase agreement (i.e., the seller of the Securities) prior to the receipt of written evidence that the Securities subject to such repurchase agreement have been transferred by book-entry into the Portfolio's Account, provided that Northern shall be responsible to the Trust in the event that such Securities are not so transferred by book-entry), the making of an entry on the records of Northern reflecting such transfer, and receipt of written evidence of the agreement by such person to repurchase such Securities from such Portfolio. All Securities accepted by Northern either shall be accompanied by payment of, or a "due ▇▇▇▇" for, any dividends, interest or other distributions of the issuer, due the purchaser or Northern shall take such action as may be necessary to obtain the same.
Purchases Generally. To pay for and receive securities purchased for the account of such Portfolio, payment to be made only (a) upon receipt of the securities by State Street (or any bank qualified under the 1940 Act to act as custodian of the assets of a registered management investment company (a "Qualified Bank") and appointed by State Street pursuant to Section 8A hereof as State Street's agent for this purpose or appointed as sub-custodian pursuant to Section 8B hereof), registered as provided in Section 3B hereof or in form for transfer satisfactory to State Street, (b) in the case of a purchase effected through a Depository System, in accordance with the conditions set forth in Section 3D hereof, (c) in the case of repurchase agreements entered into between such Portfolio and State Street, against receipt of advice from a Depository System that the securities owned by State Street which are the subject of such repurchase agreement have been transferred to the Book Entry Account, the making of an entry on the records of State Street reflecting such transfer, and issuance of written evidence of the agreement by State Street to repurchase such securities from such Portfolio, (d) in the case of repurchase agreements entered into between such Portfolio and a person other than State Street, against delivery of the securities which are the subject of such repurchase agreement in certificate form or receipt of advice from a Depository System that such securities have been transferred to the Book Entry Account, the making of any entry on the records of State Street reflecting such transfer, and receipt of written evidence of the agreement by such person to repurchase such securities from such Portfolio, or (e) for transfer to an account of the fund in any bank, whether domestic or foreign; such transfer may be affected prior to receipt of a confirmation from a broker and/or the applicable bank pursuant to Proper Instructions from the Fund as defined in Section 9. All securities accepted by ▇▇▇▇▇ ▇▇▇▇▇▇ shall be accompanied by payment of, or a "due ▇▇▇▇" for, any dividends, interest or other distributions of the issuer, due the purchaser. In any and every case of a purchase of securities for the account of such Portfolio where payment is made by State Street in advance of receipt of the securities purchased, State Street shall be absolutely liable to the Fund for such securities to the same extent as if the securities had been received by State Street, except that in the case of ...
Purchases Generally. To pay for and receive securities purchased for the ------------------- account of such Portfolio, payment being made only upon receipt of the securities by State Street (or any bank, banking firm, responsible commercial agent or trust company doing business in the United States and/or any foreign country and appointed by State Street pursuant to (S)8A as State Street's agent for this purpose or appointed as sub-custodian pursuant to (S)8B), registered as provided in (S)3B or in form for transfer satisfactory to State Street. All securities accepted by State Street shall be accompanied by payment of, or a "due ▇▇▇▇" for, any dividends, interest or other distributions of the issuer, due the purchaser.
Purchases Generally. On any date during the Reinvestment Period (and after the Reinvestment Period, subject to certain limitations specified in Section 12.2(b)(ii), with respect to Post-Reinvestment Principal Proceeds), the Collateral Manager, on behalf of the Issuer, may, subject to the other requirements in this Indenture, but will not be required to, direct the Trustee to invest or reinvest Principal Proceeds (together with Interest Proceeds, but only to the extent representing interest income on funds held in the Collection Account), proceeds of additional notes issued pursuant to Section 2.13 and
Purchases Generally. AU Vault shall provide details of the smallest units of each Precious Metal available for purchase through the Account and prior to the Buyer placing an Order.
Purchases Generally