Common use of PURCHASES OF PROPERTY Clause in Contracts

PURCHASES OF PROPERTY. The Custodian shall settle purchased securities upon receipt of Written Instructions that specify: (a) the name of the issuer and the title of the securities or other Property, including CUSIP number if applicable; (b) the number of shares or the principal amount or amount of Interests purchased and accrued interest, if any; (c) the date of purchase and settlement; (d) the purchase price per unit; (e) the total amount payable upon such purchase; (f) the name of the person from whom or the broker through whom the purchase was made. The Custodian shall upon receipt of Property purchased by or for the Customer shall release wires previously initiated by the Customer to pay out of the moneys held for the account of the Customer the total amount payable to the person from whom or the broker through whom the purchase was made, provided that the same conforms to the total amount payable as set forth in such Written Instructions.

PURCHASES OF PROPERTY. The Custodian Bank shall settle purchased securities upon receipt of Written Instructions that specify: (a) the name of the issuer and the title of the securities or other Property, including CUSIP number if applicable; (b) the number of shares or the principal amount or amount of Interests purchased and accrued interest, if any; (c) the date of purchase and settlement; (d) the purchase price per unit; (e) the total amount payable upon such purchase; (f) the name of the person from whom or the broker through whom the purchase was made. The Custodian Bank shall upon receipt of Property purchased by or for the Customer shall release wires previously initiated by the Customer to pay out of the moneys held for the account of the Customer the total amount payable to the person from whom or the broker through whom the purchase was made, provided that the same conforms to the total amount payable as set forth in such Written Instructions.