Common use of Purchases of Securities Clause in Contracts

Purchases of Securities. PFPC Trust shall settle purchased securities upon receipt of Oral Instructions or Written Instructions that specify: (i) the name of the issuer and the title of the securities, including CUSIP number if applicable; (ii) the number of shares or the principal amount purchased and accrued interest, if any; (iii) the date of purchase and settlement; (iv) the purchase price per unit; (v) the total amount payable upon such purchase; and (vi) the name of the person from whom or the broker through whom the purchase was made (the foregoing provisions of this sub-section (vi) do not apply to purchases of Portfolio Funds). PFPC Trust shall upon receipt of securities purchased by or for a Fund (or otherwise in accordance with standard market practice) pay out of the monies held for the account of such Fund 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 Oral Instructions or Written Instructions. Provided that PFPC Trust shall not take any action relating to any investments in or holdings of any Portfolio Funds except upon Written Instructions that are given and confirmed in such manner as PFPC Trust may from time to time determine.

Purchases of Securities. PFPC Trust shall settle purchased securities upon receipt of Oral Instructions or Written Instructions that specify: (i) the name of the issuer and the title of the securities, including CUSIP number if applicable; (ii) the number of shares or the principal amount purchased and accrued interest, if any; (iii) the date of purchase and settlement; (iv) the purchase price per unit; (v) the total amount payable upon such purchase; and; (vi) the name of the person from whom or the broker through whom the purchase was made made; and (vii) the foregoing provisions of this sub-section (vi) do not apply Account to purchases of Portfolio Funds)which such purchase applies. PFPC Trust shall upon receipt of securities purchased by or for a Fund (or otherwise in accordance with standard prevailing market practice) practice pay out of the monies held for in the account of such Fund Account to which the purchase applies 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 Oral Instructions or Written Instructions. Provided that Nothing in this Agreement shall require PFPC Trust shall not take to make any action relating advance in order to any investments in or holdings of any Portfolio Funds except upon Written Instructions that are given and confirmed in such manner as PFPC Trust may from time to time determinesettle purchased securities.

Purchases of Securities. PFPC Trust shall settle purchased securities upon receipt of Oral Instructions or Written Instructions that specify: (i) the name of the issuer and the title of the securities, including CUSIP number if applicable; (ii) the number of shares or the principal amount purchased and accrued interest, if any; (iii) the date of purchase and settlement; (iv) the purchase price per unit; (v) the total amount payable upon such purchase; and; (vi) the name of the person from whom or the broker through whom the purchase was made made; and (vii) the foregoing provisions of this sub-section (vi) do not apply Acount to purchases of Portfolio Funds)which such purchase applies. PFPC Trust shall upon receipt of securities purchased by or for a Fund (or otherwise in accordance with standard prevailing market practice) practice pay out of the monies held for in the account of such Fund Account to which the purchase applies 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 Oral Instructions or Written Instructions. Provided that Nothing in this Agreement shall require PFPC Trust shall not take to make any action relating advance in order to any investments in or holdings of any Portfolio Funds except upon Written Instructions that are given and confirmed in such manner as PFPC Trust may from time to time determinesettle purchased securities.