Receipt and Disbursement of Funds. (a) The Custodian shall open and maintain a separate account or accounts in the name of each Fund of the Trust, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement. The Custodian shall hold in safekeeping in such account or accounts, subject to the provisions hereof, all funds received by it from or for the account of the Trust. The Trust will deliver or cause to be delivered to the Custodian all funds owned by the Trust, including cash received for the issuance of its shares during the period of this Agreement. The Custodian shall make payments of funds to, or for the account of, the Trust from such funds only:
Appears in 13 contracts
Samples: Custody Agreement (Shanklin Investment Trust), Custodian Agreement (Woodlawn Funds Trust), Custodian Agreement (Capital Management Investment Trust)
