Release of Securities. Upon receipt of Written Instructions, the Custodian shall release, or cause the Depository to release and deliver Securities from the Company Account. If Securities sold by the Company are held in a Book-Entry System or Depository the Custodian shall transfer such Securities upon (i) receipt of advice of the Book-Entry System or Depository that payment for such Securities has been transferred to the Depository for receipt by the Company and (ii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Company.
Appears in 7 contracts
Samples: Private Investment Company (Mutual Fund Series Trust), Private Investment Company (Mutual Fund Series Trust), Private Investment Company (Mutual Fund Series Trust)
