Use of Book-Entry System for Commercial Paper. The Bank may maintain a system for the holding of commercial paper in book-entry form ("Book-Entry Paper"). Upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer (as defined below) that each Fund has purchased such Issuer's Book-Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the Fund, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the "Issuers"). In maintaining procedures for Book-Entry Paper, the Bank agrees that:
Appears in 10 contracts
Samples: Master Custodian Agreement (Mainstay Funds), Master Custodian Agreement (Eclipse Funds Inc.), Master Custodian Agreement (Mainstay Funds)
Use of Book-Entry System for Commercial Paper. The Bank may maintain a system for the holding of commercial paper in book-entry form ("“Book-Entry Paper"”). Upon receipt of Proper Instructions and upon receipt of confirmation from an Issuer (as defined below) that each Fund has purchased such Issuer's ’s Book-Entry Paper, the Bank shall issue and hold in book-entry form, on behalf of the Fund, commercial paper issued by issuers with whom the Bank has entered into a book-entry agreement (the "“Issuers"”). In maintaining procedures for Book-Entry Paper, the Bank agrees that:
Appears in 2 contracts
Samples: Master Custodian Agreement (Mainstay Funds Trust), Master Custodian Agreement (Icap Funds Inc)
