Deposit Account Payments. Subsection (b) is amended to read as follows:
Deposit Account Payments. Subject to the provisions of Section 7, the Bank shall make, or cause its subcustodians to make, payments of cash credited to the Deposit Account only
(a) in connection with the purchase of Securities for the Fund and the delivery of such Securities to, or the crediting of such Securities to the account of, the Bank or its subcustodian, each such payment to be made at prices as confirmed by Instructions (as defined in Section 9 hereof) from Authorized persons (as defined in Section 10 hereof);
(b) for the purchase or redemption of shares of the capital stock of the Fund and the delivery to, or crediting to the account of, the Bank or its subcustodian of such shares to be so purchased or redeemed;
(c) for the payment for the account of the Fund of dividends, interest, taxes, management or supervisory fees, capital distributions or operating expenses;
(d) for the payments to be made in connection with the conversion, exchange or surrender of Securities held in the Custody Account;
(e) for transmittal either to State Street Bank and Trust Company, sub-custodian of the Fund, or to Investors Fiduciary Trust Company, Custodian for the Fund;
(f) for other proper corporate purposes of the Fund; or
(g) upon the termination of this Custody Agreement as hereinafter set forth. All payments of cash for a purpose permitted by subsection (a), (b), (c), (d) or (e) of this Section 5 will be made only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose for which the payment is to be made and the applicable subsection of this Section 5. In the case of any payment to be made for the purpose permitted by subsection (f) of this Section 5, the Bank must first receive a certified copy of a resolution of the Board adequately describing such payment, declaring such purpose to be a proper purpose, and naming the person or persons to whom such payment is to be made. Any payment pursuant to subsection (g) of this Section 5 will be made in accordance with Section 17. In the event that any payment made under this Section 5 exceeds the funds available in the Deposit Account, the Bank may, in its discretion, advance the Fund an amount equal to such excess and such advance shall be deemed a loan from the Bank to the Fund, payable on demand, bearing interest at the rate of interest customarily charged by the Bank on similar loans. If the Bank causes the Deposit Account to be credited on the payable date for interest, dividends or redemptions, the...
Deposit Account Payments is amended to read as follows:
Deposit Account Payments. Subsection
Deposit Account Payments. Subject to the provisions of Section 7, the Bank shall make, or cause its subcustodians to make, payments of cash credited to the Deposit Account only: (a) in connection with the purchase of Securities for the Fund and the delivery of such securities to, or the crediting of such Securities to, or the crediting of such Securities to the account of, the Bank or its subcustodian, each such payment to be made at prices as confirmed by Instructions;
Deposit Account Payments. Subject to the provisions of Section 7, the Bank shall make, or cause its subcustodians to make, payments of cash credited to the Deposit Account only:
(a) in connection with the purchase of Securities for the Fund and the delivery of such securities to, or the crediting of such Securities to, or the crediting of such Securities to the account of, the Bank or its subcustodian, each such payment to be made at prices as confirmed by Instructions;
(b) for the purchase or redemption of shares of the capital stock of the Fund and the delivery to, or crediting to the account of, the Bank or is subcustodian of such shares to be so purchased or redeemed;
(c) for the payment for the account of the Fund of dividends, interest, taxes, management or supervisory fees, capital distributions or operating expenses;
(d) for the payments to be made in connection with the conversion, exchange or surrender of Securities held in the Custody Account;
(e) for other proper corporate purposes of the Fund; or
(f) upon the termination of the Custody Agreement as hereinafter set forth. All payments of cash for a purpose permitted by subsection (a), (b), (c) or (d) of this Section 5 will be made only upon receipt by the Bank of Instructions which shall specify the purpose for which the payment is to be made. In the case of any payment to be made for the purpose permitted by subsection (e) of the Section 5, the Bank must first receive a certified copy of a resolution of the Board of the Fund adequately describing such payment, declaring such purpose to be a proper corporate purpose, and naming the person or persons to whom such payment is to be made. Any payment pursuant to subsection (f) of this Section 5 will be made in accordance with Section 17. In the event that any payment made under this Section 5 exceeds the funds available in the Deposit Account, the Bank may, in its discretion, advance the Fund an amount equal to such excess and such advance shall be deemed a loan from the Bank to the Fund, payable on demand, bearing interest at the rate of interest customarily charged by the Bank on similar loans. If the Bank causes the Deposit Account to be credited on the payable date for interest, dividends or redemptions, the Fund will promptly return to the Bank any such amount or property so credited upon oral or written notification that neither the Bank nor its subcustodian can collect such amount or property in the ordinary course of business. The Bank or its subcustodian, as the ca...
Deposit Account Payments. Borrower shall be required to maintain its primary deposit account for operation of this Property with the Lender while any portion of the Loan is outstanding. Lender may automatically deduct monthly payments due under the Note from the foregoing deposit account, and Borrower shall be responsible for assuring a sufficient amount is in such account to timely make the payments as due under the Note. Borrower hereby consents and agrees that Lender may automatically deduct monthly payments due under the Note from Direct Debit Account #00000000, and Borrower shall be responsible for assuring a sufficient amount is in such account to timely make the payments as due under the Note.
Deposit Account Payments. Subject to the provisions of Section 7, the ------------------------ Bank shall make, or cause its subcustodian to make, payments of cash credited to a Deposit Account only: (a) in connection with the purchase of Securities for the particular Portfolio of the Fund involved and the delivery of such Securities to, or the crediting of such Securities to, the particular Custody Account of the Bank or its subcustodian, each such payment to be made at prices as confirmed by Instructions from Authorized Persons (as defined in Section 10 hereof); (b) for the purchase or redemption of shares of the capital stock of the particular Portfolio of the Fund involved and the delivery to, or crediting to the account of, the Bank or its subcustodian of such shares to be so purchased or redeemed;
Deposit Account Payments. Subject to the provisions of Section 7, the Bank shall make, or cause its subcustodians to make, payments of Cash credited to the Deposit Account only
(a) in connection with the purchase of Securities for the Fund and the delivery of such securities to, or the crediting of such Securities to the account of, the Bank or its subcustodian, each such payment to be made at prices as confirmed by Instructions (as defined in Section 9 hereof) from Authorized Persons (as defined in Section 10 hereof);
(b) for the payment for the account of the Fund of operating expenses;
(c) for the payments to be made in connection with the conversion, exchange or surrender of Securities held in the Custody Account;
(d) for other proper corporate purposes of the Fund; or
(e) upon the termination of this Custody Agreement as hereinafter set forth. All payments of Cash for a purpose. permitted by subsection (a), (b) or (c) of this Section 5 will be made only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose for which the payment is to be made and the applicable subsection of this Section 5. In the case of any payment to be made for the purpose permitted by subsection (d) of this Section 5, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such payment, declaring such purpose to. be a proper corporate purpose, and naming the person or persons to whom such payment is to be made. Any payment pursuant to subsection (e) of this Section 5 will be made in accordance with Section 17. In the event that any payment made under this Section 5 exceeds the funds available in the Deposit Account, the Bank may, in its discretion, advance the Company an amount equal to such excess and such advance, payable, shall be deemed a loan from the Bank to the Company,. payable -on demand, bearing interest at the rate of interest customarily charged by the Bank on similar loans. If the Bank causes the Deposit Account to be credited on the payable date for interest, dividends or redemptions, the Company, upon written instructions from the Fund, will promptly return to the Bank any such amount or property so credited upon oral or written notification that neither the Bank nor its subcustodian can collect such amount or property in the ordinary course of business. Except for such actions as the Bank may lawfully perform pursuant to Instructions of Authorized Persons, the Bank or its subcustodian...
