Use of Book-Entry System. The Fund shall deliver to PFPC Trust certified resolutions of the Board approving, authorizing and instructing PFPC Trust on a continuous basis, to deposit in the Book-Entry System all securities belonging to the Portfolios eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Portfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PFPC Trust shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions. PFPC Trust shall administer the Book-Entry System as follows:
(i) With respect to securities of each Portfolio which are maintained in the Book-Entry System, the records of PFPC Trust shall identify by book-entry or otherwise those securities belonging to each Portfolio. PFPC Trust shall furnish to the Fund a detailed statement of the Property held for each Portfolio under this Agreement at least monthly and from time to time and upon written request.
(ii) Securities and any cash of each Portfolio deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by PFPC Trust in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. PFPC Trust and its sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money.
(iii) All books and records maintained by PFPC Trust which relate to the Fund's participation in the Book-Entry System will be open to the inspection of Authorized Persons at all times during PFPC Trust's regular business hours, and PFPC Trust will furnish to the Fund all information in respect of the services rendered as it may require. PFPC Trust will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.
Use of Book-Entry System. PFPC Trust is authorized and instructed, on a continuous basis, to deposit in the Book-Entry System all securities belonging to the Portfolios eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Portfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PFPC Trust shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions. PFPC Trust shall administer the Book-Entry System as follows:
(i) With respect to securities of each Portfolio which are maintained in the Book-Entry System, the records of PFPC Trust shall identify by Book-Entry or otherwise those securities belonging to each Portfolio.
(ii) Assets of each Portfolio deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by PFPC Trust in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. PFPC Trust will provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.
Use of Book-Entry System. SEI Trust is authorized and instructed, on a continuous basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. SEI Trust shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions. SEI Trust shall administer the Book-Entry System as follows:
(a) With respect to securities of the Fund which are maintained in the Book-Entry System, the records of SEI Trust shall identify by Book-Entry or otherwise those securities belonging to the Fund.
(b) Assets of the Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by SEI Trust in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. SEI Trust will provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.
Use of Book-Entry System. The Fund shall deliver to PNC Bank certified resolutions of the Fund's Governing Board approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the Book-Entry System properly, the following provisions shall apply: (i) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of PNC Bank shall identify by Book-Entry or otherwise those securities belonging to the Fund. PNC Bank shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request.
Use of Book-Entry System. The Customer shall deliver to the Bank a certified resolution of the Board of Trustees of the Customer approving, authorizing and instructing the Bank on a continuous and on-going basis until instructed to the contrary by Instructions actually received by the Bank (i) to deposit in the Book-Entry System (defined below) all securities of the Customer eligible for deposit therein and (ii) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Customer, and deliveries and returns of securities collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto:
(a) Securities and any cash of the Customer deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. The Bank and its Subcustodians will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money unless otherwise instructed.
(b) All books and records maintained by the Bank which relate to the Customer's participation in the Book-Entry System will at all times during the Bank's regular business hours be open to the inspection of the Customer's duly authorized employees or agents and the Customer will be furnished with information in respect of the services rendered to it as it may reasonably require.
(c) The Bank will provide the customer with copies of any report obtained by the Bank on the System of internal accounting control of the Book-Entry System as soon as practicable after receipt of such a report by the Bank. The Bank will also provide the Customer with such reports on its own system of internal control as the Customer may reasonably request from time to time.
(d) As used in this Agreement, the term "Book-Entry System" means the Federal Reserve/Treasury book-entry system for United States and federal agency securities, its successor or successors and its nominee or nominees and any book-entry system maintained by a clearing agency registered with the SEC pursuant to Section 17A of the Securities and Exchange Act of 1934, use of which has been approved by resolutions adopted by the Customer's Board of Trustees.
Use of Book-Entry System. The Fund shall deliver to PNC Bank certified resolutions of the Fund's Governing Board approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the Book-Entry System properly, the following provisions shall apply:
(i) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of PNC Bank shall identify by Book-Entry or otherwise those securities belonging to the Fund. PNC Bank shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request.
(ii) Securities and any cash of the Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by PNC Bank in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. PNC Bank and its sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money.
(iii) All books and records maintained by PNC Bank which relate to the Fund's participation in the Book-Entry System will at all times during PNC Bank's regular business hours be open to the inspection of the Fund's duly authorized employees or agents, and the Fund will be furnished with all information in respect of the services rendered to it as it may require.
(iv) PNC Bank will provide the Fund with copies of any report
Use of Book-Entry System. SEI Trust is authorized and instructed, on a continuous basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with
Use of Book-Entry System. Client hereby authorizes MetWest, in its sole discretion, to deposit in the Book-Entry System, and the applicable Depositories all Securities eligible for deposit therein and to utilize the Book-Entry System, and Depositories to the extent possible in connection with MetWest's receipt and delivery of Securities, Collateral, Investments and monies under this Agreement.
Use of Book-Entry System. The Company shall deliver to the Bank certified resolutions of the Board of Directors of the Company approving, authorizing and instructing the Bank on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by the Bank (a) to deposit in the Book-Entry System all securities belonging to the Funds and eligible for deposit therein and (b) to use the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto:
(a) Securities and any cash of the Funds deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by the Bank in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities.
(b) All books and records maintained by the Bank which relate to the Funds' participation in the Book-Entry System will at all times during the Bank's regular business hours be open to the inspection of the Company's duly authorized employees or agents, and the Company will be furnished with all information in respect of the services rendered to it as it may require.
(c) The Bank will provide the Company with copies of any report obtained by the Bank on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by the Bank. The Bank will also provide the Company with such reports on its own system of internal control as the Company may reasonably request from time to time.
Use of Book-Entry System. The Fund shall deliver to Provident certified resolutions of the Board of Directors of the Fund approving, authorizing and instructing Provident on a continuous and on-going basis until instructed to the contrary by Oral or Written Instructions actually received by Provident (a) to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and (b) to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. Without limiting the generality of such use, it is agreed that the following provisions shall apply thereto:
(a) Securities and any cash of the Fund deposited in the Book-Entry System will at all times be segregated from any assets and cash controlled by Provident in other than a fiduciary or custodian capacity but may be commingled with other assets held in such capacities. Provident and its sub-custodian, if any, will pay out money only upon receipt of securities and will deliver securities only upon the receipt of money.
(b) All books and records maintained by Provident which relate to the Fund's participation in the Book-Entry System will at all times during Provident's regular business hours be open to the inspection of the Fund's duly authorized employees or agents, and the Fund will be furnished with all information in respect of the services rendered to it as it may require.
(c) Provident will provide the Fund with copies of any report obtained by Provident on the system of internal accounting control of the Book-Entry System promptly after receipt of such a report by Provident. Provident will also provide the Fund with such reports on its own system of internal control as the Fund may reasonably request from time to time.
