Common use of Accounts and Disbursements Clause in Contracts

Accounts and Disbursements. The Bank shall establish and maintain a separate account for each Series and shall credit to the separate account of each Series all moneys received by it for the account of such Series and shall disburse the same only:

Accounts and Disbursements. The Bank shall establish and -------------------------------- maintain a separate account for each Series and shall credit to the separate account of each Series all ail moneys received by it for the account of such Series and shall disburse the same only:: In payment for Securities purchased for such Series, as provided in Section 5 hereof;