Collections and Defaults. The Bank will use reasonable efforts to collect any funds which may to its knowledge become collectible arising from Portfolio Securities (including dividends, interest, and other income) and to transmit to a Fund notice received by it of any call for redemption, offer of exchange, right of subscription, reorganization, or other proceedings affecting such Portfolio Securities. If Portfolio Securities upon which such income is payable are in default or payment is refused after due demand or presentation, the Bank will promptly notify the Fund of any such default or refusal to pay.
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Sources: Custodian Agreement (FFTW Funds Inc), Custodian Agreement (Tiff Investment Program Inc)
Collections and Defaults. The Bank will use reasonable efforts to collect any funds which may to its knowledge become collectible arising from Portfolio Securities (Securities, including dividends, interest, interest and other income) , and to transmit to a the Fund notice actually received by it of any call for redemption, offer of exchange, right of subscription, reorganization, reorganization or other proceedings affecting such Portfolio Securities. If Portfolio Securities upon which such income is payable are in default or payment is refused after due demand or presentation, the Bank will promptly notify the Fund of any such default or refusal to pay.due
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