Contractual Income. The Custodian shall credit the applicable Series, in accordance with the Custodian’s standard operating procedure, with income and maturity proceeds on Securities on the contractual payment dates net of any taxes or upon actual receipt. To the extent the Custodian credits income on contractual payment date, the Custodian may reverse such accounting entries to the contractual payment date if the Custodian reasonably believes that such amount will not be received.
Contractual Income. Unless the parties agree to the contrary, the Custodian shall credit the Fund; in accordance with the Custodian's standard operating procedure, with income and maturity proceeds on securities on contractual payment date, net of any taxes, or upon actual receipt. To the extent the Custodian credits income on contractual payment date, the Custodian may reverse such accounting entries with back value to the contractual payment date if the Custodian reasonably believes that such amount will not be received.
Contractual Income. The Trustee shall credit the Trust Fund with income and maturity proceeds on any Property net of any taxes on the contractual payment date or upon actual receipt as determined by the Trustee. To the extent the Trustee credits income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall not be received by it. The Trustee shall provide notice of such reversal in the next report to the Company.
Contractual Income. The Custodian shall credit the Account with income ------------------ and maturity proceeds on securities on contractual payment date net of any taxes or upon actual receipt as agreed between the Custodian and the Client. To the extent the Client and the Custodian have agreed to credit income on contractual payment date, the Custodian may reverse such accounting entries with back value to the contractual payment date if the Custodian reasonably believes that it will not receive such amount. b.
Contractual Income. In accordance with the Custodian's standard operating procedure, the Custodian shall credit the Account with income and maturity proceeds on securities on contractual payment date net of any taxes or upon actual receipt, as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general application. To the extent the Custodian credits income on contractual payment date, the Custodian may, as soon as reasonably practicable following the contractual payment date, reverse such accounting entries to the contractual payment date if the Custodian reasonably believes that such amount will not be received, provided that the Custodian consults with Client or its Investment Manager prior to making any such reversing entry.
Contractual Income. In accordance with the Custodian's standard operating procedure, the Custodian shall credit the Account with income and maturity proceeds on securities on contractual payment date net of any taxes. To the extent the Custodian credits income on contractual payment date, the Custodian may, within five (5) business days of such date, reverse such accounting entries to the contractual payment date if the Custodian reasonably believes that such amount will not be received, provided that Custodian consults with Client or its Investment Manager prior to making any such reversing entry and provided further that neither Client nor its Investment Manager object to the making of such entry.
Contractual Income. Unless the parties agree to the contrary, Mellon shall credit the applicable Portfolio, in accordance with Mellon's standard operating procedure, with income and maturity proceeds on Securities on the contractual payment date net of any taxes or upon actual receipt. To the extent Mellon credits income on the contractual payment date, Mellon may reverse such accounting entries with back value to the contractual payment date if Mellon reasonably believes that such amount will not be received.
Contractual Income. Unless the parties agree to the contrary, the Custodian shall credit the Fund, in accordance with the Custodian's standard operating procedure, with income and maturity proceeds on securities on contractual payment date net of any taxes or upon actual receipt. To the extent the Custodian credits income on contractual payment date, where the Custodian does not receive any payment due to the Fund within a reasonable time after the Custodian has made reasonable demand for the same, it shall so notify the Fund in writing, including copies of all demand letters, any written responses thereto, and memoranda of all oral responses thereto and to telephonic demands, and twenty-four (24) hours after such notice to the Fund, the Custodian shall have the right to reverse such accounting entries with back value to the contractual payment date.
Contractual Income. In accordance with the Master Trustee's standard operating procedure, the Master Trustee shall credit the Master Trust Fund with income and maturity proceeds on securities on contractual payment date net of any taxes or upon actual receipt. To the extent the Master Trustee credits income on contractual payment date, the Master Trustee may reverse such accounting entries to the contractual payment date if the Master Trustee reasonably believes that such amount will not be received.
Contractual Income. In accordance with the Custodian's standard operating procedure, the Custodian shall credit the Account with income and maturity proceeds on securities on contractual payment date net of any taxes or upon actual receipt, as directed by the Client pursuant to Authorized Instructions, which may be standing instructions of general
