Common use of Delivery Versus Payment for Purchases and Sales Clause in Contracts

Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D.

Appears in 2 contracts

Samples: Custody Agreement (Access Variable Insurance Trust), Custody Agreement (Tanaka Funds Inc)

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Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D.

Appears in 2 contracts

Samples: Custody Agreement (Unified Series Trust), Custody Agreement (Star Select Funds)

Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ sales -------------------------------------------------- of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D.

Appears in 1 contract

Samples: Custody Agreement (Sparrow Funds)

Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon notice to and receipt of acceptable indemnification from the Fund. VI. D..

Appears in 1 contract

Samples: Custody Agreement (Our Street Funds, Inc.)

Delivery Versus Payment for Purchases and Sales. Purchases ----------------------------------------------- and ------------------------------------------------ sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D.

Appears in 1 contract

Samples: Custody Agreement (Runkel Funds)

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Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ ----------------------------------------------- sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D..

Appears in 1 contract

Samples: Custody Agreement (Alpha Analytics Investment Trust)

Delivery Versus Payment for Purchases and Sales. Purchases ------------------------------------------------- and ------------------------------------------------ sales of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D.

Appears in 1 contract

Samples: Agreement (Wallace Funds)

Delivery Versus Payment for Purchases and Sales. Purchases and ------------------------------------------------ sales ----------------------------------------------- of Securities effected by the Custodian will be made on a delivery versus payment basis. The Custodian may, in its sole discretion, upon receipt of Written Instructions, elect to settle a purchase or sale transaction in some other manner, but only upon receipt of acceptable indemnification from the Fund. VI. D..

Appears in 1 contract

Samples: Custody Agreement (Securities Management & Timing Funds)

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