Common use of Payment for Units Clause in Contracts

Payment for Units. The Custodian shall receive from the distributor for the Units or from the Transfer Agent of the Trust and deposit into the account of the appropriate Fund such payments as are received for Units of that Fund such payments as are received for Units of that Fund issued or sold from time to time by the Trust. The Custodian will provide timely notification to the Trust on behalf of each such Fund and the Transfer Agent of any receipt by it of payments for Units of such Fund.

Appears in 2 contracts

Sources: Custodian Contract (Goldman Sachs MLP & Energy Renaissance Fund), Custodian Contract (Goldman Sachs MLP Income Opportunities Fund)

Payment for Units. The Custodian shall receive from the distributor for ----------------- the Units or from the Transfer Agent of the Trust and deposit into the account of the appropriate Fund such payments as are received for Units of that Fund such payments as are received for Units of that Fund issued or sold from time to time by the Trust. The Custodian will provide timely notification to the Trust on behalf of each such Fund and the Transfer Agent of any receipt by it of payments for Units of such Fund.

Appears in 1 contract

Sources: Custodian Contract (Goldman Sachs Trust)