Payment on Settlement Date. On contractual settlement date, the --------------------------- account of the Fund will be charged for all purchased Securities settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Securities settling that day will be credited to the account of the Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades. VI. E.
Appears in 2 contracts
Samples: Custody Agreement (Access Variable Insurance Trust), Custody Agreement (Tanaka Funds Inc)
Payment on Settlement Date. On contractual settlement date, the --------------------------- -------------------------- account of the Fund will be charged for all purchased Securities settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Securities settling that day will be credited to the account of the Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades. VI. E.
Appears in 2 contracts
Samples: Agreement (Wallace Funds), Custody Agreement (Runkel Funds)
Payment on Settlement Date. On contractual settlement date, the --------------------------- account of the Fund will be charged for all purchased Securities settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Securities settling that day will be credited to the account of the Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades. VI. E.
Appears in 2 contracts
Samples: Custody Agreement (Unified Series Trust), Custody Agreement (Forester Funds Inc)