Purchase of Investments. Pursuant to Instruction, Investments purchased for the account of the Fund shall be paid for (a) against delivery thereof to the Custodian or a Subcustodian, as the case may be, either directly or through a Clearing Corporation or a Securities Depository (in accordance with the rules of such Securities Depository or such Clearing Corporation), or (b) otherwise in accordance with an Instruction, Applicable Law, generally accepted trade practices, or the terms of the instrument representing such Investment.
Purchase of Investments. Promptly after each purchase of Investments by the Company, the Company shall deliver to the Custodian (i) with respect to each purchase of Investments which are not Money Market Securities, Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Oral or Written Instructions, specifying with respect to each such purchase the:
Purchase of Investments. Promptly after each purchase of Investments by the Trust, the Trust shall deliver to the Custodian (i) with respect to each purchase of Investments which are not Money Market Securities, Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Oral or Written Instructions, specifying with respect to each such purchase the:
Purchase of Investments. Pursuant to Instruction, Investments purchased for the account of the Fund shall be paid for (a) against delivery thereof to the Custodian or a Subcustodian, as the case may be, either directly or through a Clearing Corporation or a Securities Depository (in accordance with the rules of such Securities Depository or such Clearing Corporation), or (b) otherwise in accordance with an Instruction or Applicable Law. However, (i) in the case of repurchase agreements entered into by the Fund, the Custodian may release funds to a securities system or to a Subcustodian prior to the receipt of advice from the securities system or Subcustodian that the securities underlying such repurchase agreement have been transferred by book entry into the Account of the Custodian maintained with such securities system or Subcustodian, so long as such payment instructions to the securities system or Subcustodian include a requirement that delivery is only against payment for securities, (ii) in the case of foreign exchange contracts, options, time deposits, call account deposits, currency deposits, and other deposits, contracts or options, the Custodian may make payment therefor without receiving an instrument evidencing said deposit, contract or option so long as such payment instructions detail specific securities to be acquired, and (iii) in the case of securities for which payment for the security and receipt of the instrument evidencing the security are under generally accepted trade practice or the terms of the instrument representing the security expected to take place in different locations or through separate parties, the Custodian may make payment for such securities prior to delivery thereof in accordance with such generally accepted trade practice or the terms of the instrument representing such security.
Purchase of Investments. The Treasurer or Deputy Treasurer and the Assistant Superintendent each is authorized to contract for the purchase of investments:
Purchase of Investments. Promptly after each purchase of Investments by a Fund, the Fund shall deliver to the Custodian (i) with respect to each purchase of Investments which are not Money Market Securities, Written Instructions, and (ii) with respect to each purchase of Money Market Securities, Oral or Written Instructions, specifying with respect to each such purchase the:
Purchase of Investments is amended by the addition of the following at the end of said Section: “Without limiting the generality of the foregoing, the following provisions shall apply with respect to settlement of purchases of securities in Russia. Unless otherwise instructed by Proper Instructions acceptable to the Custodian, the Custodian shall only authorize a Subcustodian to make payment for purchases of Russian Equities upon receipt of the relevant Share Extract reflecting the ownership of all the shares in respect of a Fund’s purchases. Delivery of Russian Equities will be accepted by the Custodian or the Subcustodian on behalf of the Fund, in accordance with the customary or established securities trading or securities processing practices and procedures in place in Russia.”
Purchase of Investments. The Trust agrees to use Custodian’s platform exclusively to enter and receive execution of purchase instructions for Investments and will generally be using Custodian’s window trade order entry and execution protocol. Trust understands and agrees that window trades ordinarily can be entered on the Custodian’s platform twice daily during window periods as set by Custodian. Currently the first window closes at 11:00 a.m. Eastern Time (“ET”) on each trading day. The second window closes at 2:00 p.m. ET on each trading day. For example, the window for orders entered after 2:00 p.m. ET on a Friday will close at 11:00 a.m. ET on the next trading day. Normally, this will be the following Monday, unless that day is a holiday and the markets are closed that day (in which case the window will close at 11:00 a.m. ET on the following Tuesday morning). Custodian holds orders that are submitted before a window closes and is solely responsible for the actual trading upon the directions given to it, including determining the market center at which a trade will be executed, which can be Custodian’s own Alternative Trading System (“ATS”), and for “best execution” in connection with such trades. Trust understands that Custodian reserves the right to modify its window trading system, including the number of windows and the times at which they are offered, or the manner that trades are executed, as well as to offer any premium services or windows that would be available for an additional fee, from time to time or at any time, to accommodate regulatory or other requirements, or to satisfy changing market or business conditions. Custodian never has discretion with respect to a trade (except for those trades required by law or regulation, such as to satisfy a debit etc.). The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Investments for a Fund, if in the relevant Fund custody account there is insufficient cash available to the Fund for which such purchase was made.
Purchase of Investments. With respect to Trust Investments purchased and to be held at the Sub-custodian, an Authorized Person shall deliver to the Sub-custodian, after any such purchase, Instructions specifying with respect to each such purchase the:
Purchase of Investments. Pursuant to Instruction, Investments purchased for the account of the Trust (or a Fund) shall be paid for (a) against delivery thereof to the Custodian or a Subcustodian, as the case may be, either directly or through a Clearing Corporation or a Securities Depository (in accordance with the rules of such Securities Depository or such Clearing Corporation) and the making of an entry on the records of the Custodian or the applicable Subcustodian, as the case may be, to reflect such purchase, or (b) otherwise in accordance with an Instruction, Applicable Law, generally accepted trade practices, or the terms of the instrument representing such Investment.
