Receipt of Securities. In accordance with Proper Instructions, the Bank shall pay for Securities purchased out of monies held in the Custody Account and receive Securities purchased for the account of the Company. The Bank shall notify the Company promptly (and in any event no later than the next business day) of any failure to receive Securities.
Appears in 12 contracts
Samples: Custody Agreement (Princor Blue Chip Fund Inc), Custody Agreement (Princor Utilities Fund Inc), Custody Agreement (Princor Capital Accumulation Fund Inc)