Common use of SAFEKEEPING AND CUSTODY Clause in Contracts

SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions including collateral for repurchase agreements and financial institution deposits entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds and Investment Property, as a fiduciary, in accordance with the Participation Agreement.

SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions transactions, including collateral for repurchase agreements and financial institution deposits deposits, entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds and Investment Propertyproperty, as a fiduciary, in accordance with the Participation Agreement.

SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions including collateral for repurchase agreements and financial institution deposits entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds investment funds and Investment Propertyinvestment property, as a fiduciary, in accordance with the Participation Agreement.