Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust, directly or through the use of the Book-Entry System, shall:
Transactions Requiring Instructions. Upon receipt of Oral or Written Instructions and not otherwise, PNC Bank, directly or through the use of the Book-Entry System, shall: (i) deliver any securities held for the Fund against the receipt of payment for the sale of such securities; (ii) execute and deliver to such persons as may be designated in such Oral or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of the Fund as owner of any securities may be exercised; (iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable; provided that, in any such case, the cash or other consideration is to be delivered to PNC Bank; (iv) deliver any securities held for the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege; (v) deliver any securities held for the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to it to evidence such delivery; (vi) make such transfer or exchanges of the assets of the Fund and take such other steps as shall be stated in said Oral or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund; (vii) release securities belonging to the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to PNC Bank of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan; (viii) release and deliver securities owned by the Fund in connection with any repurchase agreement entered into on behalf of the Fund, but only on...
Transactions Requiring Instructions. (i) Receipt and Disbursement of Funds Bank shall open and maintain a separate cash account in the name of the Customer for each Custody Account ("Custody Cash Account") to which cash will be credited and debited in respect of all transactions to the Custody Account pursuant to this Agreement, and in which cash shall not be subject to withdrawal by check or draft. Bank shall make payment from the Custody Cash Account only upon the Instructions of the Customer. Bank is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by Bank for the account of the Customer.
Transactions Requiring Instructions. Upon receipt of Oral or Written Instructions and not otherwise (unless such an event described in sub-clause (iii), (iv), (v) or (ix) of this sub-section (d) is of a mandatory or involuntary nature, in which case PFPC Trust may handle such event without Written Instructions), PFPC Trust shall:
Transactions Requiring Instructions. Without prejudice to the authority given to the Custodian above, the Custodian is authorised to carry out any transactions whatsoever relating to the Securities and/or Cash upon receipt of specific instructions, including instructions to deliver or deal with the Securities (for example pursuant to any sale), or to make payment for and/or receive Securities purchased by the Client or its Authorised Person on behalf of the Client.