Common use of Receipt and Disbursement of Money Clause in Contracts

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the Funds. Custodian shall make payments of cash to, or for the account of, each Fund from such cash only: (i) for the purchase of securities for the Funds as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds under the terms of this Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund Portfolio of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the FundsPortfolios. Custodian shall make payments of cash to, or for the account of, each Fund Portfolio from such cash only: (i) for the purchase of securities for the Funds Portfolios as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds Portfolios under the terms of this Agreement and, with respect to each FundPortfolio, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Portfolios and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the Funds. Custodian shall make payments of cash to, or for the account of, each Fund from such cash only: only (i) for the purchase of securities for the Funds as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds under the terms of this Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; or (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) The Custodian shall open and maintain a custody account for each Fund of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such account, subject to the provisions hereof, all cash received by it from or for the FundsTrust. The Custodian shall make payments of cash to, or for the account of, each Fund the Trust from such cash only: only (i) for the purchase of securities for the Funds Trust as provided in Paragraph 14 paragraph 16 hereof; (ii) upon receipt of an Officer's Certificate Proper Instructions, for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds Trust under the terms of this Agreement andAgreement, with respect to each Fundany advisory agreement, and under the terms of any investment advisory agreementsdistribution agreement, or any administration agreements or distribution agreementsagreement; (iii) upon receipt of Written Proper Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Trust and held by or to be delivered to the Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) paragraph 12 hereof; (v) for the redemption of Shares; or (viv) upon receipt of an Officer's Certificate Proper Instructions for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund of the TrustCompany, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the Funds. Custodian shall make payments of cash to, or for the account of, each Fund from such cash only: only (i) for the purchase of securities for the Funds as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds under the terms of this Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; or (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) The Custodian shall open and maintain a custody account for each Fund of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such account, subject to the provisions hereof, all cash received by it from or for the FundsTrust. The Custodian shall make payments of cash to, or for the account of, each Fund the Trust from such cash only: only (i) for the purchase of securities for the Funds Trust as provided in Paragraph 14 paragraph 16 hereof; (ii) upon receipt of an Officer's Certificate Proper Instructions, for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds Trust under the terms of this Agreement andAgreement, with respect to each Fundany advisory agreement, and under the terms of any investment advisory agreementsdistribution agreement, or any administration agreements or distribution agreementsagreement; (iii) upon receipt of Written Proper Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Trust and held by or to be delivered to the Custodian; (iv) to a sub-custodian subcustodian pursuant to Paragraphs 7, 27, or 28(g) Paragraph 11 hereof; (v) for the redemption of Shares; or (viv) upon receipt of an Officer's Certificate Proper Instructions for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund Portfolio of the Master Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the FundsPortfolios. Custodian shall make payments of cash to, or for the account of, each Fund Portfolio from such cash only: (i) for the purchase of securities for the Funds Portfolios as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds Portfolios under the terms of this Agreement and, with respect to each FundPortfolio, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Portfolios and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for each Fund of the TrustCompany, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereof, all cash received by it from or for the Funds. Custodian shall make payments of cash to, or for the account of, each Fund from such cash only: (i) for the purchase of securities for the Funds as provided in Paragraph 14 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds under the terms of this Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereof; (v) for the redemption of Shares; or (vi) upon receipt of an Officer's Certificate for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian Bank shall open and maintain a custody separate custodial account for or accounts in the name of each Fund portfolio of the TrustFund, subject only to draft or order by Custodian Bank acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such accountaccount or accounts, subject to the provisions hereof, all cash received by it from or for the Fundsaccount of such portfolios. Custodian Bank shall make payments of cash to, or for the account of, each portfolio of the Fund from such cash only: only (i) for the purchase of securities for the Funds Fund's portfolios as provided in Paragraph 14 13 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to Shareswritten Instructions, or for the payment of interest, dividends, taxes, administration, distribution accounting, distribution, advisory or advisory management fees or expenses which are to be borne by the Funds Fund under the terms of this Agreement, the Advisory Agreement, the Administration Agreements, the Transfer Agency Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreementsDistribution and Service plan; (iii) upon receipt of Written Instructions Instructions, for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Fund and held by or to be delivered to CustodianBank; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) Paragraph 6 hereof; (v) for the redemption of Shares; (vi) for payment of the amount of dividends received in respect of securities sold short; or (vivii) upon receipt of an Officer's Certificate Written Instructions, for other corporate purposes.proper Fund

Receipt and Disbursement of Money. (a) Custodian U.S. Trust shall open and maintain a separate custody account or accounts for each Fund in the name of the Trustsuch Fund, subject only to draft or order by Custodian U.S. Trust acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such accountaccount or accounts, subject to the provisions hereof, all cash received by it from or for the Fundsaccount of each Fund of the Company. Custodian U.S. Trust shall make payments of cash to, or for the account of, each Fund the Company from such cash only: only (i) for the purchase of securities for each of the Funds as provided in Paragraph 14 12 hereof; (ii) for the redemption on Shares of each class as provided in subparagraph (b) of Paragraph 10 hereof; (iii) upon receipt of an Officer's Certificate Written Instructions, for the payment of dividends or other distributions on or with respect to Sharesof Shares of each class, or for the payment of interest, taxes, administration, distribution administration or advisory fees or expenses which are to be borne by the Funds Company or by any Fund under the terms of this Agreement andAgreement, with respect to each Fundthe Advisory Agreement, and under the terms of any investment advisory agreements, administration agreements or distribution agreementsAdministration Agreement; (iiiiv) upon receipt of Written Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Company for the Fund and held by or to be delivered to Custodian; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) hereofU.S. Trust; (v) for the redemption of Sharesto a subcustodian pursuant to Paragraph 7 hereof; or (vi) upon receipt of an Officer's Certificate Written Instructions for other corporate purposes.

Receipt and Disbursement of Money. (a) Custodian shall open and maintain a custody account for Not less frequently than once on the afternoon of each Fund of the Trust, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, shall hold in such account, subject to the provisions hereofbusiness day, all cash received by it from or for held in the Funds. Custodian custody account, other than cash required to settle securities transactions on such business day, shall be transferred to the trustee under a Trust Agreement of even date herewith between the Bank and the Company and attached hereto as Exhibit A. The Bank shall make payments of cash to, or for the account of, each Fund the Company from such cash only: only (i) for the purchase of securities for the Funds Fund's portfolio as provided in Paragraph 14 13 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to SharesWritten Instructions, or for the payment of interest, dividends, taxes, administration, distribution or advisory fees or expenses which are to be borne by of the Funds under the terms of this Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreements; (iii) upon receipt of Written Instructions instructions, for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Fund and held by or to be delivered to Custodianthe Bank; (iv) to a sub-custodian pursuant to Paragraphs 7, 27, or 28(g) Paragraph 7 hereof; (v) for the redemption of Shares; (vi) for payment of the amount of dividends received in respect of securities sold short against the box; or (vivii) upon receipt of an Officer's Certificate Written Instructions, for other corporate proper Fund purposes. No payment pursuant to (i) above shall be made unless the Bank has received a copy of the broker's or dealer's confirmation or the payee's invoice, as appropriate.

Receipt and Disbursement of Money. (a) Custodian Provident shall open and maintain a custody separate custodial account for each Fund or accounts in the name of the TrustFund, subject only to draft or order by Custodian Provident acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such accountaccount or accounts, subject to the provisions hereof, all cash received by it from or for the Fundsaccount of the Fund. Custodian Provident shall make payments of cash to, or for the account of, each the Fund from such cash only: only (i) for the purchase of securities for the Funds Fund's portfolio as provided in Paragraph 14 13 hereof; (ii) upon receipt of an Officer's Certificate for the payment of dividends or other distributions on or with respect to SharesWritten Instructions, or for the payment of interest, dividends, taxes, administration, distribution distribution, advisory or advisory management fees or expenses which are to be borne by the Funds Fund under the terms of this Agreement, the Advisory Agreement, the Transfer Agency Agreement and, with respect to each Fund, and under the terms of any investment advisory agreements, administration agreements or distribution agreementsDistribution Agreement; (iii) upon receipt of Written Instructions Instructions, for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Fund and held by or to be delivered to CustodianProvident; (iv) to a sub-custodian subcustodian pursuant to Paragraphs 7, 27, or 28(g) Paragraph 6 hereof; (v) for the redemption of Fund Shares; or (vi) upon receipt of an Officer's Certificate Written Instructions, for other corporate proper Fund purposes. No payment pursuant to (i) above shall be made unless Provident has received a copy of the broker's or dealer's confirmation or the payee's invoice, as appropriate.

Receipt and Disbursement of Money. (a) The Custodian shall open and maintain a custody account for each Fund of the TrustCompany, subject only to draft or order by Custodian acting pursuant to the terms of this Agreement, and, subject to Paragraphs 7, 27, or 28(g) hereof, and shall hold in such account, subject to the provisions hereof, all cash received by it from or for the FundsCompany. The Custodian shall make payments of cash to, or for the account of, each Fund the Company from such cash only: only (i) for the purchase of securities for the Funds Company as provided in Paragraph 14 16 hereof; (ii) upon receipt of an Officer's Certificate Proper Instructions, for the payment of dividends or other distributions on or with respect to Shares, or for the payment of interest, taxes, administration, distribution or advisory fees or expenses which are to be borne by the Funds Company under the terms of this Agreement andAgreement, with respect to each Fundany advisory agreement, and under the terms of any investment advisory agreementsdistribution agreement, or any administration agreements or distribution agreementsagreement; (iii) upon receipt of Written Proper Instructions for payments in connection with the conversion, exchange or surrender of securities owned or subscribed to by the Funds Company and held by or to be delivered to the Custodian; (iv) to a sub-custodian subcustodian pursuant to Paragraphs 7, 27, or 28(g) Paragraph 12 hereof; (v) for the redemption of Shares; or (viv) upon receipt of an Officer's Certificate Proper Instructions for other corporate purposes.