Common use of Confirmation and Statements Clause in Contracts

Confirmation and Statements. At least monthly, the Custodian shall furnish the Trust with a detailed statement of the Securities and Cash held by it and all Sub-Custodians for each Fund. Further, such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund for which the Custodian acts as custodian. Where securities purchased for a Fund are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s account on the books of a Depository, the Book-Entry System or a Sub-Custodian, the Custodian shall maintain such records as are necessary to enable it to identify the quantity of those securities held for such Fund. In the absence of the filing in writing with the Custodian by the Trust of exceptions or objections to any such statement within 60 days after the date that a material defect is reasonably discoverable, the Trust shall be deemed to have approved such statement; and in such case or upon written approval of the Trust of any such statement, the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust and all persons having any equity interest in the Trust were parties.

Confirmation and Statements. At least monthly, the Custodian shall furnish the Trust Fund with a detailed statement of the Securities and Cash cash held by it and all Sub-Custodians for each FundPortfolio. Further, such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund Portfolio for which the Custodian acts as custodian. Where securities purchased for a Fund Portfolio are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s account on the books of a Depository, the Book-Entry System or a Sub-Custodian, the Custodian shall maintain such records as are necessary to enable it to identify the quantity of those securities held for such FundPortfolio. In the absence of the filing in writing with the Custodian by the Trust Fund of exceptions or objections to any such statement within 60 days after the date that a material defect is reasonably discoverable, the Trust Fund shall be deemed to have approved such statement; and in such case or upon written approval of the Trust Fund of any such statement, the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust Fund and all persons having any equity interest in the Trust Fund were parties.

Confirmation and Statements. At least monthly, the Custodian shall furnish the Trust with a detailed statement of the Securities and Cash held by it and all Sub-Custodians for each Fund. Further, such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund for which the Custodian acts as custodian. Where securities purchased for a Fund are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s account on the books of a Depository, the Book-Entry System or a Sub-Sub- Custodian, the Custodian shall maintain such records as are necessary to enable it to identify the quantity of those securities held for such Fund. In the absence of the filing in writing with the Custodian by the Trust of exceptions or objections to any such statement within 60 days after the date that a material defect is reasonably discoverable, the Trust shall be deemed to have approved such statement; and in such case or upon written approval of the Trust of any such statement, the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust and all persons having any equity interest in the Trust were parties.

Confirmation and Statements. At least monthly, the Custodian shall furnish the Trust Fund with a detailed statement of the Securities and Cash held by it and all Sub-Custodians for each FundPortfolio. Further, such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund for which the Custodian acts as custodian. Where securities Securities purchased for a Fund Portfolio are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s account on the books of a Depository, the Book-Entry System or a Sub-Custodian, the Custodian shall maintain such records as are necessary to enable it to identify the quantity of those securities held for such FundPortfolio. In the absence of the filing in writing with the Custodian by the Trust Fund of exceptions or objections to any such statement within 60 days after the date that a material defect is reasonably discoverable, the Trust Fund shall be deemed to have approved such statement; and in such case or upon written approval of the Trust Fund of any such statement, statement the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 16 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust Fund and all persons having any equity interest in the Trust Fund were parties.

Confirmation and Statements. At least monthly, the Custodian shall furnish the Trust with a detailed statement of the Securities and Cash moneys held by it and all Sub-Custodians for each Fund. Further, such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of reflect information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund for which the Custodian acts as custodian. Where securities purchased for a Fund are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s account on the books of a Depository, the Book-Entry System or a Sub-Custodian, the Custodian shall maintain such records as are necessary to enable it to identify the quantity of those securities held for such Fund. In the absence of the filing in writing with the Custodian by the Trust of exceptions or objections to any such statement within 60 days after the date that a material defect is reasonably discoverable, the Trust shall be deemed to have approved such statement; and in such case or upon written approval of the Trust of any such statement, the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust and all persons having any equity interest in the Trust were parties.

Confirmation and Statements. At least monthlyPromptly after the close of business on each business day, the Custodian shall furnish the Trust with confirmations and a detailed statement summary of all transfers to or from the account of each Portfolio during said day. Such summary shall include without limitation, as to property acquired for a Portfolio, the identity of the Securities and Cash held by it and all Sub-Custodians for each Fund. Further, entity having physical possession of such statements of account will include details of all receipts and disbursements of any Off-Book Cash Account, which shall be a reflection of information received from the relevant Custodial Agent or Sub-Custodian by the Custodian. Such statements comprise the accounting book of record for the assets of each Fund for which the Custodian acts as custodianproperty. Where securities purchased for by a Fund Portfolio are in a fungible bulk of securities registered in the name of the Custodian (or its nominee) or shown on the Custodian’s 's account on the books of a the Depository, the Book-Entry System or a Sub-Custodian, the Custodian shall maintain such records as are necessary to enable it to by book entry or otherwise identify the quantity of those securities belonging to such Portfolio. At least monthly, the Custodian shall furnish the Trust with a detailed statement of the Securities and monies held by it and all Sub- Custodians for such Fundeach Portfolio. In the absence of the filing in writing with the Custodian by the Trust of exceptions or objections to any such statement within 60 days of the Trust's receipt of such statement, or within 60 days after the date that a material defect is reasonably discoverable, the Trust shall be deemed to have approved such statement; and in such case or upon written approval of the Trust of any such statement, statement the Custodian shall, to the extent permitted by law and provided the Custodian has met the standard of care in Section 17 14 hereof, be released, relieved and discharged with respect to all matters and things set forth in such statement as though such statement had been settled by the decree of a court of competent jurisdiction in an action in which the Trust and all persons having any equity interest in the Trust were parties.