Common use of Daily Statement of Accounts Clause in Contracts

Daily Statement of Accounts. State Street will, within a reasonable time, render to PVIT a detailed statement of the amounts received or paid and of Assets received or delivered for the account of PVIT during each business day. State Street will maintain such books and records as are necessary to enable it to render, from time to time upon request by PVIT, a detailed statement of the Assets. State Street will permit, and upon Instruction will cause any Subcustodian to permit, such persons as are authorized by PVIT, including its independent public accountants, reasonable access to such records or will provide reasonable confirmation of the contents of such records, and if demanded, State Street will permit, and will cause any Subcustodian to permit, federal and state regulatory agencies to examine the Assets, books and records of PVIT.