Common use of Verify and Record Clause in Contracts

Verify and Record. All Daily Income Accruals for Debt Issues: Series Level . Review and verify all system generated Interest and Amortization reports. . Establish unique security codes for bond issues to permit segregated Trial Balance income reporting. SCHEDULE "A" ------------ Series and Each Class . Allocate Series income to classes based upon value of outstanding class shares.

Verify and Record. All Daily Income Accruals for Debt Issues: Series Level . Review and verify all system generated Interest and Amortization reports. . Establish unique security codes for bond issues to permit segregated Trial Balance income reporting. SCHEDULE "A" ------------ Series and Each Class . Allocate Series income to classes based upon value of outstanding class shares.