Common use of Authorization to Receive Orders on Funds Behalf Clause in Contracts

Authorization to Receive Orders on Funds Behalf. a. AUTHORIZATION OF SCHWAB. Fund Company hereby designates and authorizes Schwab to receive purchase and redemption orders in proper form ("Order(s)") from MFMP investors on the Fund's behalf for purposes of Rule 22c-1 under the 1940 Act, so that any such MFMP investor will receive the share price next computed by the Fund after the time at which such MFMP investor places its Order with Schwab.

Appears in 1 contract

Samples: Load Fund Operating Agreement (JNL Investors Series Trust)

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Authorization to Receive Orders on Funds Behalf. a. AUTHORIZATION OF SCHWABAuthorization of Schwab. Fund Company hereby designates and authorizes Schwab to receive purchase and redemption orders in proper form ("Order(s)Orders") from MFMP investors on the Fund's behalf for purposes of Rule 22c-1 under the 1940 Act, so that any such MFMP investor will receive the share price next computed by the Fund after the time at which such MFMP investor places its Order with Schwab.

Appears in 1 contract

Samples: Operating Agreement (Westcore Trust)

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Authorization to Receive Orders on Funds Behalf. a. AUTHORIZATION OF SCHWABAuthorization of Schwab. Fund Company hereby designates and authorizes Schwab to receive purchase and redemption orders in proper form ("Order(s)") from MFMP investors on the Fund's behalf for purposes of Rule 22c-1 under the 1940 Act, so that any such MFMP investor will receive the share price next computed by the Fund after the time at which such MFMP investor places its Order with Schwab.

Appears in 1 contract

Samples: Load Fund Operating Agreement (Alliancebernstein Large Cap Growth Fund Inc)

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