Broker-Dealer Accounts. When a broker-dealer notifies Transfer Agent of a redemption desired by a customer, and a Fund’s or Portfolio’s Custodian has provided Transfer Agent with funds, Transfer Agent shall (a) transfer by Fedwire or other agreed upon electronic means such redemption payment to the broker-dealer for the credit to, and for the benefit of, the customer’s account or (b) shall prepare and send a redemption check to the broker-dealer, made payable to the broker-dealer on behalf of its customer.
Appears in 32 contracts
Samples: Transfer Agency and Services Agreement (Consulting Group Capital Markets Funds), Transfer Agency and Services Agreement (Citifunds Trust I), Transfer Agency and Services Agreement (Smith Barney Investment Trust)
Broker-Dealer Accounts. When a broker-dealer notifies Transfer Agent of a redemption desired by a customer, and a the Fund’s or Portfolio’s Custodian has provided Transfer Agent with funds, Transfer Agent shall (a) transfer by Fedwire or other agreed upon electronic means such redemption payment to the broker-dealer for the credit to, and for the benefit of, the customer’s account or (b) shall prepare and send a redemption check to the broker-dealer, made payable to the broker-dealer on behalf of its customer.
Appears in 6 contracts
Samples: Transfer Agency and Services Agreement (Western Asset Emerging Markets Debt Fund Inc.), Transfer Agency and Services Agreement (Western Asset Emerging Markets Debt Fund Inc.), Transfer Agency and Services Agreement (Western Asset High Income Fund Ii Inc.)
Broker-Dealer Accounts. When a broker-dealer notifies Transfer Agent of a redemption desired by a customer, and a Fund’s 's or Portfolio’s 's Custodian has provided Transfer Agent with funds, Transfer Agent shall (a) transfer by Fedwire or other agreed upon electronic means such redemption payment to the broker-dealer for the credit to, and for the benefit of, the customer’s 's account or (b) shall prepare and send a redemption check to the broker-dealer, made payable to the broker-dealer on behalf of its customer.
Appears in 5 contracts
Samples: Transfer Agency and Services Agreement (Smith Barney Municipal Money Market Fund Inc), Transfer Agency and Services Agreement (Legg Mason Partners Oregon Municipals Fund), Transfer Agency and Services Agreement (Legg Mason Partners Lifestyle Series, Inc.)
Broker-Dealer Accounts. When a broker-dealer notifies Transfer Agent of a redemption desired by a customer, and a Fund’s or Portfolio’s Custodian has provided Transfer Agent with funds, Transfer Agent shall (a) transfer by Fedwire or other agreed upon electronic means such redemption payment to the broker-dealer for the credit to, and for the benefit of, the customer’s account or (b) shall prepare and send a redemption check to the broker-dealer, made payable to the broker-dealer on behalf of its customer.redemption
Appears in 3 contracts
Samples: Transfer Agency and Services Agreement (Smith Barney Sector Series Inc.), Transfer Agency and Services Agreement (Smith Barney Trust Ii), Transfer Agency and Services Agreement (Variable Annuity Portfolios)
