Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Fund's or Portfolio's custodian (the "Custodian") has provided PFPC with funds, PFPC 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 25 contracts
Samples: Transfer Agency and Related Services Agreement (Painewebber Investment Trust Ii), Transfer Agency and Related Services Agreement (Painewebber Managed Investments Trust), Transfer Agency and Related Services Agreement (Painewebber Rma Tax Free Fund Inc)
Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Fund's or Portfolio's custodian (the "Custodian") has provided PFPC with funds, PFPC 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 4 contracts
Samples: Transfer Agency and Related Services Agreement (Sma Relationship Trust), Transfer Agency and Related Services Agreement (Sma Relationship Trust), Transfer Agency and Related Services Agreement (Painewebber Pace Select Advisors Trust)
Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Fund's or Portfolio's custodian (the "Custodian") has provided PFPC with funds, PFPC 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-broker- dealer, made payable to the broker-dealer on behalf of its customer.
Appears in 2 contracts
Samples: Transfer Agency and Related Services Agreement (Brinson Money Series), Transfer Agency and Related Services Agreement (Painewebber Series Trust)
Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the FundTrust's or Portfolio's custodian (the "Custodian") has provided PFPC with funds, PFPC 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 2 contracts
Samples: Transfer Agency and Related Services Agreement (Mitchell Hutchins Securities Trust), Transfer Agency and Related Services Agreement (Mitchell Hutchins Securities Trust)
Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Fund's or Portfolio's custodian Custodian (the "Custodian"ACustodian@) has provided provides PFPC with funds, PFPC 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 the redemption check to the broker-dealer, dealer and made payable to the broker-dealer on behalf of its customer.
Appears in 1 contract
Samples: Transfer Agency Services Agreement (Painewebber Index Trust)
Broker-Dealer Accounts. When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Fund's or Portfolio's custodian Custodian (the "Custodian") has provided provides PFPC with funds, PFPC 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 the redemption check to the broker-dealer, dealer and made payable to the broker-dealer on behalf of its customer.
Appears in 1 contract
Samples: Transfer Agency Services Agreement (Painewebber America Fund /Ny/)
