Determination of Federal Funds. Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS is credited with Federal Funds with respect to that check.
Appears in 28 contracts
Samples: Transfer Agency Service Agreement (Northern Lights Fund Trust), Transfer Agency Service Agreement (Choice Funds), Transfer Agency Service Agreement (Roge Partners Funds)
Determination of Federal Funds. Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectusprospectus of the applicable Class or Fund:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS is credited with Federal Funds with respect to that check.
Appears in 15 contracts
Samples: Administration Agreement (Forum Funds), Administration Agreement (Forum Funds), Transfer Agency and Services Agreement (Forum Funds)
Determination of Federal Funds. Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectusprospectus of the applicable Class or Fund:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS OFS is credited with Federal Funds with respect to that check.
Appears in 4 contracts
Samples: Transfer Agency Service Agreement (Advisors Series Trust), Transfer Agency Service Agreement (Saratoga Advantage Trust), Transfer Agency Service Agreement (Advisors Series Trust)
Determination of Federal Funds. Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectusprospectus of the applicable Class or Fund:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS is credited with Federal Funds with respect to that check.
Appears in 3 contracts
Samples: Transfer Agency Service Agreement (Santa Barbara Group of Mutual Funds Inc), Transfer Agency Service Agreement (North Country Funds), Transfer Agency Service Agreement (Santa Barbara Group of Mutual Funds Inc)
Determination of Federal Funds. Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless such other times are noted in the Prospectusprospectus of the applicable Class or Fund:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS Forum is credited with Federal Funds with respect to that check.
Appears in 2 contracts
Samples: Transfer Agency and Services Agreement (Highland Family of Funds), Transfer Agency and Services Agreement (Highland Family of Funds)
Determination of Federal Funds. Shareholder payments shall be ------------------------------ considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS is credited with Federal Funds with respect to that check.
Appears in 1 contract
Samples: Transfer Agency and Services Agreement (Nevis Fund Inc)
Determination of Federal Funds. Shareholder holder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus:
(i) for a wire received, at the time of the receipt of the wire;
(ii) for a check drawn on a member bank of the Federal Reserve System, on the second Fund Business Day following receipt of the check; and
(iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as GFS is credited with Federal Funds with respect to that check.
Appears in 1 contract
Samples: Transfer Agency Service Agreement (New River Funds)
