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 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 ADS is credited with Federal Funds with respect to that check.
Appears in 8 contracts
Samples: Transfer Agency Agreement (North Country Funds), Transfer Agency Agreement (Stockback 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 prospectus 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 ADS Forum is credited with Federal Funds with respect to that check.
Appears in 3 contracts
Samples: Transfer Agency and Services Agreement (Schroder Capital Funds /Delaware/), Transfer Agency Agreement (Monarch Funds), Transfer Agency and Service Agreement (Monarch 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 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 next 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 ADS Forum is credited with Federal Funds with respect to that check.
Appears in 2 contracts
Samples: Transfer Agency and Services Agreement (Friends Ivory & Sime Funds), Transfer Agency and Services Agreement (Friends Ivory Funds)
Determination of Federal Funds. Shareholder payments shall be considered Federal Funds federal funds no later than on the day indicated below unless other times are noted in the prospectus 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 ADS is credited with Federal Funds federal funds with respect to that check.
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