Common use of Draft Redemptions Clause in Contracts

Draft Redemptions. If the Transfer Agent has received a completed application and authorization of redemption by drafts signed by the registered owner(s), the Transfer Agent will, as agent for the Shareholder upon receipt of a redemption draft cause the Company to redeem a sufficient number of Shares in the Shareholder's account to cover the amount of the draft. All draft redemptions will be subject to such additional requirements as may be described in the Prospectus or SAI for the applicable Fund and the rules and regulations of the Transfer Agent.

Draft Redemptions. If the Transfer Agent has received a completed application and authorization of redemption by drafts signed by the registered owner(s), the Transfer Agent will, as agent for the Shareholder upon receipt of a redemption draft cause the Company to redeem a sufficient number of Shares in the Shareholder's ’s account to cover the amount of the draft. All draft redemptions will be subject to such additional requirements as may be described in the Prospectus or SAI for the applicable Fund and the rules and regulations of the Transfer Agent.

Draft Redemptions. If the Transfer Agent has received a completed application and authorization of redemption by drafts signed by the registered owner(s)owner, the Transfer Agent will, as agent for the Shareholder Shareholder, upon receipt of a redemption draft cause the Company Trust to redeem a sufficient number of Shares in the Shareholder's account to cover the amount of the draft. All draft redemptions will be subject to such additional requirements as may be described in the Prospectus or SAI for the applicable Fund Trust and the rules and regulations of the Transfer Agent.