Insufficient Funds for Payments. If the Transfer Agent does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all Shareholders of the Fund as of the record date, the Transfer Agent will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until such sufficient cash is provided to the Transfer Agent.
Insufficient Funds for Payments. If the Transfer Agent or its agent does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all shareholders of the Fund as of the record date, the Transfer C-4 Agent or its agent will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until sufficient cash is provided to the Transfer Agent or its agent. C-5 Exhibit 1 to Schedule C Summary of Services The services to be performed by the Transfer Agent or its agent shall be as follows: A. DAILY RECORDS Maintain daily the following information with respect to each Shareholder account as received: o Name and Address (Zip Code) o Class of Shares o Taxpayer Identification Number o Balance of Shares held by Agent o Beneficial owner code: i.e., male, female, joint tenant, etc. o Dividend code (reinvestment) o Number of Shares held in certificate form B. OTHER DAILY ACTIVITY o Answer written inquiries relating to Shareholder accounts (matters relating to portfolio management, distribution of Shares and other management policy questions will be referred to the Fund). o Process additional payments into established Shareholder accounts in accordance with Written Instruction from the Agent. o Upon receipt of proper instructions and all required documentation, process requests for repurchase of Shares. o Identify redemption requests made with respect to accounts in which Shares have been purchased within an agreed-upon period of time for determining whether good funds have been collected with respect to such purchase and process as agreed by the Agent in accordance with written instructions set forth by the Fund. o Examine and process all transfers of Shares, ensuring that all transfer requirements and legal documents have been supplied. C-6 o Issue and mail replacement checks. o Open new accounts and maintain records of exchanges between accounts C. DIVIDEND ACTIVITY o Calculate and process Share dividends and distributions as instructed by the Fund. o Compute, prepare and mail all necessary reports to Shareholders or various authorities as requested by the Fund. Report to the Fund reinvestment plan share purchases and determination of the reinvestment price. D. MEETINGS OF SHAREHOLDERS o Cause to be mailed proxy and related material for all meetings of Shareholders. Tabulate returned proxies (proxies must be adaptable to mechanical equipment of the Agent or its agents) and supply daily reports when sufficient proxies have be...
Insufficient Funds for Payments. If the Agent does not receive sufficient cash from the Funds' custodian to make total dividend and/or distribution payments to all shareholders as of the record date, the Agent will, upon notifying the Trust, withhold payment to all shareholders of record as of the record date, until such sufficient cash is provided to the Agent.
Insufficient Funds for Payments. If the Transfer Agent does not -------------------------------- receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all shareholders of a Portfolio of the Trust as of the record date, the Transfer Agent will, upon notifying the Trust, withhold payment to all shareholders of record as of the record date until such sufficient cash is provided to the Transfer Agent.
Insufficient Funds for Payments. If IMSC does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all Shareholders of the Fund as of the record date, IMSC will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until such sufficient cash is provided to IMSC.
Insufficient Funds for Payments. If Ivy Management does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all shareholders of a Fund of the Trust as of the record date, Ivy Management will, upon notifying the Trust, withhold payment to all shareholders of record as of the record date until such sufficient cash is provided to Ivy Management.
Insufficient Funds for Payments. If the Transfer Agent or its agent does not receive sufficient cash from the Custodian to make accurately determined total dividend and/or distribution payments to all shareholders of the Trust as of the record date, the Transfer Agent or its agent will, upon notifying the Trust, withhold payment to all Shareholders of record as of the record date until sufficient cash is provided to the Transfer Agent or its agent, unless such insufficient cash is a result of the Transfer Agent's negligence. Exhibit 1 to Schedule C Summary of Services The services to be performed by the Transfer Agent or its agent shall be as follows:
Insufficient Funds for Payments. If the Transfer Agent or its agent does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all shareholders of the Fund as of the record date, the Transfer C-4 Agent or its agent will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until sufficient cash is provided to the Transfer Agent or its agent. Issue and mail replacement checks. Open new accounts and maintain records of exchanges between accounts
Insufficient Funds for Payments. If the Agent or its agent does ------------------------------- not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all Shareholders of the Fund as of the record date, the Agent or its agent will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until such sufficient cash is provided to the Agent or its agent. Exhibit 1 to Schedule C Summary of Services The services to be performed by the Agent or its agent shall be as follows:
Insufficient Funds for Payments. If PFPC or its agent does not receive sufficient cash from the Custodian to make total dividend and/or distribution payments to all shareholders of the Fund as of the record date, PFPC or its agent will, upon notifying the Fund, withhold payment to all Shareholders of record as of the record date until sufficient cash is provided to PFPC or its agent.
