Common use of Insufficient Funds for Payments Clause in Contracts

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 Company as of the record date, the Transfer Agent or its agent will, upon notifying the Company, withhold payment to all Shareholders of record as of the record date until sufficient cash is provided to the Transfer Agent or its agent.

Appears in 2 contracts

Samples: Exhibit 99 (St Clair Funds Inc), Agency and Registrar Agreement (St Clair Funds Inc)

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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 Company Trust as of the record date, the Transfer Agent or its agent will, upon notifying the CompanyTrust, withhold payment to all Shareholders shareholders of record as of the record date until such sufficient cash is provided to the Transfer Agent or its agentAgent.

Appears in 1 contract

Samples: Transfer Agency Agreement (WPG Tudor Fund)

Insufficient Funds for Payments. If the Transfer Agent or its agent does not -------------------------------- receive sufficient cash from the Custodian custodian to make total dividend and/or distribution payments to all shareholders of the Company Trust as of the record date, the Transfer Agent or its agent will, upon notifying the CompanyTrust, withhold payment to all Shareholders shareholders of record as of the record date until such sufficient cash is provided to the Transfer Agent or its agentAgent.

Appears in 1 contract

Samples: Transfer Agency Agreement (WPG Growth Fund)

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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 Shareholders of the Company Fund as of the record date, the Transfer Agent or its agent will, upon notifying the CompanyFund, withhold payment to all Shareholders of record as of the record date until such sufficient cash is provided to the Transfer Agent or its agent.. Exhibit 1 to Schedule B Summary of Services The services to be performed by the Transfer Agent or agent shall be as follows:

Appears in 1 contract

Samples: Transfer Agency and Registrar Agreement (Colonial Intermediate High Income Fund)

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