Common use of ISSUANCE, REDEMPTION AND TRANSFER OF SHARES Clause in Contracts

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase 5 orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund Fund's to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreementagreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. 5.1 (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, request or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund Fund's to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time times as are agreed upon from time to time by the Transfer Agent and the FundTrust, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the one Fund's Shares of a given class for Shares of another fund Fund (but the same class) received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the a Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund Trust or the Distributor for the collection of such amounts and shall wire such amounts to the relevant Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the FundTrust's compliance with states state securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund Trust to monitor the total number of Shares of the each Fund and of each class sold in each state and shall provide the Fund Trust reports as to such sales as specified in Appendix B to this Agreement.