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

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. (a) The Transfer Agent shall accept with respect to each Fund Business Day, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, each (i) purchase order received from a purchaser, or shareholder, whether or not an Approved Institution, and (ii) redemption request either received from a shareholder, whether or not an Approved Institution, or contained in a Certificate, provided, that (A) such purchase order or redemption request, as the case may be, is reasonably believed by the Transfer Agent to be in conformity with the Fund's purchase and redemption procedures described in the Prospectus, and (B) the Transfer Agent has agreed to accept and act in accordance with such type of purchase order or redemption request, as the case may be. (b) The Transfer Agent shall also accept with respect to each Fund Business Day, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape consistent in all respects with the Transfer Agent's tape layout package, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. 18. On each Fund Business Day a duly authorized officer or employee of the Transfer Agent shall furnish the following information by telephone call to an Officer of the Fund or by such other form to such other person as shall be agreed upon from time to time by the Fund and the Transfer Agent: (1) The total dollar amount of Shares to be applied to the purchase of each class on such day, computed by aggregating the amount so specified in (i) such of the purchase orders described in preceding paragraph l (a) of this Article with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article timely received by the Transfer Agent with respect to such day and with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day; and (2) The total dollar amount of Shares of each class to be redeemed on such day, computed by aggregating the amount so specified in (i) such of the redemption requests described in preceding paragraph l (a) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day. 19. On each Fund Business Day the Transfer Agent shall, as of the time at which the Fund computes its net asset value, issue to, and redeem from, the accounts specified in a purchase order, redemption request, or computer tape which in accordance with the Prospectus is effective on such Fund Business Day the appropriate number of full and fractional Shares based on the net asset value per Share of such class specified in an advice received on such Fund Business Day from the Fund, provided, however, that no Shares shall be issued pursuant to any purchase order or computer tape unless the Custodian has notified the Transfer Agent that the money with respect to such purchase has been received by the Custodian. Notwithstanding the foregoing, if a redemption specified in a computer tape is for a dollar value of Shares in excess of the dollar value of uncertificated Shares in the specified account, the Transfer Agent shall not effect such redemption in whole or part, and shall orally advise both the Fund and the Approved Institution which supplied such tape of such discrepancy. 20. The Transfer Agent shall, as of each Fund Business Day specified in a Certificate or resolution described in paragraph 1 of succeeding Article VI, issue Shares of a class, based on the net asset value per Share of such class specified in an advice received from the Fund on such Fund Business Day, in connection with a reinvestment of a dividend or distribution on Shares of such class. 21. On each Fund Business Day the Transfer Agent shall supply the Fund with a statement specifying with respect to the immediately preceding Fund Business Day: the total number of Shares of each class (including fractional Shares) issued and outstanding at the opening of business on such day; the total number of Shares of each class sold to The Bank of New York, as agent for the purchasers, on such day, pursuant to preceding paragraph 3 of this Article; the total number of Shares of each class redeemed by The Bank of New York, as agent for the respective redeeming shareholders, on such day; the total number of Shares of each class, if any, sold to The Bank of New York, as agent for shareholders, on such day pursuant to preceding paragraph 4 of this Article, and the total number of Shares of each class issued and outstanding. On the same day such statement is received by the Fund, the Fund shall confirm the information contained therein by delivering to the Transfer Agent a Certificate with respect to the same. 22. In connection with each purchase and each redemption of Shares, the Transfer Agent shall send such statements as are described in the Prospectus. If the Prospectus indicates that certificates for Shares are available, and if specifically requested in writing by any shareholder, or if' otherwise required hereunder, the Transfer Agent will countersign, issue and mail by not less than first class insured mail, to such shareholder at the address set forth in the records of the Transfer Agent, a Share certificate for any full Shares requested.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. (a) The On each Business Day, the Transfer Agent shall accept with respect to each Fund Business Dayaccept, at such times time as are agreed upon from time to time by the Transfer Agent and the Fund, each (i) purchase order orders received by the Transfer Agent directly from a purchaser, or shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, and (ii) redemption request 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, providedand (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 (A1) such purchase order order, exchange request or redemption request, as the case may be, is reasonably believed by the Transfer Agent to be in conformity with the Fund's purchase purchase, exchange, and redemption procedures procedures, as applicable, described in the Prospectus, and (B2) 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 in accordance with as to such type of purchase order or redemption 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's to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as the case may beto such sales as specified in Appendix B to this Agreement. (b) The On each Business Day, the Transfer Agent shall also accept with respect to each Fund Business Dayaccept, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape Computer Tape consistent in all respects with the Transfer Agent's tape layout package, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. 18. On each Fund Business Day a duly authorized officer or employee , setting forth data as to purchases, redemptions and exchanges of Shares irrespective of whether payment of the purchase price accompanies such computer tape. The Transfer Agent may rely on the data on such Computer Tapes as accurate, and shall furnish the following information not be responsible hereunder for errors in such Computer Tapes furnished to it hereunder, unless caused by telephone call to an Officer of the Fund or by such other form to such other person as shall be agreed upon from time to time by the Fund and the Transfer Agent:'s own negligence, bad faith or willful misconduct. (1c) The total dollar amount of Shares On each Business Day, the Fund shall provide or cause to be applied provided to the purchase of each class on Transfer Agent, at such daytime as the parties hereto shall agree, computed by aggregating the amount so specified in (i) such of the purchase orders described in preceding paragraph l (a) of this Article with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article timely received by the Transfer Agent with respect to such day and with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day; and (2) The total dollar amount of Shares of each class to be redeemed on such day, computed by aggregating the amount so specified in (i) such of the redemption requests described in preceding paragraph l (a) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day. 19. On each Fund Business Day the Transfer Agent shall, as of the time at which the Fund computes its net asset value, issue to, and redeem from, the accounts specified in a purchase order, redemption request, or computer tape which in accordance with the Prospectus is effective on such Fund Business Day the appropriate number of full and fractional Shares based on the net asset value per Share of share for the Fund and such class specified in an advice received on such Fund Business Day from the Fund, provided, however, that no Shares shall be issued pursuant to any purchase order or computer tape unless the Custodian has notified other information as the Transfer Agent that the money with respect to such purchase has been received by the Custodian. Notwithstanding the foregoing, if a redemption specified in a computer tape is for a dollar value of Shares in excess of the dollar value of uncertificated Shares in the specified account, the Transfer Agent shall not effect such redemption in whole or part, and shall orally advise both the Fund and the Approved Institution which supplied such tape of such discrepancymay reasonably request. 20. The Transfer Agent shall, as of each Fund Business Day specified in a Certificate or resolution described in paragraph 1 of succeeding Article VI, issue Shares of a class, based on the net asset value per Share of such class specified in an advice received from the Fund on such Fund Business Day, in connection with a reinvestment of a dividend or distribution on Shares of such class. 21. On each Fund Business Day the Transfer Agent shall supply the Fund with a statement specifying with respect to the immediately preceding Fund Business Day: the total number of Shares of each class (including fractional Shares) issued and outstanding at the opening of business on such day; the total number of Shares of each class sold to The Bank of New York, as agent for the purchasers, on such day, pursuant to preceding paragraph 3 of this Article; the total number of Shares of each class redeemed by The Bank of New York, as agent for the respective redeeming shareholders, on such day; the total number of Shares of each class, if any, sold to The Bank of New York, as agent for shareholders, on such day pursuant to preceding paragraph 4 of this Article, and the total number of Shares of each class issued and outstanding. On the same day such statement is received by the Fund, the Fund shall confirm the information contained therein by delivering to the Transfer Agent a Certificate with respect to the same. 22. In connection with each purchase and each redemption of Shares, the Transfer Agent shall send such statements as are described in the Prospectus. If the Prospectus indicates that certificates for Shares are available, and if specifically requested in writing by any shareholder, or if' otherwise required hereunder, the Transfer Agent will countersign, issue and mail by not less than first class insured mail, to such shareholder at the address set forth in the records of the Transfer Agent, a Share certificate for any full Shares requested.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. (a) The On each Business Day, the Transfer Agent shall accept with respect to each Fund Business Dayaccept, at such times time as are agreed upon from time to time by the Transfer Agent and the Fund, each (i) purchase order orders received by the Transfer Agent directly from a purchaser, or shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, and (ii) redemption request 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, providedand (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 (A1) such purchase order order, exchange request or redemption request, as the case may be, is reasonably believed by the Transfer Agent to be in conformity with the Fund's purchase purchase, exchange, and redemption procedures procedures, as applicable, described in the Prospectus, and (B2) 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 in accordance with as to such type of purchase order or redemption 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's to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as the case may beto such sales as specified in Appendix B to this agreement. (b) The On each Business Day, the Transfer Agent shall also accept with respect to each Fund Business Dayaccept, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape Computer Tape consistent in all respects with the Transfer Agent's tape layout package, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. 18. On each Fund Business Day a duly authorized officer or employee , setting forth data as to purchases, redemptions and exchanges of Shares irrespective of whether payment of the purchase price accompanies such computer tape. The Transfer Agent may rely on the data on such Computer Tapes as accurate, and shall furnish the following information not be responsible hereunder for errors in such Computer Tapes furnished to it hereunder, unless caused by telephone call to an Officer of the Fund or by such other form to such other person as shall be agreed upon from time to time by the Fund and the Transfer Agent:'s own negligence, bad faith or willful misconduct. (1c) The total dollar amount of Shares On each Business Day, the Fund shall provide or cause to be applied provided to the purchase of each class on Transfer Agent, at such daytime as the parties hereto shall agree, computed by aggregating the amount so specified in (i) such of the purchase orders described in preceding paragraph l (a) of this Article with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article timely received by the Transfer Agent with respect to such day and with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day; and (2) The total dollar amount of Shares of each class to be redeemed on such day, computed by aggregating the amount so specified in (i) such of the redemption requests described in preceding paragraph l (a) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day. 19. On each Fund Business Day the Transfer Agent shall, as of the time at which the Fund computes its net asset value, issue to, and redeem from, the accounts specified in a purchase order, redemption request, or computer tape which in accordance with the Prospectus is effective on such Fund Business Day the appropriate number of full and fractional Shares based on the net asset value per Share of share for the Fund and such class specified in an advice received on such Fund Business Day from the Fund, provided, however, that no Shares shall be issued pursuant to any purchase order or computer tape unless the Custodian has notified other information as the Transfer Agent that the money with respect to such purchase has been received by the Custodian. Notwithstanding the foregoing, if a redemption specified in a computer tape is for a dollar value of Shares in excess of the dollar value of uncertificated Shares in the specified account, the Transfer Agent shall not effect such redemption in whole or part, and shall orally advise both the Fund and the Approved Institution which supplied such tape of such discrepancymay reasonably request. 20. The Transfer Agent shall, as of each Fund Business Day specified in a Certificate or resolution described in paragraph 1 of succeeding Article VI, issue Shares of a class, based on the net asset value per Share of such class specified in an advice received from the Fund on such Fund Business Day, in connection with a reinvestment of a dividend or distribution on Shares of such class. 21. On each Fund Business Day the Transfer Agent shall supply the Fund with a statement specifying with respect to the immediately preceding Fund Business Day: the total number of Shares of each class (including fractional Shares) issued and outstanding at the opening of business on such day; the total number of Shares of each class sold to The Bank of New York, as agent for the purchasers, on such day, pursuant to preceding paragraph 3 of this Article; the total number of Shares of each class redeemed by The Bank of New York, as agent for the respective redeeming shareholders, on such day; the total number of Shares of each class, if any, sold to The Bank of New York, as agent for shareholders, on such day pursuant to preceding paragraph 4 of this Article, and the total number of Shares of each class issued and outstanding. On the same day such statement is received by the Fund, the Fund shall confirm the information contained therein by delivering to the Transfer Agent a Certificate with respect to the same. 22. In connection with each purchase and each redemption of Shares, the Transfer Agent shall send such statements as are described in the Prospectus. If the Prospectus indicates that certificates for Shares are available, and if specifically requested in writing by any shareholder, or if' otherwise required hereunder, the Transfer Agent will countersign, issue and mail by not less than first class insured mail, to such shareholder at the address set forth in the records of the Transfer Agent, a Share certificate for any full Shares requested.

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. (a) 1. The Transfer Agent shall accept acknowledges that it has received a copy of the Company's Prospectuses with respect to each Fund Business Dayits currently authorized Funds and Classes of Shares, at such times as are agreed upon from time to time by which Prospectuses describe how sales and redemption of Shares of the Company shall be made, and the Transfer Agent and the Fund, each (i) agrees to accept purchase order received from a purchaser, or shareholder, whether or not an Approved Institution, and (ii) redemption request either received from a shareholder, whether or not an Approved Institution, or contained in a Certificate, provided, that (A) such purchase order or redemption request, as the case may be, is reasonably believed by the Transfer Agent to be in conformity with the Fund's purchase orders and redemption procedures described in the Prospectus, and (B) the Transfer Agent has agreed requests with respect to accept and act Company Shares on each Company Business Day in accordance with such type Prospectuses. The Company agrees to notify the Transfer Agent as soon as possible under the circumstances of any changes in the procedures set forth in the Prospectus regarding such purchase order or and redemption request, as the case may beprocedures. (b) The Transfer Agent shall also accept with respect to 2. On each Fund Company Business Day, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape consistent in all respects with the Transfer Agent's tape layout package, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. 18. On each Fund Business Day a duly authorized officer or employee of the Transfer Agent shall furnish the following information by telephone call to an Officer Authorized Person of the Fund Company or by such other form to such other person as shall be agreed upon from time to time by the Fund Company and the Transfer Agent: (1a) The total dollar amount of Shares to be applied to the purchase of Shares of each class Class or Fund on such day, computed by aggregating the amount so specified in (i) such of the purchase orders described in preceding paragraph l (a) 1 of this Article IV with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l Custodian (b) of this Article timely received by the Transfer Agent with respect to such day and with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day; and (2) The total dollar amount of Shares of each class Class or Fund to be redeemed on such day, computed by aggregating the amount so specified in (i) such of the redemption requests described in preceding paragraph l (a) 1 of this Article IV with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b2(a) of this Article IV with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day. 193. On each Fund Company Business Day Day, the Transfer Agent shall, as of the time at which the Fund Company computes its the net asset valuevalue of each Class or Fund of the Company, issue to, to and redeem from, from the shareholder accounts specified in a purchase order, redemption request, request or computer tape tape, which in accordance with the Prospectus Prospectuses is effective on such Fund Company Business Day Day, the appropriate number of full and fractional Shares based on the net asset value per Share of such class Class or Fund specified in an advice received on such Fund Company Business Day from the Fund, provided, however, that no Shares shall be issued pursuant to any purchase order Company or computer tape unless the Custodian has notified the Transfer Agent that the money with respect to such purchase has been received by the CustodianCompany Accountant. Notwithstanding the foregoing, if a redemption specified in a computer tape is for a dollar value of Shares in excess of the dollar value of uncertificated Shares in the specified account, the Transfer Agent shall not effect such redemption in whole or part, in part and shall within twenty-four (24) hours orally advise both the Fund and the Approved Institution which supplied such tape of such the discrepancy. 204. The Transfer Agent shall, as of each Fund Business Day specified in a Certificate or resolution described in paragraph 1 of succeeding Article VI, issue Shares of a class, based on the net asset value per Share of such class specified in an advice received from the Fund on such Fund Business Day, in In connection with a reinvestment of a dividend or distribution on Shares of any Class or Fund of the Company, the Transfer Agent shall, as of each Company Business Day, as specified in a Certificate or resolution described in paragraph 1 of Article V, issue Shares of a Class or Fund to the appropriate shareholder account, based on the net asset value per Share of such classClass or Fund specified in an advice received from the Company or its Company Accountant on such Company Business Day. 215. On each Fund Company Business Day Day, the Transfer Agent shall supply the Fund Company Accountant with a statement specifying with respect to the immediately preceding Fund Business Day: the total number of Shares of each class (including fractional Shares) issued and outstanding at the opening of business on such day; the total number of Shares of each class sold to The Bank of New York, as agent for the purchasers, on such day, pursuant to preceding paragraph 3 of this Article; the total number of Shares of each class redeemed by The Bank of New York, as agent for the respective redeeming shareholders, on such day; the total number of Shares of each class, if any, sold to The Bank of New York, as agent for shareholders, on such day pursuant to preceding paragraph 4 of this Article, and the total number of Shares of each class issued and outstanding. On the same day such statement is received by the Fund, the Fund shall confirm the information contained therein by delivering to the Transfer Agent a Certificate with respect to the same.specifying 226. In connection with each purchase and each redemption of Shares, and each reinvestment of a dividend or distribution of Shares, the Transfer Agent shall send to the affected shareholder such statements as are prescribed by the federal securities laws applicable to transfer agents and as are described in the Prospectusapplicable Prospectuses. If the Prospectus indicates Prospectuses indicate that certificates for Shares are available, available and if specifically requested in writing by any shareholder, or if' if otherwise required hereunder, the Transfer Agent will shall countersign, issue and mail by not less than first first-class insured mail, mail to such shareholder at the address set forth in the records of the Transfer Agent, a Share certificate for any full Shares requested. 7. With respect to each Company Business Day, the Transfer Agent shall furnish the Custodian on such Company Business Day or the next Company Business Day (in accordance with the prospectus) with a written statement (which may be by facsimile transfer) setting forth the number and dollar amount of each Class or Fund of Shares to be redeemed on such Company Business Day in accordance with paragraph 3 of this Article IV. 8. Upon receipt of a proper redemption request and moneys paid to it by the Custodian in connection with a redemption of Shares (the Transfer Agent may make payment for redeemed shares prior to receipt of moneys from the Custodian), the Transfer Agent shall cancel any Shares certificates relating to such redeemed Shares or make an equivalent designation on the appropriate records with respect to any uncertificated Shares relating to such redeemed Shares and, after making appropriate deduction for any withholding of taxes required of it by applicable law, (a) in the case of a redemption of Shares pursuant to a redemption described in paragraph 1 of this Article IV, make payment in accordance with the Company's redemption and payment procedures described in the Prospectuses, and (b) in the case of a redemption of Shares pursuant to a computer tape described in paragraph 2(b) of this Article IV, make payment by directing a federal funds wire order to the account previously designated by the Approved Institution specified in the computer tape. 9. The Transfer Agent shall not be required to issue any Shares after it has received from an Authorized Person of the Company or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Transfer Agent shall be entitled to rely upon such written notification. 10. Upon the issuance of any Shares in accordance with this Agreement, the Transfer Agent shall not be responsible for the payment of any original issue or other taxes required to be paid by the Company in connection with such issuance of any Shares. 11. The Transfer Agent shall accept a computer tape consistent with the Transfer Agent's tape layout package, as amended from time to time upon prior notice to the Company or the Distributor, which is reasonably believed by the Transfer Agent to be furnished by or on behalf of an Approved Institution and is represented to be instructions with respect to the transfer of Shares from one account of such Approved Institution to another such account, and shall effect the transfers specified in said computer tape. The Transfer Agent shall not be liable for any losses to the Company or its shareholders in the event that a computer tape or electronic data transmission from an Approved Institution is unable to be processed for any reason beyond the control of the Transfer Agent, or if any of the information on such tape or transmission is found to be incorrect. (a) Except as otherwise provided in sub-paragraph (b) of this paragraph and in paragraph 14 of this Article IV, Shares shall be transferred or redeemed upon presentation to the Transfer Agent of Share certificates or instructions properly endorsed for transfer or redemption, accompanied by such documents as the Transfer Agent deems necessary to evidence the authority of the person making such transfer or redemption, and bearing satisfactory evidence of the payment of any transfer taxes. In the case of small estates where no administration is contemplated, the Transfer Agent may, when furnished with an appropriate surety bond and other appropriate information requested by the Transfer Agent, and without further approval of the Company, transfer or redeem Shares registered in the name of a decedent where the current market value of the Shares being transferred does not exceed such amount as may from time to time be prescribed by various states. The Transfer Agent reserves the right to refuse to transfer or redeem Shares until it is satisfied that the endorsement on the share certificate or instructions is valid and genuine, and for that purpose it will require, unless otherwise instructed by an authorized officer of the Company (which instruction shall not prohibit the Transfer Agent from requesting a signature guarantee from a participant in a Medallion Program approved by the Security Transfer Association), a guarantee of signature, acceptable to the Transfer Agent and in compliance with applicable law. The (b) Notwithstanding the foregoing or any other provision contained in this Agreement to the contrary, the Transfer Agent shall be fully protected by the Company in the event the Transfer Agent does not require any instruments, documents, assurances, endorsements or guarantees, including, without limitation, any signature guarantees, in connection with a redemption or transfer of Shares whenever the Transfer Agent reasonably believes that requiring the same would be inconsistent with the transfer and redemption procedures as described in the applicable Prospectus. 13. Notwithstanding any provision contained in this Agreement to the contrary, the Transfer Agent shall not be required or expected to require, as a condition to any transfer of any Shares pursuant to paragraph 12 of this Article IV or any redemption of any Shares pursuant to a computer tape described in this Agreement, any documents, including, without limitation, any documents of the kind described in sub-paragraph (a) of paragraph 12 of this Article IV, to evidence the authority of the person requesting the transfer or redemption and/or the payment of any share transfer taxes, and shall be fully protected in acting in accordance with the applicable provisions of this Article IV. (a) As used in this Agreement, the terms "computer tape" and "computer tape believed by the Transfer Agent to be furnished by an Approved Institution" shall include any tape or electronic transmission generated by the Transfer Agent to reflect information believed by the Transfer Agent to have been input by an Approved Institution, via a remote terminal or other similar link, into a data processing, storage, or collection system, or similar system (the "System"), located on the Transfer Agent's premises or utilized by the Transfer Agent. For purposes of paragraph 2 of this Article IV, such computer tape shall be deemed to have been furnished at such times as are agreed upon from time to time by the Transfer Agent and Company only if the information reflected thereon was input into the System at such times as are agreed upon from time to time by the Transfer Agent and the Company. (b) Nothing contained in this Agreement shall constitute any agreement or representation by the Transfer Agent to permit, or to agree to permit, any Approved Institution to input information into a System. (c) The Transfer Agent reserves the right to approve in advance any Approved Institution, such approval not to be unreasonably withheld. The Transfer Agent also reserves the right to terminate any and all automated data communications, at its discretion, upon a reasonable attempt to notify the Company when in the opinion of the Transfer Agent continuation of such communications would jeopardize the accuracy and/or integrity of the Company's records on the System. 15. Any interest or other earnings on bank cash balances or otherwise in connection with purchases or redemptions of Shares, dividends payable with respect to Shares or on any other "float" with respect to the Company shall be for the benefit and account of the Company."

ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. (a) The On each Business Day, the Transfer Agent shall accept with respect to each Fund Business Dayaccept, at such times time as are agreed upon from time to time by the Transfer Agent and the Fund, each (i) purchase order orders received by the Transfer Agent directly from a purchaser, or shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, and (ii) redemption request 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, providedand (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 (A1) such purchase order order, exchange request or redemption request, as the case may be, is reasonably believed by the Transfer Agent to be in conformity with the Fund's purchase purchase, exchange, and redemption procedures procedures, as applicable, described in the Prospectus, and (B2) 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 in accordance with as to such type of purchase order or redemption 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 the case may beto such sales as specified in Appendix B to this Agreement. (b) The On each Business Day, the Transfer Agent shall also accept with respect to each Fund Business Dayaccept, at such times time as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape Computer Tape consistent in all respects with the Transfer Agent's tape layout package, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. 18. On each Fund Business Day a duly authorized officer or employee , setting forth data as to purchases, redemptions and exchanges of Shares irrespective of whether payment of the purchase price accompanies such computer tape. The Transfer Agent may rely on the data on such Computer Tapes as accurate, and shall furnish the following information not be responsible hereunder for errors in such Computer Tapes furnished to it hereunder, unless caused by telephone call to an Officer of the Fund or by such other form to such other person as shall be agreed upon from time to time by the Fund and the Transfer Agent:'s own negligence, bad faith or willful misconduct. (1c) The total dollar amount of Shares On each Business Day, the Fund shall provide or cause to be applied provided to the purchase of each class on Transfer Agent, at such daytimes as the parties hereto shall agree, computed by aggregating the amount so specified in (i) such of the purchase orders described in preceding paragraph l (a) of this Article with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article timely received by the Transfer Agent with respect to such day and with respect to which payment has been, or will be, credited by the Custodian to the Fund's custody account on such day; and (2) The total dollar amount of Shares of each class to be redeemed on such day, computed by aggregating the amount so specified in (i) such of the redemption requests described in preceding paragraph l (a) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day, and (ii) all computer tapes described in preceding paragraph l (b) of this Article with respect to which the amount payable as redemption proceeds has been, or will be, charged by the Custodian against the Fund's custody account on such day. 19. On each Fund Business Day the Transfer Agent shall, as of the time at which the Fund computes its net asset value, issue to, and redeem from, the accounts specified in a purchase order, redemption request, or computer tape which in accordance with the Prospectus is effective on such Fund Business Day the appropriate number of full and fractional Shares based on the net asset value per Share of share for the Fund and such class specified in an advice received on such Fund Business Day from the Fund, provided, however, that no Shares shall be issued pursuant to any purchase order or computer tape unless the Custodian has notified other information as the Transfer Agent that the money with respect to such purchase has been received by the Custodian. Notwithstanding the foregoing, if a redemption specified in a computer tape is for a dollar value of Shares in excess of the dollar value of uncertificated Shares in the specified account, the Transfer Agent shall not effect such redemption in whole or part, and shall orally advise both the Fund and the Approved Institution which supplied such tape of such discrepancymay reasonably request. 20. The Transfer Agent shall, as of each Fund Business Day specified in a Certificate or resolution described in paragraph 1 of succeeding Article VI, issue Shares of a class, based on the net asset value per Share of such class specified in an advice received from the Fund on such Fund Business Day, in connection with a reinvestment of a dividend or distribution on Shares of such class. 21. On each Fund Business Day the Transfer Agent shall supply the Fund with a statement specifying with respect to the immediately preceding Fund Business Day: the total number of Shares of each class (including fractional Shares) issued and outstanding at the opening of business on such day; the total number of Shares of each class sold to The Bank of New York, as agent for the purchasers, on such day, pursuant to preceding paragraph 3 of this Article; the total number of Shares of each class redeemed by The Bank of New York, as agent for the respective redeeming shareholders, on such day; the total number of Shares of each class, if any, sold to The Bank of New York, as agent for shareholders, on such day pursuant to preceding paragraph 4 of this Article, and the total number of Shares of each class issued and outstanding. On the same day such statement is received by the Fund, the Fund shall confirm the information contained therein by delivering to the Transfer Agent a Certificate with respect to the same. 22. In connection with each purchase and each redemption of Shares, the Transfer Agent shall send such statements as are described in the Prospectus. If the Prospectus indicates that certificates for Shares are available, and if specifically requested in writing by any shareholder, or if' otherwise required hereunder, the Transfer Agent will countersign, issue and mail by not less than first class insured mail, to such shareholder at the address set forth in the records of the Transfer Agent, a Share certificate for any full Shares requested.