Common use of Notes and Conditions to Purchase, Redemption and Transfer of Shares Clause in Contracts

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's anti-money-laundering ("AML") program; (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions requesting the issuance, (ii) evidence that the Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Counsel regarding the legality and validity of the issuance; (c) Issue Shares in accordance with the terms of a Fund's or Class' Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Procedures, Atlantic's operational procedures and/or Atlantic's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary; (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of Atlantic's counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's Forum' anti-money-laundering ("AML") program;. (See Section 4 below.) (b) Atlantic Forum may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Board Client's Governing Body has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Counsel regarding the counsel to the Client about the legality and validity of the issuance;. (c) Issue Shares shall be issued in accordance with the terms of a Fund's or Class' Prospectus after Atlantic Forum or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Client's Procedures, AtlanticForum's operational procedures and/or AtlanticForum's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary;. (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic Forum is credited with Federal Funds with respect to that check; and. (e) In registering transfers of Shares, Atlantic Forum may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of AtlanticForum's counsel, protect Atlantic Forum and the Trust Client from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's anti-money-laundering ("AML") program;. (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Trust's Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the counsel to the Trust Counsel regarding the legality and validity of the issuance;. (c) Issue Shares shall be issued in accordance with the terms of a Fund's or Class' Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Trust's Policies and Procedures, Atlantic's operational procedures and/or Atlantic's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary;. (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of Atlantic's counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's ’s and the Trust's ’s anti-money-laundering ("“AML"”) program; (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions requesting the issuance, (ii) evidence that the Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Counsel regarding the legality and validity of the issuance; (c) Issue Shares in accordance with the terms of a Fund's ’s or Class' ’ Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Procedures, Atlantic's ’s operational procedures and/or Atlantic's ’s AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary; (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of Atlantic's ’s counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to AtlanticCitibank's and the Trust's anti-money-laundering ("AML") program;. (b) Atlantic Citibank may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Trust's Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the counsel to the Trust Counsel regarding the legality and validity of the issuance;. (c) Issue Shares shall be issued in accordance with the terms of a Fund's or Class' Prospectus after Atlantic Citibank or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Trust's Policies and Procedures, AtlanticCitibank's operational procedures and/or AtlanticCitibank's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary;. (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic Citibank is credited with Federal Funds with respect to that check; and. (e) In registering transfers of Shares, Atlantic Citibank may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of AtlanticCitibank's counsel, protect Atlantic Citibank and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic Citibank will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing of requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's anti-money-laundering ("AML") program; (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions requesting the issuance, (ii) evidence that the Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Counsel regarding the legality and validity of the issuance; (c) Issue Shares in accordance with the terms of a Fund's or Class' Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Procedures, Atlantic's operational procedures and/or Atlantic's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary; (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes thatthat Atlantic determines, in upon the opinion advice of Atlantic's counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's anti-money-laundering ("AML") program;. (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Trust's Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the counsel to the Trust Counsel regarding the legality and validity of the issuance;. (c) Issue Shares shall be issued in accordance with the terms of a Fund's or Classclass' Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Trust's Policies and Procedures, Atlantic's operational procedures and/or Atlantic's AML Program: (i) (A) an instruction directing investment in a Fund or Classclass, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction instruction, and (C), ) in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary;. (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Classclass: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and. (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of Atlantic's counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process requests to purchase, redeem and transfer shares of a the Fund shall be subject to Atlantic's and the TrustFund's anti-money-laundering ("AML") program; (b) Atlantic may require any or all of the following in connection with the original issue of Shares: (i) instructions requesting the issuance, (ii) evidence that the Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Fund Counsel regarding the legality and validity of the issuance; (c) Issue Shares in accordance with the terms of a the Fund's or Class' Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Procedures, Atlantic's operational procedures and/or Atlanticthe Fund's AML Program: (i) (A) an instruction directing investment in a the Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary; (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or applicable Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic may rely upon the Uniform Commercial Code as in effect in the State of Delaware Maryland or any other statutes that, in the opinion of Atlantic's counsel, protect Atlantic and the Trust Fund from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's ’s anti-money-laundering ("“AML"”) programprogram and Atlantic TA’s AML Policies and Procedures; (b) Atlantic TA may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Trust’s Board has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the counsel to the Trust Counsel regarding the legality and validity of the issuance; (c) Issue Shares shall be issued in accordance with the terms of a Fund's ’s or Class' ’ Prospectus after Atlantic or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Trust’s Policies and Procedures, Atlantic's Atlantic TA’s operational procedures and/or Atlantic's Atlantic TA’s AML ProgramPolicies and Procedures: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary; (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic TA is credited with Federal Funds with respect to that check; and (e) In registering transfers of Shares, Atlantic TA may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of Atlantic's ’s counsel, protect Atlantic and the Trust from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic TA will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.

Notes and Conditions to Purchase, Redemption and Transfer of Shares. (a) Process Processing requests to purchase, redeem and transfer shares of a Fund shall be subject to Atlantic's and the Trust's Citigroup' anti-money-laundering ("AML") program;. (SEE Section 4 below.) (b) Atlantic Citigroup may require any or all of the following in connection with the original issue of Shares: (i) instructions Instructions requesting the issuance, (ii) evidence that the Board Client's Governing Body has authorized the issuance, (iii) any required funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of Trust Counsel regarding the counsel to the Client about the legality and validity of the issuance;. (c) Issue Shares shall be issued in accordance with the terms of a Fund's or Class' Prospectus after Atlantic Citigroup or its agent receives either of the following, in each case in good order and with such additional items or materials as may be required by the Policies and Client's Procedures, AtlanticCitigroup's operational procedures and/or AtlanticCitigroup's AML Program: (i) (A) an instruction directing investment in a Fund or Class, (B) a check (other than a third party check) or a wire or other electronic payment in the amount designated in the instruction and (C), in the case of an initial purchase, a completed account application; or (ii) the information required for purchases pursuant to a selected dealer agreement, processing organization agreement, or a similar contract with a financial intermediary;. (d) Shareholder payments shall be considered Federal Funds no later than on the day indicated below unless other times are noted in the Prospectus of the applicable Fund or Class: (i) for a wire received, at the time of the receipt of the wire; (ii) for a check drawn on a member bank of the Federal Reserve System, on the next Fund business day following receipt of the check; and (iii) for a check drawn on an institution that is not a member of the Federal Reserve System, at such time as Atlantic Citigroup is credited with Federal Funds with respect to that check; and. (e) In registering transfers of Shares, Atlantic Citigroup may rely upon the Uniform Commercial Code as in effect in the State of Delaware or any other statutes that, in the opinion of AtlanticCitigroup's counsel, protect Atlantic Citigroup and the Trust Client from liability arising from (i) not requiring complete documentation, (ii) registering a transfer without an adverse claim inquiry, (iii) delaying registration for purposes of such inquiry or (iv) refusing registration whenever an adverse claim requires such refusal. As Transfer Agent, Atlantic will be responsible for delivery to the transferor and transferee of such documentation as is required by the Uniform Commercial Code.