Notification of Extended Settlement. Should a Fund need to extend settlement on an aggregate trade, Fund Company must notify Schwab by 7:00 p.m. Eastern Time on trade date to discuss the extension. For purposes of determining the length of settlement on an aggregate trade, Fund Company agrees to treat shareholders that hold Fund shares through the Account the same as it treats all other shareholders, including those that hold Fund shares directly with the Fund and those that hold indirectly through another financial intermediary. Each party shall be responsible for the interest cost associated with such party's failure to settle trades in a timely fashion, which interest will be charged at the Federal Funds rate or, if applicable, as set forth in Section 7.e. below for Fund Company.
Appears in 2 contracts
Samples: Fund Operating Agreement (JNL Investors Series Trust), Fund Operating Agreement (Alliancebernstein Large Cap Growth Fund Inc)
Notification of Extended Settlement. Should a Fund need to extend settlement on an aggregate trade, Fund Company must notify contact Schwab by 7:00 p.m. Eastern Time on trade date to discuss the extension. For purposes of determining the length of settlement on an aggregate trade, Fund Company agrees to treat shareholders that hold Fund shares through the Account the same as it treats all other shareholders, including those that hold Fund shares directly with the Fund and those that hold indirectly through another financial intermediary. Each party shall be responsible for the interest cost associated with such party's ’s failure to settle trades in a timely fashion, which interest will be charged at the Federal Funds rate or, if applicable, as set forth in Section 7.e6.e. below for Fund Company.
Appears in 2 contracts
Samples: Operating Agreement (Pacific Global Fund Inc), Operating Agreement (GMO Series Trust)
Notification of Extended Settlement. Should a Fund need to extend settlement on an aggregate trade, Fund Company must notify contact Schwab by 7:00 p.m. Eastern Time on trade date to discuss the extension. For purposes of determining the length of settlement on an aggregate trade, Fund Company agrees to treat shareholders that hold Fund shares through the Account the same as it treats all other shareholders, including those that hold Fund shares directly with the Fund and those that hold indirectly through another financial intermediary. Each party shall be responsible for the interest cost associated with such party's failure to settle trades in a timely fashion, which interest will be charged at the Federal Funds rate or, if applicable, as set forth in Section 7.e6.e. below for Fund Company.
Appears in 1 contract
Notification of Extended Settlement. Should a Fund need to extend settlement on an aggregate trade, Fund Company must notify Schwab by 7:00 p.m. Eastern Time on trade date to discuss the extension. For purposes of determining the length of settlement on an aggregate trade, Fund Company agrees to treat shareholders that hold Fund shares through the Account the same as it treats all other shareholders, including those that hold Fund shares directly with the Fund and those that hold indirectly through another financial intermediary. Each party shall be responsible for the interest cost associated with such party's ’s failure to settle trades in a timely fashion, which interest will be charged at the Federal Funds rate or, if applicable, as set forth in Section 7.e. below for Fund Company.
Appears in 1 contract
Samples: Fund Operating Agreement (Seligman Core Fixed Income Fund, Inc)
Notification of Extended Settlement. Should a Fund need to extend settlement on an aggregate trade, Fund Company must notify contact Schwab by 7:00 p.m. Eastern Time on trade date to discuss the extension. For purposes of determining the length of settlement on an aggregate trade, Fund Company agrees to treat shareholders that hold Fund shares through the Account the same as it treats all other shareholders, including those that hold Fund shares directly with the Fund and those that hold indirectly through another financial intermediary. Each party shall be responsible for the interest cost associated with such party's ’s failure to settle trades in a timely fashion, which interest will be charged at the Federal Funds rate or, if applicable, as set forth in Section 7.e6.e. below for Fund Company.. First Focus Form 6v4
Appears in 1 contract
