Orders and Settlement. If Plan Provider receives instructions in proper form from Participants or Plan Representatives before the Close of Trading on a Business Day, Plan Provider will process such instructions that same evening. On the next Business Day, Plan Provider will transmit orders for net purchases or redemptions of Shares to Distributor or its designee by 9:00 a.m. Central Time and wire payment for net purchases by 2:00 p.m. Central Time. Distributor or its affiliate will wire payment for net redemptions on the Business Day following the day the order is executed for the Accounts. In doing so, Plan Provider will be considered the Funds' agent, and Shares will be purchased and redeemed as of the Business Day on which Plan Provider receives the instructions. Plan Provider will record time and date of receipt of instructions and will, upon request, provide such instructions and other records relating to the Services to Distributor's auditors. If Plan Provider receives instructions in proper form after the Close of Trading on a Business Day, Plan Provider will treat the instructions as if received on the next Business Day.
Orders and Settlement. Orders submitted by Authorized Firm on behalf of investors shall be accepted or rejected by the Trust (or its agent) in the manner disclosed in the Prospectus, or as otherwise agreed to by the parties.
Orders and Settlement. (a) Upon the receipt of instructions from RIA Clients, ETSB will transmit to a Fund’s transfer agent orders to purchase or redeem Fund shares on the basis of those instructions. ETSB agrees that orders for net purchases or net redemptions of Fund shares derived from instructions received in good order by ETSB by 4:00 pm eastern time will be submitted that day (Trade Date) and settled on T+1 via NSCC normal processing ETSB agrees to provide notice upon receipt of instructions in good order to Series Trust of events that may result in financial transactions of $1 million or more and use best efforts to estimate the trade value of such transactions.
(b) Series Trust or its designee will use best efforts to wire payment for net redemptions of Fund shares on a given Business Day on the Business Day such redemption orders are transmitted to a Fund’s transfer agent to an account designated by ETSB no later than 2 PM Eastern Time; provided, however, that a Fund may, if necessary, delay redemption of Fund shares or extend settlement to the extent permitted by the 1940 Act and as prescribed in the Fund’s then current prospectus.
(c) The Business Day on which instructions are received by the Close of Trading in good order by ETSB from RIA Clients shall be the trade date for which shares of the Funds shall be purchased and redeemed as a result of such instructions. Instructions received in good order by ETSB from RIA Clients after the Close of Trading on any given Business Day shall be treated as if received on the next following Business Day. Distributions will be automatically reinvested at net asset value in accordance with each Fund’s then current prospectus unless ETSB otherwise indicates that such distributions are to be paid in cash.
(d) Subject to ETSB’s compliance with the foregoing, ETSB will be considered agent for the Funds for the sole and limited purpose of receiving orders for purchases and redemptions of shares of the Funds on behalf of a Customer.
Orders and Settlement. Plan Provider will calculate order allocations among designated investment media and transmit to Distributor orders to purchase or redeem Shares for specified Accounts. Plan Provider agrees that orders for net purchases or net redemptions of Shares derived from instructions received in proper form by Plan Provider from Plan Representatives prior to the Close of Trading on any given Business Day will be processed that same evening and transmitted to Distributor or its designee by 9:00 a.
Orders and Settlement. Upon the receipt of instructions from Participants or Plan Representatives, the Service Provider will calculate order allocations among designated investment media and transmit to Dreyfus orders to purchase or redeem Shares for specified Accounts on the basis of those instructions. The Service Provider agrees that orders for net purchases or net redemptions of Shares derived from instructions received in proper form by the Service Provider from Participants or Plan Representatives prior to the Close of Trading on any given Business Day will be processed that same evening and transmitted to Dreyfus or its designee by 8:30 a.m. Eastern Time on the next Business Day. The Service Provider agrees that payment for net purchases of Shares attributable to all orders executed for the Accounts on a given Business Day will be wired by the Service Provider on the same Business Day such purchase orders are transmitted to Dreyfus or its designee no later than 2:00 p.m. to a custodial account designated by Dreyfus. Subject to the Service Provider’s compliance with the foregoing, the Service Provider will be considered agent for the Funds and the Business Day on which instructions are received in proper form by the Service Provider from Participants or Plan Representatives by the Close of Trading will be the date as of which Shares will be purchased and redeemed as a result of such instructions. Instructions received in proper form by the Service Provider from Participants or Plan Representatives after the Close of Trading on any given Business Day shall be treated as if received on the next following Business Day. Dividends and capital gains distributions will be automatically reinvested at net asset value in accordance with each Fund’s then current prospectus.
Orders and Settlement. (a) Alliance Partner hereby appoints First Union as its agent for the sole and limited purpose of accepting purchase, exchange and redemption orders for Shares purchased, exchanged or redeemed by the Plans ("Orders"). First Union hereby accepts its appointment on the terms and conditions set forth herein. Notwithstanding anything in this Agreement to the contrary, First Union shall not be acting as agent for Alliance Partner in any manner whatsoever, except in accepting such Orders.
(b) First Union, as agent of Alliance Partner, shall be permitted to accept from the Plans, orders for the purchase, exchange or redemption of Shares of the Funds on each business day that the New York Stock Exchange is open for business and a Fund's net asset value is determined ("Business Day"). First Union shall not be required to accept Orders on any Business Day on which it is not open for business. If Orders are accepted by First Union prior to the latest time at which a Fund's net asset value is calculated as specified in such Fund's prospectus ("Close of Trading") on a Business Day, they shall be treated as having been received by Alliance Partner on such Business Day. If such Orders are received after Close of Trading on a Business Day, they shall not be treated as having been accepted by First Union or Alliance Partner on such Business Day.
(c) Instructions from First Union or its designee for the purchase, exchange or redemption of Shares of the Funds pursuant to Orders shall be processed and transmitted by electronic data transmission to Alliance Partner or its designee. If such means of transmittal become unavailable, then Orders may be processed and transmitted by telephone, fax, or any other mutually acceptable means. First Union or its designee shall only transmit instructions which are pursuant to Orders authorized by the Plans. Such instructions shall specify: (i) either the number of Shares or the dollar amount of any such purchase, exchange or redemption; (ii) the applicable Fund(s); and (iii) the Business Day on which the Order was accepted by First Union.
(d) Instructions for the purchase, exchange or redemption of Shares of the Funds pursuant to Orders shall be properly communicated to and received by Alliance Partner by 9:00 a.m. Eastern Time of the Business Day next following the Business Day on which the Order was accepted by First Union. Such instructions shall be effected at the public offering price of the Shares of the respective Fund (giving effec...
Orders and Settlement. The parties agree that orders to purchase and redeem Shares by the Programs shall be effected on each Business Day as provided in this Section 4. Shareholder Servicing Agreement (for Program Sponsors or Administrators) Servicer shall transmit to the Trust or its designee(s) orders to purchase or redeem Shares of the Funds for accounts that have been or are to be opened with the Trust for the Programs. Solely for purposes of processing purchase and redemption orders from the Programs as described in this Section 4, the Administrator and Servicer agree that Servicer shall be the designee of the Trust’s transfer agent, and receipt of an order in proper form by such designee shall constitute receipt by the Trust subject to the terms and conditions specified in this Section. Purchases for the Programs shall be made and redemptions for the Programs shall ordinarily be made at the net asset value determined as of the Close of Trading on the Business Day that an order to purchase or redeem shares is received by Servicer, provided that (a) Servicer receives orders from participants and other authorized persons under the Programs at a time prior to the Close of Trading on that Business Day; (b) orders transmitted to the Trust are received by the Trust and its transfer agent by 9:00 a.m. Eastern Time on the next following Business Day; and (c) the Trust may, to the extent it deems necessary, delay redemption of the Shares of a Fund to the extent permitted under the 1940 Act. Orders from participants and other authorized persons under the Programs received by Servicer after the Close of Trading on a Business Day shall be treated as if received on the next following Business Day.
Orders and Settlement. Trade orders submitted by Authorized Xxxx shall be accepted or rejected by the Trust (or its agent) in the manner disclosed in the Prospectus, or as otherwise agreed to by the parties. Without limitation of the foregoing, the parties agree that Authorized Firm's handling of orders and the settlement of the same are subject to the terms and conditions of the Participation Agreement dated March 9, 2009 by and among the Trust, Authorized Firm and others.
Orders and Settlement. The parties agree that orders to purchase and redeem Shares by the Plans shall be effected on each Business Day as provided in this Section 4. Servicer shall transmit to the Trust or its designee(s) orders to purchase or redeem Shares of the Funds for accounts that have been or are to be opened with the Trust for the Plans. Solely for purposes of processing purchase and redemption orders from the Plans as described in this Section 4, the Administrator and Servicer agree that Servicer shall be the designee of the Trust's transfer agent, and receipt of an order in proper form by such designee shall constitute receipt by the Trust subject to the terms and conditions specified in this Section. Purchases for the Plans shall be made and redemptions for the Plans shall ordinarily be made at the net asset value determined as of the Close of Trading on the Business Day that an order to purchase or redeem Shares is received by Servicer, provided that (a) Servicer receives orders from participants and other authorized persons under the Plans at a time prior to the Close of Trading on that Business Day, and (b) orders transmitted to the Trust are received by the Trust and its transfer agent by 9:00 a.m. Eastern Time on the next following Business Day, and provided further that the Trust may, to the extent it deems necessary, delay redemption of the Shares of a Fund to the extent permitted under the 1940 Act. Orders from participants and other authorized persons under the Plans received by Servicer after the Close of Trading on a Business Day shall be treated as if received on the next following Business Day. The parties agree that payment for net purchases of Shares attributable to all orders placed with the Trust or the Trust's transfer agent for the Plans as of the Close of Trading on a given Business Day will be wired by Servicer or its designee to the Trust's custodial account designated by the Administrator no later than 3:00 p.m. Eastern Time on the next Business Day. The Administrator agrees that it shall take all steps necessary so that payment for net redemptions of Shares attributable to all orders for the Plans transmitted by $ervicer or its designee to the Trust or the Trust's designee(s) as of the Close of Trading on a given Business Day ordinarily will be wired separately by the Trust or its designee(s) to a custodial account designated by Servicer or its designee no later than 3:00 p.m. Eastern Time on the next Business Day, provided, however, that the ...
Orders and Settlement. (a) Recordkeeper may designate and authorize one or more agents (“Order Agents”) to receive and process orders to purchase and redeem Shares. Recordkeeper and Company agree that all orders shall be executed at the Share price next computed by the Fund after the time at which Recordkeeper, or an Order Agent, has received the order. For the avoidance of doubt, references to “Recordkeeper” in this Section 4 shall include any Order Agent appointed by Recordkeeper. For some Accounts, Recordkeeper, or its designee, and Company may enter into the necessary NSCC Fund/SERV Agreements (the “NSCC Agreement”), and orders for such Accounts will be processed pursuant to the relevant NSCC Agreement. For Accounts for which orders will be processed other than pursuant to the NSCC Agreement, orders will be processed according to the following terms:
(i) The parties agree that orders to purchase and redeem Shares by the Plans shall be effected on each Business Day as provided in this Section 4. Recordkeeper shall transmit, via facsimile to Company or its designee(s), net orders to purchase or redeem Shares of the Funds for Accounts that have been or are to be opened with the applicable Funds for the Plans reflecting aggregate trade orders by Plan participants. Solely for purposes of processing purchase and redemption orders from the Plans as described in this Section 4, Company and Recordkeeper agree that Recordkeeper shall be considered the designee and limited agent of Company, and receipt of an order from a Plan participant and other authorized persons in proper form by Recordkeeper or an Order Agent shall constitute receipt of such order by Company, subject to the terms and conditions specified in this Section. Aggregate net trades for the Plans reflecting individual participant purchase and redemption orders shall ordinarily be made, in each case, at the net asset value of the relevant Fund determined as of the Close of Trading on the Business Day that such related participant orders to purchase or redeem shares are received by Recordkeeper or an Order Agent from such participants and other authorized persons, provided that (a) Recordkeeper or the Order Agent receives such orders from participants and other authorized persons under the Plans at a time prior to the Close of Trading on that Business Day, and (b) Company in turn receives such orders from Recordkeeper by 10:00 a.m. Eastern Time on the next following Business Day, and provided further that Company may, to th...
