Orders in MMFs. a) Any Instruction by the Client to purchase any MMF shall be based on the gross dollar amount of the value of shares to be purchased. b) Any Instruction by the Client for subscriptions, exchanges or redemption orders in any MMF shall be made gross and shall not net any subscription, exchange or redemption orders in any MMF, including any orders originating from underlying customers of the Client, if any.
Appears in 60 contracts
Samples: Custodian Agreement (HL Scope RIC LLC), Custodian Agreement (New Age Alpha Funds Trust), Custodian Agreement (New Age Alpha Variable Funds Trust)
Orders in MMFs. a) a. Any Instruction by the Client to purchase any MMF shall be based on the gross dollar amount of the value of shares to be purchased.
b) b. Any Instruction by the Client for subscriptions, exchanges or redemption orders in any MMF shall be made gross and shall not net any subscription, exchange or redemption orders in any MMF, including any orders originating from underlying customers of the Client, if any.
Appears in 1 contract
Samples: Custodian Agreement (Pgim Etf Trust)
Orders in MMFs. a) Any Instruction by the Client to purchase any MMF shall be based on the gross dollar amount of the value of shares to be purchased.
. b) Any Instruction by the Client for subscriptions, exchanges or redemption orders in any MMF shall be made gross and shall not net any subscription, exchange or redemption orders in any MMF, including any orders originating from underlying customers of the Client, if any.
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