Common use of Pacific time on the Closing Date Clause in Contracts

Pacific time on the Closing Date. The Trust shall have provided for delivery, as of the Closing, of those Net Assets of Municipal Fund to be transferred to Federal Fund's Custodian, Bank of New York, Mutual Funds Division, 00 Xxxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Also, the Trust shall deliver at the Closing a list of names and addresses of the shareholders of record of Municipal Fund's shares and the number of shares of beneficial interest owned by each such shareholder, indicating thereon which such shares are represented by outstanding certificates and which by book-entry accounts, all as of 1:00 p.m. Pacific time on the Closing Date, certified by its transfer agent or by its President to the best of its or his knowledge and belief. Federal Fund shall issue and deliver a certificate or certificates evidencing the shares of common stock of Federal Fund to be delivered to said transfer agent registered in such manner as the Trust may request, or provide evidence satisfactory to the Trust that such Federal Fund Shares have been registered in an account on the books of Federal Fund in such manner as the Trust may request.

Pacific time on the Closing Date. The Trust shall have provided for delivery, as of the Closing, of those Net Assets of Municipal Indiana Fund to be transferred to Federal Fund's Custodian, Bank of New York, Mutual Funds Division, 00 Xxxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx XX 00000. Also, the Trust shall deliver at the Closing a list of names and addresses of the shareholders of record of Municipal Indiana Fund's shares and the number of shares of beneficial interest owned by each such shareholder, indicating thereon which such shares are represented by outstanding certificates and which by book-entry accounts, all as of 1:00 p.m. Pacific time on the Closing Date, certified by its transfer agent or by its President to the best of its or his knowledge and belief. Federal Fund shall issue and deliver a certificate or certificates evidencing the shares of common stock of Federal Fund to be delivered to said transfer agent registered in such manner as the Trust may request, or provide evidence satisfactory to the Trust that such Federal Fund Shares have been registered in an account on the books of Federal Fund in such manner as the Trust may request.