Payment of Redemption Proceeds. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of Shares, pay to the Shareholder, or his authorized agent or legal representative, such moneys as are received from the Custodian, all in accordance with the redemption procedures described in the Prospectus; provided, however, that the Transfer Agent shall pay the proceeds of any redemption of Shares purchased within 15 days of a redemption request to the Transfer Agent upon a determination that good funds have been collected for the purchase of such Shares. The Fund shall indemnify the Transfer Agent for any payment of redemption proceeds or refusal to make such payment if the payment or refusal to pay is in accordance with this Section. The Transfer Agent shall not process or effect any redemptions pursuant to a plan of distribution or redemption or in accordance with any other Shareholder request upon the receipt by the Transfer Agent of notification of the suspension of the determination of the Fund net asset value.
Payment of Redemption Proceeds. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of Shares, pay such moneys as are received from the Custodian, all in accordance with the procedures described in the Written Instruction received by the Transfer Agent from the Funds. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Funds' Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the Funds, the Transfer Agent and the Funds' Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Funds after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the Funds, provided the Transfer Agent has had a reasonable time to act on such notification.
Payment of Redemption Proceeds. The Agent shall, upon receipt of requests for the redemption of shares, instruct the Fund's custodian to pay to the shareholder, or his authorized agent or legal representative, such moneys as are due to the shareholders, all in accordance with the redemption procedures described in the applicable Prospectus; provided, however, that the Agent shall instruct the Fund's custodian to pay the proceeds of any redemption of shares purchased within a period of time agreed upon in writing by the Agent and the Trust, only in accordance with procedures agreed to in writing by the Agent and the Trust, for determining that good funds have been collected for the purchase of such shares. The Trust shall indemnify the Agent in respect of any instructions given by the Agent for any payment of redemption proceeds or refusal to make such payment, if the payment or refusal to pay is in accordance with said written procedures. The Agent shall not effect any redemptions of shares of a Fund pursuant to a plan of distribution or redemption, or in accordance with any other shareholder request upon the receipt by the Agent of notification of the suspension of the determination of that Fund's net asset value.
Payment of Redemption Proceeds. The Mandatory will credit redemption proceeds into the Principal's deposit account as instructed by the Principal. Payment of redemption proceeds is subject to the policies of the respective fund issuer or counterparty. Timing of redemption payments:
Payment of Redemption Proceeds. The Agent shall, upon receipt of the moneys paid to it by the Funds' custodian for the redemption of shares, pay to the shareholder, or his authorized agent or legal representative, such moneys as are received from the custodian, all in accordance with the redemption procedures described in the applicable Prospectus; provided, however, that the Agent shall pay the proceeds of any redemption of shares purchased within a period of time agreed upon in writing by the Agent and the Trust, only in accordance with procedures agreed to in writing by the Agent and the Trust, for determining that good funds have been collected for the purchase of such shares. The Trust shall indemnify the Agent for any payment of redemption proceeds or refusal to make such payment, if the payment or refusal to pay is in accordance with said written procedures. The Agent shall not process or effect any redemptions of shares of a Fund pursuant to a plan of distribution or redemption, or in accordance with any other shareholder request upon the receipt by the Agent of notification of the suspension of the determination of that Fund's net asset value.
Payment of Redemption Proceeds. IMSC shall, upon receipt of the monies paid to it by the Custodian for the redemption of Shares, pay to the Shareholder, or his authorized agent or legal representative, such monies are received from the Custodian, all in accordance with the redemption procedures described in the Fund's Prospectus. The Fund shall indemnify IMSC for any payment of redemption proceeds or refusal to make such payment if the payment or refusal to pay is in accordance with said written procedures. IMSC shall not process or effect any redemption pursuant to a plan of distribution or redemption or in accordance with any other Shareholder request upon the receipt by IMSC of notification of the suspension of the determination of the Fund's net asset value.
Payment of Redemption Proceeds. The Transfer Agent shall, upon ------------------------------- receipt of the moneys paid to it by the Custodian for the redemption of Shares, pay to the shareholder, or his authorized agent or legal representative, such moneys as are received from the Custodian, all in accordance with the redemption procedures described in the Trust's Prospectus; provided, however, that the Transfer Agent shall pay the proceeds of any redemption of Shares purchased within a period of time agreed upon in writing by the Transfer Agent and the Trust only in accordance with procedures agreed to in writing by the Transfer Agent and the Trust for determining that good funds have been collected for the purchase of such Shares, such written procedures attached to this Schedule as Exhibit 2. The Trust shall indemnify the Transfer Agent for any payment of redemption proceeds or refusal to make such payment if the payment or refusal to pay is in accordance with said written procedures. The Transfer Agent shall not process or effect any redemptions pursuant to a plan of distribution or redemption or in accordance with any other shareholder request upon the receipt by the Transfer Agent of notification of the suspension of the determination of the Trust's net asset value.
Payment of Redemption Proceeds. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of Shares, pay such moneys as are received form the Custodian, all in accordance with the procedures described in the Written Instruction received by the Transfer Agent form the Company. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Company's Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the Company, the Transfer Agent and the Company's Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Company after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the Company, provided the Transfer Agent has had a reasonable time to act on such notification.
Payment of Redemption Proceeds. To the extent that Distributors may be deemed to effect any redemption of Fund shares, the Company shall request that the Company's Transfer Agent or its designee provide for payment of redemption proceeds no later than the third business day after receipt of any redemption request by Distributors, pursuant to paragraph 3.1, above, or by the Company's Transfer Agent or its designee; provided that the Company shall not be liable to Distributors in this connection.
Payment of Redemption Proceeds. The Sub-Administrator shall, upon receipt of the monies paid to it by the Custodian for the redemption of Shares or prior to such receipt, pay such monies as are received or shall be received from the Custodian, all in accordance with the procedures described in the written instruction. The Sub-Administrator shall not process or effect any redemption with respect to Shares of a certain Fund after receipt by the Sub-Administrator of notification of the suspension of the determination of the net asset value of such Fund.
