Common use of Payment of Redemption Proceeds Clause in Contracts

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 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 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 form the Custodian, all in accordance with the procedures described in the Written Instruction received by the Transfer Agent from the FundsFund. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Funds' Fund's Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the FundsFund, the Transfer Agent and the Funds' Fund's Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Funds Fund after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the FundsFund, provided the Transfer Agent has had a reasonable time to act on such notification.

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 form the Custodian, all in accordance with the procedures described in the Written Instruction received by the Transfer Agent from the FundsFund. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Funds' Fund's Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the FundsFund, the Transfer Agent and the Funds' Fund's Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Funds Fund after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the FundsFund, provided the Transfer Agent has had a reasonable time to act on such notification.

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, Custodian all in accordance with the procedures described in the Written Instruction received by the Transfer Agent from the FundsFund. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Funds' Fund's Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the FundsFund, the Transfer Agent and the Funds' Fund's Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Funds Fund after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the FundsFund, provided the Transfer Agent has had a reasonable time to act on such notification.

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 form the Custodian, all in accordance with the procedures described in the Written Instruction received by the Transfer Agent from form the FundsTrust. It is understood that the Transfer Agent may arrange for the direct payment of redemption proceeds to Shareholders by the Funds' Trust's Custodian in accordance with such procedures and controls as are mutually agreed upon from time to time by the FundsTrust, the Transfer Agent and the Funds' Trust's Custodian. The Transfer Agent shall not process or effect any redemption with respect to Shares of the Funds Trust after receipt by the Transfer Agent of notification of the suspension of the determination of the net asset value of the FundsTrust, provided the Transfer Agent has had a reasonable time to act on such notification.