Common use of Payment of Redemption Proceeds Clause in Contracts

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 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. To the extent that Distributors may be deemed to effect any redemption of Fund shares, the Company Fund shall request that the 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 CompanyFund's Transfer Agent or its designee; provided that the Company Fund shall not be liable to Distributors in this connection.

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.