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