Common use of PAYMENTS FOR REPURCHASES OR REDEMPTIONS AND SALES OF SHARES Clause in Contracts

PAYMENTS FOR REPURCHASES OR REDEMPTIONS AND SALES OF SHARES. From such funds as may be available for the purpose, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of Shares which have delivered to the Transfer Agent a request for redemption or repurchase of their Shares. In connection with the redemption or repurchase of Shares, the Custodian is authorized upon receipt of, and in accordance with, instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders. In connection with the redemption or repurchase of Shares, the Custodian shall honor checks drawn on the Custodian by a holder of Shares, which checks have been furnished by the Fund to the holder of Shares, when presented to the Custodian in accordance with such written procedures and controls as may be mutually agreed upon from time to time between the Fund and the Custodian. The Custodian shall receive from the distributor for the Shares or from the Transfer Agent and deposit to the account of the Fund such payments as are received by the distributor or the Transfer Agent, as the case may be, for Shares issued or sold from time to time. The Custodian will notify the Fund and the Transfer Agent of any payments for Shares received by it from time to time.

PAYMENTS FOR REPURCHASES OR REDEMPTIONS AND SALES OF SHARES. From such funds as may be available for the purposepurpose but subject to the limitations of the Governing Documents of the Trust and any applicable votes of the Board of Trustees pursuant thereto, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of Shares which who have delivered to the Transfer Agent a request for redemption or repurchase of their Shares. In connection with the redemption or repurchase of Shares, the Custodian is authorized upon receipt of, and in accordance with, of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholdersshareholder. In connection with the redemption or repurchase of Shares, the Custodian shall honor checks drawn on the Custodian by a holder of Shares, which checks have been furnished by the Fund Trust to the holder of Shares, when presented to the Custodian in accordance with such written procedures and controls as may be are mutually agreed upon from time to time between the Fund Trust and the Custodian. The Custodian shall receive from the distributor for the Shares or from the Transfer Agent Agent, and deposit to as received into the account of the Fund appropriate Fund's account, such payments as are received by the distributor or the Transfer Agent, as the case may be, for Shares issued or sold from time to time. The Custodian will notify provide timely notification to the Fund Trust and the Transfer Agent of any receipt by it of payments for Shares received by it from time to timeShares.