Payments for Repurchases or Redemptions of Shares of a Fund. From such funds as may be available for the purpose but subject to the limitations of the Articles of Incorporation or Bylaws and any applicable votes of the Board of Directors of the Company, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of Shares 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 of a Fund, the Custodian is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.
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Samples: Custodian Contract (Weitz Series Fund Inc), Custodian Contract (Weitz Partners Inc)
Payments for Repurchases or Redemptions of Shares of a Fund. From such funds as may be available for the purpose but subject to the limitations of the Articles of Incorporation or Bylaws and any applicable votes of the Board of Directors of the Company, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of Shares 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 of a Fund, the Custodian is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.the
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Payments for Repurchases or Redemptions of Shares of a Fund. From such funds as may be available for the purpose but subject to the limitations of the Articles of Incorporation Trust Instrument or Bylaws and any applicable votes of the Board of Directors Trustees of the Company, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of Shares 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 of a Fund, the Custodian is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.
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