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

PAYMENTS FOR SALES OR REPURCHASES OR REDEMPTIONS OF SHARES. State Street shall receive from the distributor for the Shares or from the Transfer Agent and deposit into the respective Portfolio’s account such payments as are received for Shares thereof issued or sold from time to time by the Portfolios. State Street will provide timely notification to the Trust and the Transfer Agent of any receipt by it of payments for Shares of the Portfolios. From such funds as may be available for the purpose, State Street 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, State Street is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.

PAYMENTS FOR SALES OR REPURCHASES OR REDEMPTIONS OF SHARES. State Street shall receive from the distributor for the Shares or from the Transfer Agent and deposit into the respective PortfolioFund’s account such payments as are received for Shares thereof issued or sold from time to time by the PortfoliosFund. State Street will provide timely notification to the Trust Fund and the Transfer Agent of any receipt by it of payments for Shares of the PortfoliosFund. From such funds as may be available for the purpose, State Street 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, State Street is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.