Common use of Processing and Procedures Clause in Contracts

Processing and Procedures. A. Issuance, Redemption and Transfer of Shares 1. Sunstone acknowledges that it has received a copy of each Fund's Prospectus (as hereinafter defined), which Prospectus describes how sales and redemptions of shares of each Fund shall be made and Sunstone agrees to accept purchase orders and redemption requests with respect to Fund shares on each Fund Business Day in accordance with such Prospectus. "Fund Business Day" shall be deemed to be each day on which the New York Stock Exchange is open for trading, and "Prospectus" shall mean the last Fund prospectus actually received by Sunstone from the Fund with respect to which the Fund has indicated a registration statement under the 1933 Act has become effective, including the Statement of Additional Information, incorporated by reference therein.

Appears in 3 contracts

Samples: Transfer Agency Agreement (Johnson Funds Inc), Transfer Agency Agreement (Johnsonfamily Funds Inc), Transfer Agency Agreement (Lacrosse Funds Inc)

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Processing and Procedures. A. Issuance, Redemption and Transfer of Shares 1. Sunstone acknowledges that it has received a copy of each the Fund's Prospectus (as hereinafter defined), which Prospectus describes how sales and redemptions of shares of each Fund shall be made and Sunstone agrees to accept purchase orders and redemption requests with respect to Fund shares on each Fund Business Day in accordance with such Prospectus. "Fund Business Day" shall be deemed to be each day on which the New York Stock Exchange is open for trading, and "Prospectus" shall mean the last Fund prospectus actually received by Sunstone from the Fund with respect to which the Fund has indicated a registration statement under the 1933 Act has become effective, including the Statement of Additional Information, incorporated by reference therein.

Appears in 1 contract

Samples: Transfer Agency Agreement (Van Wagoner Funds Inc)

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