Common use of PROCESSING AND TIMING OF TRANSACTIONS Clause in Contracts

PROCESSING AND TIMING OF TRANSACTIONS. a. The Company hereby appoints Service Provider as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicable. On each day the New York Stock Exchange (the Exchange") is open for business (each, a "Business Day"), Service Provider may receive instructions from the Plans and/or Participants for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by Service Provider prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day and transmitted by Service Provider to Integrated by (i) 4:00 a.m. Eastern time via NSCC Defined Contribution Clearance and Settlement System ("DCC&S") or (ii) 8:00 a.m. Eastern time via facsimile the next Business Day will be executed by the Fund at the net asset value determined as of the Close of Trading on the Business Day the order was received by Service Provider. Any Order shall constitute a representation by Service Provider that all transactions included or reflected in the NSCC transmission or facsimile were received by Service Provider by the Close of Trading on that business day. Instructions from a client received in proper form by Service Provider after the Close of Trading on a business day shall be treated as if received on the following business day. Any Orders received by Service Provider on such day but after the Close of Trading, and all Orders that are transmitted to Integrated after 8:00 a.m. Eastern on the next Business Day, will be executed by the Fund at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day on which an Order is executed by the Fund pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date."

PROCESSING AND TIMING OF TRANSACTIONS. a. The Company (a) Quasar hereby appoints Service Provider the Recordkeeper as its agent for the limited purpose of accepting purchase purchase, redemption and redemption exchange orders for Fund shares from the Plans and/or and Participants, as applicablefor the purchase, redemption and exchange of shares of Funds on behalf of each Plan. On each day the New York Stock Exchange (the "Exchange") is open for business (each, each a "Business Day"), Service Provider the Recordkeeper may receive instructions from the Plans and/or including Participants therein for the purchase purchase, redemption or redemption exchange of shares of the Funds ("Orders"). Orders received and accepted by Service Provider the Recordkeeper prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day and (a) transmitted electronically through the Trust Fund/SERV system of the NSCC to Quasar or USBFS by Service Provider to Integrated by (i) 4:00 6:00 a.m. Eastern time via NSCC Defined Contribution Clearance and Settlement System ("DCC&S") the next Business Day or (iib) 8:00 otherwise transmitted by 11:00 a.m. Eastern time via facsimile the next Business Day will be executed by the Fund Funds at the net asset value determined as of the Close of Trading on the Business Day the order was received by Service Provider. Any Order shall constitute a representation by Service Provider that all transactions included or reflected in the NSCC transmission or facsimile were received by Service Provider by the Close of Trading on that business day. Instructions from a client received in proper form by Service Provider after the Close of Trading on a business day shall be treated as if received on the following business dayRecordkeeper. Any Orders received by Service Provider the Recordkeeper on such day but any Business Day after the Close of Trading, and all Orders that are transmitted to Integrated the Funds or distributor of the Funds after 8:00 11:00 a.m. Eastern time on the next Business Day, Day after the Business Day on which the orders were received by Recordkeeper will be executed by the Fund Funds at the net asset value determined as of the next Close of Trading on the next Business Day following the day of receipt of such OrderOrder by the Funds or distributor of the Funds. The day on as of which an Order is executed by the Fund Funds pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date"."

PROCESSING AND TIMING OF TRANSACTIONS. a. The Company hereby appoints Service Provider as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participantstheir clients, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), Service Provider may receive instructions from the Plans and/or Participants their clients for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by Service Provider prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day and transmitted by Service Provider to Integrated Transfer Agent by (i) 4:00 5:00 a.m. Eastern time via NSCC Defined Contribution Clearance and Settlement System ("DCC&SUDCC&S") or (ii) 8:00 8:30 a.m. Eastern time via facsimile the next Business Day will be executed by the Fund at the net asset value determined as of the Close of Trading on the Business Day the order was received by Service Provider. Any Order shall constitute a representation by Service Provider that all transactions included or reflected in the NSCC transmission or facsimile were received by Service Provider by the Close of Trading on that business day. Instructions from a client received in proper form by Service Provider after the Close of Trading on a business day shall be treated as if received on the following business day. Any Orders received by Service Provider on such day but after the Close of Trading, and all Orders that are transmitted to Integrated Transfer Agent after 8:00 8:30 a.m. Eastern on the next Business Day, will be executed by the Fund at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day on which an Order is executed by the Fund pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date."