Common use of Processing Redemption Requests Clause in Contracts

Processing Redemption Requests. You shall not purchase any Share of any of the Funds from a record holder at a price lower than the net asset value next determined by or for the Funds’ Shares.

Appears in 27 contracts

Sources: Principal Underwriting Agreement (Bond Fund of America), Principal Underwriting Agreement (American Mutual Fund), Principal Underwriting Agreement (American Funds Global Balanced Fund)