Common use of PURCHASE AND REDEMPTION OF SHARES Clause in Contracts

PURCHASE AND REDEMPTION OF SHARES. Dealer will transmit to MFD, or its designated agent, promptly upon receipt, any orders it receives from customers to purchase or redeem Shares. Dealer agrees to promptly issue confirmation statements for all accepted purchase and redemption orders for accounts registered in Dealer’s name. Dealer shall make all sales subject to MFD’s or its designated agent’s confirmation. All orders are subject to acceptance or rejection by MFD or its designated agent, in its sole discretion, and by the Funds in their sole discretion. Dealer agrees to follow the procedures and instructions MFD or its designated agent may forward from time to time relating to the pricing and handling of orders. In particular, Dealer agrees that: (a) In submitting orders to MFD or its designated agent to purchase or redeem Shares, Dealer acts as agent for its customers and acts as agent for MFD and the Funds solely for the limited purpose of receiving orders from its customers. (b) All orders it submits to MFD or its designated agent to purchase or redeem Shares shall reflect orders received from its customers or are orders for its own account for its own bona fide investment. (c) It shall time and date stamp all orders it receives from its customers to purchase or redeem Shares. (d) As agent for its customers, Dealer shall not delay placing customers’ orders to purchase or redeem Shares in order to profit from such delays. (e) It is responsible for the accuracy, timeliness and completeness of any orders it transmits to purchase or redeem Shares, whether by wire, telephone, electronic mail, or facsimile. In this regard, Dealer agrees to guarantee the signature of its customers when such a guarantee is required by the Funds or MFD. (f) If Dealer tenders any Shares for redemption within seven days of their having been sold, Dealer shall promptly refund any Dealer Commissions it received on the sale of such Shares and shall not charge a deferred sales charge in connection with such redemptions. (g) It has in place policies and procedures reasonably designed to detect and deter purchase or redemption orders by its customers in violation of Rule 22c-1 under the 1940 Act.

PURCHASE AND REDEMPTION OF SHARES. Dealer will transmit to MFDCUNA Brokerage, or its designated agent, promptly upon receipt, any orders it receives from customers to purchase or redeem Shares. Dealer agrees to promptly issue confirmation statements for all accepted purchase and redemption orders for accounts registered in Dealer’s 's name. Dealer shall make all sales subject to MFD’s CUNA Brokerage's or its designated agent’s 's confirmation. All orders are subject to acceptance or rejection by MFD CUNA Brokerage or its designated agent, in its sole discretion, and by the Funds in their sole discretion. Dealer agrees to follow the procedures and instructions MFD CUNA Brokerage or its designated agent may forward from time to time relating to the pricing and handling of orders. In particular, Dealer agrees that: (a) In submitting orders to MFD or its designated agent CUNA Brokerage to purchase or redeem Shares, Dealer acts as agent for its customers and acts as agent for MFD CUNA Brokerage and the Funds solely for the limited purpose of receiving orders from its customers. (b) All orders it submits to MFD or its designated agent CUNA Brokerage to purchase or redeem Shares shall reflect orders received from its customers or are orders for its own account for its own bona fide investment. (c) It shall time and date stamp all orders it receives from its customers to purchase or redeem Shares. (d) As agent for its customers, Dealer shall not delay placing customers’ ' orders to purchase or redeem Shares in order to profit from such delays. (e) It is responsible for the accuracy, timeliness and completeness of any orders it transmits to purchase or redeem Shares, whether by wire, telephone, electronic mail, or facsimile. In this regard, Dealer agrees to guarantee the signature of its customers when such a guarantee is required by the Funds or MFDCUNA Brokerage. (f) If Dealer tenders any Shares for redemption within seven days of their having been sold, Dealer shall promptly refund to CUNA Brokerage any Dealer Commissions it received on the sale of such Shares and shall not charge a deferred sales charge in connection with such redemptions. (g) It has in place policies and procedures reasonably designed to detect and deter purchase or redemption orders by its customers in violation of Rule 22c-1 under the 1940 Act.

PURCHASE AND REDEMPTION OF SHARES. Dealer will transmit to MFD, or its designated agent, promptly upon receipt, any orders it receives from customers to purchase or redeem Shares. Dealer Xxxxxx agrees to promptly issue confirmation statements for all accepted purchase and redemption orders for accounts registered in Dealer’s name. Dealer shall make all sales subject to MFD’s or its designated agent’s confirmation. All orders are subject to acceptance or rejection by MFD or its designated agent, in its sole discretion, and by the Funds in their sole discretion. Dealer agrees to follow the procedures and instructions MFD or its designated agent may forward from time to time relating to the pricing and handling of orders. In particular, Dealer Xxxxxx agrees that: (a) In submitting orders to MFD or its designated agent to purchase or redeem Shares, Dealer acts as agent for its customers and acts as agent for MFD and the Funds solely for the limited purpose of receiving orders from its customers. (b) All orders it submits to MFD or its designated agent to purchase or redeem Shares shall reflect orders received from its customers or are orders for its own account for its own bona fide investment. (c) It shall time and date stamp all orders it receives from its customers to purchase or redeem Shares. (d) As agent for its customers, Dealer shall not delay placing customers’ orders to purchase or redeem Shares in order to profit from such delays. (e) It is responsible for the accuracy, timeliness and completeness of any orders it transmits to purchase or redeem Shares, whether by wire, telephone, electronic mail, or facsimile. In this regard, Dealer agrees to guarantee the signature of its customers when such a guarantee is required by the Funds or MFD. (f) If Dealer tenders any Shares for redemption within seven days of their having been sold, Dealer shall promptly refund any Dealer Commissions it received on the sale of such Shares and shall not charge a deferred sales charge in connection with such redemptions. (g) It has in place policies and procedures reasonably designed to detect and deter purchase or redemption orders by its customers in violation of Rule 22c-1 under the 1940 Act.