Purchases and Redemptions. 1. Conversion of monies to Federal funds
2. Prepare and transmit by mail to each shareholder, confirmations as may be required by law of all purchases and redemptions of Fund Shares effected through OSI
3. Assist the Trust’s transfer agent to prepare and transmit by mail to each shareholder periodic statements reflecting all purchases, dividends and redemption of Fund Shares
4. Receive, ascertain the adequacy of, and transmit to the Trust’s transfer agent all purchase orders or redemption requests received by OSI in accordance with the requirements set forth in the current prospectus of the Fund
5. Requisition from the Trust’s custodian and remit the proceeds of redemption as directed by the individual shareholder in accordance with the current prospectus of the Fund
Purchases and Redemptions. All orders for the purchase of any fund shares shall be executed at the then current net asset value per share and all orders for the redemption of any fund shares shall be executed at the then current net asset value per share, in each case as described in the Prospectus of the Fund. The minimum initial purchase order and minimum subsequent purchase order by any person shall be as set forth in the Prospectus of the Fund. All orders are subject to acceptance or rejection by the Trust at its sole discretion. Unless otherwise mutually agreed to in writing, each transaction shall be promptly confirmed in writing to the customer on a fully disclosed basis and a copy of each confirmation shall be sent simultaneously to Broker-Dealer. Broker-Dealer agrees that upon receipt of duplicate confirmations Broker-Dealer will examine the same and promptly notify the Trust of any errors or discrepancies that Broker-Dealer discovers. Broker-Dealer shall promptly bring to the attention of the Trust any errors in such confirmations claimed by Broker-Dealer's customers. The Trust reserves the right, at its discretion and without notice, to suspend the sale of shares or withdraw entirely the sale of shares of the Fund.
Purchases and Redemptions. Timely Pricing and Orders. The Fund or its designated agent will use all commercially reasonable efforts to provide to USAA Life the closing net asset value and any dividend and capital gain information for the Portfolio by 5:15 p.m., Central time on each Business Day. "Business Day" shall mean any day on which the Fund calculates the net asset value of its Funds pursuant to rules of the Securities and Exchange Commission and as described in the Fund's Prospectus. USAA Life will use these data to calculate unit values, which in turn will be used to process transactions that receive that same Business Day's Separate Account or Life Insurance Separate Account unit value. Such Separate Account or Life Insurance Separate Account processing will be done the same evening, and corresponding orders with respect to Fund shares will be placed the morning of the following Business Day. USAA Life will use all commercially reasonable efforts to place such orders with the Fund by 9 a.m.,
Purchases and Redemptions. 1. Conversion of monies to Federal funds Annual Fee
2. Prepare and transmit by mail to each shareholder, confirmations as may be required by law of all purchases and redemptions of Fund Shares effected through OSI Annual Fee plus Cost**
3. Assist the Trust’s transfer agent to prepare and transmit by mail to each shareholder periodic statements reflecting all purchases, dividends and redemption of Fund Shares Annual Fee plus Cost
4. Receive, ascertain the adequacy of, and transmit to the Trust’s transfer agent all purchase orders or redemption requests received by OSI in accordance with the requirements set forth in the current prospectus of the Fund Annual Fee
5. Requisition from the Trust’s custodian and remit the proceeds of redemption as directed by the individual shareholder in accordance with the current prospectus of the Fund Annual Fee
Purchases and Redemptions. If at any time the Issuer shall propose to purchase or redeem any shares of its Common Stock for cash, evidence of indebtedness or other property of any nature whatsoever, the Issuer shall deliver to each Holder of Warrants or shares of Warrant Stock a notice of such proposed purchase or redemption, and each such Holder shall, at its option, have the right to require the Issuer to at the same time purchase or redeem Warrants and shares of Warrant Stock owned by such holder, pro-rata based on the number of shares of such other Common Stock to be so purchased or redeemed, on the same terms and conditions as the proposed purchase or redemption of such other Common Stock and for the same consideration per Warrant or share of Warrant Stock, as the case may be, as is paid to the Holders of such other Common Stock for each share of Common Stock so redeemed or purchased, minus, in the case of Warrants, the exercise price of the Warrants to be so purchased or redeemed.
Purchases and Redemptions. The Acquiring Fund acknowledges and agrees that it is not an Authorized Participant, as defined in Rule 6c-11 under the 1940 Act, and has no ability to directly redeem shares from the Acquired Fund. Nonetheless, the Acquiring Fund will use reasonable efforts to provide two business days’ notice of anticipated purchases and sales of Acquired Fund(s) shares that exceed 4% of the Acquired Fund’s then outstanding shares (which is approximately $44 million as of the date of this agreement) if practicable and consistent with the Acquiring Fund’s best interests. The Acquired Fund acknowledges and agrees that any notification provided pursuant to the foregoing is not a commitment to purchase or sell shares and constitutes an estimate that may differ materially from the amount, timing and manner in which a purchase or sale is made, if any. In addition, the Acquiring Fund will use reasonable efforts to avoid purchases or sales of the Acquired Fund’s shares in an amount that exceeds 4% of the Acquired Fund’s then outstanding shares (which is approximately $44 million as of the date of this agreement) on days on which the London Metals Exchange is closed.
Purchases and Redemptions. Section 7.1 Purchases 11 Section 7.2 Redemption by Holder 11 Section 7.3 Redemption by Trust 12 Section 7.4 Net Asset Value 12
Purchases and Redemptions. 17 SECTION 5.02. Subdivisions and Combinations........................17 SECTION 5.03. Issuance of Common Stock.............................17 SECTION 5.04. Issuance of Other Securities, Rights or Obligations..18 SECTION 5.05.
Purchases and Redemptions. If at any time or from time to time after the first Issue Date, the Company or any of its Affiliates shall propose to purchase or redeem all or any portion of any class of its Common Stock from all holders of such Common Stock on a pro rata basis for cash, evidence of indebtedness or other property of any nature whatsoever, the Company shall deliver to each Holder of Warrants a notice of such proposed purchase or redemption, and each such Holder shall, at its option, have the right to require the Company to at the same time purchase or redeem Warrants owned by such Holder, pro-rata based on the number of shares of such other Common Stock to be so purchased or redeemed, on the same terms and conditions as the proposed purchase or redemption of such other Common Stock and for the same consideration per Warrant as is paid to the holders of such other Common Stock for each share of such other Common Stock so redeemed or purchased, minus the Exercise Price per Warrant then in effect.
Purchases and Redemptions. All purchases and redemptions of Fund shares contemplated by this Agreement shall be effected in accordance with the Fund's then-current prospectus.
