Redemption of Company Shares. On receipt of instructions to redeem shares in accordance with the terms of the Company's prospectus, the Transfer Agent will record the redemption of shares of the Company, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.
Appears in 9 contracts
Samples: Transfer Agency Agreement (Express Direct Growth & Income Fund Inc), Transfer Agency Agreement (Express Direct Income Fund Inc), Transfer Agency Agreement (Express Direct World Fund Inc)
