Redemption of Fund Shares Sample Clauses

Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, 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.
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Redemption of Fund Shares. 5.1 Transfer of Funds. From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Trust may designate with respect to such amount in such Proper Instructions.
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Redemption of Fund Shares. On receipt of investment payments or redemption instructions from Insurance Companies, the Transfer Agent will process the payment or redemption, confirm all transactions, and prepare and maintain all reports and records to assure the safekeeping of the Fund's assets. All shares shall be held in book entry form, and no certificate shall be issued except as has been previously issued.
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Redemption of Fund Shares. Redemptions of Class A Shares and No-Load Shares on behalf of the Advisor's Clients shall be at a price not less than the net asset value which is next computed following receipt of the request for such purchase and quoted by us, as principal underwriter for each Fund. With respect to Class B and Class C Shares, the Advisor agrees to pay such Clients the applicable net asset value per share, less any CDSC that is applicable in accordance with the then current applicable prospectus (and such CDSC shall be remitted to us). Nothing herein contained shall prevent the Advisor from selling any shares for the account of the record holder, to DD, LLC or to the Fund at such net asset value (less the appropriate CDSC, if any) in accordance with these procedures and charging the Client a fair commission for handling the transaction, as the Client's agent. If any shares sold to the Clients of the Advisor under the terms of this agreement are repurchased by the Fund, or are tendered for redemption, within seven business days after the date of our confirmation of the original purchase by the Clients of the Advisor, it is agreed that the Advisor shall forfeit the right to any commission on such sales even though the shareholder may be charged a CDSC by the Fund. DD, LLC will notify the Advisor of any such repurchase or redemption within the next ten business days after the date on which the certificate or written request for redemption is delivered to DD, LLC or to the Fund and the Advisor shall forthwith refund to DD, LLC the full amount of any concession or commission the Advisor received on such sale. DD, LLC agrees, in the event of any such repurchase or redemption, to refund to the Fund any commission retained on such sale and upon receipt from the Advisor of the commissions paid to the Advisor to pay such commissions forthwith to the Fund.
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Redemption of Fund Shares. Transfer of Funds. From such funds as may be available for the purpose in the relevant Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of a Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Fund may designate with respect to such amount in such Proper Instructions. Upon effecting payment or distribution in accordance with proper Instruction, the Custodian shall not be under any obligation or have any responsibility thereafter with respect to any such paying bank.
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Redemption of Fund Shares. A detailed description of the Acquiring Fund’s policy with respect to redemptions is available in Appendix C to this Joint Proxy Statement/Prospectus.
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Redemption of Fund Shares. From such funds and securities held by a Series as may be available for the purpose but subject to the limitations of the Articles of Incorporation and any applicable votes of the Board of Directors of the Fund pursuant thereto, the Custodian shall, upon receipt of instructions from the Transfer Agent, make available for payment to Authorized Participants of Shares who have delivered to the Transfer Agent a request for redemption of their Shares which shall have been accepted by the Transfer Agent, the applicable Fund Basket (or such securities in lieu thereof as may be designated by the Adviser in accordance with the Prospectus) for such Series and the applicable cash redemption payment less any applicable cash redemption transaction fee. The Custodian will transfer the securities proceeds, in the case of the US Index Series, to or on the order of the Authorized Participant through the DTC system (as defined in the Prospectus) or, at the election of the Authorized Participant, through the CNS System of NSCC and, in the case of each other Series, will instruct the applicable Foreign Sub-custodian to transfer the Fund Basket of securities to the account of the Authorized Participant or beneficial owner in the applicable foreign jurisdiction, all as specified in such instructions. Transfers of the securities and cash redemption proceeds to or on the order of the Authorized Participant in respect of each redemption request accepted by the Fund shall be made (a) if the Authorized Participant is a broker or dealer, within the number of business days after the date of redemption specified by Rule 15c6-1 under the Exchange Act, except as may otherwise be agreed in the Authorized Participant Agreement among the Fund, the Fund's distributor, State Street, as Transfer Agent and such Authorized Participant and except for those dates of redemption and Series identified in Annex VII to such Authorized Participant Agreement, and (b) in any event within the number of calendar days permitted by Section 22(e) of the 1940 Act and the rules thereunder or as otherwise permitted under an effective order of the Securities and Exchange Commission. The cash redemption payment (less any applicable cash redemption transaction fee) due to the Authorized Participant on redemption shall be effected through DTC cash transfer facilities.
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Redemption of Fund Shares. Fund shares may be purchased and redeemed by separate accounts (“Accounts”) that fund variable annuity contracts and variable life insurance policies, including individual and group annuity and group funding agreement contracts and corporate-owned life insurance and other group life insurance policies (collectively, “variable contracts”) issued by insurance companies, including affiliated insurance companies (collectively, the “Insurance Companies”). Fund shares may also be purchased and redeemed by certain qualified pension or retirement plans (the “Qualified Plans”) and other investors as permitted by the diversification and other requirements of section 817(h) of the Internal Revenue Code of 1986, as amended and the underlying U.S. Treasury Regulations. Class IC shares are currently only sold to variable annuity and variable life insurance separate accounts of the Insurance Companies. Each Fund has authorized the following classes of shares: Hartford Global Growth HLS Fund ✓ ✓ Hartford Growth Opportunities HLS Fund ✓ ✓ ✓ Hartford Disciplined Equity HLS Fund ✓ ✓ ✓** Hartford MidCap Growth HLS Fund ✓ ✓ Hartford MidCap Value HLS Fund ✓ ✓ Hartford MidCap HLS Fund ✓ ✓ Hartford Dividend and Growth HLS Fund ✓ ✓ Hartford Value HLS Fund ✓ ✓ Hartford High Yield HLS Fund ✓ ✓ Hartford Total Return Bond HLS Fund ✓ ✓ Hartford Ultrashort Bond HLS Fund ✓ ✓ Hartford U.S. Government Securities HLS Fund ✓ ✓ * Class IA and Class IB shares of each Fund are closed to new qualified pension and retirement plans, except in connection with a closing of a reorganization and as indicated below. No purchases are allowed by qualified pension and retirement plans, other than as follows: (i) purchases by qualified pension or retirement plans that held shares of the Fund as of December 31, 2017; (ii) purchases through reinvestment of dividends; (iii) purchases by certain qualified pension or retirement plans that have been pre-approved by Hartford Funds Distributors, LLC (the “Distributor”) to purchase shares of the Fund; and (iv) purchases, including through reinvestment of dividends, by qualified pension or retirement plans that received shares of the Fund as part of a reorganization. Class IC shares are currently only sold to variable annuity and variable life insurance separate accounts of the Insurance Companies. ** Class IC shares of the Hartford Disciplined Equity HLS Fund will commence operations upon the closing of the Reorganization of Hartford Growth Opportunities HLS Fund i...
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Redemption of Fund Shares 
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Related to Redemption of Fund Shares

  • Notice of Optional Redemption; Selection of Notes (a) In case the Company exercises its Optional Redemption right to redeem all or, as the case may be, any part of the Notes pursuant to Section 16.01, it shall fix a date for redemption (each, a “Redemption Date”) and it or, at its written request received by the Trustee not less than five Business Days prior to the Redemption Notice Date (or such shorter period of time as may be acceptable to the Trustee), the Trustee, in the name of and at the expense of the Company, shall deliver or cause to be delivered a written notice of such Optional Redemption (a “Notice of Redemption”) (in all cases, the text of such Notice of Redemption shall be prepared by the Company) not less than 55 nor more than 70 Scheduled Trading Days prior to the Redemption Date to each Holder of Notes so to be redeemed in whole or in part; provided, however, that, if the Company shall give such notice, it shall also give written notice of the Redemption Date to the Trustee, the Conversion Agent and the Paying Agent. In the case of any Optional Redemption in part, Holders of Notes not called for Optional Redemption will not be entitled to an increased Conversion Rate for such Notes in accordance with Section 14.03 and Section 16.02(c). The Redemption Date must be a Business Day. (b) The Notice of Redemption, if delivered in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such Notice of Redemption or any defect in the Notice of Redemption to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. (c) Each Notice of Redemption shall specify: (i) the Redemption Date (which must be a Business Day); (ii) the Redemption Price; (iii) that on the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed, and that interest thereon, if any, shall cease to accrue on and after the Redemption Date; (iv) the place or places where such Notes are to be surrendered for payment of the Redemption Price; (v) that Holders may surrender their Notes for conversion at any time prior to the close of business on the second Scheduled Trading Day immediately preceding the Redemption Date; (vi) the procedures a converting Holder must follow to convert its Notes and the forms and amounts of consideration payable by the Company upon conversion; (vii) the Conversion Rate and, if applicable, the number of Additional Shares added to the Conversion Rate in accordance with Section 14.03; (viii) the CUSIP, ISIN or other similar numbers, if any, assigned to such Notes; and (ix) in case any Note is to be redeemed in part only, the portion of the principal amount thereof to be redeemed and on and after the Redemption Date, upon surrender of such Note, a new Note in principal amount equal to the unredeemed portion thereof shall be issued, which principal amount must be $1,000 or a multiple thereof. A Notice of Redemption shall be irrevocable. (d) If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Notes to be redeemed shall be selected by the Depositary in accordance with the applicable rules and procedures of the Depositary. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are not Global Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by lot, on a pro rata basis or by another method the Trustee considers to be fair and appropriate. If any Note selected for partial redemption is submitted for conversion in part after such selection, the portion of the Note submitted for conversion shall be deemed (so far as may be possible) to be the portion selected for redemption, subject, in the case of Notes represented by a Global Note, to the Depositary’s applicable procedures. If fewer than all of the outstanding Notes are to be redeemed and the Holder of any Note (or any owner of a beneficial interest in any Global Note) is reasonably not able to determine, before the close of business on the 55th scheduled Trading Day immediately before the relevant Redemption Date, whether such Note or beneficial interest, as applicable, is to be redeemed pursuant to such redemption, then such Holder or owner, as applicable, will be entitled to convert such Note or beneficial interest, as applicable, at any time before the close of business on the second Scheduled Trading Day prior to such Redemption Date, unless the Company defaults in the payment of the Redemption Price pursuant to Section 14.01(b)(v), in which case such Holder or owner, as applicable, will be entitled to convert such Note or beneficial interest, as applicable, until the Redemption Price has been paid or duly provided for, and each such conversion will be deemed to be of a Note called for redemption. The Trustee shall not be obligated to make any determination in connection with the foregoing.

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