Common use of Redemption of Shares of the Fund Clause in Contracts

Redemption of Shares of the Fund. From such funds as may be available for the purpose, but subject to the limitation of the Fund's Trust Agreement as amended, and applicable resolutions of the board of directors of KCF pursuant thereto, make funds available to shareholders who have delivered to the Transfer Agent a request for redemption of their shares by the Fund pursuant to said Trust Agreement, as amended. In connection with the redemption of shares of the Fund pursuant to the Fund's Trust Agreement, as amended, State Street is authorized and directed upon receipt of proper instructions from the Transfer Agent for the Fund to make funds available for transfer through the Federal Reserve Wire System or by other bank wire to a commercial bank account designated by the redeeming shareholder.

Appears in 5 contracts

Samples: Subcustodian Agreement (Keystone High Income Bond Fund B-4), Keystone Growth & Income Fund S-1, Keystone Mid Cap Growth Fund S-3

AutoNDA by SimpleDocs

Redemption of Shares of the Fund. From such funds as may be available for the purpose, but subject to the limitation of the Fund's Trust Agreement as amended, and applicable resolutions of the board of directors of KCF pursuant thereto, make funds available to shareholders who have delivered to the Transfer Agent a request for redemption of their shares by the Fund pursuant to said Trust Agreement, as amended. In connection with the redemption of shares of the Fund pursuant to the Fund's Trust Agreement, as amended, State Street is authorized and directed upon receipt of proper instructions from the Transfer Agent for the Fund to make funds available for transfer through the Federal Reserve Wire System system or by other bank wire to a commercial bank account designated by the redeeming shareholder.

Appears in 2 contracts

Samples: Keystone Quality Bond Fund B-1, Keystone Custodian Fund Series K-2

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.