Common use of REDEMPTION OF TRUST SHARES Clause in Contracts

REDEMPTION OF TRUST 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 Trust 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.

Appears in 12 contracts

Samples: Custody Agreement (Cross Shore Discovery Fund), Custody Agreement (WP Trust), Custody Agreement (Firstmark Partners)

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REDEMPTION OF TRUST SHARES. Transfer of FundsTRANSFER 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 Trust 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.

Appears in 6 contracts

Samples: Custody Agreement (Berkshire Capital Investment Trust), Custody Agreement (Henssler Funds Inc), Custody Agreement (Trust for Investment Managers)

REDEMPTION OF TRUST 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 Trust Company 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.

Appears in 2 contracts

Samples: Custody Agreement (Capstone Growth Fund Inc), Custody Agreement (Capstone Fixed Income Series Inc)

REDEMPTION OF TRUST 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 Trust may designate with respect to such amount in such Proper Instructions. Upon effecting payment or distribution in accordance with proper InstructionInstructions, the Custodian shall not be under any obligation or have any responsibility thereafter with respect to any such paying bank.

Appears in 2 contracts

Samples: Custody Agreement (Variable Insurance Funds), Custody Agreement (Magna Funds /Ma/)

REDEMPTION OF TRUST SHARES. Transfer of FundsTrusts. 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 FundTrust, 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. 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.

Appears in 1 contract

Samples: Custody Agreement (National Retail Fund II)

REDEMPTION OF TRUST 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 Trust 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.

Appears in 1 contract

Samples: Custody Agreement (Fifth Third Funds)

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REDEMPTION OF TRUST SHARES. Transfer of FundsTRANSFER 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 either Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Trust Fund may designate with respect to such amount in such Proper Instructions. Upon effecting payment or distribution in accordance with proper InstructionProper Instructions, the Custodian shall not be under any obligation or have any responsibility thereafter with respect to any such paying bank.

Appears in 1 contract

Samples: Custody Agreement (Stonebridge Aggressive Growth Fund Inc)

REDEMPTION OF TRUST SHARES. Transfer of FundsTRANSFER OF FUND. 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 the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Trust 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.

Appears in 1 contract

Samples: Custody Agreement (Stonebridge Aggressive Growth Fund Inc)

REDEMPTION OF TRUST 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 Trust Company may designate with respect to such amount in such Proper Instructions. Upon effecting payment or distribution in accordance with proper Proper Instruction, the Custodian shall not be under any obligation or have any responsibility thereafter with respect to any such paying bank.

Appears in 1 contract

Samples: Custody Agreement (Thurlow Funds Inc)

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