Redemption Processing Clause Samples

Redemption Processing. The fees set forth in this section are for processing of income and redemption events. Income Processing: Book Entry Per Posting 2.25 Income Processing: Physical Per Posting 15.00 Redemptions: Book Entry Per Posting 2.25 Redemptions: Physical Per Posting 15.00 - Income processing includes principal paydowns, interest on fixed income securities and dividends on equities (cash and/or stock). - Redemptions include maturities and full or partial calls on fixed income securities. - Fees are assessed for income and redemption events for United States securities. The Bank may, at its discretion, also assess fees for income and redemption events for non-United States securities.

Redemption Processing. 1. Process letter redemption requests. 2. Process telephone redemption transactions.

Redemption Processing. The Transfer Agent will take all necessary steps to insure that redemptions and repurchase requirements have been met, including the receipt and examination of signature guarantees and obtain any needed papers or documents. a. All redemption requests will be automatically reviewed: i. To insure there are sufficient Shares available in the Account. ii. To insure collection of the applicable subscription check before using funds for redemption (other than payment received by the Transfer Agent from Bank Wire and Federal Reserve Drafts). iii. To notify the Fund of all redemption requests in excess of $1,000,0000. iv. And signed by an individual other than the preparer of the checks, to insure that the checks issued in redemption correspond to the amounts requested to be redeemed. b. Develop and employ a method for validating receipt of good subscription funds to comply with section I.D.2.a.ii. c. No signature guarantees shall be acceptable unless provided by a domestic bank or by a brokerage firm which is a member of the New York, American, Midwest,, Pacific or Boston Stock Exchange.