Common use of Redemption Requests Clause in Contracts

Redemption Requests. The DTC/Euroclear Participant notified of acknowledgement of a request to redeem Shares shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Shares through DTC or Euroclear no later than the NYSE Closing Time on the next Business Day immediately following the Business Day on which such order is Deemed Received by the Transfer Agent and (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system or the DTCC Security Payment Order system, by no later than 2:00 p.m., Eastern time on the next Business Day immediately following the Business Day on which such order is Deemed Received by the Transfer Agent.