Redemptions and Transfers. (1) The Company shall receive redemption requests and redemption directions and determine whether such redemption requests comply with such procedures as may be described in the Prospectus or set forth in Proper Instructions. The Company shall notify the Fund on a daily basis of the total amount of redemption requests processed and monies paid to the Company for redemptions. (2) Pursuant to redemption requests and in accordance with the current Prospectus, the Company shall compute and issue the appropriate number of Shares of the Fund to be redeemed and deduct such Shares in the appropriate Shareholder accounts. (3) At the appropriate time upon realizing redemption proceeds with respect to any redemption, the Company shall pay or cause to be paid the redemption proceeds in the manner instructed by the redeeming Shareholders, pursuant to procedures described in the then-current Prospectus. (4) The Company shall effect transfers of Shares by the registered owners thereof. (5) The Company shall identify and process abandoned accounts and uncashed checks for state escheat requirements on an annual basis and report such actions to the Fund.
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Samples: Fund Administration Agreement (FBR Rushmore Fund Inc), Administrative Services Agreement (FBR American Gas Index Fund Inc)
Redemptions and Transfers. (1) The Company shall receive redemption requests and redemption directions and determine whether such redemption requests comply with such procedures as may be described in the Prospectus Prospectuses or set forth in Proper Instructions. The Company shall notify the Fund on a daily basis of the total amount of redemption requests processed and monies paid to the Company for redemptions.
(2) Pursuant to redemption requests and in accordance with the current ProspectusProspectuses, the Company shall compute and issue the appropriate number of Shares of the Fund to be redeemed and deduct such Shares in the appropriate Shareholder accounts.
(3) At the appropriate time upon realizing redemption proceeds with respect to any redemption, the Company shall pay or cause to be paid the redemption proceeds in the manner instructed by the redeeming Shareholders, pursuant to procedures described in the then-current ProspectusProspectuses.
(4) The Company shall effect transfers of Shares by the registered owners thereof.
(5) The Company shall identify and process abandoned accounts and uncashed checks for state escheat requirements on an annual basis and report such actions to the Fund.
Appears in 1 contract
Samples: Fund Administration Agreement (FBR Fund for Tax Free Investors Inc)
Redemptions and Transfers. (1) The Company shall receive redemption requests and redemption directions and determine whether such redemption requests comply with such procedures as may be described in the Prospectus or set forth in Proper Instructions. The Company shall notify the Fund Funds on a daily basis of the total amount of redemption requests processed and monies paid to the Company for redemptions.
(2) Pursuant to redemption requests and in accordance with the current Prospectus, the Company shall compute and issue the appropriate number of Shares of the each Fund to be redeemed and deduct such Shares in the appropriate Shareholder accounts.
(3) At the appropriate time upon realizing redemption proceeds with respect to any redemption, the Company shall pay or cause to be paid the redemption proceeds in the manner instructed by the redeeming Shareholders, pursuant to procedures described in the then-current Prospectus.
(4) The Company shall effect transfers of Shares by the registered owners thereof.
(5) The Company shall identify and process abandoned accounts and uncashed checks for state escheat requirements on an annual basis and report such actions to the FundFunds.
Appears in 1 contract
Redemptions and Transfers. (1) The Company shall receive redemption requests and redemption directions and determine whether such redemption requests comply with such procedures as may be described in the Prospectus or set forth in Proper Instructions. The Company shall notify the Fund Trust on a daily basis of the total amount of redemption requests processed and monies paid to the Company for redemptions.
(2) Pursuant to redemption requests and in accordance with the current Prospectus, the Company shall compute and issue the appropriate number of Shares of the Fund Trust to be redeemed and deduct such Shares in the appropriate Shareholder accounts.
(3) At the appropriate time upon realizing redemption proceeds with respect to any redemption, the Company shall pay or cause to be paid the redemption proceeds in the manner instructed by the redeeming Shareholders, pursuant to procedures described in the then-current Prospectus.
(4) The Company shall effect transfers of Shares by the registered owners thereof.
(5) The Company shall identify and process abandoned accounts and uncashed checks for state escheat requirements on an annual basis and report such actions to the FundTrust.
Appears in 1 contract
Samples: Administrative Services Agreement (FBR Fund for Government Investors)