Common use of Redemptions and Transfers Clause in Contracts

Redemptions and Transfers. (1) Federated shall receive redemption requests and redemption directions and, if such redemption requests comply with the procedures as may be described in the Fund Prospectus or set forth in Proper Instructions, deliver the appropriate instructions therefor to the Custodian. Federated shall notify the Funds on a daily basis of the total amount of redemption requests processed and monies paid to Federated by the Custodian for redemptions.

Appears in 2 contracts

Samples: And Transfer Agency Services (Vision Group of Funds Inc), Agreement (Regions Morgan Keegan Select Funds)

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Redemptions and Transfers. (1) Federated shall receive Share redemption requests and redemption directions and, if such redemption requests comply with the procedures as may be described in the Fund a Fund's Prospectus or set forth in Proper Instructions, deliver the appropriate instructions therefor to the Custodian. On each Fund business day, Federated shall notify the Funds on a daily basis of the total amount of redemption requests processed and monies paid to Federated by the Custodian for redemptions.

Appears in 2 contracts

Samples: Agreement (Golden Oak Family of Funds), Agency Services (Golden Oak Family of Funds)

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