Common use of Redemptions; Cancellation Clause in Contracts

Redemptions; Cancellation. Redemptions or repurchases of shares will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable prospectuses. If Bank sells shares for the account of the record owner to the Funds, Bank shall be deemed to represent to FTDI that Bank is doing so as agent for the Customer and that Bank is authorized to do so in such capacity. Such sales to the Funds shall be at the redemption or repurchase price then currently in effect for such shares. If on a redemption which Bank has ordered, instructions in proper form, including outstanding certificates, are not received within the time customary or the time required by law, the redemption may be canceled forthwith without any responsibility or liability on the part of FTDI or any Fund, or at the option of FTDI, FTDI may buy the shares redeemed on behalf of the Fund, in which latter case FTDI may hold Bank responsible for any loss to the Fund or loss of profit suffered by FTDI resulting from Bank's failure to settle the redemption.

Redemptions; Cancellation. Redemptions or repurchases of shares will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable prospectusesFund Prospectuses. If Bank sells shares for the account of the record owner to the FundsFund(s), Bank shall be deemed to represent to FTDI that Bank is doing so as agent for the Customer and that Bank is authorized to do so in such capacity. Such sales to the Funds Fund(s) shall be at the redemption or repurchase price then currently in effect for such shares. If on a redemption which Bank has ordered, instructions in proper form, including outstanding certificates, are not received within the time customary or the time required by law, the redemption may be canceled forthwith without any responsibility or liability on the part of FTDI or any Fund, or at the option of FTDI, FTDI may buy the shares redeemed on behalf of the FundFund(s), in which latter case case, FTDI may hold Bank responsible for any loss to the Fund Fund(s) or loss of profit suffered by FTDI resulting from Bank's failure to settle the redemption.

Redemptions; Cancellation. Redemptions or repurchases of shares will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable prospectusesFund Prospectuses. If Bank sells shares for the account of the record owner to the FundsFund(s), Bank shall be deemed to represent to FTDI that Bank is doing so as agent for the Customer and that Bank is authorized to do so in such capacity. Such sales to the Funds Fund(s) shall be at the redemption or repurchase price then currently in effect for such shares. If on a redemption which Bank has ordered, instructions in proper form, including outstanding certificates, are not received within the time customary or the time required by law, the redemption may be canceled forthwith without any responsibility or liability on the part of FTDI or any Fund, or at the option of FTDI, FTDI may buy the shares redeemed on behalf of the FundFund(s), in which latter case case, FTDI may hold Bank responsible for any loss to the Fund Fund(s) or loss of profit suffered by FTDI resulting from Bank's ’s failure to settle the redemption.

Redemptions; Cancellation. Redemptions or repurchases of shares will be made at the net asset value of such shares, less any applicable deferred sales or redemption charges, in accordance with the applicable prospectuses. If Bank sells shares for the account of the record owner to the Funds, Bank shall be deemed to represent to FTDI that Bank is doing so as agent for the Customer and that Bank is authorized to do so in such capacity. Such sales to the Funds shall be at the redemption or page repurchase price then currently in effect for such shares. If on a redemption which Bank has ordered, instructions in proper form, including outstanding certificates, are not received within the time customary or the time required by law, the redemption may be canceled forthwith without any responsibility or liability on the part of FTDI or any Fund, or at the option of FTDI, FTDI may buy the shares redeemed on behalf of the Fund, in which latter case FTDI may hold Bank responsible for any loss to the Fund or loss of profit suffered by FTDI resulting from Bank's failure to settle the redemption.