Common use of Repurchase Offers Clause in Contracts

Repurchase Offers. With respect to each quarterly repurchase offer by the Fund, the Service Agent agrees: to transmit to each Customer on behalf of the Fund in a timely manner the repurchase offer materials (subject to its timely receipt from the Fund of the reasonable number of copies thereof requested by the Service Agent); to respond to Customer inquiries about the procedures for tendering shares; to transmit tendered shares on behalf of those Customers who wish to tender; and to remit repurchase proceeds to the appropriate investors. If the Fund pro-rates shares tendered for repurchase, the Service Agent will be responsible for determining the correct allocation among its Customers of the repurchase proceeds and the shares not purchased.

Repurchase Offers. With respect to each quarterly repurchase offer by the Fund, the Service Agent agrees: to transmit deliver to each Customer on behalf of the Fund in a timely manner the repurchase offer materials (subject to its timely receipt from the Fund of the reasonable number of copies thereof requested by the Service Agent); to respond to Customer inquiries about the procedures for tendering shares; to transmit tendered tender shares on behalf of those Customers who wish to tenderdo so; and to remit repurchase proceeds to the appropriate investors. If the Fund pro-rates shares tendered for repurchase, the Service Agent will be responsible for determining the correct allocation among its Customers of the repurchase proceeds and the shares not purchased.