REPURCHASE OR REDEMPTION OF FUND SHARES. In connection with the repurchase of shares, Distributor will act as agent of the Fund. Any outstanding shares may be tendered for redemption at any time and the Fund agrees to repurchase or redeem the shares in accordance with the terms and conditions of the prospectus. The Fund will pay the amount of the redemption price to shareholders on or before the seventh business day after receiving the notice of redemption in proper form except as provided for in paragraph (2).
Appears in 12 contracts
Samples: Distribution Agreement (RiverSource Variable Series Trust), Distribution Agreement (Riversource Series Trust), Distribution Agreement (RiverSource Variable Series Trust)
REPURCHASE OR REDEMPTION OF FUND SHARES. In connection with the repurchase of shares, Distributor will act as agent of the Fund. Any outstanding shares may be tendered for redemption at any time and the Fund agrees to repurchase or redeem the shares in accordance with the terms and conditions of the prospectus. The Fund will pay the amount of the redemption price to shareholders on or before the seventh business day after receiving the notice of redemption in proper form except as provided for in paragraph (2). Any applicable contingent deferred sales charge will be paid to Distributor and the balance will be paid to or for the account of the shareholder.
Appears in 12 contracts
Samples: Distribution Agreement (Riversource Strategy Series, Inc.), Distribution Agreement (RiverSource Retirement Series Trust), Distribution Agreement (Riversource Selected Series, Inc.)
