Common use of Right to Seek Assurance Clause in Contracts

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 87 contracts

Samples: Transfer Agency Agreement (Ids Selective Fund Inc), Transfer Agency Agreement (Ids Discovery Fund Inc), Transfer Agency Agreement (Axp Strategy Series Inc)

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Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Fund shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 31 contracts

Samples: Transfer Agent Agreement (Seligman Capital Fund Inc), Transfer Agent Agreement (Riversource Series Trust), Page 1 Transfer Agency Agreement (Ids Tax Free Money Fund Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Corporation shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 20 contracts

Samples: Transfer Agency Agreement (Axp Managed Series Inc), Transfer Agency Agreement (Axp Sector Series Inc), Transfer Agency Agreement (Axp Discovery Series Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Funds or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Corporation shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 17 contracts

Samples: Transfer Agency Agreement (Axp Partners Series Inc), Transfer Agency Agreement (Axp Tax-Exempt Series Inc), Transfer Agency Agreement (Axp Partners International Series Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the a Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 15 contracts

Samples: Transfer Agency Agreement (Ids Market Advantage Series Inc), Transfer Agency Agreement (Axp Global Series Inc), Transfer Agency Agreement (Ids Tax Free Money Fund Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares units of the Fund Trust or take any action requested by a shareholder unitholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares units or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 9 contracts

Samples: Transfer Agency and Administrative Services Agreement (World Trust), Transfer Agency and Administrative Services Agreement (Growth Trust), Page 1 Transfer Agency and Administrative Services Agreement (World Trust)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Company or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 9 contracts

Samples: Page 1 Transfer Agency Agreement (Express Direct Growth Fund Inc), Page 1 Transfer Agency Agreement (Express Direct Income Fund Inc), Page 1 Transfer Agency Agreement (Express Direct Growth & Income Fund Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Corporation or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Corporation shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 3 contracts

Samples: Page 1 Transfer Agency Agreement (Ids Investment Series Inc), Page 1 Transfer Agency Agreement (Ids Global Series Inc), Transfer Agency Agreement (Ids Money Market Series Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares units of the Fund Portfolios or take any action requested by a shareholder unitholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares units or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 3 contracts

Samples: Transfer Agency and Administrative Services Agreement (Growth & Income Trust), Transfer Agency and Administrative Services Agreement (Income Trust), Transfer Agency and Administrative Services Agreement (World Trust)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Trust or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 2 contracts

Samples: Page 1 Transfer Agency Agreement (Ids Special Tax Exempt Series Trust), Page 1 Transfer Agency Agreement (Ids California Tax Exempt Trust)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency Agreement (Axp California Tax-Exempt Trust)

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Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any an requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency Agreement (Ids High Yield Tax Exempt Fund Inc /Mn/)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the a Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Corporation shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Page 1 Transfer Agency Agreement (Ids Global Series Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized authorize or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency Agreement (Ids Equity Select Fund Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Funds or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency Agreement (Express Direct World Fund Inc)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund Funds or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency Agreement (Axp Special Tax-Exempt Series Trust)

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares units of the Fund Portfolio or take any action requested by a shareholder unitholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code. The Company Trust shall indemnify the Transfer Agent for any act done or omitted to be done in reliance on such laws or for refusing to transfer, exchange or redeem shares units or taking any requested action if it acts on a good faith belief that the transaction or action is illegal or unauthorized.

Appears in 1 contract

Samples: Transfer Agency and Administrative Services Agreement (Tax Free Income Trust)

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