Right to Seek Assurances. The Transfer Agent reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions that the Transfer Agent, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. The Transfer Agent may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, which in the opinion of legal counsel for the Company or of the Transfer Agent's own legal counsel protect the Transfer Agent in not requiring certain documents in connection with the transfer or redemption of Shares of the Fund, and the Fund shall indemnify the Transfer Agent for any acts done or omitted by it in reliance upon such laws or opinions of counsel to the Fund or of its own counsel.
Right to Seek Assurances. The Bank reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Bank, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. The Bank may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, which in the opinion of legal counsel for the Company (whether in-house or outside), do not require certain documents in connection with the transfer or redemption of Shares of any Fund, and the Company shall indemnify the Bank for any act done or omitted by it in reliance upon such laws or opinions of counsel of the Company (whether in-house or outside).
Right to Seek Assurances. The Bank reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Bank, in its reasonable judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. The Bank may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, which in the opinion of legal counsel for the Trusts do not require certain documents in connection with the transfer or redemption of Shares of any Fund, and the Trusts shall indemnify the Bank for any act done or omitted by it as aforesaid.
Right to Seek Assurances. 6.01 IBT reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which IBT, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. IBT may, in effecting transfers, rely upon the provisions of the Uniform Act for the
Right to Seek Assurances. The Bank reserves the right to refuse to transfer ------------------------ or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Bank, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. The Bank may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, which in the opinion of legal counsel for the Fund or the Bank's own legal counsel, do not require certain documents in connection with the transfer or redemption of Shares of any Index Series.
Right to Seek Assurances. The Transfer Agent reserves the right not to process a transfer or redemption of Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Transfer Agent, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. The Transfer Agent may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers of Arizona or the Uniform Commercial Code of Arizona, as they may be amended from time to time, which in the opinion of legal counsel for the Fund or of its own legal counsel protect it in not requiring certain documents in connection with the transfer or redemption of Shares, and the Fund shall indemnify the Transfer Agent for any act done or omitted by it in reliance upon such laws or opinions of counsel of the Fund or of its own counsel.
Right to Seek Assurances. 6.01 IBT reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which IBT, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claims adverse to such transfer or redemption. IBT may, in effecting transfers, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, which in the opinion of legal counsel for the Trust or IBT's own legal counsel, do not require certain documents in connection with the transfer or redemption of Shares of any Fund, and the Trust shall indemnify IBT for any act done or omitted by it in reliance upon such laws or opinions of counsel of the Trust or of IBT.
Right to Seek Assurances. 5 o ARTICLE 7. Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Right to Seek Assurances. The Manager reserves the right not to process a transfer or redemption of Shares until it is satisfied that the requested transfer or redemption is legally authorized. It shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Manager, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis for any claim adverse to the transfer or redemption. The Manager may, in effecting transfers, rely upon the provisions of applicable law (including but not limited to the Uniform Commercial Code of Iowa) which in the opinion oflegal counsel for the Trust or of its own legal counsel protect it in not requiring certain documents in connection with the transfer or ADMINISTRATIVE SERVICES AGREEMENT Pearl Mutual Funds July 2, 2001 redemption of Shares; and the Trust shall indemnify the Manager for any act done or omitted by it in reliance upon any such law or opinion of counsel of the Trust or of its own counsel.
