Common use of Sale of Company Shares Clause in Contracts

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company Company, or its agent, shall sell or cause to be sold any Shares of a Fund, the Company Company, or its agent, shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the applicable Fund's prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directionsdirections given in accordance with procedures set forth in the applicable Fund's prospectus, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. The Bank shall immediately notify the Company in the event it receives instructions from any entity other than the Company to suspend or discontinue the sale of Shares. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The 2.06 With the prior written consent of the Company, the Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank IBT a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank 2.02 IBT will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank IBT as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank IBT will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the BankIBT, the Bank IBT shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus Offering Circular and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank IBT shall be entitled to rely upon the latest directions, if any, previously received by the Bank IBT from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank 2.04 IBT shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank IBT shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank IBT shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank 2.06 IBT may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank IBT a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank 2.02 IBT will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank IBT as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank IBT will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the BankIBT, the Bank IBT shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus Offering Documents and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank IBT shall be entitled to rely upon the latest directions, if any, previously received by the Bank IBT from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank 2.04 IBT shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank IBT shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank IBT shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank 2.06 IBT may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares., 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 5.1 Whenever the Company a Fund shall sell or cause to be sold any Shares of a such Fund, the Company it shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 5.2 The Bank will, upon receipt by it of a check check, wire transfer or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 5.3 Under written procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 5.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinueddiscontinued , and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 5.5 Upon the issuance of any Shares of any Fund(s) in accordance with the foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 5.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Funds Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification, provided however that this provision shall not imply any duty or obligation on the part of the Bank to monitor federal or state laws with regard to the sale of Shares. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with the foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, taxes required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable 4 federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. It is understood that the Company has no present plan to issue certificates evidencing ownership of its Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a FundPortfolio, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund Portfolio whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds Portfolios and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the FundsPortfolios' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(sPortfolio(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he the purchaser is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 5.1 Whenever the Company a Fund shall sell or cause to be sold any Shares of a such Fund, the Company it shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 5.2 The Bank will, upon receipt by it of a check check, wire transfer or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 5.3 Under written procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 5.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 5.5 Upon the issuance of any Shares of any Fund(s) in accordance with the foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 5.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer Transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Fund Shares, determined in accordance with the prospectus Prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) Fund in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) Fund in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the a Company shall sell or cause to be sold any Shares of a Fund, the such Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the applicable Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the each Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank shall not be required to issue any Shares of the a Company where it has received a written instruction from the such Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this SectionSection 2, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the applicable Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may reasonably deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the applicable Company, any other rules and regulations.

Sale of Company Shares. 2.1 (a) Whenever the Company or its authorized agent shall sell or cause to be sold any Shares of a FundShares, the Company or its authorized agent shall deliver provide or cause to be delivered provided to the Bank a document duly specifyingTransfer Agent information including: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iiiii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such FundShares; and (iviii) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 (b) The Bank Transfer Agent will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds Company and drawn or endorsed to the Bank Transfer Agent as agent for, or identified as being for the account of, one of the FundsCompany, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank Transfer Agent will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between (c) Upon receipt of the Company notification required under paragraph (a) hereof and the Banknotification from the Custodian that such money has been received by it, the Bank Transfer Agent shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, Shares as he is entitled to receive, based on the appropriate net asset value of the Funds' Company's Shares, determined in accordance with the prospectus and any applicable federal law or regulation, as described in the Prospectus for the Company. In issuing Shares to a purchaser or its his authorized agent, the Bank Transfer Agent shall be entitled to rely upon the latest written directions, if any, previously received by the Bank Transfer Agent from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 (d) The Bank Transfer Agent shall not be required to issue any Shares of the Company where it has received a written instruction Written Instructions from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question Company has been suspended or discontinued, and the Bank Transfer Agent shall be entitled to rely upon such written instructions Written Instructions or written notification. 2.5 (e) Upon the issuance of any Shares of any Fund(s) the Company in accordance with the foregoing provisions provision of this SectionArticle, the Bank Transfer Agent shall not be responsible for the payment of any original issue or other taxes, if any, taxes required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. It is understood that the Company has no present plan to issue certificates evidencing ownership of its Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company or its agents, or the shareholder or its agent shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank FSSI a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank 2.02 FSSI will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank FSSI as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account and make the appropriate postings necessary to reflect the investment. The Bank FSSI will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the BankFSSI, the Bank FSSI shall issue to the purchaser or its his or her authorized agent such Shares, computed to the nearest three decimal pointsplaces, as he the purchaser is entitled to receive, based on the appropriate net asset value of the Funds' Fund's Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his or her authorized agent, the Bank FSSI shall be entitled to rely upon the latest directions, if any, previously received by the Bank FSSI from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 The Bank 2.04 FSSI shall not be required to issue any Shares of the Company any Fund where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank FSSI shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) in accordance with the foregoing provisions of this Section, the Bank FSSI shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank 2.06 FSSI may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Distributor of the Company shall sell or cause to be sold any Shares of a Fund, the Company Distributor shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares Share were sold; (ii) the number of Shares soldsold or the total dollar amount to be invested, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check check, wire transfer, or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) Funds in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) Funds in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish establish, given the written consent of the Company, such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 . The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 . Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 . The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 , provided however that this provision shall not imply any duty or obligation on the part of the Bank to monitor federal or state laws with regard to the sale of Shares. Upon the issuance of any Shares of any Fund(s) in accordance with the foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, taxes required to be paid by the Company in connection with such issuance. 2.6 . The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Shares, determined in accordance with the prospectus and any applicable federal law or regulation. In issuing Shares to a purchaser or its authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its authorized agent concerning the delivery of such Shares. 2.4 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal or state authority that the sale of the Shares of the Fund(s) in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 Upon the issuance of any Shares of any Fund(s) in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 The Bank may may, by written notice to the Company, establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.

Sale of Company Shares. 2.1 2.01 Whenever the Company shall sell or cause to be sold any Shares of a Fund, the Company shall deliver or cause to be delivered to the Bank a document duly specifying: (i) the name of the Fund whose Shares were sold; (ii) the number of Shares sold, trade date, and price; (iii) the amount of money to be delivered to the Custodian for the sale of such Shares and specifically allocated to such Fund; and (iv) in the case of a new account, a new account application or sufficient information to establish an account. 2.2 2.02 The Bank will, upon receipt by it of a check or other payment identified by it as an investment in Shares of one of the Funds and drawn or endorsed to the Bank as agent for, or identified as being for the account of, of one of the Funds, promptly deposit such check or other payment to the appropriate account postings necessary to reflect the investment. 5 The Bank will notify the Company, or its designee, and the Custodian of all purchases and related account adjustments. 2.3 2.03 Under procedures as established by mutual agreement between the Company and the Bank, the Bank shall issue to the purchaser or its his authorized agent such Shares, computed to the nearest three decimal points, as he is entitled to receive, based on the appropriate net asset value of the Funds' Fund Shares, determined in accordance with the prospectus and any applicable federal Federal law or regulation. In issuing Shares to a purchaser or its his authorized agent, the Bank shall be entitled to rely upon the latest directions, if any, previously received by the Bank from the purchaser or its his authorized agent concerning the delivery of such Shares. 2.4 2.04 The Bank shall not be required to issue any Shares of the Company where it has received a written instruction from the Company or written notification from any appropriate federal Federal or state State authority that the sale of the Shares of the Fund(s) Fund in question has been suspended or discontinued, and the Bank shall be entitled to rely upon such written instructions or written notification. 2.5 2.05 Upon the issuance of any Shares of any Fund(s) Fund in accordance with foregoing provisions of this Section, the Bank shall not be responsible for the payment of any original issue or other taxes, if any, required to be paid by the Company in connection with such issuance. 2.6 2.06 The Bank may establish such additional rules and regulations governing the transfer or registration of Shares as it may deem advisable and consistent with such rules and regulations generally adopted by transfer agents, or with the written consent of the Company, any other rules and regulations.