Share Services. The Transfer Agent shall perform the following Share Services, and such other Services as may be set forth in the Fee and Service Schedule (“Fee and Service Schedule”) attached hereto and incorporated herein: (a) issue and record the appropriate number of Shares as authorized and hold such Shares in the appropriate Shareholder Account; (b) effect transfers of Shares by the registered owners thereof upon receipt of appropriate documentation; and (c) issue replacement certificates for those certificates alleged to have been lost, stolen or destroyed, upon receipt by the Transfer Agent of an open penalty surety bond satisfactory to it and holding it and the Company harmless, absent notice to the Transfer Agent that such certificates have been acquired by a bona fide purchaser. The Transfer Agent may, at its option, issue replacement certificates in place of mutilated stock certificates upon presentation thereof without such indemnity. Further, the Transfer Agent may, at its sole option, accept indemnification from the Company to issue replacement certificates for those certificates alleged to have been lost, stolen or destroyed in lieu of an open penalty bond.
Appears in 2 contracts
Samples: Transfer Agency and Service Agreement (Virtus Global Dividend & Income Fund Inc.), Transfer Agency and Service Agreement (Zweig Fund Inc /Md/)
Share Services. The Transfer Agent shall perform the following Share Services, and such other Services as may be set forth in the Fee and Service Schedule (“Fee and Service Schedule”) attached hereto and incorporated herein:
(a) issue and record the appropriate number of Shares as authorized and hold such Shares in the appropriate Shareholder Account;
(b) effect transfers of Shares by the registered owners thereof upon receipt of appropriate documentation; and
(c) issue replacement certificates Shares for those certificates alleged to have been lost, stolen or destroyed, upon receipt by the Transfer Agent of an open penalty surety bond satisfactory to it and holding it and the Company Fund harmless, absent notice to the Transfer Agent that such certificates have been acquired by a bona fide purchaser. The Transfer Agent may, at its option, issue replacement certificates Shares in place of mutilated stock certificates upon presentation thereof without such indemnity. Further, the Transfer Agent may, at its sole option, accept indemnification from the Company Fund to issue replacement certificates Shares for those certificates alleged to have been lost, stolen or destroyed in lieu of an open penalty bond.
Appears in 2 contracts
Samples: Transfer Agency and Service Agreement (Duff & Phelps Select Energy MLP Fund Inc.), Transfer Agency and Service Agreement (Virtus Global Multi-Sector Income Fund)
Share Services. The Transfer Agent shall perform the following Share Services, and such other Services as may be set forth in the Fee and Service Schedule (“Fee and Service Schedule”) attached hereto and incorporated herein:
(a) issue and record the appropriate number of Shares as authorized and hold such Shares in the appropriate Shareholder Account;
(b) effect transfers of Shares by the registered owners thereof upon receipt of appropriate documentation; and
(c) issue replacement certificates Shares for those certificates alleged to have been lost, stolen or destroyed, upon receipt by the Transfer Agent of an open penalty surety bond satisfactory to it and holding it and the Company harmless, absent notice to the Transfer Agent that such certificates have been acquired by a bona fide purchaser. The Transfer Agent may, at its option, issue replacement certificates Shares in place of mutilated stock certificates upon presentation thereof without such indemnity. Further, the Transfer Agent may, at its sole option, accept indemnification from the Company to issue replacement certificates Shares for those certificates alleged to have been lost, stolen or destroyed in lieu of an open penalty bond.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Duff & Phelps Global Utility Income Fund Inc.)