Common use of SUBSCRIPTION AGENT SERVICES Clause in Contracts

SUBSCRIPTION AGENT SERVICES. The Transfer Agent will act as Subscription Agent for the Fund. In addition to subscription functions described elsewhere in this Agreement, the Transfer Agent will: 1. Maintain a Subscription Account for the Fund. This account shall be established and operated so as to satisfy the following criteria: a. The account shall be established by the Transfer Agent for the benefit of the Fund in accordance with the terms of the Agreement; b. The account shall be provided at no additional cost except as may otherwise be stated in Appendix D of the Agreement; c. The account shall serve as the sole depository for subscription monies intended for the purchase of Fund Shares until such funds are transferred to the Custody Account; d. The Transfer Agent shall be prepared to receive and efficiently process incoming cash, checks, Federal Reserve Drafts and bank wire transfers of funds; e. Withdrawals from the account shall be for the purpose of transferring funds into the Custody Account or, where appropriate, the crediting or payment of commission or dealer's commissions; withdrawals are also permitted to accommodate net settlements with the Custodian; f. No dividend or redemption or any other payments shall be made to Fund Shareholders from the Subscription Account; g. The Transfer Agent will cashier all items presented in payment as expeditiously as possible. 2. In connection with managing the Subscription Account, the Transfer Agent will exercise all possible care in satisfying operational requirements in each of the following critical areas:

SUBSCRIPTION AGENT SERVICES. The Transfer Agent ADM will act as Subscription Agent for the FundTrust. In addition to subscription functions described elsewhere in this Agreement, the Transfer Agent will: 1. Maintain will maintain a Subscription Account for the Fund. This subscription account shall be established and operated so as to satisfy the following criteria:not titled in ADM's name. a. The account shall be established provided by First Financial Savings Bank, S.L.A. at the Transfer Agent for the benefit of the Fund costs set forth in accordance with the terms of the AgreementAppendix D-1; b. The account shall be provided at no additional cost except as may otherwise be stated in Appendix D of the Agreement; c. The account shall serve as the sole depository for subscription monies intended for the purchase of Fund Shares until such funds are transferred to the Custody Account; d. The Transfer Agent c. ADM shall be prepared to receive and efficiently process incoming cash, checks, Federal Reserve Drafts and bank wire transfers of funds; e. d. Withdrawals from the account shall be for the purpose of transferring funds into the Custody Account or, where appropriate, the crediting or payment of commission or commissions including dealer's commissions; withdrawals are also permitted to accommodate net settlements with the Custodian, or required refunds to broker due to cancelled trades; f. e. No dividend or redemption or any other payments shall be made to Fund Trust Shareholders from the Subscription Account; g. The Transfer Agent f. ADM will cashier all items presented in payment as expeditiously as possible. 21. In connection with managing the Subscription Account, the Transfer Agent ADM will exercise all possible care in satisfying operational requirements in each of the following critical areas: