Common use of Suspension of Sale of Shares Clause in Contracts

Suspension of Sale of Shares. Private Trust or its agent shall not be required to issue any Shares of a Fund where it has received a Written Instruction from the Fund or official notice from any appropriate authority that the sale of the Shares of the Fund has been suspended or discontinued. The existence of such Written Instructions or such official notice shall be conclusive evidence of the right of Private Trust or its agent to rely on such Written Instructions or official notice.

Appears in 25 contracts

Samples: Transfer Agency and Services Agreement (Smith Barney Adjustable Rate Government Income Fund), Transfer Agency and Services Agreement (Smith Barney Municipal Money Market Fund Inc), Transfer Agency and Services Agreement (Citifunds Tax Free Income Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!