Common use of Suspension of Sale of Shares Clause in Contracts

Suspension of Sale of Shares. The Transfer Agent or its agent shall not be required to issue any Shares of the 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 the Transfer Agent or its agent to rely on such Written Instructions or official notice.

Appears in 14 contracts

Samples: Transfer Agency and Registrar Agreement (Flaherty & Crumrine/Claymore Total Return Fund Inc), Transfer Agency and Registrar Agreement (F&c/Claymore Preferred Securities Income Fund Inc), Transfer Agency and Registrar Agreement (Smith Barney Shearson Managed Governments Fund Inc)

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Suspension of Sale of Shares. The Transfer Agent or its agent shall not be required to issue any Shares of the Fund where it has received a Written Instruction from the Fund or official written notice from any appropriate Federal or state authority that the sale of the Shares of the Fund has been suspended or discontinued. The existence of , and the Transfer Agent shall be entitled to rely upon such Written Instructions or such official notice shall be conclusive evidence of the right of the Transfer Agent or its agent to rely on such Written Instructions or official noticewritten notification.

Appears in 2 contracts

Samples: Transfer Agency Agreement (Cortland Trust Inc), Transfer Agent Agreement (Aha Investment Funds Inc)

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