Trade Rejections. The Trust Company will report to Series Trust by phone or email any rejected trades in accordance with Applicable Deadlines in order that shares may be reserved at that trade date’s price.
Trade Rejections. In the event a trade request is prevented due to system problems or otherwise rejected (each a “Trade Rejection”), the Parties will work together in good faith to coordinate retransmission and settlement of such trade request at the applicable NAV. Promptly, but no later than 11:00 a.m. ET on the next Business Day, GWFS will notify the Fund or the Transfer Agent of the Trade Rejection via e-mail, phone, overnight mail, facsimile, or an electronic medium acceptable to the Parties. The Party reasonably at fault for such Trade Rejection shall provide indemnification according to the indemnification provisions of this Agreement.
Trade Rejections. The Company will report to the Underwriter by phone any rejected trades by T+1, prior to the Applicable Cut-Off Time in order that Shares may be reserved (price protected) at that trade date’s price. The Company shall be responsible for any loss to the Fund(s) due to failure to timely report rejected trades and shall promptly pay each Fund for any such loss. If there is a NSCC redemption reject that must be processed manually, payment will be made to the Company in as timely a manner as possible, as outlined in the Prospectus.
Trade Rejections. In the event a trade request is prevented due to system problems or otherwise rejected, or rejected in accordance with the Funds’ Disclosure Memorandum or Declaration of Trust (each a “Trade Rejection”), the Parties will work together in good faith to coordinate retransmission and settlement of such trade request at the applicable NAV. Promptly, but no later than 11:00 a.m. ET on the next Business Day, Empower will notify the Fund or the Transfer Agent of the Trade Rejection via e-mail, phone, overnight mail, facsimile, or an electronic medium acceptable to the Parties. The Party reasonably at fault for such Trade Rejection shall provide indemnification according to the indemnification provisions of this Agreement
