Common use of Transfer Agent Services Clause in Contracts

Transfer Agent Services. In accordance with the Agreement, and in particular Section 5(d) thereof, the Transfer Agent will perform the functions normally performed by the Transfer Agent for other investment companies of a similar type. Such functions shall include but not necessarily be limited to: 1. Processing a. Keep such records in the form and manner as the Transfer Agent may deem advisable but not inconsistent with the rules and regulations of appropriate governmental authorities applicable to the Transfer Agent or as may otherwise be agreed from time to time in writing between the Fund and the Transfer Agent; b. Process transfers as requested by Shareholders or persons, firms, corporations or other entities the Transfer Agent reasonably believes to be the Shareholder or authorized to act on behalf of the Shareholder including obtaining and reviewing papers and all other documents necessary to satisfy transfer requirements; the Fund will, upon request of the Transfer Agent, advise the Transfer Agent of the transfer requirements of the Fund, and the Transfer Agent will be fully protected by the Fund if it is following such transfer requirements; c. Process initial and subsequent investments from Shareholders; d. On a semi-monthly or other basis acceptable to the Transfer Agent and the Fund initiate, accept and process pre-authorized checks or, when available, electronic funds transfers drawn against Shareholders' checking accounts; e. Process and record redemption of Shares to satisfy ordinary redemptions and Plan account; f. Proportionally allocate dividends, which are provided to the Transfer Agent by the Fund in gross dollar amount, to the benefit of the Fund Shareholders entitled to receive them. The procedure used must show that the amounts allocated daily substantially balance to the gross dollar amount provided by the Fund to the Transfer Agent. Until otherwise specified by the Fund, dividends shall be in accordance with the following: Three- day accrual on Monday for the previous weekend; Two- day accrual on the first business day following a holiday or Four-day accrual if the holiday immediately precedes or follows a weekend; compatibility with the Merrill Lynch Automatxx Investment of Dividends System, and the issuance of all reports incidental thereto provided the Fund's method of operation is so compatible.

Transfer Agent Services. In accordance with the Agreement, and in particular Section 5(d) thereof, the Transfer Agent will perform the functions normally performed by the Transfer Agent for other investment companies of a similar type. Such functions shall include but not necessarily be limited to: 1. Processing a. Keep such records in the form and manner as the Transfer Agent may deem advisable but not inconsistent with the rules and regulations of appropriate governmental authorities applicable to the Transfer Agent or as may otherwise be agreed from time to time in writing between the Fund and the Transfer Agent; b. Process transfers as requested by Shareholders or persons, firms, corporations or other entities the Transfer Agent reasonably believes to be the Shareholder or authorized to act on behalf of the Shareholder including obtaining and reviewing papers and all other documents necessary to satisfy transfer requirements; the Fund will, upon request of the Transfer Agent, advise the Transfer Agent of the transfer requirements of the Fund, and the Transfer Agent will be fully protected by the Fund if it is following such transfer requirements; c. Process initial and subsequent investments from Shareholders; d. On a semi-monthly or other basis acceptable to the Transfer Agent and the Fund initiate, accept and process pre-authorized checks or, when available, electronic funds transfers drawn against Shareholders' checking accounts; e. Process and record redemption of Shares to satisfy ordinary redemptions and Plan account; f. Proportionally allocate dividends, which are provided to the Transfer Agent by the Fund in gross dollar amount, to the benefit of the Fund Shareholders entitled to receive them. The procedure used must show that the amounts allocated daily substantially balance to the gross dollar amount provided by the Fund to the Transfer Agent. Until otherwise specified by the Fund, dividends shall be in accordance with the following: Three- Three-day accrual on Monday for the previous weekend; Two- Two-day accrual on the first business day following a holiday or Four-day accrual if the holiday immediately precedes or follows a weekend; compatibility with the Merrill Lynch Automatxx Xxxxxxx Xxxxx Automatic Investment of Dividends System, and the issuance of all reports incidental thereto provided the Fund's method of operation is so compatible.

Transfer Agent Services. In accordance with the Agreement, and in particular Section 5(d) thereof, the Transfer Agent will perform the functions normally performed by the Transfer Agent for other investment companies of a similar type. Such functions shall include but not necessarily be limited to: 1. Processing a. Keep such records in the form and manner as the Transfer Agent may deem advisable but not inconsistent with the rules and regulations of appropriate governmental authorities applicable to the Transfer Agent or as may otherwise be agreed from time to time in writing between the Fund and the Transfer Agent; b. Process transfers as requested by Shareholders or persons, firms, corporations or other entities the Transfer Agent reasonably believes to be the Shareholder or authorized to act on behalf of the Shareholder including obtaining and reviewing papers and all other documents necessary to satisfy transfer requirements; the Fund will, upon request of the Transfer Agent, advise the Transfer Agent of the transfer requirements of the Fund, and the Transfer Agent will be fully protected by the Fund if it is following such transfer requirements; c. Process initial and subsequent investments from Shareholders; d. On a semi-monthly or other basis acceptable to the Transfer Agent and the Fund initiate, accept and process pre-authorized checks or, when available, electronic funds transfers drawn against Shareholders' checking accounts; e. Process and record redemption of Shares to satisfy ordinary redemptions and Plan account; f. Proportionally allocate dividends, which are provided to the Transfer Agent by the Fund in gross dollar amount, to the benefit of the Fund Shareholders entitled to receive them. The procedure used must show that the amounts allocated daily substantially balance to the gross dollar amount provided by the Fund to the Transfer Agent. Until otherwise specified by the Fund, dividends shall be in accordance with the following: Three- day accrual on Monday for the previous weekend; Two- Two-day accrual on the first business day following a holiday or Four-day accrual if the holiday immediately precedes or follows a weekend; compatibility with the Merrill Lynch Automatxx Xxxxxxx Xxxxx Automatic Investment of Dividends System, and the issuance of all reports incidental thereto provided the Fund's method of operation is so compatible.

Transfer Agent Services. In accordance with the Agreement, and in particular Section 5(d) thereof, the Transfer Agent will perform the functions normally performed by the Transfer Agent for other investment companies of a similar type. Such functions shall include but not necessarily be limited to: 1. Processing a. Keep such records in the form and manner as the Transfer Agent may deem advisable but not inconsistent with the rules and regulations of appropriate governmental authorities applicable to the Transfer Agent or as may otherwise be agreed from time to time in writing between the Fund and the Transfer Agent; b. Process transfers as requested by Shareholders or persons, firms, corporations or other entities the Transfer Agent reasonably believes to be the Shareholder or authorized to act on behalf of the Shareholder including obtaining and reviewing papers and all other documents necessary to satisfy transfer requirements; the Fund will, upon request of the Transfer Agent, advise the Transfer Agent of the transfer requirements of the Fund, and the Transfer Agent will be fully protected by the Fund if it is following such transfer requirements; c. Process initial and subsequent investments from Shareholders; d. On a semi-monthly or other basis acceptable to the Transfer Agent and the Fund initiate, accept and process pre-authorized checks or, when available, electronic funds transfers drawn against Shareholders' checking accounts; e. Process and record redemption of Shares to satisfy ordinary redemptions and Plan account; f. Proportionally allocate dividends, which are provided to the Transfer Agent by the Fund in gross dollar amount, to the benefit of the Fund Shareholders entitled to receive them. The procedure used must show that the amounts allocated daily substantially balance to the gross dollar amount provided by the Fund to the Transfer Agent. Until otherwise specified by the Fund, dividends shall be in accordance with the following: Three- day accrual on Monday for the previous weekend; Two- day accrual on the first business day following a holiday or Four-day accrual if the holiday immediately precedes or follows a weekend; compatibility with the Merrill Lynch Automatxx Xxxxxxx Xxxxx Automatic Investment of Dividends System, and the issuance of all reports incidental thereto provided the Fund's method of operation is so compatible.