Common use of Wiring of Funds Clause in Contracts

Wiring of Funds. In the case of a net purchase order, the Company shall remit to the Transfer Agent the exact amount of requisite funds to cover such order by Federal Fund wire by 4:00 p.m. Eastern Time on the Business Day on which the transmission containing the net purchase order is transmitted to the Transfer Agent or, if such day is not a Business Day, on the next Business Day (the "Settlement Date"). If the Company becomes aware that the Transfer Agent may not receive, prior to the Market Close on the Settlement Date, a wire transfer relating to a net purchase order, the Company shall promptly inform the Transfer Agent of the facts and circumstances thereof and shall cooperate with the Transfer Agent with the goal of the Transfer Agent receiving such purchase proceeds as soon as reasonably possible. Notwithstanding the immediately preceding sentence, if a wire transfer relating to an aggregate purchase order is not received by the Transfer Agent prior to Market Close on the appropriate Settlement Date, the Transfer Agent reserves the right to: redeem the shares for which payment has not been received on any Business Day subsequent to the appropriate Settlement Date if (A) the Transfer Agent has further notified the Company by no later than 12:00 noon Eastern Time on the Business Day following the Settlement Date that the Transfer Agent still has not received the delayed wire transfer relating to the net purchase order and (B) the Transfer Agent still has not received the delayed wire by one hour prior to Market Close on such subsequent Business Day. In the case of a net redemption order, the Transfer Agent shall initiate instructions with sufficient time to enable the sending bank to remit to the Company the exact amount of requisite funds to cover such order by Federal Fund wire sent by the Transfer Agent by 4:00 p.m. Eastern Time on the Business Day that the transmission containing the net redemption order is received by the Transfer Agent or, if such day is not a Business Day, on the next Business Day; provided, however, that in the event that the Company's account in a Fund is redeemed in full such that it will have a zero balance on such Business Day, the Transfer Agent reserves the right to wire, or to cause to be wired, the redemption proceeds within the time frame set forth in the applicable Fund prospectus. If the Transfer Agent becomes aware that the Company may not receive the wire transfer relating to a net redemption order by 4:00 p.m. Eastern Time on the appropriate date, the Transfer Agent shall promptly inform the Company of the facts and circumstances thereof and shall cooperate with the Company with the goal of the Company receiving such proceeds as soon as reasonably possible.

Wiring of Funds. In the case of a net purchase order, the Company shall remit to the Transfer Agent AGIS the exact amount of requisite funds to cover such order by Federal Fund Funds wire by 4:00 p.m. Eastern Time on the Business Day on which the transmission containing the net purchase order is transmitted to the Transfer Agent Alliance Funds or, if such day is not a Business Day, on the next Business Day (the "Settlement Date"). If the Company becomes aware that the Transfer Agent AGIS may not receive, prior to the Market Close on the Settlement Date, a wire transfer relating to a net purchase order, the Company shall promptly inform the Transfer Agent AGIS of the facts and circumstances thereof and shall cooperate with the Transfer Agent AGIS with the goal of the Transfer Agent AGIS receiving such purchase proceeds as soon as reasonably possible. Notwithstanding the immediately preceding sentence, if a wire transfer relating to an aggregate purchase order is not received by the Transfer Agent AGIS prior to Market Close on the appropriate Settlement Date, the Transfer Agent AGIS reserves the right to: to (i) charge the Company interest on the amount of the delayed wire as provided below or (ii) redeem the shares for which payment has not been received on any Business Day subsequent to the appropriate Settlement Date if (A) the Transfer Agent AGIS has further notified the Company by no later than 12:00 noon Eastern Time on the Business Day following the Settlement Date that the Transfer Agent AGIS still has not received the delayed wire transfer relating to the net purchase order and (B) the Transfer Agent AGIS still has not received the delayed wire by one hour prior to Market Close on such subsequent Business Day. In the case of a net redemption order, the Transfer Agent AGIS shall initiate instructions with sufficient time remit or cause to enable the sending bank to remit be remitted to the Company the exact amount of requisite funds to cover such order by Federal Fund Funds wire sent by the Transfer Agent Alliance Funds by 4:00 p.m. Eastern Time on the Business Day that the transmission containing the net redemption order is received by the Transfer Agent AGIS or, if such day is not a Business Day, on the next Business Day; provided, however, that in the event that the Company's account in a Fund is redeemed in full such that it will have a zero balance on such Business Day, the Transfer Agent AGIS reserves the right to wire, or to cause to be wired, the redemption proceeds within the time frame set forth in the applicable Fund prospectus. If the Transfer Agent AGIS becomes aware that the Company may not receive the wire transfer relating to a net redemption order by 4:00 p.m. Eastern Time on the appropriate date, the Transfer Agent AGIS shall promptly inform the Company of the facts and circumstances thereof and shall cooperate with the Company with the goal of the Company receiving such proceeds as soon as reasonably possible. If such wire transfer is not received by the Company on the appropriate date, AGIS shall pay the Company interest on the amount of the delayed wire as provided below. In the event that a wire is delayed, the interest owed shall be deemed to be the interest cost on the delayed funds until paid, charged at the Federal Funds "offered" rate as published by The Wall Street Journal.

Wiring of Funds. In the case of a net purchase order, the Company shall remit to the Transfer Agent LFSI the exact amount of requisite funds to cover such order by Federal Fund Funds wire by 4:00 p.m. Eastern Time on the Business Day on which the transmission containing the net purchase order is transmitted to the Transfer Agent LFSI or, if such day is not a Business Day, on the next Business Day (the "Settlement Date"). If the Company becomes aware that the Transfer Agent LFSI may not receive, prior to the Market Close on the Settlement Date, a wire transfer relating to a net purchase order, the Company shall promptly inform the Transfer Agent LFSI of the facts and circumstances thereof and shall cooperate with the Transfer Agent LFSI with the goal of the Transfer Agent LFSI receiving such purchase proceeds as soon as reasonably possible. Notwithstanding the immediately preceding sentence, if a wire transfer relating to an aggregate purchase order is not received by the Transfer Agent LFSI prior to Market Close on the appropriate Settlement Date, the Transfer Agent LFSI reserves the right to: to (i) charge the Company interest on the amount of the delayed wire as provided below or (ii) redeem the shares for which payment has not been received on any Business Day subsequent to the appropriate Settlement Date if (A) the Transfer Agent LFSI has further notified the Company by no later than 12:00 noon Eastern Time on the Business Day following the Settlement Date that the Transfer Agent LFSI still has not received the delayed wire transfer relating to the net purchase order and (B) the Transfer Agent LFSI still has not received the delayed wire by one hour prior to Market Close on such subsequent Business Day. In the case of a net redemption order, the Transfer Agent LFSI shall initiate instructions with sufficient time remit or cause to enable the sending bank to remit be remitted to the Company the exact amount of requisite funds to cover such order by Federal Fund Funds wire sent by the Transfer Agent LFSI by 4:00 p.m. Eastern Time on the Business Day that the transmission containing the net redemption order is received by the Transfer Agent LFSI or, if such day is not a Business Day, on the next Business Day; provided, however, that in the event that the Company's account in a Fund is redeemed in full such that it will have a zero balance on such Business Day, the Transfer Agent LFSI reserves the right to wire, or to cause to be wired, the redemption proceeds within the time frame set forth in the applicable Fund prospectus. If the Transfer Agent LFSI becomes aware that the Company may not receive the wire transfer relating to a net redemption order by 4:00 p.m. Eastern Time on the appropriate date, the Transfer Agent LFSI shall promptly inform the Company of the facts and circumstances thereof and shall cooperate with the Company with the goal of the Company receiving such proceeds as soon as reasonably possible. If such wire transfer is not received by the Company on the appropriate date, LFSI shall pay the Company interest on the amount of the delayed wire as provided below. In the event that a wire is delayed, the interest owed shall be deemed to be the interest cost on the delayed funds until paid, charged at the Federal Funds "offered" rate as published by The Wall Street Journal.

Wiring of Funds. In the case of a net purchase order, the Company shall remit or cause to the Transfer Agent be remitted to Vanguard the exact amount of requisite funds to cover such order by Federal Fund Funds wire by 4:00 p.m. Eastern Time on the next Business Day on which the transmission containing after the net purchase order is transmitted to received by the Transfer Agent or, if such day is not a Business Day, on Company in accordance with the next Business Day provisions of Sections 3(b) and (d) hereof (the "Settlement Date"). If the Company becomes aware that the Transfer Agent may not receive, prior to the Market Close on the Settlement Date, a wire transfer relating to a net purchase order, the Company shall promptly inform the Transfer Agent of the facts and circumstances thereof and shall cooperate with the Transfer Agent with the goal of the Transfer Agent receiving such purchase proceeds as soon as reasonably possible. Notwithstanding the immediately preceding sentence, if a wire transfer relating to an aggregate purchase order is not received by the Transfer Agent Vanguard prior to Market Close on the appropriate Settlement Date, the Transfer Agent Vanguard reserves the right to: to (i) charge the Company interest on the amount of the delayed wire as provided below or (ii) redeem the shares for which payment has not been received on any Business Day subsequent to the appropriate Settlement Date if (A) the Transfer Agent has further notified the Company by no later than 12:00 noon Eastern Time on the Business Day following the Settlement Date that the Transfer Agent still has not received the delayed wire transfer relating to the net purchase order and (B) the Transfer Agent still has not received the delayed wire by one hour prior to Market Close on such subsequent Business Dayreceived. In the case of a net redemption order, the Transfer Agent Vanguard shall initiate instructions with sufficient time remit or cause to enable the sending bank to remit be remitted to the Company or its designee the exact amount of requisite funds to cover such order by Federal Fund Funds wire sent by the Transfer Agent Vanguard by 4:00 p.m. Eastern Time on the next Business Day that the transmission containing after the net redemption order is received by the Transfer Agent or, if such day is not a Business Day, on Company in accordance with the next Business Dayprovisions of Sections 3(b) and (d) hereof; provided, however, that in the event that the CompanyPlan's account in a Fund is redeemed in full such that it will have a zero balance on such Business Day, the Transfer Agent Vanguard reserves the right to wire, or to cause to be wired, the redemption proceeds within the time frame set forth in the applicable Fund prospectus. If the Transfer Agent becomes aware that net redemption proceeds are not received by the Company may not receive the wire transfer relating to a net redemption order or its designee by 4:00 p.m. Eastern Time Market Close on the appropriate dateSettlement Date, Vanguard shall pay the Company or its designee interest on the amount of the delayed wire as provided below. In the event that a wire is delayed, the Transfer Agent interest owed shall promptly inform be deemed to be the Company of interest cost on the facts and circumstances thereof and shall cooperate with delayed funds until paid, charged at the Company with the goal of the Company receiving such proceeds Federal Funds "offered" rate as soon as reasonably possiblepublished by The Wall Street Journal.

Wiring of Funds. In the case of a net purchase order, the Company shall remit to the Transfer Agent Vanguard the exact amount of requisite funds to cover such order by Federal Fund Funds wire by 4:00 p.m. Eastern Time on the Business Day on which the transmission containing the net purchase order is transmitted to the Transfer Agent Vanguard or, if such day is not a Business Day, on the next Business Day (the "Settlement Date"). If the Company becomes aware that the Transfer Agent Vanguard may not receive, prior to the Market Close on the Settlement Date, a wire transfer relating to a net purchase order, the Company shall promptly inform the Transfer Agent Vanguard of the facts and circumstances thereof and shall cooperate with the Transfer Agent Vanguard with the goal of the Transfer Agent Vanguard receiving such purchase proceeds as soon as reasonably possible. Notwithstanding the immediately preceding sentence, if a wire transfer relating to an aggregate purchase order is not received by the Transfer Agent Vanguard prior to Market Close on the appropriate Settlement Date, the Transfer Agent Vanguard reserves the right to: to (i) charge the Company interest on the amount of the delayed wire as provided below or (ii) redeem the shares for which payment has not been received on any Business Day subsequent to the appropriate Settlement Date if (A) the Transfer Agent Vanguard has further notified the Company by no later than 12:00 noon Eastern Time on the Business Day following the Settlement Date that the Transfer Agent Vanguard still has not received the delayed wire transfer relating to the net purchase order and (B) the Transfer Agent Vanguard still has not received the delayed wire by one hour prior to Market Close on such subsequent Business Day. In the case of a net redemption order, the Transfer Agent Vanguard shall initiate instructions with sufficient time remit or cause to enable the sending bank to remit be remitted to the Company the exact amount of requisite funds to cover such order by Federal Fund Funds wire sent by the Transfer Agent Vanguard by 4:00 p.m. Eastern Time on the Business Day that the transmission containing the net redemption order is received by the Transfer Agent Vanguard or, if such day is not a Business Day, on the next Business Day; provided, however, that in the event that the Company's account in a Fund is redeemed in full such that it will have a zero balance on such Business Day, the Transfer Agent Vanguard reserves the right to wire, or to cause to be wired, the redemption proceeds within the time frame set forth in the applicable Fund prospectus. If the Transfer Agent Vanguard becomes aware that the Company may not receive the wire transfer relating to a net redemption order by 4:00 p.m. Eastern Time on the appropriate date, the Transfer Agent Vanguard shall promptly inform the Company of the facts and circumstances thereof and shall cooperate with the Company with the goal of the Company receiving such proceeds as soon as reasonably possible. If such wire transfer is not received by the Company on the appropriate date, Vanguard shall pay the Company interest on the amount of the delayed wire as provided below. In the event that a wire is delayed, the interest owed shall be deemed to be the interest cost on the delayed funds until paid, charged at the Federal Funds "offered" rate as published by The Wall Street Journal.