ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. A. UMBFS agrees to accept purchase orders and redemption requests with respect to the Shares of each Fund via postal mail, telephone or personal delivery on each Fund Business Day in accordance with such Fund's Prospectus; provided, however, that UMBFS shall only accept purchase orders from states in which the Shares are qualified for sale, as indicated from time to time by the Trust. UMBFS shall, as of the time at which the net asset value of each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or redemption request in proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the net asset value per Share of the respective Fund specified in an advice received on such Fund Business Day from or on behalf of the Fund. UMBFS shall not be responsible for the payment of any original issue or other taxes required to be paid by the Trust in connection with the issuance of any Shares in accordance with this Agreement. UMBFS shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and UMBFS shall be entitled to rely upon such written notification. Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer or such other methods to which the parties shall mutually agree.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent shall accept with respect to the Fund's Shares on each Fund Business Day, at such times as are specified in the Prospectus and at such other times as are agreed upon from time to time by the Transfer Agent and the Fund, each (i) purchase order received from a purchaser, or shareholder, whether or not an Approved Institution, and (ii) redemption request either received from a shareholder or an Approved Institution, or contained in a Certificate, provided that such purchase order or redemption request, as the case may be, is in conformity with the Fund's purchase and redemption procedures described in the Prospectus.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 5.1. (a) On each Business Day, the Transfer Agent shall accept, at such time as are agreed upon from time to time by the Transfer Agent and the Fund, (i) purchase orders received by the Transfer Agent directly from an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution) or an individual investor, (ii) redemption requests either received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, and (iii) requests for exchanges of the Fund's Shares of a given class for Shares of another fund received from a shareholder, whether or not an Approved Institution (or the Distributor or its agent acting on behalf of such Approved Institution), or contained in a Certificate, provided that (1) such purchase order, exchange request or redemption request, as the case may be, is in conformity with the Fund's purchase, exchange, and redemption procedures, as applicable, described in the Prospectus, and (2) if such type of purchase order, exchange request, or redemption request is not described in the Prospectus in effect upon the commencement date of the Agreement, the Transfer Agent has agreed to accept and act as to such order or request. Upon receipt on any Business Day of any check drawn or endorsed to the Transfer Agent, the Fund or the Distributor for the purchase of Shares, or any payment made by Automated Clearing House or Federal Funds wire, the Transfer Agent shall deposit such check or payment in the bank account established by the Fund or the Distributor for the collection of such amounts and shall wire such amounts to the Fund's Custodian on the next Business Day. The Transfer Agent shall have no responsibility hereunder for the Fund's compliance with states securities registration laws ("Blue Sky laws") relating to such purchase orders, except to the extent that the Transfer Agent will maintain records in a manner that will enable the Fund to monitor the total number of Shares of the Fund sold in each state and shall provide the Fund reports as to such sales as specified in Appendix B to this Agreement.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent acknowledges that it has received a copy of the Fund's Prospectus, which Prospectus describes how sales and redemption of Shares of the Fund shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Shares on each Fund Business Day in accordance with such Prospectus. The Fund agrees to provide the Transfer Agent with sufficient advance notice to enable the Transfer Agent to effect any changes in the procedures set forth in the Prospectus regarding such purchase and redemption procedure; provided, however, that in no event will such advance notice be less than thirty (30) days.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent acknowledges that it has received a copy of the Fund's Prospectus, which Prospectus describes how sales and redemption of Shares of the Fund shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Shares on each Fund Business Day in accordance with such Prospectus. The Fund agrees to provide the Transfer Agent with sufficient advance notice to enable the Transfer Agent to effect any changes in the procedures set forth in the Prospectus regarding such purchase and redemption procedure; provided, however, that in no event will such advance notice be less than thirty (30) days. (b) The Transfer Agent shall also accept with respect to each Fund Business Day, at such times as are agreed upon from time to time by the Transfer Agent and the Fund, a computer tape or electronic data transmission consistent in all respects with the Transfer Agent's record format, as amended from time to time, which is believed by the Transfer Agent to be furnished by or on behalf of any Approved Institution. The Transfer Agent shall not be liable for any losses or damages to the Fund or its shareholders in the event that a computer tape or electronic data transmission from an Approved Institution is unable to be processed for any reason beyond the control of the Transfer Agent, or if any of the information on such tape or transmission is found to be incorrect.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. A. Sunstone agrees to accept purchase orders and redemption requests with respect to the Shares of each Fund on each Fund Business Day in accordance with such Fund's Prospectus; provided, however, that Sunstone shall only accept purchase orders from states in which the Shares are registered, as indicated from time to time by the Trust. Sunstone shall, as of the time at which the net asset value of each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or redemption request in proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the net asset value per Share of the respective Fund specified in an advice received on such Fund Business Day from or on behalf of the Fund. Sunstone shall not be responsible for the payment of any original issue or other taxes required to be paid by the Trust in connection with the issuance of any Shares in accordance with this Agreement. Sunstone shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Sunstone shall be entitled to rely upon such written notification.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 1. Sunstone acknowledges that it has received a copy of each Fund's Prospectus (as hereinafter defined), which Prospectus describes how sales and redemptions of shares of each Fund shall be made and Sunstone agrees to accept purchase orders and redemption requests with respect to Fund shares on each Fund Business Day in accordance with such Prospectus. "Fund Business Day" shall be deemed to be each day on which the New York Stock Exchange is open for trading, and "
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. The Transfer Agent shall follow the procedures for the issuance, redemption and transfer of Shares set forth in this Section 3:
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. 1. The Transfer Agent acknowledges that it has received a copy of the Company's Prospectuses with respect to its currently authorized Funds and Classes of Shares, which Prospectuses describe how sales and redemption of Shares of the Company shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Company Shares on each Company Business Day in accordance with such Prospectuses. The Company agrees to notify the Transfer Agent as soon as possible under the circumstances of any changes in the procedures set forth in the Prospectus regarding such purchase and redemption procedures.
ISSUANCE, REDEMPTION AND TRANSFER OF SHARES. A. UMBFS agrees to accept purchase orders and redemption requests with respect to the Shares of each Fund on each Fund Business Day in accordance with such Fund’s Prospectus; provided, however, that UMBFS shall only accept purchase orders from states in which the Shares are registered, as indicated from time to time by the Trust. UMBFS shall, as of the time at which the net asset value of each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or redemption request in proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the net asset value per Share of the respective Fund specified in an advice received on such Fund Business Day from or on behalf of the Fund. UMBFS shall not be responsible for the payment of any original issue or other taxes required to be paid by the Trust in connection with the issuance of any Shares in accordance with this Agreement. UMBFS shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and UMBFS shall be entitled to rely upon such written notification.
