Level 3 networked accounts definition

Level 3 networked accounts means accounts of shareholders/beneficial owners of the Funds/Shares subject to the National Securities Clearing Corporation (“NSCC”) Networking service Level 3.
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Level 3 networked accounts means accounts of shareholders/beneficial owners of the Funds/Shares subject to the National Securities Clearing Corporation Networking service Level 3. Receipt in “good order” shall mean that all documentation, information, date and time stamps, signatures, and signature guarantees are complete, accurate and legible, and have otherwise been obtained and/or verified to the reasonable satisfaction of the Fund, the Fund’s transfer agent, Distributor or the Fund’s investment manager, Pacific Investment Management Company LLC, in a manner consistent with industry standards and practices, and are compliant with all requirements of Fund policies, applicable laws, rules and regulations pertaining thereto.
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Level 3 networked accounts means accounts of shareholders/beneficial owners of the Funds/Shares subject to the National Securities Clearing Corporation Networking service Level 3. Notwithstanding the foregoing, Distributor may not provide Price Protection with respect to an Order if Distributor or the applicable Interval Fund determines that providing such Price Protection would result in the pro ration or reprocessing of any shareholder’s repurchase request already accepted or would have an adverse effect on the Interval Fund or its shareholders. Receipt in “good order” shall mean that all documentation, information, date and time stamps, signatures, and signature guarantees are complete, accurate and legible, and have otherwise been obtained and/or verified to the reasonable satisfaction of the Fund, the Fund’s transfer agent, Distributor or the Fund’s investment manager, Pacific Investment Management Company LLC, in a manner consistent with industry standards and practices, and are compliant with all requirements of Fund policies, applicable laws, rules and regulations pertaining thereto.
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Examples of Level 3 networked accounts in a sentence

  • Sub-Account Services provided in respect of shareholders who hold Shares through omnibus accounts or in Level 3 networked accounts shall be the responsibility of Intermediary or Indirect Intermediary and shall not be the responsibility of the Companies, Transfer Agent, Distributor or Administrator.

  • Sub-Account Services provided in respect of Platform Investors who hold Shares through omnibus accounts or in Level 3 networked accounts shall be the responsibility of Servicer and shall not be the responsibility of the Companies, Transfer Agent, Distributor or Administrator.

  • Sub-Account Services provided in respect of shareholders who hold Shares through omnibus accounts or in Level 3 networked accounts shall be the responsibility of Bank or Indirect Intermediary and shall not be the responsibility of the Companies, Transfer Agent, Distributor or Administrator.