Common use of Redemption Orders Clause in Contracts

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Fund, Chase shall on each business day notify the Fund of the total number of shares presented and covered by such requests received by Chase on such day; (ii) on or prior to the seventh calendar day succeeding any such requests received by Chase, Chase shall notify the Custodian, subject to instructions from the Fund, to transfer monies to such account as designated by Chase for such payment to the redeeming shareholder of the applicable redemption or repurchase price; and (iii) if any such certificate or request for redemption or repurchase does not comply with applicable standards, Chase shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Portfolio's price next determined after receipt of documents complying with said standards or, at such other time as the Fund shall so direct.

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Fund, Chase shall on each business day day, notify the Fund of the total number of shares presented and covered by such requests received by Chase on such day; (ii) on or prior to the seventh calendar day succeeding any such requests received by Chase, Chase shall notify the Custodian, subject to instructions from the Fund, to Chase shall transfer monies to such account as designated by Chase for such payment to the redeeming shareholder of the applicable redemption or repurchase price; and (iii) if any such certificate or request for redemption or of repurchase does not comply with applicable standards, Chase shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the PortfolioFund's price next determined after receipt of documents complying with said standards orof, at such other time as the Fund shall so direct.

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the FundTrust, Chase shall on each business day notify the Fund Trust of the total number of shares presented and covered by such requests received by Chase on such day; (ii) on or prior to the seventh calendar day succeeding any such requests received by Chase, Chase shall notify the Custodian, subject to instructions from the FundTrust, to transfer monies to such account as designated by Chase for such payment to the redeeming shareholder of the applicable redemption or repurchase price; and (iii) if any such certificate or request for redemption or repurchase does not comply with applicable standards, Chase shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Portfolio's price next determined after receipt of documents complying with said standards or, at such other time as the Fund Trust shall so direct.