Common use of ACH PROCESSING Clause in Contracts

ACH PROCESSING. A) Pre-Notifications o CMP will receive daily from Transfer Agent pre-notifications in ACH format to be forwarded pursuant to ACH processing guidelines. B) ACH Credits Initiated by other Financial Institutions ("Direct --------------------------------------------------------------- Deposit") --------- o Credits would be received by CMP and electronically transmitted to Transfer Agent as received. The Account for the respective funds will be credited with funds on settlement date by CMP. C) ACH Credit Initiated by CMP (Shareholder Liquidations) ------------------------------------------------------ o Transfer Agent will transmit a properly formatted file to CMP.

ACH PROCESSING. A) Pre-Notifications o CMP will receive daily from Transfer Agent pre-notifications in ACH format to be forwarded pursuant to ACH processing guidelines. B) ACH Credits Initiated by other Financial Institutions ("Direct --------------------------------------------------------------- Deposit") --------- o Credits would be received by CMP and electronically transmitted to Transfer Agent as received. The Account for the respective funds will be credited with funds on settlement date by CMP. C) ACH Credit Initiated by CMP (Shareholder Liquidations) ------------------------------------------------------ o Transfer Agent will transmit a properly formatted file to CMP.

ACH PROCESSING. A) Pre-Notifications ----------------- o CMP will receive daily from Transfer Agent pre-notifications in ACH format to be forwarded pursuant to ACH processing guidelines. B) ACH Credits Initiated by other Financial Institutions ("Direct --------------------------------------------------------------- Deposit") --------- o Credits would be received by CMP and electronically transmitted to Transfer Agent as received. The Account for the respective funds will be credited with funds on settlement date by CMP. C) ACH Credit Initiated by CMP (Shareholder Liquidations) ------------------------------------------------------ o Transfer Agent will transmit a properly formatted file to CMP.