Common use of CASH REDEMPTIONS Clause in Contracts

CASH REDEMPTIONS. In the event that, in the sole discretion of the Fund, cash redemptions are permitted or required by the Fund, proceeds will be paid to the Participant redeeming shares on behalf of the redeeming investor as soon as practicable after the date of redemption (within seven calendar days thereafter, except for the instances listed in Appendix B of the statement of additional information where more than seven calendar days would be needed).

Appears in 3 contracts

Samples: Authorized Participant Agreement (Webs Index Fund Inc), Authorized Participant Agreement (Foreign Fund Inc), Authorized Participant Agreement (Foreign Fund Inc)

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CASH REDEMPTIONS. In the event that, in the sole discretion of the FundTrust, cash redemptions are permitted or required by the FundTrust, proceeds will be paid to the Participant redeeming shares on behalf of the redeeming investor as soon as practicable after the date of redemption (within seven calendar days thereafter, except for the instances listed in Appendix B of the statement of additional information where more than seven calendar days would be needed).

Appears in 1 contract

Samples: Authorized Participant Agreement (AdvisorShares Trust)

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CASH REDEMPTIONS. In the event that, in the sole discretion of the Fund, ---------------- cash redemptions are permitted or required by the Fund, proceeds will be paid to the Participant redeeming shares on behalf of the redeeming investor investors as soon as practicable after the date of redemption (within seven calendar days thereafter, except for the instances listed in Appendix B of the Fund's statement of additional information where more than seven calendar days would be needed).

Appears in 1 contract

Samples: Authorized Participant Agreement (Ishares Inc)

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