Date Funds Clause Samples
The Date Funds clause establishes the specific date on which funds must be provided or made available under an agreement. In practice, this clause sets a clear deadline for the transfer of money, such as the payment of a purchase price, loan disbursement, or settlement amount, and may specify the method or conditions for the release of funds. Its core function is to ensure all parties are aligned on the timing of financial transactions, thereby reducing the risk of disputes or delays related to payment obligations.
Date Funds. Current RetirementReady Waiver: Through November 30, 2021 (November 30, 2030 in the case of ▇▇▇▇▇▇ RetirementReady® 2060 Fund), or, if sooner, such other date immediately preceding the date that the New RetirementReady Waiver (as described below) goes into effect, ▇▇▇ agrees to reimburse each ▇▇▇▇▇▇ RetirementReady Fund for all other expenses – exclusive of payments under the fund’s distribution plans, brokerage, interest, taxes, investment-related expenses, extraordinary expenses, acquired fund fees and expenses and payments under the fund’s investor servicing contract.