Orders Received After 4:00 pm Eastern Time. Orders derived from Instructions received by Broker/Dealer after the Close of Trading on any Business Day (“Day 1”) shall be transmitted by Broker/Dealer via the NSCC Fund/SERV system for receipt by the Distributor by 5:00 a.m. Eastern Time on the second Business Day following Day 1 (“Day 3”) (such orders are referred to herein as “Day 2 Trades”). Day 2 Trades shall be effected at the net asset value of the applicable Fund’s Shares calculated as of the Close of Trading on Day 2.
Appears in 6 contracts
Samples: Broker Dealer (FS Series Trust), Broker Dealer (FS Multi-Alternative Income Fund), Broker Dealer (FS Series Trust)
Orders Received After 4:00 pm Eastern Time. Orders derived from Instructions received by Broker/Dealer Clearing Broker after the Close of Trading on any Business Day (“Day 1”) shall be transmitted by Broker/Dealer Clearing Broker via the NSCC Fund/SERV system for receipt by the Distributor by 5:00 a.m. Eastern Time on the second Business Day following Day 1 (“Day 3”) (such orders are referred to herein as “Day 2 Trades”). Day 2 Trades shall be effected at the net asset value of the applicable Fund’s Shares calculated as of the Close of Trading on Day 2.
Appears in 1 contract
