Plan Orders Sample Clauses
Plan Orders. For purposes of processing the Orders of retirement plans for which The ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Trust Company (“CSTC”) is trustee or custodian of plan assets (“Plans”), Schwab shall designate and authorize CSTC as its intermediary to receive Orders from Plans (“Plan Orders”) on the Fund’s behalf under Section 2.b. above. For purposes of same day exchange processing of Plan Orders for those Plans electing to participate, Schwab shall also designate and authorize the entities acting as record-keepers to such Plans (“Recordkeepers”), as further intermediaries, to receive instructions for purchase and redemption of Fund shares in proper form from the persons authorized to direct investment of Plan assets (“Instructions”), from which are derived Orders (also “Plan Orders”), on the Fund’s behalf under Section 2.b. above. The parties agree that Plan Orders shall be treated as Orders under the Operating Procedures except as set forth in Section 4 below.
Plan Orders. For purposes of processing the Orders of Plans participating in ▇▇▇▇▇▇'▇ same day exchange program, Schwab shall designate CSTC and Recordkeepers to receive instructions in proper form prior to Market Close from the persons authorized to direct investment of Plan assets ("Instructions") and to derive from such Instructions orders for purchase or redemption of Fund Shares ("Plan Orders") for transmission to the Funds after Market Close. The parties agree that Plan Orders shall be treated as Orders under the Operating Agreement except as set forth in this Amendment.