Common use of Processing and Procedures Clause in Contracts

Processing and Procedures. (i) Transfer Agent agrees to accept purchase orders and repurchase requests with respect to the Shares of the Fund via postal mail, telephone, electronic delivery or personal delivery on each Fund Business Day in accordance with the Fund’s Prospectus; provided, however, that Transfer Agent shall only accept purchase orders from jurisdictions in which the Shares are qualified for sale, as indicated from time to time by the Fund (including by virtue of any Instruction to UMB Fund Services, Inc. in its role as a blue sky services provider) or pursuant to an Instruction. Transfer Agent shall, as of the time at which the net asset value (“NAV”) of the Fund is computed on each Fund Business Day, issue to the accounts specified in a purchase order or repurchase request in good order and accepted by the Fund the appropriate number of full and fractional Shares based on the NAV per Share of the Fund specified in a communication received on such Fund Business Day from or on behalf of the Fund. Transfer Agent shall redeem from accounts any Shares tendered for repurchase in accordance with procedures stated in the Fund’s Prospectus or pursuant to an Instruction. Transfer Agent shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Transfer Agent shall be entitled to rely upon such written notification. Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer (“ACH”) or such other methods to which the parties shall mutually agree.

Processing and Procedures. (i) Transfer Agent UMBFS agrees to accept purchase orders and repurchase redemption requests with respect to the Shares of the each Fund via postal mail, telephone, electronic delivery or personal delivery on each Fund Business Day in accordance with the such Fund’s Prospectus; provided, however, that Transfer Agent UMBFS shall only accept purchase orders from jurisdictions in which the Shares are qualified for sale, as indicated from time to time by the Fund (including by virtue of any Instruction to UMB Fund Services, Inc. in its role as a blue sky services provider) Transfer Agent or the Corporation or pursuant to an Instruction. Transfer Agent UMBFS shall, as of the time at which the net asset value (“NAV”) of the each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or repurchase redemption request in good order proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the NAV per Share of the respective Fund specified in a communication received on such Fund Business Day from or on behalf of the Fund. Transfer Agent shall redeem from accounts any Shares tendered for repurchase in accordance with procedures stated in the Fund’s Prospectus or pursuant to an Instruction. Transfer Agent UMBFS shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Transfer Agent UMBFS shall be entitled to rely upon such written notification. Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer (“ACH”) or such other methods to which the parties shall mutually agree.

Processing and Procedures. (i) Transfer Agent agrees to accept purchase orders and repurchase redemption requests with respect to the Shares of the each Fund via postal mail, telephone, electronic delivery or personal delivery on each Fund Business Day in accordance with the such Fund’s Prospectus; provided, however, that Transfer Agent shall only accept purchase orders from jurisdictions in which the Shares are qualified for sale, as indicated from time to time by the Fund Trust (including by virtue of any Instruction to the UMB Fund Services, Inc. in its role as a blue sky services provider) or pursuant to an Instruction. Transfer Agent shall, as of the time at which the net asset value (“NAV”) of the each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or repurchase redemption request in good order and accepted by the Fund by virtue of being in good order and having fulfilled any other applicable requirements the appropriate number of full and fractional Shares based on the NAV per Share of the respective Fund specified in a communication received on such Fund Business Day from or on behalf of the Fund. Transfer Agent shall redeem from accounts any Shares tendered for repurchase in accordance with procedures stated in the Fund’s Prospectus or pursuant to an Instruction. Transfer Agent shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Transfer Agent shall be entitled to rely upon such written notification. Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer (“ACH”) ), in-kind subscription or such other methods to which the parties shall mutually agree.