Common use of Processing Redemptions Clause in Contracts

Processing Redemptions. Upon receipt of all necessary information and documentation relating to a redemption, the Transfer Agent will issue to the Custodian an advice setting forth the number of Shares of the Fund received by the Transfer Agent for redemption and that such shares are valid and in good standing for redemption. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of such Shares, pay such moneys to the Shareholder, his authorized agent or legal representative.

Processing Redemptions. Upon receipt of all necessary information and documentation relating to a redemption, the Transfer Agent will issue to the Custodian an advice setting forth the number of Shares of the Fund received by the Transfer Agent for redemption and that such shares are valid and in good standing form for redemption. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of such Shares, pay such moneys to the Shareholder, his authorized agent or legal representative.

Processing Redemptions. Upon receipt of all necessary information and documentation relating to a redemption, the Transfer Agent will issue to the Custodian an advice setting forth the number of Shares of the Fund Company received by the Transfer Agent for redemption and that such shares are valid and in good standing form for redemption. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of such Shares, pay such moneys to the Shareholder, his authorized agent or legal representative.

Processing Redemptions. Upon receipt of all necessary information and documentation relating to a redemption, the Transfer Agent will issue to the Custodian an advice setting forth the number of Shares of the Fund Trust received by the Transfer Agent for redemption and that such shares are valid and in good standing form for redemption. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of such Shares, pay such moneys to the Shareholder, his authorized agent or legal representative.

Processing Redemptions. Upon receipt of all necessary information and documentation relating to a redemption, the Transfer Agent will issue to the Custodian an advice setting forth the number of Shares of the Fund received by the Transfer Agent for redemption and that such shares are valid and in good standing form for redemption. The Transfer Agent shall, upon receipt of the moneys paid to it by the Custodian for the redemption of such Shares, pay such moneys to the Shareholder, his authorized agent or legal representative. 11.