Redemption Draft Returns. A Fund may give the Bank Oral or Written Instructions from time to time to return unpaid redemption drafts of the Fund to the presenting financial institution for any reason, and the Bank shall use reasonable efforts to comply with such Oral or Written Instructions provided that such compliance would not prejudice or impair any rights or privileges of the Bank under prevailing draft return procedures and would not be contrary to prevailing industry rules, procedures, customs or practices. Notwithstanding the foregoing, or any other provision in this Agreement or Schedule I hereto, the Bank (i) may return redemption drafts with unauthorized or missing signatures to the presenting financial institution in accordance with prevailing banking industry draft return procedures, and (ii) shall have no obligation to request Oral or Written Instructions from a Fund with respect to any redemption drafts.
Appears in 6 contracts
Samples: Management and Related Services Agreement (Milestone Funds), Management and Related Services Agreement (Tuscarora Investment Trust), Management and Related Services Agreement (MSB Fund Inc)
Redemption Draft Returns. A Fund The Group, on behalf of a Fund, may give the Bank Oral or Written Instructions from time to time to return unpaid redemption drafts of the Fund to the presenting financial institution for any reason, and the Bank shall use reasonable efforts to comply with such Oral or Written Instructions provided that such compliance would not prejudice or impair any rights or privileges of the Bank under prevailing draft return procedures and would not be contrary to prevailing industry rules, procedures, customs or practices. Notwithstanding the foregoing, or any other provision in this Agreement or Schedule I the Schedules hereto, the Bank (i) may return redemption drafts with unauthorized or missing signatures to the presenting financial institution in accordance with prevailing banking industry draft return procedures, and (ii) shall have no obligation to request Oral or Written Instructions from a Fund with respect to any redemption drafts.
Appears in 5 contracts
Samples: Management and Related Services Agreement (Sessions Group), Management and Related Services Agreement (Sessions Group), Management and Related Services Agreement (Sessions Group)
Redemption Draft Returns. A Fund may give the Bank Oral or Written Instructions from time to time to return unpaid redemption drafts of the Fund to the presenting financial institution for any reason, and the Bank shall use reasonable efforts to comply with such Oral or Written Instructions provided that any such compliance would not prejudice or impair any rights or privileges of the Bank under prevailing draft return procedures and would not be contrary to prevailing industry rules, procedures, customs or practices. Notwithstanding the foregoing, or any other provision in this Agreement or Schedule I the Schedules hereto, the Bank (i) may return redemption drafts with unauthorized or missing signatures to the presenting financial institution in accordance with prevailing banking industry draft return procedures, and (ii) shall have no obligation to request Oral or Written Instructions from a Fund with respect to any redemption drafts.
Appears in 4 contracts
Samples: Services Agreement (Battery Park Funds Inc), Cash Management and Related Services Agreement (Bny Hamilton Funds Inc), Milestone Funds
Redemption Draft Returns. A Fund The Trust, on behalf of a Fund, may give the Bank Oral or Written Instructions from time to time to return unpaid redemption drafts of the Fund to the presenting financial institution for any reason, and the Bank shall use reasonable efforts to comply with such Oral or Written Instructions provided that such compliance would not prejudice or impair any rights or privileges of the Bank under prevailing draft return procedures and would not be contrary to prevailing industry rules, procedures, customs or practices. Notwithstanding the foregoing, or any other provision in this Agreement or Schedule I the Schedules hereto, the Bank (i) may return redemption drafts with unauthorized or missing signatures to the presenting financial institution in accordance with prevailing banking industry draft return procedures, and (ii) shall have no obligation to request Oral or Written Instructions from a Fund with respect to any redemption drafts.
Appears in 1 contract
Samples: Management and Related Services Agreement (Governor Funds)