Common use of Redemption Drafts; Shareholder Information Clause in Contracts

Redemption Drafts; Shareholder Information. (a) Each Fund shall be entitled to supply its Shareholders with redemption drafts, but only in a form and substance agreed to by the Bank. The Bank agrees to give each Fund sixty (60) days prior notice of any changes to the form or substance of redemption drafts required by the Bank, provided that if such change is required by applicable rules or procedures of the Federal Reserve or any clearinghouse through which such drafts may be presented, the Bank may give less than sixty (60) days prior notice of such change. Any such notice shall be given promptly by the Bank.

Appears in 2 contracts

Samples: Cash Management and Related Services Agreement (Institutional Investors Capital Appreciation Fund Inc), Management and Related Services Agreement (MSB Fund Inc)

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