Redemption of Fund Shares Sample Clauses

Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.
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Redemption of Fund Shares. 5.1 Transfer of Funds. From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Trust may designate with respect to such amount in such Proper Instructions.
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Redemption of Fund Shares. On receipt of investment payments or redemption instructions from Insurance Companies, the Transfer Agent will process the payment or redemption, confirm all transactions, and prepare and maintain all reports and records to assure the safekeeping of the Fund's assets. All shares shall be held in book entry form, and no certificate shall be issued except as has been previously issued.
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Redemption of Fund Shares. Redemptions of Class A Shares and No-Load Shares on behalf of the Advisor's Clients shall be at a price not less than the net asset value which is next computed following receipt of the request for such purchase and quoted by us, as principal underwriter for each Fund. With respect to Class B and Class C Shares, the Advisor agrees to pay such Clients the applicable net asset value per share, less any CDSC that is applicable in accordance with the then current applicable prospectus (and such CDSC shall be remitted to us). Nothing herein contained shall prevent the Advisor from selling any shares for the account of the record holder, to DD, LLC or to the Fund at such net asset value (less the appropriate CDSC, if any) in accordance with these procedures and charging the Client a fair commission for handling the transaction, as the Client's agent. If any shares sold to the Clients of the Advisor under the terms of this agreement are repurchased by the Fund, or are tendered for redemption, within seven business days after the date of our confirmation of the original purchase by the Clients of the Advisor, it is agreed that the Advisor shall forfeit the right to any commission on such sales even though the shareholder may be charged a CDSC by the Fund. DD, LLC will notify the Advisor of any such repurchase or redemption within the next ten business days after the date on which the certificate or written request for redemption is delivered to DD, LLC or to the Fund and the Advisor shall forthwith refund to DD, LLC the full amount of any concession or commission the Advisor received on such sale. DD, LLC agrees, in the event of any such repurchase or redemption, to refund to the Fund any commission retained on such sale and upon receipt from the Advisor of the commissions paid to the Advisor to pay such commissions forthwith to the Fund.
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Redemption of Fund Shares. Transfer of Funds. From such funds as may be available for the purpose in the relevant Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of a Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank as the Fund may designate with respect to such amount in such Proper Instructions. Upon effecting payment or distribution in accordance with proper Instruction, the Custodian shall not be under any obligation or have any responsibility thereafter with respect to any such paying bank.
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Redemption of Fund Shares. From such funds and securities held by a Series as may be available for the purpose but subject to the limitations of the Articles of Incorporation and any applicable votes of the Board of Directors of the Fund pursuant thereto, the Custodian shall, upon receipt of instructions from the Transfer Agent, make available for payment to Authorized Participants of Shares who have delivered to the Transfer Agent a request for redemption of their Shares which shall have been accepted by the Transfer Agent, the applicable Fund Basket (or such securities in lieu thereof as may be designated by the Adviser in accordance with the Prospectus) for such Series and the applicable cash redemption payment less any applicable cash redemption transaction fee. The Custodian will transfer the securities proceeds, in the case of the US Index Series, to or on the order of the Authorized Participant through the DTC system (as defined in the Prospectus) or, at the election of the Authorized Participant, through the CNS System of NSCC and, in the case of each other Series, will instruct the applicable Foreign Sub-custodian to transfer the Fund Basket of securities to the account of the Authorized Participant or beneficial owner in the applicable foreign jurisdiction, all as specified in such instructions. Transfers of the securities and cash redemption proceeds to or on the order of the Authorized Participant in respect of each redemption request accepted by the Fund shall be made (a) if the Authorized Participant is a broker or dealer, within the number of business days after the date of redemption specified by Rule 15c6-1 under the Exchange Act, except as may otherwise be agreed in the Authorized Participant Agreement among the Fund, the Fund's distributor, State Street, as Transfer Agent and such Authorized Participant and except for those dates of redemption and Series identified in Annex VII to such Authorized Participant Agreement, and (b) in any event within the number of calendar days permitted by Section 22(e) of the 1940 Act and the rules thereunder or as otherwise permitted under an effective order of the Securities and Exchange Commission. The cash redemption payment (less any applicable cash redemption transaction fee) due to the Authorized Participant on redemption shall be effected through DTC cash transfer facilities.
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Redemption of Fund Shares. Fund shares may be purchased and redeemed by separate accounts (“Accounts”) that fund variable annuity contracts and variable life insurance policies, including individual and group annuity and group funding agreement contracts and corporate-owned life insurance and other group life insurance policies (collectively, “variable contracts”) issued by insurance companies, including affiliated insurance companies (collectively, the “Insurance Companies”). Fund shares may also be purchased and redeemed by certain qualified pension or retirement plans (the “Qualified Plans”) and other investors as permitted by the diversification and other requirements of section 817(h) of the Internal Revenue Code of 1986, as amended and the underlying U.S. Treasury Regulations. Class IC shares are currently only sold to variable annuity and variable life insurance separate accounts of the Insurance Companies. Each Fund has authorized the following classes of shares: Fund* Class IA Class IB Class IC Hartford Global Growth HLS Fund ✓ ✓ Hartford Growth Opportunities HLS Fund ✓ ✓ ✓ Hartford Disciplined Equity HLS Fund ✓ ✓ ✓** Hartford MidCap Growth HLS Fund ✓ ✓ Hartford MidCap Value HLS Fund ✓ ✓ Hartford MidCap HLS Fund ✓ ✓ Hartford Dividend and Growth HLS Fund ✓ ✓ Hartford Value HLS Fund ✓ ✓ Hartford High Yield HLS Fund ✓ ✓ Hartford Total Return Bond HLS Fund ✓ ✓ Hartford Ultrashort Bond HLS Fund ✓ ✓ Hartford U.S. Government Securities HLS Fund ✓ ✓ * Class IA and Class IB shares of each Fund are closed to new qualified pension and retirement plans, except in connection with a closing of a reorganization and as indicated below. No purchases are allowed by qualified pension and retirement plans, other than as follows: (i) purchases by qualified pension or retirement plans that held shares of the Fund as of December 31, 2017; (ii) purchases through reinvestment of dividends; (iii) purchases by certain qualified pension or retirement plans that have been pre-approved by Hartford Funds Distributors, LLC (the “Distributor”) to purchase shares of the Fund; and (iv) purchases, including through reinvestment of dividends, by qualified pension or retirement plans that received shares of the Fund as part of a reorganization. Class IC shares are currently only sold to variable annuity and variable life insurance separate accounts of the Insurance Companies. ** Class IC shares of the Hartford Disciplined Equity HLS Fund will commence operations upon the closing of the Reorganization of Hartfor...
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Redemption of Fund Shares. A detailed description of the Acquiring Fund’s policy with respect to redemptions is available in Appendix C to this Joint Proxy Statement/Prospectus.
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Redemption of Fund Shares 
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Related to Redemption of Fund Shares

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

  • Purchase and Redemption of Fund Shares 1.1. The Fund and the Underwriter agree to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

  • Sale of Fund Shares 1.1 The Underwriter agrees to sell to the Company those shares of the Designated Portfolios which the Account orders, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Designated Portfolios.

  • Redemption of Units If the underwriters (the “Underwriters”) in the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then either (i) the Company shall redeem from Purchaser, at a redemption price equal to $0.01 per Unit, or (ii) the Purchaser shall forfeit, a number of Units equal to 6,000 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

  • Redemption of Shares In connection with the Fund's redemption of its Shares, the Fund hereby authorizes the Distributor to repurchase, upon the terms and conditions hereinafter set forth, as the Fund's agent and for the Fund's account, such Shares as may be offered for sale to the Fund from time to time by holders of such Shares or their agents.

  • Notice of Optional Redemption; Selection of Notes (a) In case the Company exercises its Optional Redemption right to redeem all or, as the case may be, any part of the Notes pursuant to Section 16.01, it shall fix a date for redemption (each, a “Redemption Date”) and it or, at its written request received by the Trustee not less than 5 Business Days prior to the date such Redemption Notice is to be sent (or such shorter period of time as may be acceptable to the Trustee), the Trustee, in the name of and at the expense of the Company, shall deliver or cause to be delivered a notice of such Optional Redemption (a “Redemption Notice”) not less than 35 nor more than 60 Trading Days prior to the Redemption Date to each Holder of Notes so to be redeemed as a whole or in part; provided, however, that if the Company shall give such notice, it shall also give written notice of the Redemption Date to the Trustee, the Conversion Agent (if other than the Trustee) and the Paying Agent (if other than the Trustee). The Redemption Date must be a Business Day. The Company may not specify a Redemption Date that falls on or after the 31st Scheduled Trading Day immediately preceding the Maturity Date.

  • Redemption and Purchase (a) Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note (including each Index Linked Redemption Note and Dual Currency Redemption Note) will be redeemed by the Issuer at its Final Redemption Amount specified in, or determined in the manner specified in, the applicable Pricing Supplement in the relevant Specified Currency on the Maturity Date.

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

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