Common use of Redemption Orders Clause in Contracts

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Company, U.S. Trust shall on each business day notify the Company of the total number of shares presented and covered by such requests received by U.S. Trust on such day; (ii) within the time specified in the Prospectus and if not so specified on or prior to the seventh calendar day succeeding any such requests received by U.S. Trust, shall notify The Chase Manhattan Bank, N.A. (the "Custodian"), subject to instructions from the Company, to transfer monies to such account as designated by U.S. Trust for such payment to the redeeming shareholder of the applicable redemption or repurchase price; (iii) if any such certificate or request for redemption of repurchase does not comply with applicable standards, U.S. Trust shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Company's price next determined after receipt of documents complying with said standards.

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Company, U.S. Trust Sub-Transfer Agent shall on each business day notify the Company of the total number of shares presented and covered by such requests received by U.S. Trust Sub-Transfer Agent on such day; (ii) within the time specified in the Prospectus and if not so specified on or prior to the seventh calendar day succeeding any such requests received by U.S. TrustSub- Transfer Agent, shall notify The Chase Manhattan Bank, N.A. (the "Custodian"), subject to instructions from the CompanyCompany or U.S. Trust, to transfer monies to such account as designated by U.S. Trust Sub- Transfer Agent for such payment to the redeeming shareholder of the applicable redemption or repurchase price; (iii) if any such certificate or request for redemption of repurchase does not comply with applicable standards, U.S. Trust Sub-Transfer Agent shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Company's price next determined after receipt of documents complying with said standards.

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Company, U.S. Trust Sub-Transfer Agent shall on each business day notify the Company of the total number of shares presented and covered by such requests received by U.S. Trust Sub-Transfer Agent on such day; (ii) within the time specified in the Prospectus and if not so specified on or prior to the seventh calendar day succeeding any such requests received by U.S. TrustSub-Transfer Agent, shall notify The Chase Manhattan Bank, N.A. (the "Custodian"), subject to instructions from the CompanyCompany or U.S. Trust, to transfer monies to such account as designated by U.S. Trust Sub-Transfer Agent for such payment to the redeeming shareholder of the applicable redemption or repurchase price; (iii) if any such certificate or request for redemption of repurchase does not comply with applicable standards, U.S. Trust Sub-Transfer Agent shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Company's price next determined after receipt of documents complying with said standards.

Redemption Orders. Receive and stamp with the date and time of receipt all requests for redemptions or repurchase of shares held in certificate or non-certificate form, and process redemptions and repurchase requests as follows: (i) if such certificate or redemption request complies with the applicable standards approved by the Company, U.S. Trust Sub-Transfer Agent shall on each business day notify the Company of the total number of shares presented and covered by such requests received by U.S. Trust Sub- Transfer Agent on such day; (ii) within the time specified in the Prospectus and if not so specified on or prior to the seventh calendar day succeeding any such requests received by U.S. TrustSub-Transfer Agent, shall notify The Chase Manhattan Bank, N.A. (the "Custodian"), subject to instructions from the CompanyCompany or U.S. Trust, to transfer monies to such account as designated by U.S. Trust Sub-Transfer Agent for such payment to the redeeming shareholder of the applicable redemption or repurchase price; (iii) if any such certificate or request for redemption of repurchase does not comply with applicable standards, U.S. Trust Sub-Transfer Agent shall promptly notify the investor of such fact, together with the reason therefor, and shall effect such redemption at the Company's price next determined after receipt of documents complying with said standards.