Common use of REQUESTS FOR NEW ACCOUNT Clause in Contracts

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participants, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s Agent’s opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participant, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participant, unless upon receipt of the Transfer Agent’s request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant if the missing information is not provided within five (5) business days of the Transfer Agent’s request. If the Transfer Agent determines, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III). The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund fund of an application to establish an account in the name of one of its participants, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participant, the Transfer Agent agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participant, unless upon receipt of the Transfer Agent’s Agent request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determinesdetermined, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III). The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer transfer Agent deems the application complete as to participant information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participantsshareholders, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant shareholder or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s Agent’s opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participantshareholder, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant shareholder information to complete the application within two business days of the Transfer Agent’s request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participantshareholder, unless upon receipt of the Transfer Agent’s request, the Fund requests additional time to provide the missing information, information in which case such application and funds will be returned to the participant shareholder if the missing information is not provided within five (5) business days of the Transfer Agent’s request. If the Transfer Agent determines, in its sole discretion, that the participant shareholder information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant shareholder information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III)below. The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant shareholder information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund fund of an application to establish an account in the name of one of its participantsshareholders, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant shareholder or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participantshareholder, the Transfer Agent agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participantshareholder, unless upon receipt of the Transfer Agent’s Agent request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant shareholder if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determines, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant shareholder information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III)below. The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer transfer Agent deems the application complete as to participant shareholder information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participants, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participant, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participant, unless upon receipt of the Transfer Agent’s 's request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determines, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III). The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participantsshareholders, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant shareholder or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participantshareholder, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant shareholder information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participantshareholder, unless upon receipt of the Transfer Agent’s 's request, the Fund requests additional time to provide the missing information, information in which case such application and funds will be returned to the participant shareholder if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determines, in its sole discretion, that the participant shareholder information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. Prior to opening any account, the Transfer Agent shall perform an acceptance review for all monetary instruments received and administer any signature guarantee or other verification policy in accordance with prospectus requirements or pursuant to instructions received from the Fund. If the participant shareholder information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III)below. The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant shareholder information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participantsshareholders, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant shareholder or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participantshareholder, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant shareholder information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participantshareholder, unless upon receipt of the Transfer Agent’s 's request, the Fund requests additional time to provide the missing information, information in which case such application and funds will be returned to the participant shareholder if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determines, in its sole discretion, that the participant shareholder information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant shareholder information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III)below. The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant shareholder information.

REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participantsshareholders, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant shareholder or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s 's name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s 's Agent’s 's opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participantshareholder, the Transfer Agent agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s 's request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participantshareholder, unless upon receipt of the Transfer Agent’s Agent request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant shareholder if the missing information is not provided within five (5) business days of the Transfer Agent’s 's request. If the Transfer Agent determines, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant shareholder information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III)below. The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulator(s) if in attempting to collect any requisite information it deems such action necessary or appropriate. The trade date for the purchase of shares on a newly established account shall be the date on which the Transfer Agent deems the application complete as to participant shareholder information.