Sale of Trust Units. (1) On receipt of payment, wired instructions and payment, or payment identified as being for the account of a unitholder, the Transfer Agent will deposit the payment, prepare and present the necessary report to the Custodian and record the purchase of units in a timely fashion in accordance with the terms of the prospectus. All units shall be held in book entry form and no certificate shall be issued unless the Trust is permitted to do so by the prospectus and the purchaser so requests.
Appears in 5 contracts
Samples: Page 1 Transfer Agency and Administrative Services Agreement (World Trust), Transfer Agency and Administrative Services Agreement (Growth Trust), 1 Transfer Agency and Administrative Services Agreement (World Trust)
Sale of Trust Units. (1) On receipt of an application and payment, wired instructions and payment, or payment identified as being for the account of a unitholder, the Transfer Agent will deposit the payment, prepare and present the necessary report to the Custodian and record the purchase of units in a timely fashion in accordance with the terms of the prospectus. All units shall be held in book entry form and no certificate shall be issued unless the Trust is permitted to do so by the prospectus and the purchaser so requests.
Appears in 3 contracts
Samples: Transfer Agency and Administrative Services Agreement (Growth & Income Trust), Transfer Agency and Administrative Services Agreement (World Trust), Page 1 Transfer Agency and Administrative Services Agreement (Tax Free Income Trust)
