Common use of Settlement of Trades Clause in Contracts

Settlement of Trades. (i) Through the facilities of the National Securities Clearing Corporation’s (“NSCC”) Fund/SERV system (“Fund/SERV”). If a transaction initiated through the NSCC fails to be processed systematically then the following process would be undertaken. (ii) Clearing Broker and Distributor will each use their best efforts to cause to be transmitted by federal funds wire on the Business Day immediately following trade date (and in any event no later than the settlement date of the transaction), to an account designated by the counterparty, the proceeds of all redemption orders and the purchase price of all purchase orders. Clearing Broker may settle transactions (a) by making payment of the full purchase price to the Fund’s transfer agent (the identity of which will be provided to the Clearing Broker by the Distributor in writing) or written instructions received by Clearing Broker from Distributor, in each case in accordance with the applicable Fund Prospectus If such payment is not received by the end of the seventh business day following Clearing Broker’s transmission of the Customer’s order, the sale may be canceled forthwith, on immediate written notice to Clearing Broker, without any responsibility or liability on Distributor’s part or on the part of the Funds to Clearing Broker or the Customer. In addition, Clearing Broker may be held responsible to the Fund and/or the Distributor for any losses suffered as a result.

Settlement of Trades. (i) Through the facilities of If a transaction initiated through the National Securities Clearing Corporation’s 's (“"NSCC”") Fund/SERV system (“"Fund/SERV”). If a transaction initiated through the NSCC ") fails to be processed systematically then the following process would be undertaken. (ii) Clearing Broker and Distributor will each use their best efforts to cause to be transmitted by federal funds wire on the Business Day immediately following trade date (and in any event no later than the settlement date of the transaction), to an account designated by the counterparty, the proceeds of all redemption orders and the purchase price of all purchase orders. Clearing Broker may settle transactions (a) by making payment of the full purchase price to the Fund’s 's transfer agent (the identity of which will be provided to the Clearing Broker by the Distributor in writing) or written instructions received by Clearing Broker from Distributor, in each case in accordance with the applicable Fund Prospectus If such payment is not received by the end of the seventh business day following Clearing Broker’s 's transmission of the Customer’s 's order, the sale may be canceled forthwith, on immediate written notice to Clearing Broker, without any responsibility or liability on Distributor’s 's part or on the part of the Funds to Clearing Broker or the Customer. In addition, Clearing Broker may be held responsible to the Fund and/or the Distributor for any losses suffered as a result.

Settlement of Trades. (i) Through the facilities of If a transaction initiated through the National Securities Clearing Corporation’s (“NSCC”) Fund/SERV system (“Fund/SERV”). If a transaction initiated through the NSCC ) fails to be processed systematically then the following process would be undertaken. (ii) Clearing Broker and Distributor will each use their best efforts to cause to be transmitted by federal funds wire on the Business Day immediately following trade date (and in any event no later than the settlement date of the transaction), to an account designated by the counterparty, the proceeds of all redemption orders and the purchase price of all purchase orders. Clearing Broker may settle transactions (a) by making payment of the full purchase price to the Fund’s transfer agent (the identity of which will be provided to the Clearing Broker by the Distributor in writing) or written instructions received by Clearing Broker from Distributor, in each case in accordance with the applicable Fund Prospectus Funds’ Prospectus. If such payment is not received by the end of the seventh business day following Clearing Broker’s transmission of the Customer’s order, the sale may be canceled forthwith, on immediate written notice to Clearing Broker, without any responsibility or liability on Distributor’s part or on the part of the Funds to Clearing Broker or the Customer. In addition, Clearing Broker may be held responsible to the Fund Funds and/or the Distributor for any direct losses (but not loss of profit) suffered as a result.

Settlement of Trades. (i) Through Orders will be transmitted and settled through the facilities of the National Securities Clearing Corporation’s (“NSCC”) Fund/SERV system (“Fund/SERV”). If a transaction initiated through the NSCC fails to be processed systematically then the following process would be undertaken. : (iii) Clearing Broker and Distributor will each use their best efforts to cause to be transmitted by federal funds wire on the Business Day immediately following trade date (and in any event no later than the settlement date of the transaction), to an account designated by the counterparty, the proceeds of all redemption orders and the purchase price of all purchase orders. (ii) Clearing Broker may settle transactions (a) by making payment of the full purchase price to the Fund’s transfer agent (the identity of which will be provided to the Clearing Broker by the Distributor in writing) SDC or written instructions received by Clearing Broker from Distributor, in each case in accordance with the applicable Fund Prospectus Prospectus. (iii) If such payment is not received by the end of the seventh third business day following Clearing Broker’s transmission of the Customer’s order, the sale may be canceled forthwith, on immediate written notice to Clearing Broker, without any responsibility or liability on Distributor’s part or on the part of SDC or the Funds to Clearing Broker or the Customer. In addition, Clearing Broker may be held responsible to the Fund Fund, SDC and/or the Distributor for any losses suffered as a result.