Common use of Share Redemptions Clause in Contracts

Share Redemptions. Prior to each Valuation Time for a Series on each Fund Business Day, as specified in accordance with Section 11, FFC shall process all requests to redeem Shares of each Series or Class of the Series in accordance with Section 8. Upon confirmation of the net asset value by the Fund Accountant, FFC shall notify the Fund and the Custodian of the redemption amount, apply the redemption proceeds in accordance with Section 13 and the Prospectus, record the redemption in the stock registry books, and debit the redeemed Shares from the Unissued Certificates Account, if appropriate, and the account of the Shareholder, and xxxx "cancelled" or destroy any Share Certificates evidencing the redeemed shares. In lieu of carrying out the redemption procedures described in the preceding paragraph, FFC may, at the request of the Fund, sell Shares of each class of each Series to the Fund as repurchases from Shareholders, provided that the sale price is not less than the applicable redemption price. The redemption procedures shall then be appropriately modified. The Fund may authorize FFC by Written Instruction to effect any redemptions upon provision of an indemnity satisfactory in form to FFC.

Share Redemptions. Prior to each Valuation Time for a Series on each Fund Business Day, as specified in accordance with Section 1112, FFC shall process all requests to redeem Shares of each Series or Class of the Series in accordance with Section 8. Upon confirmation of the net asset value by the Fund Accountant, FFC shall notify the Fund Trust and the Custodian of the redemption amount, apply the redemption proceeds in accordance with Section 13 14 and the Prospectus, record the redemption in the stock registry books, and debit the redeemed Shares from the Unissued Certificates Account, if appropriate, and the account of the Shareholder, and xxxx "cancelledcanceled" or destroy any Share Certificates evidencing the redeemed shares. In lieu of carrying out the redemption procedures described in the preceding paragraph, FFC may, at the request of the FundTrust, sell Shares of each class of each Series to the Fund Trust as repurchases from Shareholders, provided that the sale price is not less than the applicable redemption price. The redemption procedures shall then be appropriately modified. The Fund Trust may authorize FFC by Written Instruction to effect any redemptions upon provision of an indemnity satisfactory in form to FFC.

Share Redemptions. Prior to each Valuation Time for a Series on each Fund Business Day, as specified in accordance with Section 1111 above, FFC Norwest shall process all requests to redeem Shares of each Series or Class of the Series in accordance with Section 8. Upon confirmation of the net asset value by the Fund AccountantManager, FFC Norwest shall notify the Fund Trust and the Custodian of the redemption amount, apply the redemption proceeds in accordance with Section 13 and the Prospectus, record the redemption in the stock registry books, and debit the redeemed Shares from the Unissued Certificates Account, if appropriate, and the account of the Shareholder, Shareholder and xxxx "cancelledcanceled" or destroy any Share Certificates evidencing the redeemed shares. In lieu of carrying out the redemption procedures described in the preceding paragraph, FFC Norwest may, at the request of the FundTrust, sell Shares of each class of each Series to the Fund Trust as repurchases from Shareholders, provided that the sale price is not less than the applicable redemption price. The redemption procedures shall then be appropriately modified. The Fund Trust may authorize FFC Norwest by Written Instruction to effect any redemptions upon provision of an indemnity satisfactory in form to FFCNorwest.

Share Redemptions. Prior to each Valuation Time for a Series on each Fund Business Day, as specified in accordance with Section 1112, FFC shall process all requests to redeem Shares of each Series or Class of the Series in accordance with Section 8. Upon confirmation of the net asset value by the Fund Accountant, FFC shall notify the Fund Corporation and the Custodian of the redemption amount, apply the redemption proceeds in accordance with Section 13 14 and the Prospectus, record the redemption in the stock registry books, and debit the redeemed Shares from the Unissued Certificates Account, if appropriate, and the account of the Shareholder, and xxxx "cancelledcanceled" or destroy any Share Certificates evidencing the redeemed shares. In lieu of carrying out the redemption procedures described in the preceding paragraph, FFC may, at the request of the FundCorporation, sell Shares of each class of each Series to the Fund Corporation as repurchases from Shareholders, provided that the sale price is not less than the applicable redemption price. The redemption procedures shall then be appropriately modified. The Fund Corporation may authorize FFC by Written Instruction to effect any redemptions upon provision of an indemnity satisfactory in form to FFC.

Share Redemptions. Prior to each Valuation Time for a Series on each Fund Business Day, as specified in accordance with Section 1112, FFC FSS shall process all requests to redeem Shares of each Series or Class of the Series in accordance with Section 8. Upon confirmation of the net asset value by the Fund Accountant, FFC FSS shall notify the Fund Trust and the Custodian of the redemption amount, apply the redemption proceeds in accordance with Section 13 14 and the Prospectus, record the redemption in the stock registry books, and debit the redeemed Shares from the Unissued Certificates Account, if appropriate, and the account of the Shareholder, and xxxx "cancelledcanceled" or destroy any Share Certificates evidencing the redeemed shares. In lieu of carrying out the redemption procedures described in the preceding paragraph, FFC FSS may, at the request of the FundTrust, sell Shares of each class of each Series to the Fund Trust as repurchases from Shareholders, provided that the sale price is not less than the applicable redemption price. The redemption procedures shall then be appropriately modified. The Fund Trust may authorize FFC FSS by Written Instruction to effect any redemptions upon provision of an indemnity satisfactory in form to FFCFSS.