Common use of Transaction Processing Clause in Contracts

Transaction Processing. All orders are subject to acceptance by us and by the Fund or its transfer agent, and become effective only upon confirmation by us. If required by law, each transaction shall be confirmed in writing on a fully disclosed basis and if confirmed by us, a copy of each confirmation shall be sent simultaneously to you if you so request. All sales are made subject to receipt of shares by us from the Funds. We reserve the right in our discretion, without notice, to suspend the sale of shares of the Funds or withdraw the offering of shares of the Funds entirely. Orders will be effected at the price(s) next computed on the day they are received if, as set forth in the applicable Fund's current prospectus, the orders are received by us, an agent appointed by us or the Funds prior to the time the price of the Fund's shares is calculated. Orders received after that time will be effected at the price(s) computed on the next business day. All orders must be accompanied by payment in U.S. Dollars. Orders payable by check must be drawn payable in U.S. Dollars on a U.S. bank, for the full amount of the investment.

Appears in 19 contracts

Samples: Dealer Agreement (Franklin Templeton International Trust), Dealer Agreement (Franklin Federal Tax Free Income Fund), Dealer Agreement (Templeton China World Fund Inc)

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Transaction Processing. All orders are subject to acceptance by us and by the Fund or its transfer agent, and become effective only upon confirmation by us. If required by law, each transaction shall be confirmed in writing on a fully disclosed basis and if confirmed by us, a copy of each confirmation shall be sent simultaneously to you if you so request. All sales are made subject to receipt of shares by us from the Funds. We reserve the right in our discretion, without notice, to suspend the sale of shares of the Funds or withdraw the offering of shares of the Funds entirely. Orders will be effected at the price(s) next computed on the day they are received if, as set forth in the applicable Fund's ’s current prospectusProspectus, the orders are received by us, us or an agent appointed by us or the Funds Fund prior to the time close of trading on the price New York Stock Exchange, generally 4:00 p.m. Eastern Time (“Close of the Fund's shares is calculatedTrading”). Orders received after that time will be effected at the price(s) computed on the next business day. All orders must be accompanied by payment in U.S. Dollars. Orders payable by check must be drawn payable in U.S. Dollars on a U.S. bank, for the full amount of the investment.

Appears in 2 contracts

Samples: Selected Dealer Agreement (Dfa Investment Dimensions Group Inc), Selected Dealer Agreement (Dimensional Investment Group Inc)

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