Transfer Agency and Dividend Disbursing Services. Subject to the supervision of, and in accordance with procedures established by, the Fund's Board of Directors, MFS agrees to perform the usual and ordinary services of transfer agent and dividend disbursing agent including, without limitation, the following: o receiving for acceptance orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation therefor to the Fund's custodian; o pursuant to purchase orders, issuing the appropriate number of Fund shares and holding such shares in the appropriate shareholder account; o effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions; o calculating any sales charges payable by a shareholder on purchases and/or redemptions of Fund shares as such charges are reflected in the Fund's prospectus; o maintaining all shareholder accounts; o preparing shareholder meeting lists; o mailing shareholder reports and prospectuses; o tracking shareholder accounts for Blue Sky and Rule 12b-1 purposes; o withholding taxes on non-resident alien and foreign corporation accounts; o preparing and mailing checks for disbursement of income dividends and capital gains distributions; o preparing and filing U.S. Treasury Department Form 1099 for all shareholders; o preparing and mailing confirmation forms to shareholders and dealers with respect to all purchases, exchanges and liquidations of Fund shares and other transactions in shareholder accounts for which confirmations are required; o recording reinvestments of dividends and distributions in Fund shares; o recording redemptions and Fund shares; o preparing and mailing checks for payments upon redemption and for disbursements to withdrawal plan holders; and o recording the issuance of shares of the Fund and maintaining pursuant to Rule 17Ad-10(e) under the Securities Exchange Act of 1934, as amended, a record of the total number of shares of the Fund which are authorized, based upon data provided to it by the Fund, and issued and outstanding. MFS shall also provide and shall notify the Fund in case any proposed issue of shares by the Fund would result in an over issue. In case any issue of Fund shares would result in an over issue, MFS shall refuse to issue such shares and shall not countersign and issue any certificates requested for such shares. In addition to and not in lieu of the services set forth above, unless otherwise provided by the Administrator pursuant to the terms of this Agreement,...
Transfer Agency and Dividend Disbursing Services. The Administrator agrees to perform the usual and ordinary services of transfer agent and dividend disbursing agent including, without limitation, the following: maintaining all shareholder accounts; preparing shareholder meeting lists; mailing shareholder reports and prospectuses; tracking shareholder accounts for Blue Sky and Rule 12b-1 purposes; withholding taxes on non-resident alien and foreign corporation accounts; preparing and mailing checks for disbursement of income dividends and capital gains distributions; preparing and filing U.S. Treasury Department Form 1099 for all shareholders; preparing and mailing confirmation forms to shareholders and dealers with respect to all purchases, exchanges and liquidations of Fund shares and other transactions in shareholder accounts for which confirmations are required; recording reinvestments of dividends and distributions in Fund shares; recording redemptions and Fund shares; and preparing and mailing checks for payments upon redemption and for disbursements to withdrawal plan holders. The Administrator has and will maintain all registrations required under applicable law in order for it to perform such transfer agency services and maintains and will maintain such records as are required under applicable law in connection with the provision of such services.
Transfer Agency and Dividend Disbursing Services. Subject to the supervision of, and in accordance with procedures established by, the Fund's Board of Directors, MFS agrees to perform the usual and ordinary services of transfer agent and dividend disbursing agent including, without limitation, the following: o receiving for acceptance orders for the purchase of Fund shares, and promptly delivering payment and appropriate documentation therefor to the Fund's custodian; o pursuant to purchase orders, issuing the appropriate number of Fund shares and holding such shares in the appropriate shareholder account; o effecting transfers of Fund shares by the registered owners thereof upon receipt of appropriate instructions; o calculating any sales charges payable by a shareholder on purchases and/or redemptions of Fund shares as such charges are reflected in the Fund's prospectus; o maintaining all shareholder accounts; o preparing shareholder meeting lists; o mailing shareholder reports and prospectuses;
