Common use of Redemption of Fund Shares Clause in Contracts

Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.

Appears in 140 contracts

Samples: Transfer Agency Agreement (Axp Progressive Fund Inc), Transfer Agency Agreement (Axp Growth Series Inc/Mn), Transfer Agency Agreement (Axp Tax-Exempt Series Inc)

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Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the a Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.

Appears in 19 contracts

Samples: Transfer Agency Agreement (Axp Discovery Series Inc), Transfer Agency Agreement (Axp Investment Series Inc), Transfer Agency Agreement (Axp Tax-Exempt Series Inc)

Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the a Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, or an authorized agent or legal representative upon the receipt of the monies from the Custodian.

Appears in 12 contracts

Samples: Transfer Agent Agreement (Riversource Series Trust), Transfer Agent Agreement (Riversource International Series, Inc.), Transfer Agent Agreement (Riversource Selected Series, Inc.)

Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the a Fund's ’s prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, or an authorized agent or legal representative upon the receipt of the monies from the Custodian.

Appears in 1 contract

Samples: Transfer Agent Agreement (Seligman Capital Fund Inc)

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Redemption of Fund Shares. On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectusFunds' Prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.

Appears in 1 contract

Samples: Page 1 Transfer Agency Agreement (Ids Global Series Inc)

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