Common use of Await Receipt of Confirmation Clause in Contracts

Await Receipt of Confirmation. (a) In the Case of Redemptions through the CB Shares Clearing Process. The Participant shall be required to transfer or arrange for the transfer of the requisite CB Shares of the US Index Series to State Street Bank by means of the CB Shares Clearing Process so as to be received no later than on the Regular Way settlement date following the business day on which such Redemption Request is received in proper form. After the receipt of a Redemption Request for CB Shares of the US Index Series, State Street Bank shall initiate procedures to transfer the requisite Fund Basket securities and the cash redemption payment, if any, through the CB Shares Clearing Process so as to be received by the Participant no later than on the Regular Way settlement date following the business day on which the Redemption Request is duly received in proper form by the Fund. State Street Bank shall issue to the Participant an acknowledgment of a Redemption Request within one (1) hour of its receipt of a Redemption Request in proper form. If a Participant does not receive a timely acknowledgment, it should contact State Street Bank or its representative directly at the telephone number(s) indicated.

Await Receipt of Confirmation. (a) In the Case of Redemptions through the CB Shares Clearing Process. The Participant shall be required to transfer or arrange for the transfer of the requisite CB Shares of the US Index Series to State Street Bank by means of the CB Shares Clearing Process so as to be received no later than on the Regular Way settlement date following the business day on which such Redemption Request is received in proper form. After the receipt of a Redemption Request for CB Shares of the US Index Series, State Street Bank shall initiate procedures to transfer the requisite Fund Basket securities and the cash redemption payment, if any, through the CB Shares Clearing Process so as to be received by the Participant no later than on the Regular Way settlement date THE COUNTRYBASKETS(TM) INDEX FUND, INC. following the business day on which the Redemption Request is duly received in proper form by the Fund. State Street Bank shall issue to the Participant an acknowledgment of a Redemption Request within one (1) hour of its receipt of a Redemption Request in proper form. If a Participant does not receive a timely acknowledgment, it should contact State Street Bank or its representative directly at the telephone number(s) indicated.