Common use of Orders and Payment for Shares Clause in Contracts

Orders and Payment for Shares. Payment for the Shares ordered from us shall be made in Federal Funds and must be received by the Funds' agent, [Norwest Bank Minnesota, N.A.], within three business days of a receipt and acceptance by us of an order. If payment in Federal Funds is not received within three business days after the execution of the order, we reserve the right, without any notice, to cancel the sale and to hold you responsible for any loss, including loss of profits, suffered by us or by the applicable Fund resulting from such failure.

Orders and Payment for Shares. Payment for the Shares ordered from us shall be made in Federal Funds and must be received by the Funds' agent, [Norwest Bank Minnesota, N.A.], within three business days of a receipt and acceptance by us of an order. If payment in Federal Funds is not received within three business days after the execution of the order, we reserve the right, without any notice, to cancel the sale and to hold you responsible for any loss, including loss of profits, suffered by us or by the applicable Fund resulting from such failure.