Payments for Repurchases. or Redemptions of Shares of the Fund. From such funds as may be available for the purpose of repurchasing or redeeming Shares of the Fund, but subject to the limitations of the Certificate of Incorporation and any applicable votes of the Board of the Fund pursuant thereto, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of shares of the Fund who have delivered to the Transfer Agent a request for redemption or repurchase of their shares including without limitation through bank drafts, automated clearing-house facilities, or by other means. In connection with the redemption or repurchase of Shares of the Fund, the Custodian is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.
Appears in 2 contracts
Sources: Custodian Contract (Snoqualmie Asset Fund Inc), Custodian Contract (East West Securities Co Inc)
Payments for Repurchases. or Redemptions of Shares of the Fund. From such funds as may be available for the purpose of repurchasing or redeeming Shares of the Fund, but subject to the limitations of the Certificate of Incorporation and any applicable votes of the Board of the Fund pursuant thereto, the Custodian shall, upon receipt of instructions from the Transfer Agent, make funds available for payment to holders of shares of the Fund who have delivered to the Transfer Agent a request for redemption or repurchase of their shares including without limitation through bank drafts, automated clearing-house facilities, or by other means. In connection with the redemption or repurchase of Shares of the Fund, the Custodian is authorized upon receipt of instructions from the Transfer Agent to wire funds to or through a commercial bank designated by the redeeming shareholders.of
Appears in 1 contract