Common use of Procedures for Transactions Clause in Contracts

Procedures for Transactions. (1) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on such business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on the next business day. Purchases will be paid for in Federal Funds at prices equal to net asset value. FTC will make reasonable efforts to ensure that payment is wired to the Transfer Agent prior to 4:00 P.M. on the next business day following the effective date of the purchase. (2) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on such business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on the next business day. The Fund Company confirms that the Transfer Agent will make reasonable efforts to ensure that Federal Funds representing redemption proceeds are wired to FTC no later than 2:00 P.M. on the next business day following the effective date of the redemption, subject to the Fund company's right to delay or suspend redemptions to all its shareholders pursuant to its prospectus and to provisions of the Investment Company Act of 1940. (3) The Fund Company confirms that FTC may make orders for the purchase or redemption of shares of a Fund by telephonic advice. (4) The Fund Company hereby acknowledges, and will cause each Fund to acknowledge, that each Plan which is the named owner of Fund shares held in an FTC Omnibus Account is a "shareholder" of such shares: (i) Within the meaning of Rule 18f-1 under the Investment Company Act of 1940 and such Fund's election on Form N-18F-1. For purposes of complying with Rule 18f-1, in the event of a redemption in kind, FTC agrees to supply the Fund, upon request, the name or account number, the number of shares and other relevant information for each of the Plans which are owners of the Fund shares held in an FTC Omnibus Account. (ii) For purposes of the parameters which govern the Fund Company's acceptance of transactions as disclosed in the Fund's prospectus or otherwise the subject of prior written notification to FTC by the Fund Company or the Fund(s). Such Fund parameters may include, among others, minimum or maximum purchase or liquidation amounts. FTC agrees to maintain and enforce at the Plan level the Fund parameters listed in Exhibit 1(b)(4)(ii) to this Agreement, and the Fund Company will not cancel or otherwise reject, and agrees to direct each Fund not to cancel or otherwise reject, any transaction requested by FTC except when such Fund is canceling or rejecting similar transactions from other sources due to these parameters as broadly and equitably applied. The Fund Company agrees to cause the same day notification of the rejection or cancellation of any Fund purchase or redemption requested by FTC. (5) The parties agree that the cost of each Fed Funds wire transfer is the sole responsibility of the party sending the wire. The parties further agree that the interest cost associated with any delayed wire is the sole responsibility of the party sending the wire. (6) In the event that a Fund cannot verify redemption proceeds due to system problems or other unforeseen circumstances, the Fund Company will settle trades and forward redemption proceeds in accordance with this agreement based on the information supplied by FTC. (7) FTC will maintain separate accounting and recordkeeping for each of the Plans, and will allocate on its records the number of Fund shares purchased, accrued as dividends and redeemed, and any cash dividends or distributions paid on account of the shares of each Fund, for each of the Plans. FTC will reconcile the amounts posted to each Plan with the amounts recorded on the Transfer Agent's records for each Fund for each respective FTC Omnibus Account on a monthly basis. (8) The Fund Company agrees to notify FTC in writing regarding the closing of any Fund by its Board of Directors to initial purchases promptly upon receipt of such information from the Fund. FTC will maintain records at the Plan level to limit the purchase of any such Fund on and after the effective date of such closing to Plans which are shareholders of the Fund at the time of the purchase request or to Plans which otherwise qualify to purchase shares of the Fund under other circumstances authorized by the Fund. Subsequent to its receipt of proper notice, FTC agrees to indemnify and hold harmless the Fund Company and the Fund from any loss, expense or cost associated with the cancellation of any purchase order executed in violation of this section. The Fund Company agrees to cause the processing of all purchase orders requested by FTC for any Fund closed to initial purchases. (9) The Fund Company will notify FTC in writing regarding the closing or suspension of the availability of any Fund by its Board of Directors to all purchases promptly upon receipt of such information from the Fund. FTC agrees not to process purchase orders in closed Funds as to which it has been so notified. (10) The Fund Company will be responsible under this Agreement for the servicing of the respective FTC Omnibus Accounts and will have no responsibility for the servicing of the Plans. FTC will provide recordkeeping services to the Plans. The foregoing obligations of the parties are more particularly described on Exhibit 1(b)(11), which is made a part of this Agreement.

Procedures for Transactions. (1) The Fund Company confirms that if FTC TDATC notifies the Transfer Agent prior to within the close of the regular trading session of hours set forth in paragraph l(a)(l) above on any day the New York Stock Exchange is open for business (normally 4:00 P.M.a “business day”) concerning the purchase of a Fund’s Shares, the purchase will be effected on the same business day, and that if TDATC notifies the Transfer Agent after the trading hours set forth in paragraph 1(a)(l) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on such business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the purchase of a Fund's shares’s Shares, the purchase will be effected on the next business day. Purchases will be paid for in Federal Funds at prices equal to net asset value. FTC TDATC will make reasonable efforts to ensure that payment is wired to the Transfer Agent prior to 4:00 P.M. Eastern Standard Time on the next business day following the effective date of the purchase. (2) The Fund Company confirms that if FTC TDATC notifies the Transfer Agent prior to within the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.hours set forth in paragraph l(a)(l) on any business day concerning the redemption of a Fund's shares’s Shares, the redemption will be effected on such the same business day, and that if FTC TDATC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.hours set forth in paragraph l(a)(l) on any business day concerning the redemption of a Fund's shares’s Shares, the redemption will be effected on the next business day. The Fund Company confirms that the Transfer Agent will make reasonable efforts to ensure that Federal Funds representing redemption proceeds are wired to FTC TDATC no later than 2:00 4:00 P.M. Eastern Standard Time on the next business day following the effective date of the redemption, subject to the Fund company's right to delay or suspend redemptions to all its shareholders pursuant to its prospectus and to provisions of the Investment Company Act of 1940. (3) The Fund Company confirms that FTC may make orders for the purchase or redemption of shares of a Fund by telephonic advice. (4) The Fund Company hereby acknowledges, and will cause each Fund to acknowledge, that each Plan Client Account which is the named owner of Fund shares Shares held in an FTC Omnibus Account is a "shareholder" shareholder of such shares: (i) Within Shares within the meaning of Rule 18f-1 18-f-1 under the Investment Company 1940 Act of 1940 and such Fund's ’s election on Form N-18F-1N-18f-1. For purposes of complying with Rule 18f-1, in the event of a redemption in kind, FTC TDATC agrees to supply the Fund, upon request, the name or account number, the number of shares Shares and other relevant information for each of the Plans Client Accounts which are beneficial owners of the Fund shares Shares held in an FTC TDATC Omnibus Account. (ii) For purposes of the parameters which govern the Fund Company's acceptance of transactions as disclosed in the Fund's prospectus or otherwise the subject of prior written notification to FTC by the Fund Company or the Fund(s). Such Fund parameters may include, among others, minimum or maximum purchase or liquidation amounts. FTC agrees to maintain and enforce at the Plan level the Fund parameters listed in Exhibit 1(b)(4)(ii) to this Agreement, and the Fund Company will not cancel or otherwise reject, and agrees to direct each Fund not to cancel or otherwise reject, any transaction requested by FTC except when such Fund is canceling or rejecting similar transactions from other sources due to these parameters as broadly and equitably applied. The Fund Company agrees to cause the same day notification of the rejection or cancellation of any Fund purchase or redemption requested by FTC. (54) The parties agree that the cost of each Fed Federal Funds wire transfer is the sole responsibility of the party sending the wire. The parties further agree that the interest cost associated with any delayed wire is the sole responsibility of the party sending the wire. (65) In the event that a Fund cannot verify redemption proceeds due to system problems or other unforeseen circumstances, the Fund Company will settle trades and forward redemption proceeds in accordance with this agreement Agreement based on the information supplied by FTCTDATC. (76) FTC TDATC will maintain separate accounting and recordkeeping for each of the PlansClient Accounts, and will allocate on its records the number of Fund shares Shares purchased, accrued as dividends and redeemed, and any cash dividends or distributions paid on account of the shares Shares of each Fund, for each of the Plans. FTC will reconcile the amounts posted to each Plan with the amounts recorded on the Transfer Agent's records for each Fund for each respective FTC Omnibus Account on a monthly basis. (8) The Fund Company agrees to notify FTC in writing regarding the closing of any Fund by its Board of Directors to initial purchases promptly upon receipt of such information from the Fund. FTC will maintain records at the Plan level to limit the purchase of any such Fund on and after the effective date of such closing to Plans which are shareholders of the Fund at the time of the purchase request or to Plans which otherwise qualify to purchase shares of the Fund under other circumstances authorized by the Fund. Subsequent to its receipt of proper notice, FTC agrees to indemnify and hold harmless the Fund Company and the Fund from any loss, expense or cost associated with the cancellation of any purchase order executed in violation of this section. The Fund Company agrees to cause the processing of all purchase orders requested by FTC for any Fund closed to initial purchases. (9) The Fund Company will notify FTC in writing regarding the closing or suspension of the availability of any Fund by its Board of Directors to all purchases promptly upon receipt of such information from the Fund. FTC agrees not to process purchase orders in closed Funds as to which it has been so notified. (10) The Fund Company will be responsible under this Agreement for the servicing of the respective FTC Omnibus Accounts and will have no responsibility for the servicing of the Plans. FTC will provide recordkeeping services to the Plans. The foregoing obligations of the parties are more particularly described on Exhibit 1(b)(11), which is made a part of this Agreement.Client

Procedures for Transactions. (1) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on such business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on the next business day. Purchases will be paid for in Federal Funds at prices equal to net asset value. FTC will make reasonable efforts to ensure that payment is wired to the Transfer Agent prior to 4:00 P.M. on the next business day following the effective date of the purchase. (2) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on such business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on the next business day. The Fund Company confirms that the Transfer Agent will make reasonable efforts to ensure that Federal Funds representing redemption proceeds are wired to FTC no later than 2:00 P.M. on the next business day following the effective date of the redemption, subject to the Fund company's right to delay or suspend redemptions to all its shareholders pursuant to its prospectus and to provisions of the Investment Company Act of 1940. (3) The Fund Company confirms that FTC may make orders for the purchase or redemption of shares of a Fund by telephonic advice. (4) The Fund Company hereby acknowledges, and will cause each Fund to acknowledge, that each Plan which is the named owner of Fund shares held in an FTC Omnibus Account is a "shareholder" of such shares: (i) Within the meaning of Rule 18f-1 under the Investment Company Act of 1940 and such Fund's election on Form N-18F-1. For purposes of complying with Rule 18f-1, in the event of a redemption in kind, FTC agrees to supply the Fund, upon request, the name or account number, the number of shares and other relevant information for each of the Plans which are owners of the Fund shares held in an FTC Omnibus Account. (ii) For purposes of the parameters which govern the Fund Company's acceptance of transactions as disclosed in the Fund's prospectus or otherwise the subject of prior written notification to FTC by the Fund Company or the Fund(s). Such Fund parameters may include, among others, minimum or maximum purchase or liquidation amounts. FTC agrees to maintain and enforce at the Plan level the Fund parameters listed in Exhibit 1(b)(4)(ii) to this Agreement, and the Fund Company will not cancel or otherwise reject, and agrees to direct each Fund not to cancel or otherwise reject, any transaction requested by FTC except when such Fund is canceling or rejecting similar transactions from other sources due to these parameters as broadly and equitably applied. The Fund Company agrees to cause the same day notification of the rejection or cancellation of any Fund purchase or redemption requested by FTC. (5) The parties agree that the cost of each Fed Funds wire transfer is the sole responsibility of the party sending the wire. The parties further agree that the interest cost associated with any delayed wire is the sole responsibility of the party sending the wire. (6) In the event that a Fund cannot verify redemption proceeds due to system problems or other unforeseen circumstances, the Fund Company will settle trades and forward redemption proceeds in accordance with this agreement based on the information supplied by FTC. (7) FTC will maintain separate accounting and recordkeeping for each of the Plans, and will allocate on its records the number of Fund shares purchased, accrued as dividends and redeemed, and any cash dividends or distributions paid on account of the shares of each Fund, for each of the Plans. FTC will reconcile the amounts posted to each Plan with the amounts recorded on the Transfer Agent's records for each Fund for each respective FTC Omnibus Account on a monthly basis. (8) The Fund Company agrees to notify FTC in writing regarding the closing of any Fund by its Board of Directors to initial purchases promptly upon receipt of such information from the Fund. FTC will maintain records at the Plan level to limit the purchase of any such Fund on and after the effective date of such closing to Plans which are shareholders of the Fund at the time of the purchase request or to Plans which otherwise qualify to purchase shares of the Fund under other circumstances authorized by the Fund. Subsequent to its receipt of proper notice, FTC agrees to indemnify and hold harmless the Fund Company and the Fund from any loss, expense or cost associated with the cancellation of any purchase order executed in violation of this section. The Fund Company agrees to cause the processing of all purchase orders requested by FTC for any Fund closed to initial purchases. (9) The Fund Company will notify FTC in writing regarding the closing or suspension of the availability of any Fund by its Board of Directors to all purchases promptly upon receipt of such information from the Fund. FTC agrees not to process purchase orders in closed Funds as to which it has been so notified. (10) The Fund Company will be responsible under this Agreement for the servicing of the respective FTC Omnibus Accounts and will have no responsibility for the servicing of the Plans. FTC will provide recordkeeping services to the Plans. The foregoing obligations of the parties are more particularly described on Exhibit 1(b)(11), which is made a part of this Agreement.

Procedures for Transactions. (1) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.4:OO PM) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on such the same business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.4:OO PM) on any business day concerning the purchase of a Fund's shares, the purchase will be effected on the next business day. Purchases will be paid for in Federal Funds at prices equal to net asset value. FTC will make reasonable efforts to ensure that payment is wired to the Transfer Agent prior to 4:00 P.M. 4:OO PM on the next business day following the effective date of the purchase. (2) The Fund Company confirms that if FTC notifies the Transfer Agent prior to the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.4:OO PM) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on such the same business day, and that if FTC notifies the Transfer Agent after the close of the regular trading session of the New York Stock Exchange (normally 4:00 P.M.4:OO PM) on any business day concerning the redemption of a Fund's shares, the redemption will be effected on the next business day. The Fund Company confirms that the Transfer Agent will make reasonable efforts to ensure that Federal Funds representing redemption proceeds are wired to FTC no later than 2:00 P.M. 4:OO PM on the next business day following the effective date of the redemption, subject to the Fund company's right to delay or suspend redemptions to all its shareholders pursuant to its prospectus and to provisions of the Investment Company Act of 1940. (3) The Fund Company confirms that FTC may make orders for the purchase or redemption of shares of a Fund by telephonic advice. (4) The Fund Company hereby acknowledges, and will cause each Fund to acknowledge, that each Plan Client Accounts which is the named owner of Fund shares held in an FTC Omnibus Account is a "shareholder" of such shares: (i) Within shares within the meaning of Rule 18f-1 18f-I under the Investment Company Act of 1940 and such Fund's election on Form N-18F-1N-1. For purposes of complying with Rule 18f-1, in the event of a redemption in kind, FTC agrees to supply the Fund, upon request, the name or account number, the number of shares and other relevant information for each of the Plans Client Accounts which are owners of the Fund shares held in an FTC Omnibus Account. (ii) For purposes of the parameters which govern the Fund Company's acceptance of transactions as disclosed in the Fund's prospectus or otherwise the subject of prior written notification to FTC by the Fund Company or the Fund(s). Such Fund parameters may include, among others, minimum or maximum purchase or liquidation amounts. FTC agrees to maintain and enforce at the Plan level the Fund parameters listed in Exhibit 1(b)(4)(ii) to this Agreement, and the Fund Company will not cancel or otherwise reject, and agrees to direct each Fund not to cancel or otherwise reject, any transaction requested by FTC except when such Fund is canceling or rejecting similar transactions from other sources due to these parameters as broadly and equitably applied. The Fund Company agrees to cause the same day notification of the rejection or cancellation of any Fund purchase or redemption requested by FTC. (5) The parties agree that the cost of each Fed Funds wire transfer is the sole responsibility of the party sending the wire. The parties further agree that the interest cost associated with any delayed wire is the sole responsibility of the party sending the wire. (6) In the event that a Fund cannot verify redemption proceeds due to system problems or other unforeseen circumstances, the Fund Company will settle trades and forward redemption proceeds in accordance with this agreement based on the information supplied by FTC. (7) FTC will maintain separate accounting and recordkeeping for each of the PlansClient Accounts, and will allocate on its records the number of Fund shares purchased, accrued as dividends and redeemed, and any cash dividends or distributions paid on account of the shares of each Fund, for each of the PlansClient Accounts. FTC will reconcile the amounts posted to each Plan Client Accounts with the amounts recorded on the Transfer Agent's records for each Fund for each respective FTC Omnibus Account on a monthly basisAccount. (8) The Fund Company agrees to notify FTC in writing regarding the closing of any Fund by its Board of Directors to initial purchases promptly upon receipt of such information from the Fund. FTC will maintain records at the Plan Client Accounts level to limit the purchase of any such Fund on and after the effective date of such closing to Plans Client Accounts which are shareholders of the Fund at the time of the purchase request or to Plans Client Accounts which otherwise qualify to purchase shares of the Fund under other circumstances authorized by the Fund. Subsequent to its receipt of proper notice, FTC agrees to indemnify and hold harmless the Fund Company and the Fund from any loss, expense or cost associated with the cancellation of any purchase order executed in violation of this section. The Fund Company agrees to cause the processing of all purchase orders requested by FTC for any Fund closed only to initial purchases. (9) The Fund Company will notify FTC in writing regarding the closing or suspension of the availability of any Fund by its Board of Directors to all purchases promptly upon receipt of such information from the Fund. FTC agrees not to process purchase orders in closed Funds as to which it has been so notified. (10) The Fund Company will be responsible under this Agreement for the servicing of the respective FTC Omnibus Accounts and will have no responsibility for the servicing of the PlansClient Accounts. FTC will provide recordkeeping services to the Plans. The foregoing obligations of the parties are more particularly described on Exhibit 1(b)(11), which is made a part of this AgreementClient Accounts.