Common use of Systematic Withdrawal Plans Clause in Contracts

Systematic Withdrawal Plans. CISC will administer systematic withdrawal plans pursuant to the provisions of withdrawal orders duly executed by shareholders and the Trust's Prospectus. Payments upon such withdrawal orders shall be made by CISC from the appropriate account maintained by the Trust with the Custodian. Prior to the payment date CISC will withdraw from a shareholder's account and present for repurchase or redemption as many shares as shall be sufficient to make such withdrawal payment pursuant to the provisions of the shareholder's withdrawal plan and the Prospectus.

Appears in 1 contract

Sources: Shareholder Agreements (Stein Roe Advisor Trust)

Systematic Withdrawal Plans. CISC will administer systematic withdrawal plans pursuant to the provisions of withdrawal orders duly executed by shareholders and the TrustFund's Prospectus. Payments upon such withdrawal orders shall be made by CISC from the appropriate account maintained by the Trust with the Custodian. Prior to the payment date date, CISC will withdraw from a shareholder's account and present for repurchase or redemption as many shares as shall be sufficient to make such withdrawal payment pursuant to the provisions of the shareholder's withdrawal plan and the Prospectus.

Appears in 1 contract

Sources: Transfer Agent Agreement (Liberty Stein Roe Advisor Trust)