Common use of Transaction Processing and Settlement Clause in Contracts

Transaction Processing and Settlement. The Company transaction processing system shall enable the Plans to purchase, redeem and exchange shares of Funds available through Company. Company shall facilitate settlement with each Fund of Plan transactions in such Fund insofar as such transactions are transmitted by Company on behalf of the Plans. The Trust agrees that it shall either: (1) make arrangements for all transactions processed pursuant to this Agreement to be processed through the National Securities Clearing Corporation Fund./SERV system, or (2) obtain proper authority for Company to transmit

Transaction Processing and Settlement. The Company transaction processing system shall enable the Plans to purchase, redeem and exchange shares of Funds available through Company. Company shall facilitate settlement with each Fund of Plan transactions in such Fund insofar as such transactions are transmitted by Company on behalf of the Plans. The Trust agrees that it shall either: (1) make arrangements for all transactions processed pursuant to this Agreement to be processed through the National Securities Clearing Corporation Fund./SERV system, or (2) obtain proper authority for Company to transmit.