Common use of Wire Transfer Operating Guidelines Clause in Contracts

Wire Transfer Operating Guidelines. 6.1 The Transfer Agent is authorized to debit promptly the appropriate Fund account(s) upon the receipt of a payment order in compliance with the security procedure selected by the Fund and communicated in writing to the Transfer Agent by the Fund (the “Security Procedure”) for electronic funds transfer and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Fund’s instructions on the execution date in such instructions, provided that such payment order is received by the close of the NYSE (usually 4:00 p.m. Eastern Time) on such date, or such other deadline agreed to in writing with the Fund, for processing such a request. All payment orders and communications received thereafter will be deemed to have been received the next Business Day. 6.2 The Fund acknowledges that the Security Procedure was selected by it from security procedures offered by the Transfer Agent. The Fund shall restrict access to confidential information relating to the Security Procedure to authorized persons selected by the Fund and communicated to the Transfer Agent in writing. The Fund shall promptly notify the Transfer Agent if it has reason to believe any unauthorized person may have obtained access to such information or if the Fund changes such authorized personnel. the Transfer Agent shall verify the authenticity of all such Fund instructions according to the Security Procedure. 6.3 The Transfer Agent shall process all payment orders on the basis of the account numbers contained in the payment order. In the event of a discrepancy between any name indicated on the payment order and the account number, the account number shall take precedence and govern. 6.4 The Transfer Agent reserves the right to decline to process or delay the processing of a payment order (i) that is in excess of the collected balance in the account to be charged at the time of the Transfer Agent’s receipt of such payment order; (ii) if initiating such payment order would cause the Transfer Agent, in the Transfer Agent’s sole judgment, to exceed any volume, aggregate dollar, network, time, credit or similar limits that are applicable to the Transfer Agent; or (iii) if the Transfer Agent, in good faith, is unable to satisfy itself that the transaction has been properly authorized. 6.5 The Transfer Agent shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure, provided that such requests are received in a timely manner affording the Transfer Agent reasonable opportunity to act. However, the Transfer Agent assumes no liability if the request for amendment or cancellation cannot be satisfied. 6.6 The Transfer Agent shall assume no responsibility for failure to detect any erroneous payment order, provided that the Transfer Agent complies with the payment order instructions as received and the Transfer Agent complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders. 6.7 The Transfer Agent shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless the Transfer Agent is notified of the unauthorized payment order within thirty (30) days of notification by the Transfer Agent to the Fund of the acceptance of such payment order. 6.8 Confirmation of the Transfer Agent’s execution of payment orders shall ordinarily be provided within twenty-four (24) hours, notice of which may be delivered through the Transfer Agent’s proprietary information systems provided that the Fund have access thereto, or by facsimile or telephone “call back.” The Fund shall report any objections to the execution of an order within thirty (30) days following the date of execution of such order.

Wire Transfer Operating Guidelines. 6.1 The Transfer Agent is authorized to debit promptly the appropriate Fund account(s) upon the receipt of a payment order in compliance with the security procedure selected by the Fund and communicated in writing to the Transfer Agent by the Fund (the “Security Procedure”) for electronic funds transfer and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Fund’s instructions on the execution date in such instructions, provided that such payment order is received by the close of the NYSE New York Stock Exchange (usually 4:00 p.m. Eastern Time) on such date, or such other deadline agreed to in writing with the Fund, for processing such a request. All payment orders and communications received thereafter will be deemed to have been received the next Business Day. 6.2 The Fund acknowledges that the Security Procedure was selected by it from security procedures offered by the Transfer Agent. The Fund shall restrict access to confidential information relating to the Security Procedure to authorized persons selected by the Fund and communicated to the Transfer Agent in writing. The Fund shall promptly notify the Transfer Agent if it has reason to believe any unauthorized person may have obtained access to such information or if the Fund changes such authorized personnel. the Transfer Agent shall verify the authenticity of all such Fund instructions according to the Security Procedure. 6.3 The Transfer Agent shall process all payment orders on the basis of the account numbers contained in the payment order. In the event of a discrepancy between any name indicated on the payment order and the account number, the account number shall take precedence and govern. 6.4 The Transfer Agent reserves the right to decline to process or delay the processing of a payment order (i) that is in excess of the collected balance in the account to be charged at the time of the Transfer Agent’s receipt of such payment order; (ii) if initiating such payment order would cause the Transfer Agent, in the Transfer Agent’s sole judgment, to exceed any volume, aggregate dollar, network, time, credit or similar limits that are applicable to the Transfer Agent; or (iii) if the Transfer Agent, in good faith, is unable to satisfy itself that the transaction has been properly authorized. 6.5 The Transfer Agent shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure, provided that such requests are received in a timely manner affording the Transfer Agent reasonable opportunity to act. However, the Transfer Agent assumes no liability if the request for amendment or cancellation cannot be satisfied. 6.6 The Transfer Agent shall assume no responsibility for failure to detect any erroneous payment order, provided that the Transfer Agent complies with the payment order instructions as received and the Transfer Agent complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders. 6.7 The Transfer Agent shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless the Transfer Agent is notified of the unauthorized payment order within thirty (30) days of notification by the Transfer Agent to the Fund of the acceptance of such payment order. 6.8 When the Fund, or a Shareholder initiates, or the Transfer Agent on behalf of the Fund receives, ACH credit and debit entries pursuant to this Article 6 and the rules of the National Automated Clearing House Association and the New England Clearing House Association, the Transfer Agent’s bank affiliate will act as an Originating Depository Financial Institution and/or Receiving Depository Financial Institution, as the case may be, with respect to such entries. Credits given by the Transfer Agent with respect to an ACH credit entry are provisional until the Transfer Agent receives final settlement for such entry from the Federal Reserve Bank. If the Transfer Agent does not receive such final settlement, the Fund agrees that the Transfer Agent shall receive a refund of the amount credited to the Fund in connection with such entry, and the party making payment to the Fund via such entry shall not be deemed to have paid the amount of the entry. 6.9 The Transfer Agent shall process contributions made by payroll deductions to the Shareholder’s account on the date of receipt by the Transfer Agent. A delay will be resolved as soon as practicable; provided, however, to the extent the delay is attributable solely to the Transfer Agent, every effort will be made to resolve the delay within 48 hours and posted to the applicable account with the trade date when such payroll deduction was received at the Transfer Agent. 6.10 Confirmation of the Transfer Agent’s execution of payment orders shall ordinarily be provided within twenty-four (24) hours, notice of which may be delivered through the Transfer Agent’s proprietary information systems provided that the Fund have access thereto, or by facsimile or telephone “call back.” The Fund shall report any objections to the execution of an order within thirty (30) days following the date of execution of such order.

Wire Transfer Operating Guidelines. Articles 4A of the Uniform Commercial ------------------------------------------------------------------------ Code ---- 6.1 The Transfer Agent is authorized to promptly debit promptly the appropriate Fund account(s) upon the receipt of a payment order in compliance with the selected security procedure selected by the Fund and communicated in writing to the Transfer Agent by the Fund (the “"Security Procedure”") chosen for electronic funds transfer and in the amount of money that the Transfer Agent has been instructed to transfer. The Transfer Agent shall execute payment orders in compliance with the Security Procedure and with the Fund’s Fund instructions on the execution date in such instructions, provided that such payment order is received by the close of the NYSE (usually 4:00 p.m. Eastern Time) on such date, or such other customary deadline agreed to in writing with the Fund, for processing such a request, unless the payment order specifies a later time. All payment orders and communications received thereafter after this the customary deadline will be deemed to have been received the next Business Daybusiness day. Upon execution and completion such Security Procedures shall be attached as Schedule 6.1 and may be updated by the parties from time to time. 6.2 The Fund acknowledges that the Security Procedure it has designated on the Fund Selection Form was selected by it the Fund from security procedures offered by the Transfer Agent. The Fund shall restrict access to confidential information relating to the Security Procedure to authorized persons selected by the Fund and as communicated to the Transfer Agent in writing. The Fund shall promptly must notify the Transfer Agent immediately if it has reason to believe any unauthorized person persons may have obtained access to such information or if of any change in the Fund changes such Fund's authorized personnel. the The Transfer Agent shall verify the authenticity of all such Fund instructions according to the Security Procedure. 6.3 The Transfer Agent shall process all payment orders on the basis of the account numbers number contained in the payment order. In the event of a discrepancy between any name indicated on the payment order and the account number, the account number shall take precedence and govern. 6.4 The Transfer Agent reserves the right to decline to process or delay the processing of a payment order which (ia) that is in excess of the collected balance in the account to be charged at the time of the Transfer Agent’s 's receipt of such payment order; (iib) if initiating such payment order would cause the Transfer Agent, in the Transfer Agent’s sole 's reasonable judgment, to exceed any volume, aggregate dollar, network, time, credit or similar limits that which are applicable to the Transfer Agent; or (iiic) if the Transfer Agent, in good faith, is unable to satisfy itself that the transaction has been properly authorized. 6.5 The Transfer Agent shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure, Procedure provided that such requests are received in a timely manner affording the Transfer Agent reasonable opportunity to act. However, the Transfer Agent assumes no liability if the request for amendment or cancellation cannot be satisfied. 6.6 The Transfer Agent shall assume no responsibility for failure to detect any erroneous payment order, order provided that the Transfer Agent complies with the payment order instructions as received and the Transfer Agent complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders. 6.7 The Transfer Agent shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless the Transfer Agent is notified of the unauthorized payment order within thirty (30) days of notification by the Transfer Agent to the Fund of the acceptance of such payment order. 6.8 Confirmation of the Transfer Agent’s execution of payment orders shall ordinarily be provided within twenty-four . In no event (24) hours, notice of which may be delivered through the Transfer Agent’s proprietary information systems provided that the Fund have access thereto, or by facsimile or telephone “call back.” The Fund shall report any objections including failure to the execution of an order within thirty (30) days following the date of execution of such order.execute a payment