Automatic Purchases. If the Fund is a Winning Fund, the Auction Program shall automatically issue a purchase order to the Fund, which the Fund shall effect at its NAV determined at the Market Close that day. ReFlow shall have no discretion in purchasing Shares as determined by the automated Auction process.
Appears in 10 contracts
Samples: Participating Fund Agreement (Forum Funds), Participating Fund Agreement (Capitol Series Trust), Participating Fund Agreement (Hc Capital Trust)
Automatic Purchases. If the Fund is a Winning Fund, the Auction Program shall automatically issue a purchase order to the Fund, which the Fund shall effect at its NAV determined at the prior Business Day's Market Close that dayClose. ReFlow shall have no discretion in purchasing Shares as determined by the automated Auction process.
Appears in 1 contract
Samples: Participating Fund Agreement (Advisors Inner Circle Fund)
Automatic Purchases. If the Fund is a Winning Fund, the Auction Program shall automatically issue a purchase order to the Fund, which the Fund shall effect at its NAV determined at the Market Close that day. ReFlow shall have no discretion in purchasing Shares as determined detennined by the automated Auction process.
Appears in 1 contract
Samples: Participating Fund Agreement (Investment Managers Series Trust)
