Common use of Automatic Redemptions Clause in Contracts

Automatic Redemptions. If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares sold as reported in the Order Flow Report; or (b) the number of shares owned by ReFlow. ReFlow may, in its sole discretion, adopt additional automatic redemption policies, pursuant to which ReFlow shall redeem shares, regardless of whether a Participating Fund remains in a state of net redemptions. Any such policy shall be disclosed on ReFlow’s website. Any policy shall apply uniformly to all Participating Funds, and any change to a policy shall apply only in respect of shares of the Fund purchased after such policy is disclosed. The Fund shall effect all automatic redemption orders at the NAV of the Fund calculated at Market Close that day. Any cash to be received by ReFlow from automatic redemptions will be added to the Final Auction Amount. ReFlow reserves the right to cancel automatic redemptions at any time prior to Market Close on any Business Day, provided that it provides notice of the cancellation on its website or through alternative means specified by ReFlow.

Automatic Redemptions. If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares sold as reported in the Order Flow Report; or (b) the number of shares owned by ReFlow. ReFlow may, in its sole discretion, adopt additional automatic redemption policies, pursuant to which ReFlow shall redeem shares, regardless of whether a Participating Fund remains in a state of net redemptions. Any such policy shall be disclosed on ReFlow’s website. Any policy shall apply uniformly to all Participating Funds, and any change to a policy shall apply only in respect of shares of the Fund purchased after such policy is disclosed. The Fund shall effect all automatic redemption orders at the NAV of the Fund calculated at Market Close that day. Any cash to be received by ReFlow from automatic redemptions will be added to the Final Auction Amount. ReFlow reserves the right to cancel automatic redemptions at any time prior to Market Close on any Business Day, provided that it provides notice of the cancellation on its website or through alternative means specified by ReFlow.

Automatic Redemptions. If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares Shares sold as reported in the Order Flow Report; or (b) the number of shares Shares owned by ReFlow. ReFlow may, in its sole discretion, adopt additional automatic redemption policies, pursuant to which ReFlow shall redeem sharesShares, regardless of whether a Participating Fund remains in a state of net redemptions. Any such policy shall be disclosed on ReFlow’s website. Any policy shall apply uniformly to all Participating Funds, and any change to a policy shall apply only in respect of shares Shares of the Fund purchased after such policy is disclosed. The Fund shall effect all automatic redemption orders at the NAV of the Fund calculated at Market Close that day. Any cash to be received by ReFlow from automatic redemptions will be added to the Final Auction Amount. ReFlow reserves the right to cancel automatic redemptions at any time prior to Market Close on any Business Day, provided that it provides notice of the cancellation on its website or through alternative means specified by ReFlow.

Automatic Redemptions. If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares sold as reported repo1ied in the Order Flow Report; or (b) the number of shares owned by ReFlow. ReFlow may, in its sole discretion, adopt additional automatic redemption policies, pursuant to which ReFlow shall redeem shares, regardless of whether a Participating Fund remains in a state of net redemptions. Any such policy shall be disclosed on ReFlow’s 's website. Any policy shall apply uniformly to all Participating Funds, and any change to a policy shall apply only in respect of shares of the Fund purchased after such policy is disclosed. The Fund shall effect all automatic redemption orders at the NAV of the Fund calculated at Market Close that day. Any cash to be received by ReFlow from automatic redemptions will be added to the Final Auction Amount. ReFlow reserves the right to cancel automatic redemptions at any time prior to Market Close on any Business Day, provided that it provides notice of the cancellation on its website or through alternative means specified by ReFlow.

Automatic Redemptions. If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares Shares sold as reported in the Order Flow Report; or (b) the number of shares Shares owned by ReFlow. ReFlow may, in its sole discretion, adopt additional automatic redemption policies, pursuant to which ReFlow shall redeem sharesShares, regardless of whether a Participating Fund remains in a state of net redemptions. Any such policy shall be disclosed on ReFlow’s 's website. Any policy shall apply uniformly to all Participating Funds, and any change to a policy shall apply only in respect of shares Shares of the Fund purchased after such policy is disclosed. The Fund shall effect all automatic redemption orders at the NAV of the Fund calculated at Market Close that day. Any cash to be received by ReFlow from automatic redemptions will be added to the Final Auction Amount. ReFlow reserves the right to cancel automatic redemptions at any time prior to Market Close on any Business Day, provided that it provides notice of the cancellation on its website or through alternative means specified by ReFlow.