Common use of DELAYED EFFECTIVE DATE Clause in Contracts

DELAYED EFFECTIVE DATE. Notwithstanding any provision of this Section 7.02 to the contrary, if the sell portion of a Conversion Election can not be processed due to a problem in the market, a liquidity shortage in an Investment Fund, or disruption of other sell or buy orders in another Investment Fund, the buy portion of the Conversion Election will not be processed on a Trade Date until the sell transaction can be processed.

DELAYED EFFECTIVE DATE. Notwithstanding any provision of this Section 7.02 7.2 to the contrary, if the sell portion of a Conversion Election can not be processed due to a problem in the market, a liquidity shortage in an Investment Fund, or disruption of other sell or buy orders in another Investment Fund, the buy portion of the Conversion Election will not be processed on a Trade Date until the sell transaction can be processed.