Common use of Determination of Purchase (Offer) Price Clause in Contracts

Determination of Purchase (Offer) Price. 7.2.1 During the Initial Offer, the Units will be offered at Initial Price. After the Initial Period, the Offer Price shall be calculated and announced by the Management Company for every Dealing Day. 7.2.2 After the Initial Offer, the Offer Price for the Unit Holder(s) shall be determined from time to time pursuant to Clause 7.2.3 hereafter and Clause 57 of the Regulations. 7.2.3 The Purchase (Offer) Price shall be equal to the sum of: a) The Net Asset Value as of the close of the Dealing Day; b) Any Front-end Load; c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; and d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs. Such sum shall be adjusted up to four decimal places. Units will be allocated to the investor(s) at the Purchase (Offer) Price so determined for the Dealing Day on the basis of completely and correctly filled investment form(s) submitted by the investor(s) is/are received by the Distributor(s) or the Management Company during business hours. The Management Company will make arrangements, from time to time, for receiving purchase requests from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. In general, the Offer Price applicable to purchase requests received from outside Pakistan will be the Offer Price applicable on the date the Trustee receives the payments from international investors provided it is a Dealing Day otherwise the Purchase (Offer) Price of the next Dealing Day will apply. The Management Company may announce different classes of Units with differing levels of Front-end and/or Back-end load,. Consequently, the Offer Price may differ for Units issued for different investors. 7.2.4 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Property). 7.2.5 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3 (c) exceeds the relevant amount of Duties and Charges, the Registrar, as per instructions of Management Company, shall issue additional Units or fractions thereof to the Unit Holder(s) based on the price applicable to the Units issued against the relevant application. 7.2.6 The Offer Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(ies) and may, at the discretion of the Management Company, also be published in at least one daily newspaper widely circulated in Pakistan. 7.2.7 The sale, redemption and transfer of Units and any other dealings in the Units may be carried out On-line, with the consent of the Trustee to the extent permitted by and in accordance with applicable law.

Determination of Purchase (Offer) Price. 7.2.1 During the Initial Offer, the Units will be offered at Initial Price. After the Initial Period, the Offer Price shall be calculated and announced by the Management Company for every Dealing Day. 7.2.2 After the Initial Offer, the Offer Price for the Unit Holder(s) shall be determined from time to time pursuant to Clause 7.2.3 hereafter and Clause 57 of the Regulations. 7.2.3 The Purchase (Offer) Price shall be equal to the sum of: a) The Net Asset Value as of the close of the preceding Dealing Day; b) Any Front-end Load; c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; and d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs. Such sum shall be adjusted up to four decimal places. Units will be allocated to the investor(s) at the Purchase (Offer) Price so determined for the preceding Dealing Day on the basis of completely and correctly filled investment form(s) submitted by the investor(s) is/are received by the Distributor(s) or the Management Company during business hours. The Management Company will make arrangements, from time to time, for receiving purchase requests from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. In general, the Offer Price applicable to purchase requests received from outside Pakistan will be the Offer Price applicable on the date the Trustee receives the payments from international investors provided it is a Dealing Day otherwise the Purchase (Offer) Price of the next Dealing Day will apply. The Management Company may announce different classes of Units with differing levels of Front-end and/or Back-end load,. , Consequently, the Offer Price may differ for Units issued for different investors. 7.2.4 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Property). 7.2.5 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3 (c) exceeds the relevant amount of Duties and Charges, the Registrar, as per instructions of Management Company, shall issue additional Units or fractions thereof to the Unit Holder(s) based on the price applicable to the Units issued against the relevant application. 7.2.6 The Offer Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(ies) and may, at the discretion of the Management Company, also be published in at least one daily newspaper widely circulated in Pakistan. 7.2.7 The sale, redemption and transfer of Units and any other dealings in the Units may be carried out On-line, with the consent of the Trustee to the extent permitted by and in accordance with applicable law.

Determination of Purchase (Offer) Price. 7.2.1 During the Initial Offer, the Units will be offered at Initial PricePar or Offer Price determined by the Management Company and stated in the Offering Document. After the Initial Period, the Offer Price shall be calculated and announced by the Management Company for every Dealing Day. 7.2.2 After the Initial Offer, the Offer Purchase (Offer) Price for the Unit Holder(s) shall be determined from time to time pursuant to Clause 7.2.3 hereafter and Clause 57 clause 66 of the Regulations. 7.2.3 The Purchase (Offer) Price shall be equal to the sum of: a) The Net Asset Value as of the close of the Dealing Day; b) Any Front-end Load; c) Such amount as the Management Company may consider an appropriate provision for Duties and & Charges; and, levies etc; d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs. Such ; such sum shall may be adjusted up to four decimal places. places Units will be allocated to the investor(s) at the Purchase (Offer) Price so determined for the Dealing Day on the basis of which completely and correctly filled investment form(s) submitted by the investor(s) is/are received by the Distributor(s) or the Management Company during business hours. The Management Company will make arrangements, from time to time, for receiving purchase requests from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. In general, the Offer Price applicable to purchase requests received from outside Pakistan will be the Offer Price applicable on the date the Trustee receives the payments from international investors provided it is a Dealing Day otherwise the Purchase (Offer) Price of the next Dealing Day will apply. The Management Company may announce different classes of Units with differing levels of Front-end and/or Back-end load,, which may also vary according to other criteria in the Management Company’s sole discretion. Consequently, the Offer Price may differ for Units issued for different investors. 7.2.4 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Property). 7.2.5 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3 (c) exceeds the relevant amount of Duties and Charges, the Registrar, as per instructions of Management Company, shall issue additional Units or fractions thereof to the Unit Holder(s) based on the price applicable to the Units issued against the relevant application. 7.2.6 The Offer Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(ies) and may, at the discretion of the Management Company, also be published in at least one daily newspaper widely circulated in Pakistan. 7.2.7 The sale, redemption and transfer of Units and any other dealings in the Units may be carried out On-line, with the consent of the Trustee to the extent permitted by and in accordance with applicable law.

Determination of Purchase (Offer) Price. 7.2.1 During the Initial Offer, the Units will be offered at Initial PricePrice . After the Initial Period, the Offer Price shall be calculated and announced by the Management Company for every Dealing Day. 7.2.2 After the Initial Offer, the Offer Price for the Unit Holder(s) shall be determined from time to time pursuant to Clause 7.2.3 hereafter and Clause clause 57 of the Regulations. 7.2.3 The Purchase (Offer) Price shall be equal to the sum of: a) The Net Asset Value as of the close of the Dealing Day; b) Any Front-end Load; c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; and d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs. Such sum shall be adjusted up to four decimal places. Units will be allocated to the investor(s) at the Purchase (Offer) Price so determined for the Dealing Day on the basis of which completely and correctly filled investment form(s) submitted by the investor(s) is/are received by the Distributor(s) or the Management Company during business hours. The Management Company will make arrangements, from time to time, for receiving purchase requests from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. In general, the Offer Price applicable to purchase requests received from outside Pakistan will be the Offer Price applicable on the date the Trustee receives the payments from international investors provided it is a Dealing Day otherwise the Purchase (Offer) Price of the next Dealing Day will apply. The Management Company may announce different classes of Units with differing levels of Front-end and/or Back-end load,, at Management Company’s sole discretion. Consequently, the Offer Price may differ for Units issued for different investors. 7.2.4 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Property). 7.2.5 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3 (c) exceeds the relevant amount of Duties and Charges, the Registrar, as per instructions of Management Company, shall issue additional Units or fractions thereof to the Unit Holder(s) based on the price applicable to the Units issued against the relevant application. 7.2.6 The Offer Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(ies) and may, at the discretion of the Management Company, also be published in at least one daily newspaper widely circulated in Pakistan. 7.2.7 The sale, redemption and transfer of Units and any other dealings in the Units may be carried out On-line, with the consent of the Trustee to the extent permitted by and in accordance with applicable law.

Determination of Purchase (Offer) Price. 7.2.1 12.2.1 During the Initial OfferPeriod, the Units will be offered at Initial Price. par value determined by the Management Company and stated in the Offering Document. 12.2.2 After the Initial Period, the Offer Purchase (Offer) Price shall be calculated and announced by the Management Company for every Dealing Day. 7.2.2 After the Initial Offer, the Offer Price for the Unit Holder(s) shall be determined from time to time pursuant to Clause 7.2.3 12.2.4 hereafter and Clause 57 of the Regulations which shall be calculated and announced by the Management Company on each Business Day in accordance with the Regulations. 7.2.3 12.2.3 The method of determining the value of assets and liabilities of the Trust Property and the NAV shall be in compliance with the Regulations. 12.2.4 The Purchase (Offer) Price shall be equal to the sum of: (a) The the Net Asset Value as of the close of the Dealing Business Day; (b) Any any Front-end LoadLoad as per the Offering Document but not exceeding five percent of the Net Assets Value; (c) Such such amount as the Management Company may consider being an appropriate provision for government taxes, Duties and Charges; and. d) Such amount as the 12.2.5 The Management Company may consider an appropriate provision for Transaction Costs. Such sum shall be adjusted up to four decimal places. announce different classes of Units will be allocated to with differing levels of Front-end and/or Back-end Load through the investor(s) at the Purchase (Offer) Price Offering Document. 12.2.6 The Offer price so determined for the Dealing Day on the basis of completely and correctly filled investment form(s) submitted by the investor(s) is/are shall apply to purchase request, complete in all respects (including payments in this regard), received by the Distributor(s) or Distributor before the Management Company during business hourscut off time of 4.00 pm for acceptance of application for issuance of units on the Business Day on which the investment form has been received. Provided that if a Business Day is not a Subscription Day the Offer Price calculated on the next Subscription Day shall apply to the purchase request. The Management Company will make arrangements, from time to time, for receiving purchase requests request from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. In general, the Offer Price applicable to purchase requests received from outside Pakistan will be the Offer Price applicable on the date the Trustee receives the payments from international investors provided it is a Dealing Subscription Day otherwise the Purchase (Offer) Offer Price of the next Dealing Subscription Day will apply. The Management Company may announce different classes of Units with differing levels of Front-end and/or Back-end load,. Consequently, the Offer Price may differ for Units issued for different investors. 7.2.4 12.2.7 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3(c12.2.4(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive retrospective effect after the date of payment in which case such excess shall be recovered from the Trust Property). 7.2.5 12.2.8 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.2.3 (c12.2.4(c) exceeds the relevant amount of Duties and Charges, the Registrar, as per instructions of Management Company, /Transfer Agent shall issue additional Units or fractions thereof to the Unit Holder(s) based on the price applicable to the Units issued against the relevant application. 7.2.6 12.2.9 The Offer Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(ies) Companies and may, at the discretion of the Management Company, Company may also be published in at least two daily newspapers, one daily newspaper in English and one in Urdu, widely circulated in Pakistan. 7.2.7 The sale, redemption and transfer of Units and any other dealings in the Units may be carried out On-line, with the consent of the Trustee to the extent permitted by and in accordance with applicable law.