Early Withdrawal Fees. 12.1 Early Withdrawal Fees are applied in case a PAMM Investor requests a withdrawal before the end of the Trading Interval according to the terms of the Offer subscribed. The Trading Interval is specified in the Offer that the PAMM Investor subscribes at the time of the first deposit.
Early Withdrawal Fees. In accordance with our administrative policies, we may apply an early withdrawal fee of 2% of the amount withdrawn from any Fund, if Units are Redeemed within 30 business days after the Units were allocated to the Contract. Any such early withdrawal fee is in addition to any Redemption Fee which may apply. The early withdrawal fee will not be charged in circumstances described in Section 11.1(c) of the Contract where the Redemption Fee is waived. We may charge the early withdrawal fee if Units are transferred from a Fund within 30 business days after having been allocated to that Fund. Early withdrawal fees, if charged, are deducted from the amount withdrawn or transferred and retained by the Fund from which the withdrawal or transfer occurs.
