Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the error, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the error. If ReFlow owned shares of the Fund, and the Fund experienced more net sales than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
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Samples: Participating Fund Agreement (Saturna Investment Trust), Participating Fund Agreement (Amana Mutual Funds Trust)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the error, which the Fund agrees to acceptaccept in accordance with its prospectus, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the error. If ReFlow owned shares of the Fund, and the Fund experienced more net sales than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
Appears in 2 contracts
Samples: Participating Fund Agreement (Investment Managers Series Trust), Participating Fund Agreement (Investment Managers Series Trust)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow RxXxxx immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the errorincrease in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the errordecrease in the Auction Bid Dollar Amount. If ReFlow owned shares Shares of the Fund, and the Fund experienced more net sales subscriptions than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
Appears in 1 contract
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the error, which the Fund agrees to acceptaccept in accordance with its prospectus, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the error. If ReFlow owned shares of the Fund, and the Fund experienced more net sales than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow. .
Appears in 1 contract
Samples: Participating Fund Agreement (Advisors Preferred Trust)
Error Corrections. If the Fund has reported an error in its Order Flow ReportRepo1t, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reportedrepo1ted, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the error, which the Fund agrees to acceptaccept in accordance with its prospectus, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the error. If ReFlow owned shares of the Fund, and the Fund experienced more net sales than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
Appears in 1 contract
Samples: Participating Fund Agreement (Investment Managers Series Trust)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow XxXxxx immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the errorincrease in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the errordecrease in the Auction Bid Dollar Amount. If ReFlow XxXxxx owned shares of the Fund, and the Fund experienced more net sales subscriptions than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
Appears in 1 contract
Samples: Participating Fund Agreement (Capitol Series Trust)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow RxXxxx immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the errorincrease in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the errordecrease in the Auction Bid Dollar Amount. If ReFlow RxXxxx owned shares Shares of the Fund, and the Fund experienced more net sales subscriptions than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
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Error Corrections. On each Business Day that an Auction is held, ReFlow shall establish a Cash Reserve currently equal to at least one half of one percent of the Final Auction Amount but subject to change. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the error, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction AmountCash Reserve. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the error. If ReFlow owned shares of the Fund, and the Fund experienced more net sales than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a1) the amount of the error, or (b2) the amount of Shares held by ReFlow. Any amounts received from such redemptions will be added to the Cash Reserve.
Appears in 1 contract
Samples: Participating Fund Agreement (Advisors Inner Circle Fund)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow XxXxxx immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the errorincrease in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlowXxXxxx, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the errordecrease in the Auction Bid Dollar Amount. If ReFlow owned shares Shares of the Fund, and the Fund experienced more net sales subscriptions than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlowXxXxxx.
Appears in 1 contract
Samples: Participating Fund Agreement (Hotchkis & Wiley Funds /De/)
Error Corrections. If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error. If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information. If the error is discovered after the Auction has been held, the Fund shall submit the corrected information as soon as possible thereafter. If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the errorincrease in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the errordecrease in the Auction Bid Dollar Amount. If ReFlow owned shares of the Fund, and the Fund experienced more net sales subscriptions than previously reported, ReFlow shall issue an additional redemption order to the Fund equal to the lesser of (a) the amount of the error, or (b) the amount of Shares held by ReFlow.
Appears in 1 contract
Samples: Participating Fund Agreement (Capitol Series Trust)