Common use of For Acquired Funds that are Mutual Funds Clause in Contracts

For Acquired Funds that are Mutual Funds. The Acquiring Fund will use reasonable efforts to spread large redemption requests (greater than 3% of the relevant Acquired Fund’s total outstanding voting securities) equally over multiple days or to provide reasonable advance notification of such large redemption requests to the relevant Acquired Fund whenever practicable and only if consistent with the Acquiring Fund’s and its shareholders’ best interests. The Acquired Fund acknowledges and agrees that any notification provided pursuant to the foregoing is not a commitment to redeem and constitutes an estimate that may differ materially from the amount, timing and manner in which a redemption request is submitted, if any.

Appears in 5 contracts

Samples: Funds Investment Agreement (Exchange Listed Funds Trust), Funds Investment Agreement (Exchange Traded Concepts Trust), Funds Investment Agreement (Symmetry Panoramic Trust)

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