Common use of Late Reports Clause in Contracts

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reported, which the Fund agrees to accept 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. b. If ReFlow owned shares of the Fund, and the Fund reports net sales, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the sales, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s 's Auction Bid shall not be included in calculating the Auction results. If the Fund’s 's Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. : If the Fund reports net redemptions, and the Fund’s 's Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reported, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. . If ReFlow owned shares of the Fund, and the Fund reports net sales, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the sales, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1II. I). If the Fund does not submit its Order Flow Report Repo1i by such time, the Auction shall commence and the Fund’s 's Auction Bid shall not be included in calculating the Auction results. If the Fund’s 's Order Flow Report Repo1t is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s 's Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reported, which the Fund agrees to accept 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. b. If ReFlow owned shares of the Fund, and the Fund reports net sales, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the sales, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reportedthe Auction Bid Dollar Amount, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. If ReFlow XxXxxx owned shares of the Fund, and the Fund reports net salessubscriptions, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the salesnet subscriptions, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reported, which the Fund agrees to accept in accordance with its prospectus, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined determine by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount. b. If ReFlow owned shares of the Fund, and the Fund reports net sales, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the sales, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1II.I). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s 's Auction Bid shall not be included in calculating the Auction results. If the Fund’s 's Order Flow Report is submitted after the Auction, ReFlow ReF!ow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s 's Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reportedthe Auction Bid Dollar Amount, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. If ReFlow RxXxxx owned shares Shares of the Fund, and the Fund reports net salessubscriptions, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the salesnet subscriptions, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline morning deadlines, currently 9:30 a.m. Eastern time each Business Day but subject to change (or later as provided in Section II.1). II. 1.) If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s 's Auction Bid shall not be included in calculating the Auction results. If the Fund’s 's Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. . If the Fund reports net redemptions, and the Fund’s 's Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reported, which the Fund agrees to accept 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. b. Cash Reserve. If ReFlow owned shares of the Fund, and the Fund reports net sales, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i1) the amount of the sales, or (ii2) the amount of Shares held by ReFlow. Any cash to be received from such redemptions will be added to the Cash Reserve.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reportedthe Auction Bid Dollar Amount, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. If ReFlow owned shares of the Fund, and the Fund reports net salessubscriptions, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the salesnet subscriptions, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reportedthe Auction Bid Dollar Amount, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. If ReFlow owned shares Shares of the Fund, and the Fund reports net salessubscriptions, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the salesnet subscriptions, or (ii) the amount of Shares held by ReFlow.

Late Reports. The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1). If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results. If the Fund’s Order Flow Report is submitted after the Auction, ReFlow shall take the following actions: a. If the Fund reports net redemptions, and the Fund’s Fee Bid was equal to or greater than the Winning Fee Bid, ReFlow shall issue a purchase order to the Fund for Shares in the amount of net redemptions reportedthe Auction Bid Dollar Amount, which the Fund agrees to accept in accordance with its prospectusaccept, 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. b. If ReFlow owned shares Shares of the Fund, and the Fund reports net salessubscriptions, ReFlow shall issue a redemption order to the Fund equal to the lesser of (i) the amount of the salesnet subscriptions, or (ii) the amount of Shares held by ReFlow.