NET ASSET VALUE, DISTRIBUTIONS, REDEMPTIONS AND REPURCHASES. Section 1. Determination of Net Asset Value, Net Income, Dividends and Distributions . Subject to applicable law and Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe such bases and times for valuing the net assets of the Trust and determining the net asset value of Shares, which net asset value shall be separately determined for each Series (and class), for determining the net income attributable to the Shares, or for declaring and paying dividends and other distributions on Shares, as they may deem necessary or desirable.
Appears in 6 contracts
Samples: Agreement and Declaration (Gottex Multi-Alternatives Fund -- Class II), Agreement and Declaration (Gottex Multi-Alternatives Fund -- Class I), Gottex Multi-Asset Endowment Fund -- Class II
NET ASSET VALUE, DISTRIBUTIONS, REDEMPTIONS AND REPURCHASES. Section 1. Determination of Net Asset Value, Net Income, Dividends and Distributions Distributions. Subject to applicable law and Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe such bases and times for valuing the net assets of the Trust and determining the net asset value of Shares, which net asset value shall be separately determined for each Series (and class), for determining the net income attributable to the Shares, or for declaring and paying dividends and other distributions on Shares, as they may deem necessary or desirable.
Appears in 2 contracts
Samples: Archstone Alternative Solutions Fund, Agreement (Madison Avenue Global Fund)
