Common use of Queue System Clause in Contracts

Queue System. In the event redemption requests on any day exceed ten (10) percent of the number of Units outstanding, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first come first served basis for up to ten (10) percent of the Units in issue. The Management Company shall proceed to sell adequate assets of the Fund and/ or arrange borrowing as it deems fit in the best interest of the Unit Holder(s) and shall determine the redemption price to be applied to the redemption requests based on such action. The requests in excess of the ten (10) percent shall be treated as redemption requests qualifying for being processed on the next Business Day at the price to be determined for such redemption requests. However, if the carried over requests and the fresh requests received on the next Business Day still exceed-ten (10) percent of the Units in issue or ten (10) percent of the NAV of the Fund, these shall once again be treated on first-come-first served basis and the process for generating liquidity and determining the Redemption Price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.

Queue System. In the event redemption requests for Units on any day exceed ten percent (10%) percent of the number of Units outstandingin issue, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first come first served basis for up to ten percent (10%) percent of the Units in issue. The Management Company shall proceed to sell adequate assets of the Fund and/ and / or arrange borrowing as it deems fit in the best interest of the Unit Holder(s) Holders and shall determine the redemption price Redemption Price to be applied to the redemption requests based on such action. The redemption requests in excess of the ten percent (10%) percent of the Units in issue shall be treated as redemption requests qualifying for being processed on carried over to the next Business Day at the price to be determined for such redemption requestsDay. However, if the carried over requests and the fresh requests received on the next Business Day still exceed-exceeds ten percent (10%) percent of the Units in issue or ten (10) percent of the NAV of the Fundas on that day, these shall once again be treated on first-come-first come first served basis and the process for generating liquidity and determining the Redemption Price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.

Queue System. In 64[In the event redemption requests on any day exceed ten (10) percent of either the number of Units outstandingoutstanding or the rupee redemption value of the Units in issue, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first come first served basis for up to ten (10) percent of the Units in issue. The Management Company shall proceed to sell adequate assets of the Fund and/ or arrange borrowing as it deems fit in the best interest of the Unit Holder(s) and shall determine the redemption price to be applied to the redemption requests based on such action. The requests in excess of the ten (10) percent shall be treated as redemption requests qualifying for being processed on the next Business Day at the price to be determined for such redemption requests. However, if the carried over requests and the fresh requests received on the next Business Day still exceed-ten (10) percent of the Units in issue or ten (10) percent of the NAV of the Fund, these shall once again be treated on first-come-first served basis and the process for generating liquidity and determining the Redemption Price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.]

Queue System. In the event redemption requests for Units on any day exceed ten percent (10%) percent of the number of Units outstandingin issue, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first come first served basis for up to ten percent (10%) percent of the Units in issue. The Management Company shall proceed to sell adequate assets of the Fund and/ or arrange borrowing as it deems fit in the best interest of the Unit Holder(s) Holders and shall determine the redemption price Redemption Price to be applied to the redemption requests based on such action. .. The redemption requests in excess of the ten percent (10%) percent of the Units in issue shall be treated as redemption requests qualifying for being processed on carried over to the next Business Day at the price to be determined for such redemption requestsDay. However, if the carried over requests and the fresh requests received on the next Business Day still exceed-exceeds ten percent (10%) percent of the Units in issue or ten (10) percent of the NAV of the Fundas on that day, these shall once again be treated on first-come-first come first served basis and the process for generating liquidity and determining the Redemption Price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.