REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent acknowledges that it has received a copy of the Trust's prospectus and statement of additional information, which prospectus and statement of additional information describe how sales and redemption of Shares of the Trust shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Shares of the Trust on each Trust Business Day in accordance with such prospectus and statement of additional information. The Trust agrees to provide the Transfer Agent with sufficient advance notice to enable the Transfer Agent to effect any changes in the procedures set forth in the prospectus and statement of additional information regarding such purchase and redemption procedure; provided, however, that in no event will such advance notice be less than 30 days.
REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent acknowledges that it has received a copy of the Fund's prospectus and statement of additional information, which prospectus and statement of additional information describe how sales and redemption of shares of the Fund shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Fund shares on each Fund Business Day in accordance with such prospectus and statement of additional information; provided, however, that the Transfer Agent shall only accept purchase orders from states in which the shares of the Fund are registered. The Fund shall provide the Transfer Agent with a listing of the states where the Fund is registered on a periodic basis. The Fund agrees to provide the Transfer Agent with sufficient advance notice to enable the Transfer Agent to effect any changes in the procedures set forth in the prospectus and statement of additional information regarding such purchase and redemption procedure; provided, however, that in no event will such advance notice be less than 30 days.
REDEMPTION AND TRANSFER OF SHARES. Each of Sponsor and the Parent Holders agrees that it shall not, directly or indirectly, (a) redeem, submit a request to Parent’s transfer agent to redeem or otherwise exercise any right to redeem, any Subject Securities, (b) sell, assign, hypothecate, transfer (including by operation of law), lien, pledge, dispose of or otherwise encumber any of the Subject Securities or otherwise agree to do any of the foregoing (a “Transfer”), (c) deposit any Shares into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement, (d) enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect acquisition or sale, assignment, hypothecation, transfer (including by operation of law) or other disposition of any Subject Securities, (e) establish or increase a put equivalent position or liquidate or decrease a call equivalent provision within the meaning of Section 16 of the Exchange Act with respect to any Subject Securities, (f) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Subject Securities, or (g) publicly announce any intention to effect any of the foregoing transactions; provided, however, Sponsor may Transfer any of its Subject Securities (i) to Parent’s directors or officers, any Affiliates or family members of any of Parent’s directors or officers, any members of Sponsor, or any Affiliates of Sponsor and (ii) by private sales or transfers made in connection with transactions contemplated by the Merger Agreement at prices no greater than the price at which the Subject Securities were originally purchased (a “Permitted Transfer”); provided, further, as a precondition to any such Permitted Transfer, the transferee must become a party to this Agreement by executing and delivering a signed joinder agreement in a form and substance satisfactory to Parent and the Company.
REDEMPTION AND TRANSFER OF SHARES. BNYM shall process requests to redeem Shares as follows:
REDEMPTION AND TRANSFER OF SHARES. 1. (a) The Transfer Agent acknowledges that it has received a copy of the Fund's prospectuses which prospectuses describe how sales and redemption of shares of the Fund shall be made, and the Transfer Agent agrees to accept purchase orders and redemption requests with respect to Fund shares on each Fund Business Day in accordance with such prospectuses. The Fund agrees to notify the Transfer Agent as soon as possible under the circumstances of any changes in the procedures set forth in the prospectuses regarding such purchase and redemption procedure.
