Common use of Redemption by Shareholder Clause in Contracts

Redemption by Shareholder. Each holder of Shares of a particular Series shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Act, to require the Series to redeem all or any part of his Shares of that Series at a redemption price equal to the net asset value per Share of that Series next determined in accordance with subsection (l) of this Section 6.1 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to such Series at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series to require the Trust to redeem Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Series shall have the right on a daily basis, at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Act, to require the Series Trust to redeem all or any part of his or her Shares of that Series at a redemption price equal to the net asset value per Share of that Series next determined in accordance with subsection (lh) of this this Section 6.1 4.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities securities or other assets belonging to such the Series of which the Shares being redeemed are part at the value of such Securities securities or assets used in such determination of net asset value. If so authorized by the Trustees, the Trust may, at any time and from time to time, charge fees for effecting redemptions, at such rates as the Trustees may establish, as and to the extent permitted under the 1940 Act and may, from time to time, pursuant to the 1940 Act, suspend such right of redemption. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series to require the Trust to redeem Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act, and such redemption is conditioned upon the Trust having funds or property legally available therefor.

Redemption by Shareholder. Each holder of Shares of the Trust (or a particular Series thereof) shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Act, to require the Series Trust (or such Series) to redeem all or any part of his Shares of that Series the Trust (or such Series) at a redemption price equal to the net asset value per Share of that Series the Trust (or Series) next determined in accordance with subsection (l) of this this Section 6.1 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular the Trust (or any Series thereof) shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to such Series at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series to require the Trust to redeem Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act.at

Redemption by Shareholder. Each holder of Shares of a particular Series or Class shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his such Shares of that Series at a redemption price equal to the net asset value per Share of that Series or Class next determined in accordance with subsection (lh) of this this Section 6.1 6.2. after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption redemption, and that the proceeds of the redemption of Shares (including a fractional Share) of any Series or Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Series or Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge). Payment of the The redemption price of Shares redeemed under this subsection (e) shall be paid in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist with respect to any Series or Shares, or one or more Classes of any Series, which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to the Portfolio to which such Series or Class pertains, at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series or Class to require the Trust to redeem such Shares of that Series during any period period, or at any time when and to the extent permissible under the 1940 Act0000 Xxx.

Redemption by Shareholder. Each holder of Shares of a particular Series Portfolio shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his Shares of that Series Portfolio at a redemption price equal to the net asset value per Share of that Series Portfolio next determined in accordance with subsection (lh) of this this Section 6.1 6.2 after the Shares are properly tendered for redemption; provided, PROVIDED that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales chargeredemption. Payment of the redemption price shall be in cash; providedPROVIDED, howeverHOWEVER, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to such Series Portfolio at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series Portfolio to require the Trust to redeem Shares of that Series Portfolio during any period or at any time when and to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular any Series shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his such Shares of that Series at a redemption price equal to the net asset value per Share of that Series next determined in accordance with subsection (lg) of this this Section 6.1 6.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption. The redemption and that the proceeds of the redemption price of Shares redeemed under this subsection (including a fractional Sharee) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be paid in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist with respect to any Series of Shares which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to the Portfolio to which such Series pertains, at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series to require the Trust to redeem such Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Series Sub-Trust or Class thereof shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his Shares of that Series Sub-Trust or Class thereof at a redemption price equal to the net asset value per Share of that Series Sub-Trust or Class thereof next determined in accordance with subsection (lh) of this this Section 6.1 4.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities securities or other assets belonging to such Series the Sub-Trust of which the Shares being redeemed are part at the value of such Securities securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series Sub-Trust or Class thereof to require the Trust to redeem Shares of that Series Sub-Trust during any period or at any time when and to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Series shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his Shares of that Series at a redemption price equal to the net asset value per Share of that Series next determined in accordance with subsection (lh) of this this Section 6.1 4.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time subject to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to in effect at the distributor time of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales chargeredemption. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may may, subject to the requirements of the 1940 Act, make payment wholly or partly in Securities securities or other assets belonging to such the Series of which the Shares being redeemed are part at the value of such Securities securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series to require the Trust to redeem Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act, and such redemption is conditioned upon the Trust having funds or property legally available therefor.

Redemption by Shareholder. Each holder of Shares of a particular Series Sub-Trust or any class thereof shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his Shares of that Series Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Series Sub-Trust or class thereof next determined in accordance with subsection (lh) of this this Section 6.1 4.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge. Payment of the redemption price shall be in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities securities or other assets belonging to such Series the Sub-Trust of which the Shares being redeemed are part at the value of such Securities securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series Sub-Trust or class thereof to require the Trust to redeem Shares of that Series Sub-Trust during any period or at any time when and to the extent permissible under the 1940 Act. (g) Redemption by Trust tc \l3 "

Redemption by Shareholder. Each holder of Shares of a ------------------------- particular Series Portfolio shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his Shares of that Series Portfolio at a redemption price equal to the net asset value per Share of that Series Portfolio next determined in accordance with subsection (lh) of this this Section 6.1 6.2 after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in -------- their discretion, determine and impose a fee for such redemption and that the proceeds of the redemption of Shares (including a fractional Share) of any Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales chargeredemption. Payment of the redemption price shall be in cash; provided, however, -------- ------- that if the Trustees determine, which determination shall be conclusive, that conditions exist which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to such Series Portfolio at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series Portfolio to require the Trust to redeem Shares of that Series Portfolio during any period or at any time when and to the extent permissible under the 1940 Act0000 Xxx.

Redemption by Shareholder. Each holder of Shares of a particular Series or Class shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his such Shares of that Series at a redemption price equal to the net asset value per Share of that Series or Class next determined in accordance with subsection SUBSECTION (lH) of this Section 6.1 this SECTION 6.2 after the Shares are properly tendered for redemption; providedPROVIDED, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption redemption, and that the proceeds of the redemption of Shares (including a fractional Share) of any Series or Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of such Series or Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge). Payment of the The redemption price of Shares redeemed under this SUBSECTION (F) shall be paid in cash; provided, howeverPROVIDED, that if the Trustees determine, which determination shall be conclusive, that conditions exist with respect to any Series or Shares, or one or more Classes of any Series, which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to the Fund to which such Series or Class pertains, at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series or Class to require the Trust to redeem such Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Series or Class shall have the right at such times as may be permitted by the Trust, but no less frequently than required by the 1940 Actonce each week, to require the Series Trust to redeem all or any part of his such Shares of that Series at a redemption price equal to the net asset value per Share of that Series or Class next determined in accordance with subsection (lh) of this this Section 6.1 6.2. after the Shares are properly tendered for redemption; provided, that the Trustees may from time to time, in their discretion, determine and impose a fee for such redemption redemption, and that the proceeds of the redemption of Shares (including a fractional Share) of any Series or Class of a particular Series shall be reduced by the amount of any applicable contingent deferred sales charge or other sales charge, if any, payable on such redemption to the distributor of Shares of such Class pursuant to the terms of the initial issuance of the Shares of of-such Series or Class (to the extent consistent with the 1940 Act or regulations or exemptions thereunder) and the Trust shall promptly pay to such distributor the amount of such deferred sales charge). Payment of the The redemption price of Shares redeemed under this subsection (f) shall be paid in cash; provided, however, that if the Trustees determine, which determination shall be conclusive, that conditions exist with respect to any Series or Shares, or one or more Classes of any Series, which make payment wholly in cash unwise or undesirable, the Trust may make payment wholly or partly in Securities or other assets belonging to the Fund to which such Series or Class pertains, at the value of such Securities or assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Series or Class to require the Trust to redeem such Shares of that Series during any period or at any time when and to the extent permissible under the 1940 Act0000 Xxx.