Common use of Redemption by Trust Clause in Contracts

Redemption by Trust. The Trustees may cause the Trust to redeem the Shares of any Series or Class held by a Shareholder at the redemption price that would be applicable if such Shares were then being redeemed by the Shareholder pursuant to Article V, Section 2, upon such conditions as may from time to time be determined by the Trustees. Among other times, the Trustees may require any Shareholder or group of Shareholders (including some or all of the shareholders of any Series or Class) to redeem Shares for any reason as may be determined by the Trustees in their sole discretion, including when: (i) the direct or indirect ownership of Shares of the Trust or any Series has or may become concentrated in such Shareholder or group of Shareholders to an extent that would disqualify any Series or the Trust as a regulated investment company under the Internal Revenue Code of 1986, as amended (successor statute thereto); (ii) the failure to supply a tax identification number or other identifying information to facilitate the Trust or a Series compliance with applicable law or regulation; (iii) if the Share activity of the account or ownership of Shares is deemed either to affect adversely the Trust or any Series or not to be in the best interests of the remaining Shareholders of the Trust, any Series or Class; (iv) the failure of any Shareholder to pay when due the consideration for any purchase of Shares, including any purchase of any Creation Unit of Shares; (vi) the failure of any Shareholder to tender Shares to the Trust or Series in connection with any redemption of Shares, including any redemption of a Creation Unit of Shares; or (v) if a Shareholder fails to meet or maintain any qualifications applicable to holding, purchasing or redeeming Shares of the Trust, any Series or Class. Upon redemption of Shares pursuant to this Article V, Section 3, the Trust shall promptly cause payment of the full redemption price to be made to such Shareholder for Shares so redeemed.

Redemption by Trust. The Trustees may cause the Trust to redeem the Shares of any Series or Class thereof held by a Shareholder at the redemption price that would be applicable if such Shares were then being redeemed by the Shareholder pursuant to Article V, Section 2, upon such conditions as may from time to time be determined by the Trustees. Among other times, the Trustees may require any Shareholder or group of Shareholders (including some or all of the shareholders Shareholders of any Series or ClassClass thereof) to redeem Shares for any reason as may be determined by the Trustees in their sole discretion, including when: (i) the direct or indirect ownership of Shares of the Trust or any Series has or may become concentrated in such Shareholder or group of Shareholders to an extent that would disqualify any Series or the Trust as a regulated investment company under the Internal Revenue Code of 1986, as amended (successor statute thereto); (ii) the failure to supply a tax identification number or other identifying information to facilitate the Trust or a Series compliance with applicable law or regulation; (iii) if the Share activity of the account or ownership of Shares is deemed either to affect adversely the Trust or any Series or not to be in the best interests of the remaining Shareholders of the Trust, any Series or ClassClass thereof; (iv) the failure of any Shareholder to pay when due the consideration for any purchase of Shares, including any purchase of any Creation Unit of Shares; (vi) the failure of any Shareholder to tender Shares to the Trust or Series in connection with any redemption of Shares, including any redemption of a Creation Unit of Shares; or (v) if a Shareholder fails to meet or maintain any qualifications applicable to holding, purchasing or redeeming Shares of the Trust, any Series or ClassClass thereof. Upon redemption of Shares pursuant to this Article V, Section 3, the Trust shall promptly cause payment of the full redemption price to be made to such Shareholder for Shares so redeemed.

Redemption by Trust. The Trustees may cause the Trust to redeem the Shares Each Share of any each Series or Class held that has been established and designated is subject to redemption by a Shareholder the Trust at the redemption price that which would be applicable if such Shares were Share was then being redeemed by the Shareholder pursuant to Article V, subsection (f) of this Section 2, upon such conditions as may from 4.2 at any time to time be determined and for any reason under the terms set by the Trustees. Among other times, including but not limited to: (a) if the Trustees determine in their sole discretion that failure to so redeem may require have materially adverse consequences to all or any Shareholder or group of Shareholders (including some or all of the shareholders holders of the Shares, or any Series or ClassClass of the Trust, (b) to redeem Shares for any reason as may be determined by the determination of the Trustees in their sole discretion, including when: (i) the that direct or indirect ownership of Shares of the Trust or any Series has or may become concentrated in such Shareholder or group of Shareholders to an extent that would disqualify any that Series or the Trust as a regulated investment company under the Internal Revenue Code of 1986, as amended (or any successor statute thereto); , (iic) the failure of a Shareholder to supply a tax identification number if required to do so, (d) the failure of a Shareholder to pay when due for the purchase of Shares issued to that Shareholder, (e) the value of a Shareholder's Shares being less than a minimum amount established from time to time by the Trustees, (f) the failure of a Shareholder to meet or other identifying information maintain the qualifications for ownership of a particular Series or Class of Shares, (g) the determination by the Trustees or pursuant to facilitate policies adopted by the Trust or a Series compliance with applicable law or regulation; (iii) if the Share activity of the account or Trustees that ownership of Shares by a particular Shareholder is deemed either to affect adversely the Trust or any Series or not to be in the best interests of the remaining Shareholders of the TrustTrust or applicable Series or Class and (h) the determination by the Trustees that the failure to redeem may have materially adverse consequences to all or any of the holders of Shares, or any Series or Class; (iv) the failure of any Shareholder to pay when due the consideration for any purchase of SharesClass thereof, including any purchase of any Creation Unit of Shares; (vi) the failure of any Shareholder to tender Shares to the Trust or Series in connection with any redemption of Shares, including any redemption of a Creation Unit of Shares; or (v) if a Shareholder fails to meet or maintain any qualifications applicable to holding, purchasing or redeeming Shares of the Trust, any Series or Class. Upon such redemption the holders of the Shares pursuant so redeemed shall have no further right with respect thereto other than to this Article V, Section 3, the Trust shall promptly cause receive payment of the full such redemption price to be made to such Shareholder for Shares so redeemedprice.

Redemption by Trust. The Trustees may cause Each Share of each Series that has been established and designated is subject to redemption by the Trust to redeem the Shares of any Series or Class held by a Shareholder at the redemption price that which would be applicable if such Shares were Share was then being redeemed by the Shareholder pursuant to Article V, subsection (f) of this Section 2, upon such conditions as may from 4.2 at any time to time be determined and for any reason under the terms set by the Trustees. Among other times, including but not limited to: (a) if the Trustees determine in their sole discretion that failure to so redeem may require have materially adverse consequences to all or any Shareholder or group of Shareholders (including some or all of the shareholders holders of the Shares, or any Series or ClassClass of the Trust, (b) to redeem Shares for any reason as may be determined by the determination of the Trustees in their sole discretion, including when: (i) the that direct or indirect ownership of Shares of the Trust or any Series has or may become concentrated in such Shareholder or group of Shareholders to an extent that would disqualify any that Series or the Trust as a regulated investment company under the Internal Revenue Code of 1986, as amended (or any successor statute thereto); , (iic) the failure of a Shareholder to supply a tax identification number or other identifying information if required to facilitate do so, (d) the Trust failure of a Shareholder to pay when due for the purchase of Shares issued to that Shareholder, (e) the value of a Shareholder's Shares being less than a minimum amount established from time to time by the Trustees, (f) the failure of a Shareholder to meet or maintain the qualifications for ownership of a particular Series compliance with applicable law or regulation; Class of Shares, (iiig) if the Share activity of determination by the account Trustees or pursuant to policies adopted by the Trustees that ownership of Shares by a particular Shareholder is deemed either to affect adversely the Trust or any Series or not to be in the best interests of the remaining Shareholders of the Trust, any Trust or applicable Series or Class; , and (ivh) the failure of any Shareholder to pay when due the consideration for any purchase of Sharesmerger, including any purchase of any Creation Unit of Shares; (vi) the failure of any Shareholder to tender Shares to the Trust reorganization or Series in connection with any redemption of Shares, including any redemption liquidation of a Creation Unit of Shares; Series or (v) if a Shareholder fails to meet or maintain any qualifications applicable to holding, purchasing or redeeming Shares the Trust. Upon such redemption the holders of the Trust, any Series or Class. Upon redemption of Shares pursuant so redeemed shall have no further right with respect thereto other than to this Article V, Section 3, the Trust shall promptly cause receive payment of the full such redemption price to be made to such Shareholder for Shares so redeemedprice.