Common use of Redemption of Class Clause in Contracts

Redemption of Class. Z shares or payment may be suspended at times when the New York Stock Exchange is closed for other than customary weekends and holidays, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Appears in 4 contracts

Samples: Distribution Agreement (Prudential Utility Fund Inc), Distribution Agreement (Prudential Global Fund Inc), Distribution Agreement (Prudential Europe Growth Fund Inc)

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