Common use of Redemption of Shareholder’s Interest Clause in Contracts

Redemption of Shareholder’s Interest. The Trust shall have the right at its option and at any time to redeem Shares of any Shareholder at the net asset value thereof determined in accordance with Section III hereof: (i) if at such time such Shareholder owns fewer Shares than, or Shares having an aggregate net asset value of less than, an amount determined from time to time by the Board of Trustees; or (ii) to the extent that such Shareholder owns Shares of a particular series equal to or in excess of a percentage of the outstanding Shares of that series (determined without regard to class) determined from time to time by the Board of Trustees; or (iii) to the extent that such Shareholder owns Shares of the Trust representing a percentage equal to or in excess of a percentage of the aggregate number of outstanding Shares of the Trust or the aggregate net asset value of the Trust determined from time to time by the Board of Trustees, and subject to the Trust's giving general notice to all Shareholders of its intention to avail itself of such right, either by publication in the Trust's prospectus, if any, or by such other means as the Board of Trustees may determine.