Common use of Redemption of Shares by the Trust Clause in Contracts

Redemption of Shares by the Trust. 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Trust (or the Distributor acting as the Trust’s agent) agrees to redeem the Shares so tendered in accordance with the Trust’s Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem the Shares shall be equal to the net asset value next determined as set forth in the Prospectus after an order to redeem the Shares is properly received (the “Redemption Price”).

Appears in 13 contracts

Samples: Distribution Agreement (Advanced Series Trust), Distribution Agreement (Advanced Series Trust), Distribution Agreement (Advanced Series Trust)

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Redemption of Shares by the Trust. 4.1 A. Any of the outstanding Shares shares of the Trust may be tendered for redemption at any time, and the Trust (or the Distributor acting as the Trust’s agent) agrees to redeem the Shares any such shares so tendered in accordance with the Trust’s Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectusprospectus and the Trust’s Declaration of Trust and By-Laws. The redemption price to be paid to redeem the Shares shall be equal to is the net asset value per share next determined as set forth in after the Prospectus after an order to redeem the Shares is properly received (the “Redemption Price”)initial receipt of proper request for redemption.

Appears in 6 contracts

Samples: Distribution Agreement (Voya VARIABLE FUNDS), Distribution Agreement (Voya MONEY MARKET PORTFOLIO), Distribution Agreement (Voya INTERMEDIATE BOND PORTFOLIO)

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Redemption of Shares by the Trust. 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Trust (or the Distributor acting as the Trust’s 's agent) agrees to redeem the Shares so tendered in accordance with the Trust’s 's Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem the Shares shall be equal to the net asset value next determined as set forth in the Prospectus after an order to redeem the Shares is properly received (the "Redemption Price").

Appears in 2 contracts

Samples: Distribution Agreement (Advanced Series Trust), Distribution Agreement (Advanced Series Trust)

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