Common use of REDEMPTIONS AT THE OPTION OF THE Clause in Contracts

REDEMPTIONS AT THE OPTION OF THE. TRUST 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 as described in Section 1 of this Article VI: (i) if at such time such Shareholder owns Shares of any Series having an aggregate net asset value of less than an amount, not to exceed $1,000, determined from time to time by the Trustees; or (ii) to the extent that such Shareholder owns Shares equal to or in excess of a percentage determined from time to time by the Trustees of the outstanding Shares of the Trust or of any Series.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (American Century Government Income Trust), Agreement and Declaration of Trust (American Century Investment Trust), Agreement and Declaration of Trust (American Century International Bond Funds)

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REDEMPTIONS AT THE OPTION OF THE. TRUST Trust 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 as described in Section 1 of this Article VI: (i) if at such time such Shareholder owns Shares of any Series having an aggregate net asset value of less than an amount, not to exceed $1,000, determined from time to time by the Trustees; or (ii) to the extent that such Shareholder owns Shares equal to or in excess of a percentage determined from time to time by the Trustees of the outstanding Shares of the Trust or of any Series.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (American Century California Tax Free & Municipal Funds)

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