Redemptions in Kind. Fund Company represents that each Fund that has reserved the right to redeem in kind has filed Form N-18F-1 with the Securities and Exchange Commission. For purposes of complying with the Fund’s election on Form N-18F-1, Fund Company agrees that it will treat as a “shareholder” each shareholder that holds Fund shares through the Account, provided that Schwab provides to Fund Company, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder. Fund Company acknowledges that treatment of Schwab as the sole shareholder of Fund shares held in the Account for purposes of applying the limits in Rule 18f-1 under the 1940 Act would be inconsistent with the intent of Rule 18f-1 and the Fund’s election on Form N-18F-1 and could unfairly prejudice shareholders that hold Fund shares through the Account.
Redemptions in Kind. Payment for Shares redeemed pursuant to Section 7.1 may, at the option of the Board, in its complete discretion be made in cash, or in kind, or partially in cash and partially in kind. In case of payment in kind, the Board, or its delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Shares.
Redemptions in Kind. Notwithstanding anything herein to the contrary, subject to compliance with the provisions of Section 18(f) of the Act, the Company reserves the right to effect all or a portion of a redemption request for shares of each Portfolio by payment in kind of portfolio securities, if the Company's Board determines that it would be detrimental to the best interests of the shareholders of a Portfolio to make a redemption wholly or partially in cash.
Redemptions in Kind. Fund Affiliate represents that each Fund that has reserved the right to redeem in kind has filed Form N-18F-1 with the Securities and Exchange Commission. For purposes of complying with the Fund’s election on Form N-18F-1, Fund Affiliate agrees that it will treat as a “shareholder” each shareholder that holds Fund shares through the Account, provided that Service Provider provides to Fund Affiliate, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder. Fund Affiliate acknowledges that treatment of Service Provider as the sole shareholder of Fund shares held in the Account for purposes of applying the limits in Rule 18f-1 under the 1940 Act would be inconsistent with the intent of Rule 18f-1 and the Fund’s election on Form N-18F-1 and could unfairly prejudice shareholders that hold Fund shares through the Account and therefore will not apply these limits against the Account.
Redemptions in Kind. Fund Company represents that if a Fund has reserved the right to redeem in kind, that Fund will not redeem in kind any shares held in the Accounts unless it notifies Schwab of its intent to redeem in kind prior to by 7:00 p.m. Eastern Time on trade date. Fund Company will use best efforts to ensure that the proceeds of any redemption in kind will include only easily marketable securities. Fund Company will work in good faith with Schwab and, upon Schwab's request, directly xxxx xxe MFMP investor to effect the redemption in kind in an efficient manner, including with respect to coordinating the delivery of the in kind securities. For purposes of any redemption in kind, Fund Company agrees that it will treat as a "shareholder" each shareholder that holds Fund shares through an Account, provided that Schwab provides to Fund Company, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder.
Redemptions in Kind. If the Fund reserves the right to redeem in kind, and an in-kind redemption results in a security that Schwab is not able to hold in custody or service for its customers, Schwab will work with its customers to ensure the security is delivered to a third-party custodian for the benefit of the customers. The Fund shall cooperate with Schwab and its investors in effecting such delivery.
Redemptions in Kind. (i) Fund Parties represent that each Fund that has reserved the right to redeem in kind has filed Form N-18F-1 with the Securities and Exchange Commission. Fund Parties agree, on behalf of the Fund, that if a Fund determines to exercise its right to effect a redemption in kind, Fund Parties will (1) notify Schwab by 7:00 p.m. Eastern Time on trade date of the Fund’s intention to redeem in kind; (2) discuss with Schwab potential alternative options to any such redemption in kind; and (3) work in good faith, and cause the Fund to work in good faith, to resolve any processing or operational issues Schwab may have with effecting any such redemption in kind.
(ii) For purposes of complying with the Fund’s election on Form N-18F-1, Fund Company agrees that it will treat as a “shareholder” each shareholder that holds Fund shares through an Account, provided that Schwab provides to Fund Company, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder. Fund Company acknowledges that treatment of Schwab as the sole shareholder of Fund shares held in an Account for purposes of applying the limits in Rule 18f-1 under the 1940 Act would be inconsistent with the intent of Rule 18f-1 and the Fund’s election on Form N-18F-1 and could unfairly prejudice shareholders that hold Fund shares through an Account.
Redemptions in Kind. Payment for Shares redeemed pursuant to Section 7.4. may, at the option of the Trustees, or such officer or officers as they may duly authorize for the purpose, in their complete discretion be made in cash, or in kind, or partially in cash and partially in kind. In case of payment in kind, the Trustees, or their delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Shares.
Redemptions in Kind. SAI represents that each Fund that has made an election under Rule 18f-1, if any, has filed Form N-18F-1 with the Securities and Exchange Commission. To the extent that a Fund has made an election on Form N-18F-1, SAI agrees that it will treat as a “shareholder” each shareholder that holds Fund shares through the Account, provided that Service Provider provides to SAI, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder. To the extent that a Fund has made an election on Form N-18F-1, SAI acknowledges that treatment of Service Provider as the sole shareholder of Fund shares held in the Account for purposes of applying the limits in Rule 18f-1 under the 1940 Act would be inconsistent with the intent of Rule 18f-1 and the Fund’s election on Form N-18F-1 and could unfairly prejudice shareholders that hold Fund shares through the Account and therefore will not apply these limits against the Account.
Redemptions in Kind. Fund Company represents that each Fund that has reserved the right to redeem in kind has filed Form N-18F-1 with the Securities and Exchange Commission. For purposes of complying with the Fund's election on Form N-18F-1, Fund Company agrees that it will treat as a "shareholder" each shareholder that holds Fund shares through an Omnibus Account, provided that Schwab provides to Fund Company, upon request, the name or account number, number of Fund shares and other relevant information for each such shareholder. Fund Company acknowledges that treatment of Schwab as the sole shareholder of Fund shares held in an Omnibus Account for purposes of applying the limits in Rule 18f-1 under the 1940 Act would be inconsistent with the intent of Rule 18f-1 and the Fund's election on Form N-18F-1 and could unfairly prejudice shareholders that hold Fund shares through an Omnibus Account.
