Common use of Redemptions of Accounts of Less than a Minimum Dollar Amount Clause in Contracts

Redemptions of Accounts of Less than a Minimum Dollar Amount. The Trustees shall have the power to redeem shares at a redemption price determined in accordance with Section 8.1 if at any time the total investment in such account does not have a minimum dollar value determined from time to time by the Trustees in their sole discretion; provided, however, that the Trustees may exercise such power with respect to Shares of any Series or Class of any Series only to the extent the Prospectus describes such power with respect to such Series or Class of such Series. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 8.2, Shareholders shall be notified that the value of their account is less than the then effective minimum dollar amount and allowed 60 days to make an additional investment before redemption in processed.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Pacific Select Fund), Agreement and Declaration of Trust (Pacific Select Fund), Agreement and Declaration of Trust (Pacific Select Fund)

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Redemptions of Accounts of Less than a Minimum Dollar Amount. The Trustees shall have the power to redeem shares at a redemption price determined in accordance with Section 8.1 if at any time the total investment in such account does not have a minimum dollar value determined from time to time by the Trustees in their sole discretion; provided, however, that the Trustees may exercise such power with respect to Shares of any Series or Class of any Series only to the extent the Prospectus describes such power with respect to such Series or Class of such Series. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 8.2, Shareholders shall be notified that the value of their account is less than the then effective minimum dollar amount and allowed 60 days to make an additional investment before redemption in is processed.

Appears in 3 contracts

Samples: Uslico Series Fund (Uslico Series Fund/Va/), Pacific Select Fund, Pacific Select Fund

Redemptions of Accounts of Less than a Minimum Dollar Amount. The Trustees shall have the power to redeem shares at a redemption price determined in accordance with Section 8.1 if at any time the total investment in such account does not have a minimum dollar minimum_dollar value determined from time to time by the Trustees in their sole discretion; provided, however, that the Trustees may exercise such power with respect to Shares of any Series or Class of any Series only to the extent the Prospectus describes such power with respect to such Series or Class of such Series. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 8.2, Shareholders shall be notified that the value of their account is less than the then effective minimum dollar amount and allowed 60 days to make an additional investment before redemption in processed.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pacific Select Fund)

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Redemptions of Accounts of Less than a Minimum Dollar Amount. The Trustees shall have the power to redeem shares at a redemption price determined in accordance with Section 8.1 if at any time the total investment in such account does not have a minimum dollar value determined from time to time by the Trustees in their sole discretion; , provided, however, that the Trustees may exercise such power with respect to Shares of any Series or Class of any Series Portfolio only to the extent the Prospectus describes such power with respect to such Series or Class of such SeriesPortfolio. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 8.2, Shareholders shall be notified that the value of their account is less than the then effective minimum dollar amount and allowed 60 days to make an additional investment before redemption in is processed.

Appears in 1 contract

Samples: Agreement (Fulcrum Trust)

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