Common use of Redemptions of Small Accounts Clause in Contracts

Redemptions of Small Accounts. The Trustees shall have the ------------------------------- power to redeem shares of any Series or Class at a redemption price determined in accordance with Section 7.1 above, (a) if at any time the total invest ment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for such Series or Class from time to time, (b) as provided by Section 3.8, or (c) to the extent a Shareholder or other Person benefi cially owns Shares equal to or in excess of a percentage of Shares of the Trust or any Series or Class determined from time to time by the Trustees and specified in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in subsection (a) of this Section 7.3, the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Baron Select Funds), Agreement and Declaration of Trust (Baron Select Funds)

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Redemptions of Small Accounts. The Trustees shall have the ------------------------------- power to redeem shares of any Series or Class in any or all accounts at a redemption price determined in accordance with Section 7.1 8.1 above, (a) if at any time the total invest ment . investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for such Series or Class from time to time, (b) as provided by Section 3.8, or (c) to the extent a Shareholder or other Person benefi cially beneficially owns Shares equal to or in excess of a percentage of Shares of the Trust or any Series or Class determined from time to time by the Trustees and specified in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in subsection (a) of this Section 7.38.3, the Shareholder shall be be. notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Blackrock Bond Allocation Target Shares)

Redemptions of Small Accounts. The Trustees shall have the ------------------------------- power to redeem shares of any Series or Class in any or all accounts at a redemption price determined in accordance with Section 7.1 8.1 above, (a) if at any time the total invest ment investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for such Series or Class from time to time, (b) as provided by Section 3.8, or (c) to the extent a Shareholder or other Person benefi cially owns Shares equal to or in excess of a percentage of Shares of the Trust or any Series or Class determined from time to time by the Trustees and specified in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in subsection (a) of this Section 7.38.3, the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.

Appears in 1 contract

Samples: Blackrock Bond Allocation Target Shares

Redemptions of Small Accounts. The Trustees shall have the ------------------------------- power to redeem shares of any Series or Class in any or all accounts at a redemption price determined in accordance with Section 7.1 8.1 above, (a) if at any time the total invest ment investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for such Series or Class from time to time, (b) as provided by Section 3.8, or (c) to the extent a Shareholder or other Person benefi cially beneficially owns Shares equal to or in excess of a percentage of Shares of the Trust or any Series or Class determined from time to time by the Trustees and specified in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in subsection (a) of this Section 7.38.3, the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Blackrock Allocation Target Shares)

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Redemptions of Small Accounts. The Trustees shall have the ------------------------------- power to redeem shares of any Series or Class in any or all accounts at a redemption price determined in accordance with Section 7.1 8.1 above, (a) if at any time the total invest ment investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for such Series or Class from time to time, (b) as provided by Section 3.8, or (c) to the extent a Shareholder or other Person benefi cially beneficially owns Shares equal to or in excess of a percentage of Shares of the Trust or any Series or Class determined from time to time by the Trustees and specified in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in subsection (a) of this Section 7.38.3, the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.. ARTICLE IX Determination of Net Asset Value Net Income and Distributions 9.1

Appears in 1 contract

Samples: Blackrock Allocation Target Shares

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