Common use of Redemptions-Repurchases Clause in Contracts

Redemptions-Repurchases. (a) Load Shares presented to Distributor for redemption will be redeemed at the net asset value of such Load Shares in accordance with the Load Prospectus; provided that redemptions of Load Shares subject to the imposition of a contingent deferred sales charge ("CDSC Shares") will be redeemed at the net asset value of such CDSC Shares, less any applicable contingent deferred sales charge, as set forth in the Load Prospectus.

Appears in 5 contracts

Samples: Selling Agreement (Safeco Money Market Trusts), Selling Agreement (Safeco Common Stock Trust), Selling Agreement (Safeco Tax Exempt Bond Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!