Reinstatement Privilege Sample Clauses

Reinstatement Privilege. A shareholder who has redeemed all or part of his or her shares may reinvest all or part of the redemption proceeds at the then current net asset value without charge in Class A shares of any Fund as described in the Funds’ current prospectus.
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Reinstatement Privilege. If you redeem Investor A or Institutional Shares of a BlackRock Mutual Fund or make a withdrawal of amounts invested in Class A Units of an Investment Option and buy Class A shares of the same or another BlackRock Mutual Fund or Class A Units of the same or another Investment Option (equal to all or a portion of the redemption amount) within 90 days of such redemption, you will not pay a sales charge on the new purchase/amount. This right may be exercised within 90 days of the redemption, provided that the Class A shares of that fund or Class A Units of that Investment Option, as applicable, is currently open to new investors or to shareholders that have a current account in a closed fund or Investment Option. To exercise this privilege, the Program Manager must receive written notification from the Account Owner or the Financial Intermediary of record at the time of the purchase. While a reinvestment in Class A Units in the Plan within 90 days of a redemption or withdrawal will not be subject to a sales charge, it may be subject to a U.S. federal income tax unless certain requirements are satisfied, including that reinvestments must be made within 60 days of a redemption or withdrawal and generally can only occur once every 12 months. Such U.S. federal income tax requirements and consequences of a reinvestment are more fully described below under “Tax Information — Rollover Distributions” as though the reinstatement were the same as a “rollover distribution”. Account Owners should consult a tax adviser for additional guidance. Other Initial Sales Charge Waivers The initial sales charge for Class A Units may be waived for certain Account Owners, including: • Customers of certain dealers, brokers, banks or registered investment advisers that have entered into a special written agreement with the Program Distributor. • Direct Rollovers initiated from other Intermediary Plans into the Plan and direct transfers from other CollegeAdvantage Program accounts may be eligible to be invested in Class A Units of the Plan without an initial sales charge. This initial sales charge waiver is only available through certain Financial Intermediaries. Check with your financial professional to see if you are eligible for the waiver before initiating a Rollover. • Present or former officers and directors, trustees and employees (and any such person’s Immediate Family Members) of the Program Manager, the Program Administrator, Program Distributor, and their respective affiliat...
Sample 1
Reinstatement Privilege. A shareholder who has redeemed all or part of his or her shares may reinvest all or part of the redemption proceeds at the then current net asset value without charge in Class A shares of any Fund as described in the Funds' current prospectus. Redemption of Shares: Redemption orders must be received by the dealer prior to 4:00 p.m. (EST) on that business day and will be priced at the net asset value computed as of 4:00 p.m. (EST) on such day, less any applicable contingent deferred sales charge and frequent trading/redemption fees, provided that orders so received by a dealer shall have been transmitted to us prior to the close of our business day. Orders received by dealers after each day's market close will be confirmed, subject to our acceptance, on the same basis as previously stated with respect to the next day on which the Fund's net asset value will be determined. It should be noted that any record holder of the Funds may surrender all or any part of their holdings to the Funds and the Funds are required to redeem such shares at a price equal to net asset value, less any applicable contingent deferred sales charge and frequent trading/redemption fees, determined in the manner and on the terms described in the prospectus. _______________________________________________________________________________ _______________________________________________________________________________
Sample 1

Related to Reinstatement Privilege

  • Reinstatement, etc The Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Lender Party, upon the insolvency, bankruptcy or reorganization of the Borrowers, any other Loan Party or otherwise, all as though such payment had not been made.

  • Termination; Reinstatement This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and the Commitments and the Facilities with respect to the Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or any Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under the preceding sentence shall survive termination of this Guaranty.

  • Reinstatement If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company's obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent.

  • Discharge; Reinstatement Each Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Company under this Indenture have been paid in full. If at any time any payment of the principal of, premium, if any, or interest on any Note or any other amount payable by the Company under this Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Company or otherwise, each Guarantor’s obligations hereunder with respect to such payment will be reinstated as though such payment had been due but not made at such time.

  • Reinstatement of Rights If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

  • Reinstatement of Obligations Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, with respect to any Obligations if at any time payment of any such Obligations is rescinded or otherwise must be restored by the Agent and/or the Lenders upon the bankruptcy or reorganization of the Borrower or any Guarantor or otherwise.

  • Reinstatements If a policy reinsured on an automatic basis is reinstated in accordance with its terms or the rules of the Company, as provided to the Reinsurer, the Reinsured Policy will be reinstated automatically by the Reinsurer. The Reinsurer's approval is required only for the reinstatement of a facultative policy when the Company's regular reinstatement rules indicate that more evidence than a Statement of Good Health is required. The Company's liability with respect to the premiums in arrears is set out in Exhibit F.

  • No Reinstatement The Executive agrees that he will not apply for reinstatement with the Company or seek in any way to be reinstated, re-employed or hired by the Company in the future.

  • Continuation and Reinstatement, etc Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

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