REJECTING OR SUSPENDING REDEMPTION ORDERS. The right of redemption may be suspended or the date of payment postponed with respect to a Fund: (i) for any period during which the Listing Exchange is closed (other than customary weekend and holiday closings); (ii) for any period during which trading on the Listing Exchange is suspended or restricted; (iii) for any period during which an emergency exists as a result of which disposal of the shares of such Fund or determination of such Fund’s NAV is not reasonably practicable; or (iv) in such other circumstances as permitted by the SEC.
Appears in 7 contracts
Samples: Authorized Participant Agreement (New York Life Investments Active ETF Trust), Authorized Participant Agreement (New York Life Investments ETF Trust), Authorized Participant Agreement (Goldman Sachs ETF Trust II)
REJECTING OR SUSPENDING REDEMPTION ORDERS. The right of redemption may be suspended or the date of payment postponed with respect to a Fund: (i) for any period during which the Listing Exchange is closed (other than customary weekend and holiday closings); (ii) for any period during which trading on the Listing Exchange is suspended or restricted; (iii) for any period during which an emergency exists as a result of which disposal of the shares of such Fund or determination of such Fund’s 's NAV is not reasonably practicable; or (iv) in such other circumstances as permitted by the SEC.
Appears in 3 contracts
Samples: Authorized Participant Agreement (Spinnaker ETF Trust), Authorized Participant Agreement (Spinnaker ETF Trust), Participant Agreement (First Trust Exchange-Traded Fund)
