Common use of Rejection or Suspension of Sales: Corporate Actions Clause in Contracts

Rejection or Suspension of Sales: Corporate Actions. Notwithstanding anything herein to the contrary: (a) Distributor may temporarily suspend its efforts to effectuate sales of Certificates at any time when in its opinion no sales should be made because of market or other economic considerations or abnormal circumstances of any kind; and (b) the Company may, at any time, reject for any reason any order to purchase any Certificate. In addition, the Board may suspend or terminate the offering of any Certificate, if such action is required by law, judicial order, or by regulatory authorities having jurisdiction, or if the Board, in its sole discretion, acting in good faith and in light of its fiduciary duties under applicable law, determines that such action is in the best interests of the Company's shareholders. Further, the Company reserves the right at all times to take any corporate actions, including, but not limited to, the dissolution, merger, and sale of its assets, solely upon the authorization of its Board.

Rejection or Suspension of Sales: Corporate Actions. Notwithstanding anything herein to the contrary: (a) Distributor Distributors may temporarily suspend its efforts to effectuate sales of Certificates any Portfolio at any time when in its opinion no sales should be made because of market or other economic considerations or abnormal circumstances of any kind; and (b) the Company Board may, at any time, reject for any reason any order to purchase shares of any CertificatePortfolio. In addition, the Board may suspend or terminate the offering of shares of any CertificatePortfolio, if such action is required by law, judicial order, or by regulatory authorities having jurisdiction, or if the Board, in its sole discretion, acting in good faith and in light of its fiduciary duties under applicable law, determines that such action is in the best interests of the Company's shareholdersshareholders of that Portfolio. Further, the Company reserves the right at all times to take any corporate actions, including, but not limited to, the dissolution, merger, and sale of its assetsthe assets of each Portfolio, solely upon the authorization of its Board.

Rejection or Suspension of Sales: Corporate Actions. Notwithstanding anything herein to the contrary: (a) Distributor Distributors may temporarily suspend its efforts to effectuate sales of Certificates any Series at any time when in its opinion no sales should be made because of market or other economic considerations or abnormal circumstances of any kind; and (b) the Company Board may, at any time, reject for any reason any order to purchase shares of any CertificateSeries. In addition, the Board may suspend or terminate the offering of shares of any CertificateSeries, if such action is required by law, judicial order, or by regulatory authorities having jurisdiction, or if the Board, in its sole discretion, acting in good faith and in light of its fiduciary duties under applicable law, determines that such action is in the best interests of the Company's shareholdersshareholders of that Series. Further, the Company Fund reserves the right at all times to take any corporate actions, including, but not limited to, the dissolution, merger, and sale of its assetsthe assets of each Series, solely upon the authorization of its Board.

Rejection or Suspension of Sales: Corporate Actions. Notwithstanding anything herein to the contrary: (a) Distributor Distributors may temporarily suspend its efforts to effectuate sales of Certificates any Portfolio at any time when in its opinion no sales should be made because of market or other economic considerations or abnormal circumstances of any kind; and (b) the Company Company's Board of Directors ("Board") may, at any time, reject for any reason any order to purchase shares of any CertificatePortfolio. In addition, the Board may suspend or terminate the offering of shares of any CertificatePortfolio, if such action is required by law, judicial order, or by regulatory authorities having jurisdiction, or if the Board, in its sole discretion, acting in good faith and in light of its fiduciary duties under applicable law, determines that such action is in the best interests of the Company's shareholdersshareholders of a Portfolio. Further, the Company reserves the right at all times to take any corporate actions, including, but not limited to, the dissolution, merger, and sale of its assetsthe assets of each Portfolio, solely upon the authorization of its Board.