Repurchase of Shares. If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.
Repurchase of Shares. Distributor as agent and for the account of the Trust may repurchase Shares of the Fund offered for resale to it and redeem such Shares at their net asset value.
Repurchase of Shares. Xxxxxx will act as agent for the Fund in connection with the repurchase of shares by the Fund upon the terms and conditions set forth in the then current Prospectus and Statement of Additional Information of the Fund.
Repurchase of Shares. (a) In connection with the repurchase of Shares, you are appointed and shall act as Agent of the Fund. You are authorized, for so long as you act as General Distributor of the Fund, to repurchase, from authorized dealers, certificated or uncertificated shares of the Fund ("Shares") on the basis of orders received from each dealer ("authorized dealer") with which you have a dealer agreement for the sale of Shares and permitting resales of Shares to you, provided that such authorized dealer, at the time of placing such resale order, shall represent (i) if such Shares are represented by certificate(s), that certificate(s) for the Shares to be repurchased have been delivered to it by the registered owner with a request for the redemption of such Shares executed in the manner and with the signature guarantee required by the then-currently effective prospectus of the Fund, or (ii) if such Shares are uncertificated, that the registered owner(s) has delivered to the dealer a request for the redemption of such Shares executed in the manner and with the signature guarantee required by the then-currently effective prospectus of the Fund.
(b) You shall (a) have the right in your discretion to accept or reject orders for the repurchase of Shares;
Repurchase of Shares. (a) In the event that the Executive ceases to be employed by the Company or any of its Subsidiaries for any reason, then all shares of Executive Stock (whether held by the Executive or by one or more of the Executive's transferees) which as of the date of termination:
(i) have not vested pursuant to Section 2 hereof, will be subject to repurchase by the Company, at its option (the "Non-Vested Repurchase Option"), for the lower of the Original Purchase Price of the Executive Stock and Fair Market Value
(ii) have vested pursuant to Section 2 hereof, will be subject to repurchase, solely in the event that the Executive ceases to be employed by the Company or any of its Subsidiaries as a result of a Termination for Cause, by the Company, at its option (the "Vested Repurchase Option"), for the lower of Original Purchase Price of the Executive Stock and Fair Market Value.
(b) In the event of Sale, then all shares of Executive Stock (whether held by the Executive or by one or more of the Executive's transferees) which, as of the date of such Sale, have not vested pursuant to Sections 2(a)(ii) and (a)(iii) hereof, will be subject to repurchase by the Company, at its option (the "Non-Vested Sale Repurchase Option"; and together with the Non-Vested Repurchase Option and the Vested Repurchase Option, the "Repurchase Option"), for the lower of the Original Purchase Price of the Executive Stock and Fair Market Value.
(c) The Repurchase Option shall be exercised by the Company, or its designee, by delivering to the Executive a written notice of exercise and a check in the amount of the Original Purchase Price or Fair Market Value, as determined in accordance with Sections 3(a) and (b) above. Upon delivery of such notice and payment of the purchase price as described above, the Company, or its designee, shall become the legal and beneficial owner of the shares of Executive Stock being repurchased and all rights and interest therein or related thereto, and the Company, or its designee, shall have the right to transfer to its own name the number of shares of Executive Stock being repurchased without further action by the Executive or any of his transferees. If the Company or its designee elect to exercise the repurchase rights pursuant to this Section 3 and the Executive or his transferee fails to deliver the shares of Executive Stock in accordance with the terms hereof, the Company, or its designee, may, at its option, in addition to all other remedies it may have, deposi...
Repurchase of Shares. (a) Shares of the Trust may be repurchased or redeemed from or tendered to the Trust in any manner and on such terms as determined by the Trustees that is not prohibited by the 1940 Act. Except as otherwise provided in this Declaration of Trust, no Shareholder or other person holding Shares or portion thereof shall have the right to tender to the Trust for redemption or repurchase their Shares or any portion thereof. The Board may, from time to time and in its complete and exclusive discretion and on such terms and conditions as it may determine, cause the Trust to offer to repurchase Shares or portions thereof from Shareholders, including the Investment Manager or any of its affiliates, pursuant to written tenders. In determining whether to cause the Trust to offer to repurchase Shares or portions thereof from Shareholders pursuant to written tenders, the Board may consider the following factors, among others:
(1) if applicable, whether the Master Fund is making a contemporaneous repurchase offer for interests therein, and the aggregate value of interests the Master Fund is offering to repurchase;
(2) whether any Shareholders have requested to tender Shares or portions thereof to the Trust;
(3) the liquidity of the Trust's assets (including fees and costs associated with withdrawing from its investments, including investments in unregistered pooled investment vehicles);
(4) the investment plans and working capital requirements of the Trust;
(5) the relative economies of scale of the tenders with respect to the size of the Trust;
(6) the history of the Trust in repurchasing Shares or portions thereof;
(7) the availability of information as to the value of the Trust's investments, including investments in unregistered pooled investment vehicles;
(8) the existing conditions of the securities markets and the economy generally, as well as political, national or international developments or current affairs;
(9) the anticipated tax consequences of any proposed repurchases of Shares or portions thereof; and
(10) the recommendations of the Investment Manager. The Board shall cause the Trust to repurchase Shares or portions thereof pursuant to written tenders only on terms fair to the Trust and to all Shareholders (including persons holding Shares acquired from Shareholders), as applicable. The fair value, selection and quantity of securities or other property paid or delivered as all or part of the repurchase price for Shares shall be determined by or under autho...
Repurchase of Shares. The Distributor will act as agent for the Trust in connection with the repurchase and redemption of shares by the Trust upon the terms and conditions set forth in the Prospectus or as the Trust acting through its Trustees may otherwise direct. The Distributor may employ such sub-agents, including one or more participating brokers or introducing brokers, for such purposes as the Distributor, in its sole discretion, shall deem to be advisable or desirable. Any contingent deferred sales charge imposed on repurchases and redemptions of Class A, Class B and Class C shares upon the terms and conditions set forth in the Prospectus shall be paid to the Distributor in addition to the fees with respect to Class A, Class B and Class C shares set forth in Section 5 hereof. The Trust will take such steps as are commercially reasonable to track on a share-by-share basis the aging of its shares for purposes of calculating any contingent deferred sales charges and/or distribution fees.
Repurchase of Shares. In the event the General Partner exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects to purchase from its stockholders Shares in connection with a stock repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock purchase program adopted by the General Partner, any employee stock purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.
Repurchase of Shares. The Distributor as agent and for the account of the Company may repurchase Shares of the Funds offered for resale to it and redeem such Shares at their net asset value determined as set forth in the then current Prospectus and Statement of Additional Information.
Repurchase of Shares. The Fund hereby authorizes the Distributor to repurchase, upon the terms and conditions hereinafter set forth, as the Fund's agent and for the Fund's account, such shares as may be offered for sale to the Fund from time to time by holders of such Shares or their agents:
(a) Subject to and in conformity with all applicable Federal and state legislation, any applicable rules of the National Association of Securities Dealers, Inc. and any applicable rules and regulations of the Securities and Exchange Commission under the Investment Company Act of 1940, the Distributor may accept offers of holders of Shares to resell such Shares to the Fund on such term and conditions and at such prices as described and provided for in the then current Prospectus of the Fund.
(b) The Distributor agrees to notify the Fund at such times as the Fund may specify of the number of Shares repurchased for the Fund's account and the time or times of such repurchases, and the Fund shall notify the Distributor of the prices applicable to such repurchases.
(c) The Fund shall have the right to suspend or revoke the foregoing authorization at any time; unless otherwise stated, any such suspension or revocation shall be effective forthwith upon receipt of notice thereof by telegraph or by written instrument from any of the Fund's officers. In the event that the Distributor's authorization is, by the terms of such notice, suspended for more than twenty-four hours or until further notice, the authorization given by this Section 6 shall not be revived except by vote of the Board of Trustees of the Fund.
(d) The Distributor agrees that all repurchases of Shares made by the Distributor shall be made only as agent for the Fund's account and pursuant to the terms and conditions herein set forth.
(e) The Fund agrees to authorize and direct its Custodian for the Fund to pay for the Fund's account the repurchase price of any Shares so repurchased for the Fund against delivery of the certificates representing such Shares in proper form for transfer to the Fund or against the authorized transfer of book Shares from an Open Account and against delivery of any other documentation required by the Board of Trustees of the Fund.
(f) The Distributor shall receive no commissions or other compensation in respect to any repurchases of Shares for the Fund under the foregoing authorization and appointment as agent.
(g) If any shares sold to the Distributor under the terms of this Agreement are redeemed or repurch...
