Common use of Repurchase of Shares by the Fund Clause in Contracts

Repurchase of Shares by the Fund. (a) Any of the outstanding Shares may be tendered for repurchase pursuant to a tender offer made by the Fund, and the Fund agrees to repurchase the Shares so tendered in accordance with the requirements of the 1934 Act and the rules and regulations thereunder and the applicable tender offer provisions set forth in the Prospectus of the Fund. The price to be paid to repurchase the Shares shall be equal to the net asset value, determined as set forth in the Prospectus, less the early withdrawal charge, if any, as described in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund shall pay the total amount of the repurchase price as defined in the above paragraph pursuant to the instructions of the Distributor or return the tendered shares promptly following the termination or withdrawal of the tender offer. The proceeds of any repurchase of shares shall be paid by the Fund as follows: (i) any applicable early withdrawal charge shall be paid to the Adviser and (ii) the balance shall be paid to or for the account of the shareholder, in each case in accordance with the applicable provisions of the Prospectus.

Repurchase of Shares by the Fund. (a) Any of the outstanding Shares may be tendered for repurchase pursuant to a tender offer made by the Fund, and the Fund agrees to repurchase the Shares so tendered in accordance with the requirements of the Securities Exchange Act of 1934, as amended (the “1934 Act Act”) and the rules and regulations thereunder and the applicable tender offer provisions set forth in the Prospectus of the Fund. The price to be paid to repurchase the Shares shall be equal to the net asset value, determined as set forth in the Prospectus, less the early withdrawal charge, if any, as described in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund shall pay the total amount of the repurchase price as defined in the above paragraph pursuant to the instructions of the Distributor or return the tendered shares promptly following the termination or withdrawal of the tender offer. The proceeds of any repurchase of shares Shares shall be paid by the Fund as follows: (i) any applicable early withdrawal charge shall be paid to the Adviser and (ii) the balance shall be paid to or for the account of the shareholder, in each case shareholder in accordance with the applicable provisions of the Prospectus.

Repurchase of Shares by the Fund. (a) Any of the outstanding Shares may be tendered for repurchase pursuant to a tender offer made by the Fund, and the Fund agrees to repurchase the Shares so tendered in accordance with the requirements of the 1934 Act and the rules and regulations thereunder and the applicable tender offer provisions set forth in the Prospectus of the Fund. The price to be paid to repurchase the Shares shall be equal to the net asset value, determined as set forth in the Prospectus, less the early withdrawal charge, if any, as described in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund shall pay the total amount of the repurchase price as defined in the above paragraph pursuant to the instructions of the Distributor or return the tendered shares promptly following the termination or withdrawal of the tender offer. The proceeds of any repurchase of shares shall be paid by the Fund as follows: (i) any applicable early withdrawal charge shall be paid to the Fund’s Adviser and (ii) the balance shall be paid to or for the account of the Fund’s Adviser and (ii) the balance shall be paid to or for the account of the shareholder, in each case in accordance with the applicable provisions of the Prospectus.

Repurchase of Shares by the Fund. (a) Any of the outstanding Shares may be tendered for repurchase pursuant to a tender offer made by the Fund, and the Fund agrees to repurchase the Shares so tendered in accordance with the requirements of the Securities Exchange Act of 1934, as amended (the “1934 Act Act”), and the rules and regulations thereunder and the applicable tender offer provisions set forth in the Prospectus of the Fund. The price to be paid to repurchase the Shares shall be equal to the net asset value, determined as set forth in the Prospectus, less the early withdrawal charge, if any, as described in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund shall pay the total amount of the repurchase price as defined in the above paragraph pursuant to the instructions of the Distributor or return the tendered shares promptly following the termination or withdrawal of the tender offer. The proceeds of any repurchase of shares Shares shall be paid by the Fund as follows: (i) any applicable early withdrawal charge shall be paid to the Adviser and (ii) the balance shall be paid to or for the account of the shareholder, in each case shareholder in accordance with the applicable provisions of the Prospectus.