Repurchase of Shares With Shareholder Consent. (a) The Trust may repurchase Shares on the open market or such Shares as are tendered by any Shareholder for repurchase pursuant to a repurchase offer or tender offer, if any, made by the Trust periodically or from time to time, upon the presentation by the Shareholder of a proper instrument of transfer together with a request directed to the Trust, its transfer agent or other duly authorized agent, that the Trust repurchase such Shares, or in accordance with such other procedures for repurchase as the Board of Trustees may from time to time authorize; and the Trust will pay therefore a price that meets the requirements of Section 23 of the 1940 Act, and the rules and regulations adopted thereunder, and that is in accordance with the terms of such repurchase offer, tender offer, this Declaration of Trust, the By-Laws and other applicable law. The obligations of the Trust set forth in this Section 2 are subject to the provision that such obligations may be suspended or postponed under the circumstances provided in the 1940 Act or other applicable law, and such suspension or postponement may thereafter be terminated, by the Board of Trustees, by the vote required under the 1940 Act or other applicable law.
Appears in 6 contracts
Samples: Agreement and Declaration (Delaware Enhanced Global Dividend & Income Fund), Agreement and Declaration (Franklin Mutual Recovery Fund), Agreement and Declaration (Delaware Investments Enhanced Global Dividend & Income Fund)
