Repurchase or Redemption Clause Samples
Repurchase or Redemption of Shares by the Fund ----------------------------------------------
4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem the Shares so tendered in accordance with its Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem or repurchase the Shares shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth in Section 4.2 below.
4.2 The Fund shall pay the total amount of the redemption price as defined in the above paragraph pursuant to the instructions of the Distributor on or before the seventh day subsequent to its having received the notice of redemption in proper form. The proceeds of any redemption of Shares shall be paid by the Fund as follows:
(i) in the case of Shares subject to a contingent deferred sales charge, any applicable contingent deferred sales charge shall be paid to the Distributor, and the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus; and (ii) in the case of all other Shares, proceeds shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus.
4.3 Redemption of any class and/or series of Shares or payment may be suspended at times when the New York Stock Exchange is closed for other than customary weekends and holidays, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.
Repurchase or Redemption. OF SHARES BY THE TRUST 6. DUTIES AND REPRESENTATIONS OF NLD 7.
Repurchase or Redemption. OF SHARES BY THE TRUST 6. 7.
Repurchase or Redemption. (a) Except as otherwise reasonably determined by the Manager, if at any time (i) any shares of Class A Common Stock are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the Corporation for cash, then the Manager shall cause the Company, immediately prior to such repurchase or redemption of Class A Common Stock, to redeem a corresponding number of Common Units held (directly or indirectly) by the Corporation, at an aggregate redemption price equal to the aggregate purchase or redemption price of the shares of Class A Common Stock being repurchased or redeemed by the Corporation (plus any expenses related thereto), if any, and upon such other terms as are the same for the shares of Class A Common Stock being repurchased or redeemed by the Corporation or (ii) any other Equity Securities of the Corporation are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the Corporation for cash, then the Manager shall cause the Company, immediately prior to such repurchase or redemption of such Equity Securities, to redeem an equal number of the corresponding class or series of Equity Securities of the Company with the same rights to dividends and distributions (including distributions upon liquidation) and other economic rights as those of such Equity Securities of the Corporation held (directly or indirectly) by the Corporation, in accordance with the One-to-One Ratios, at an aggregate redemption price equal to the aggregate purchase or redemption price of the applicable Equity Securities of the Corporation being repurchased or redeemed by the Corporation (plus any expenses related thereto), if any, and upon such other terms as are the same for the applicable Equity Securities of the Corporation being repurchased or redeemed by the Corporation; provided, that if the Corporation uses funds received from distributions from the Company or the net proceeds from an issuance of Class A Common Stock to fund such repurchase or redemption, then the Company shall cancel a corresponding number of Common Units held (directly or indirectly) by the Corporation for no consideration (but only to the extent that such Common Units were issued upon the issuance of Class A Common Stock from which the redemption proceeds were obtained).
(b) The Company may not redeem or repurchase (i) any Common Units from the Corporation unless substantially simultaneously t...
Repurchase or Redemption. If any shares confirmed to you under the terms of this Agreement are repurchased or redeemed by the Trust or by us as agent for the Trust, or are tendered for repurchase or redemption, within seven business days after the date of our confirmation of the original purchase order, you shall forthwith refund to us the full discount, commission, finder’s fee or other concession, if any, allowed or paid to you on such shares.
Repurchase or Redemption. OF SHARES BY THE TRUST 7 -- -----------------------------------------------------------------------------
Repurchase or Redemption. OF SHARES BY THE COMPANY 6 6. DUTIES AND REPRESENTATIONS OF NLD 7 7. DUTIES AND REPRESENTATIONS OF THE COMPANY 9 8. INDEMNIFICATION OF NLD BY THE COMPANY 12 9. INDEMNIFICATION OF THE COMPANY BY NLD 14 10. NOTIFICATION BY THE COMPANY 15 11. COMPENSATION AND EXPENSES 16 12. SELECTED DEALER AND SELECTED AGENT AGREEMENTS 17 13. CONFIDENTIALITY 17 14. EFFECTIVENESS AND DURATION 18 15. DISASTER RECOVERY 18 16. DEFINITIONS 19 17. MISCELLANEOUS 20 Schedule A 22 Schedule B 23