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

Repurchase or Redemption of Shares by the Fund. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Fund agrees to redeem or repurchase the shares so tendered in accordance with its obligations as set forth in Section 9(d) of ARTICLE FIFTH of its Articles of Incorporation and in accordance with the applicable provisions of the Prospectus and Statement of Additional Information. The price to be paid to redeem or repurchase the shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(d) hereof, less any applicable sales charge. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund (or its agent) shall pay the total amount of the redemption price and, except as may be otherwise required by the Conduct Rules of the National Association of Securities Dealers, Inc. (the "NASD") and any interpretations thereof ("NASD rules and interpretations"), the deferred sales charges, if any, pursuant to the instructions of the Underwriter in New York Clearing House funds on or before the seventh business day subsequent to its having received the notice of redemption in proper form. (b) Redemption of shares or payment may be suspended at times when the New York Stock Exchange is closed, when trading thereon 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 Fund. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem or repurchase the shares so tendered in accordance with its obligations as set forth in Section 9(d) of ARTICLE FIFTH Article VIII of its Articles Declaration of Incorporation Trust, as amended from time to time, and in accordance with the applicable provisions set forth in the prospectus and statement of additional information of the Prospectus and Statement of Additional InformationFund. The price to be he paid to redeem or repurchase the shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(d3(e) hereof, less any applicable sales the redemption fee or other charge, if any, set forth in the prospectus and statement of additional information of the Fund. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund (or its agent) shall pay the total amount of the redemption price and, except as may be otherwise required by defined in the Conduct Rules of the National Association of Securities Dealers, Inc. (the "NASD") and any interpretations thereof ("NASD rules and interpretations"), the deferred sales charges, if any, above paragraph pursuant to the instructions of (i) any applicable contingent deferred sales charge shall be paid to the Distributor and (ii) the balance shall be paid to or for the account of the Underwriter shareholder, in New York Clearing House funds on or before each case in accordance with the seventh business day subsequent to its having received applicable provisions of the notice prospectus and statement of redemption in proper form.additional information (b) Redemption of shares or payment may be suspended at times when the New York Stock Exchange is closed, when trading thereon on stock Exchanae is closed, When trading on said Exchange is restricted, when an emergency exists emergencies, exist 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 Fund. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Fund agrees to redeem or repurchase the shares so tendered in accordance with its obligations as set forth in Section 9(d) of ARTICLE FIFTH of its Articles of Incorporation and in accordance with the applicable provisions of set forth in the Prospectus and Statement of Additional Information. The price to be paid to redeem or repurchase the shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(d) hereof, less any applicable sales charge. All payments by the Fund hereunder shall be made in the manner set forth below. The Fund (or its agent) shall pay the total amount of the redemption price and, except as may be otherwise required by the Conduct Rules of Fair Practice of the National Association of Securities Dealers, Inc. Financial Industry Regulatory Authority (the "NASDFINRA") and any interpretations thereof ("NASD FINRA rules and interpretations"), the deferred sales charges, if any, as defined in the above paragraph, pursuant to the instructions of the Underwriter in New York Clearing House funds on or before the seventh business day subsequent to its having received the notice of redemption in proper form. (b) Redemption of shares or payment may be suspended at times when the New York Stock Exchange is closed, when trading thereon is closed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Fund of or 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.