Common use of REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST Clause in Contracts

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor in accordance with the Distributor's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares Units of a Fund or Class thereof Series of Trust may be tendered for redemption at any time, and the Series of Trust agrees to redeem or repurchase the Shares such Units so tendered in accordance with its obligations as set forth in the Organic Documents Trust Agreement and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Sharesrelevant Prospectus. (b) The Series of Trust or its designated agent shall pay (i) the total amount of the redemption price consisting as determined in accordance with the terms of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent Trust Agreement and (ii) except as may be otherwise required by the Rules of Fair Practice (the "FINRA Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Company, in accordance with the Distributor's Company’s instructions on or before the fifth business seventh calendar day (or such other earlier business day as is customary in the investment company industry) subsequent to the Series of Trust or its agent having received the notice of redemption in proper form. (c) Redemption Not later than the close of Shares business on the day of tender of a Unit for redemption by a unitholder other than the Company, the Trustee shall notify the Company of such tender. The Company shall have the right to purchase such Unit by notifying the Trustee of its election to make such purchase by the Trustee’s close of business on the day on which such Unit was tendered for redemption. Any such purchase shall be made by payment for such Unit by the Company to the unitholder not later than the close of business on the date of such redemption of an amount not less than the redemption price otherwise payable by the Trustee to such unitholder. (d) Pursuant to the terms of the Trust Agreement, the redemption of Units or payment therefor therefore may be suspended at times when (i) for any period during which the New York Stock Exchange is closed other than customary weekend and holiday closings or during which trading on the New York Stock Exchange is restricted; (ii) for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of period during which disposal by the Trust of securities owned by a Fund any securities, derivatives transactions or other property is not reasonably practicable or it is not reasonably practicable for the Trust to fairly to determine the value of a Fund's net assets, any securities or during any other property held in the Trust in accordance with the Standard Terms and Conditions of Trust or (iii) for such other period when as the SEC so requires or permitsmay by order permit.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents Trust's Trust Instrument and in accordance with the applicable provisions set forth in the Prospectus and SAI relating to the SharesShares of the Fund. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares (or, in the case of Exchange Shares of RCIF, relating to Exchange Shares and the original B Shares) or their costcost (or, in the case of Exchange Shares of RCIF, the cost of the B Shares of a Fund that were first purchased by the shareholder and then exchanged, either directly or indirectly through a series of exchanges, for the Exchange Shares (the "Original B Shares")), whichever is less. Shares of a Fund or Class class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares (or, in the case of Exchange Shares of RCIF, relating to the Original B Shares). All payments by the Trust hereunder shall be made in the manner set forth below. (b) The Trust (or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) agent, and, except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereof, any applicable the deferred sales charges charges, if any, as defined in the above paragraph pursuant to the Distributor instructions of Forum, in accordance with the Distributor's instructions each case in New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. Notwithstanding the termination of this Agreement, Forum shall be entitled to receive its Allocable Portion (as defined in Appendix B hereto) of all contingent deferred sales charges ("CDSCs") paid or payable with respect to the Shares in accordance with Section 4(b) hereof. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC SEC, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their costand less, whichever in the case of Shares for which a redemption fee is lessassessed, a redemption fee equal to the charges as from time to time set forth in the Prospectus relating to those Shares. Shares of a Fund or Class thereof for which a deferred sales charge or redemption fee may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge or redemption fee as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price (after applicable redemption or other fees) less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Forum in accordance with the DistributorForum's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(c) hereof less, in the case of Shares for which a deferred sales charge and/or redemption fee is assessed, a deferred sales charge and/or redemption fee equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is lessShares. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge and/or redemption fee to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations interpretations, thereof, any applicable deferred sales charges to the Distributor Foreside in accordance with the DistributorForeside's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Organizational Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(c) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares [or their cost, whichever is less. .] Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Forum in accordance with the DistributorForum's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(c) hereof less, in the case of Shares for which a deferred sales charge and/or redemption fee is assessed, a deferred sales charge and/or redemption fee equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is lessShares. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge and/or redemption fee to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations interpretations, thereof, any applicable deferred sales charges to the Distributor Forum in accordance with the DistributorForum's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of or Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a less any deferred sales charge is assessedcharges, a deferred sales charge equal to a specified percentage redemption fees or percentages of the net asset value of those Shares other applicable fees or expenses as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Sharescurrent Prospectus. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price (after applicable redemption or other fees) less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Conduct Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor in accordance with the Distributor's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(c) hereof less, in the case of Shares for which a deferred sales charge and/or redemption fee is assessed, a deferred sales charge and/or redemption fee equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is lessShares. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge and/or redemption fee to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Forum in accordance with the DistributorForum's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares [or their cost, whichever is less. .] Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor in accordance with the Distributor's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in its Agreement and Declaration of Trust and in accordance with the Organic Documents and applicable provisions set forth in the Prospectus relating to the Sharesand Statement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(d) hereof lesshereof, less any applicable sales charge. All payments by the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by the Trust of any of the Class A shares purchased by or through the Underwriter will not affect the sales charge secured by the Underwriter or any selected dealer or compensation paid to any selected agent (unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages course of the net asset value original sale, regardless of those Shares as from the length of the time to time set forth in period between the Prospectus relating to those Shares purchase by an investor and his tendering for redemption or their cost, whichever is lessrepurchase. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust (or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. Financial Industry Regulatory Authority (the "NASD"“FINRA”) and any interpretations thereofthereof (“FINRA rules and interpretations”), any applicable the deferred sales charges charges, if any, as defined in the above paragraph, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares of a Fund or payment therefor by a Fund may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is closed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust such Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a such Fund's ’s net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Conduct Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor in accordance with the Distributor's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in Section 2 of Article VI of its Agreement and Declaration of Trust and in accordance with the Organic Documents and applicable provisions set forth in the Prospectus relating to the Sharesand Statement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(d) hereof less, in the case of Shares for which a deferred sales charge is assessedClass B shares, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as set forth from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is lessProspectus. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and B shares that have been outstanding for a specified period of time or purchased by certain classes of persons or in connection with certain types of transactions may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating and Statement of Additional Information. All payments by the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by the Trust of any of the Class A shares purchased by or through the Underwriter will not affect the sales charge secured by the Underwriter or any selected dealer or compensation paid to those Shares. any selected agent (b) unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the course of the original sale, regardless of the length of the time period between purchase by an investor and his tendering for redemption or repurchase. The Trust (or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereofthereof ("NASD rules and interpretations"), any applicable the deferred sales charges charges, if any, as defined in the above paragraph, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares of a Fund or payment therefor by a Fund may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is closed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust such Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a such Fund's net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares Units of a Fund or Class thereof Series of Trust may be tendered for redemption at any time, and the Series of Trust agrees to redeem or repurchase the Shares such Units so tendered in accordance with its obligations as set forth in the Organic Documents Trust Agreement and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Sharesrelevant Prospectus. (b) The Series of Trust or its designated agent shall pay (i) the total amount of the redemption price consisting as determined in accordance with the terms of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent Trust Agreement, and (ii) except as may be otherwise required by the Rules of Fair Practice (the "FINRA Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Company, in accordance with the Distributor's Company’s instructions on or before the fifth business seventh calendar day (or such other earlier business day as is customary in the investment company industry) subsequent to the Series of Trust or its agent having received the notice of redemption in proper form. (c) Redemption Not later than the close of Shares business on the day of tender of a Unit for redemption by a unitholder other than the Company, the Trustee shall notify the Company of such tender. The Company shall have the right to purchase such Unit by notifying the Trustee of its election to make such purchase by the Trustee’s close of business on the day on which such Unit was tendered for redemption. Any such purchase shall be made by payment for such Unit by the Company to the unitholder not later than the close of business on the date of such redemption of an amount not less than the redemption price otherwise payable by the Trustee to such unitholder. (d) Pursuant to the terms of the Trust Agreement, the redemption of Units or payment therefor therefore may be suspended at times when (1) for any period during which the New York Stock Exchange is closed other than customary weekend and holiday closings or during which trading on the New York Stock Exchange is restricted; (2) for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of period during which disposal by the Trust of securities owned by a Fund any securities, derivatives transactions or other property is not reasonably practicable or it is not reasonably practicable for the Trust to fairly to determine the value of a Fund's net assets, any securities or during any other property held in the Trust in accordance with the Services Agreement; or (3) for such other period when as the SEC so requires or permitsmay by order permit.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) a. Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust each Fund agrees to repurchase or redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in Article VI of the Organic Documents Trust's Agreement and Declaration of Trust, as amended from time to time, and in accordance with the Prospectus applicable provisions set forth in the prospectus and statement of additional information relating to the Sharesapplicable Fund. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(e) hereof less, (or in the case of Shares for which a redemption on the Guarantee Maturity Date (as defined in each Fund's prospectus) at the redeeming shareholder's Guaranteed Amount (as defined in each Fund's prospectus)), less any contingent deferred sales charge is assessed("CDSC"), a deferred sales charge equal to a specified percentage redemption fee or percentages of the net asset value of those Shares as from time to time other charge(s), if any, set forth in the Prospectus prospectus and statement of additional information relating to those Shares or their cost, whichever is lessthe applicable Fund. Shares of All payments by a Fund hereunder shall be made in the manner set forth below. The redemption or Class thereof for which repurchase by a deferred Fund of any of the Shares purchased by or through the Distributor will not affect the sales charge may be assessed and secured by the Distributor or any financial intermediary in the course of the original sale, except that have been outstanding if any Shares are tendered for a specified period redemption or repurchase within seven business days after the date of time may be redeemed without payment the confirmation of a deferred the original purchase, the right to the sales charge as from time to time set forth in shall be forfeited by the Prospectus relating to those Distributor and the financial intermediary that sold such Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge CDSC shall be paid to the redeeming shareholder or its agent Distributor, and (ii) except as may the balance shall be otherwise required by paid to or for the Rules of Fair Practice (the "Rules") account of the National Association of Securities Dealers Regulationshareholder, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor in each case in accordance with the Distributor's instructions on or before applicable provisions of the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice prospectus and statement of redemption in proper formadditional information. (c) b. Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon on said Exchange is closed, when trading on said Exchange is suspended, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Trust a Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a the net assets of the Fund's net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in Agreement and Declaration of Trust and in accordance with the Organic Documents applicable provisions set forth in the applicable Prospectus and the Prospectus relating to the SharesStatement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(e) hereof lesshereof, less any applicable sales charge or redemption fee. All payments by a Fund hereunder shall be made in the manner set forth below. The redemption or repurchase by a Fund of any of the Class A shares purchased by or through the Underwriter will not affect the initial sales charge secured by the Underwriter or any selected dealer or compensation paid to any selected agent (unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages course of the net asset value original sale, regardless of those Shares as from the length of the time to time set forth in the Prospectus relating to those Shares period between purchase by an investor and his tendering for redemption or their cost, whichever is lessrepurchase. Shares of a A Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Conduct Rules of the Fair Practice of the Financial Industry Regulatory Authority (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD"“FINRA”) and any interpretations thereofthereof (“FINRA rules and interpretations”), any applicable the deferred sales charges charges, if any, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust a Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust Fund fairly to determine the value of a Fund's its net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their costand less, whichever in the case of Shares for which a redemption fee is lessassessed, a redemption fee equal to the charges as from time to time set forth in the Prospectus relating to those Shares. Shares of a Fund or Class thereof for which a deferred sales charge or redemption fee may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge or redemption fee as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price (after applicable redemption or other fees) less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Foreside in accordance with the DistributorForeside's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof Units may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares Units so tendered in accordance with its obligations as set forth in the Organic Documents Trust Agreement and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those SharesProspectus. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting Redemption Price as determined in accordance with the terms of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent Trust Agreement, and (ii) except as may be otherwise required by the Rules of Fair Practice (the "FINRA Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor EGD, in accordance with the Distributor's EGD’s instructions on or before the fifth business seventh calendar day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Not later than the Trustee’s close of business on the day of tender of a Unit for redemption by a unitholder other than EGD, the Trustee shall notify EGD of such tender. EGD shall have the right to purchase such Unit by notifying the Trustee of its election to make such purchase by the Trustee’s close of business the day on which such Unit was tendered for redemption. Such purchase shall be made by payment for such Unit by EGD to the unitholder not later than the close of business on the Redemption Date of an amount not less than the Redemption Price which would otherwise be payable by the Trustee to such unitholder. (d) Pursuant to the terms of the Trust Agreement, Redemption of Shares Units or payment therefor therefore may be suspended at times when (1) for any period during which the New York Stock Exchange is closed other than customary weekend and holiday closings or during which trading on the New York Stock Exchange is restricted; (2) for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of period during which disposal by the Trust of any securities owned by a Fund or other property is not reasonably practicable or it is not reasonably practicable for the Trust to fairly to determine the value of a Fund's net assets, any securities or during any other property held in the Trust in accordance with the Trust Agreement; or (3) for such other period when as the SEC so requires or permitsmay by order permit.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents Trust Instrument and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers Regulation, Inc. (the "NASD") and any interpretations thereof, any applicable deferred sales charges to the Distributor Forum in accordance with the DistributorForum's instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in Section 2 of Article VI of its Agreement and Declaration of Trust and in accordance with the Organic Documents and applicable provisions set forth in the Prospectus relating to the Sharesand Statement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(d) hereof lesshereof, less any applicable sales charge. All payments by the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by the Trust of any of the Class A shares purchased by or through the Underwriter will not effect the sales charge secured by the Underwriter or any selected dealer or compensation paid to any selected agent (unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages course of the net asset value original sale, regardless of those Shares as from the length of the time to time set forth in period between the Prospectus relating to those Shares purchase by an investor and his tendering for redemption or their cost, whichever is lessrepurchase. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust (or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereofthereof ("NASD rules and interpretations"), any applicable the deferred sales charges charges, if any, as defined in the above paragraph, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares of a Fund or payment therefor by a Fund may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is closed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust such Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a such Fund's net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in Section 6.2 of Article 6 of its Agreement and Declaration of Trust and in accordance with the Organic Documents applicable provisions set forth in the relevant Prospectus and the Prospectus relating to the SharesStatement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(d) hereof less, in the case of Shares for which a deferred sales charge is assessedClass B shares, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares Class B shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and B shares that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating relevant Prospectus. All payments by the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by the Trust of any of the Class A shares will not affect the sales charge secured by the Underwriter or any selected dealer or compensation paid to those Shares. any selected agent (b) unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the course of the sale to such Class A shareholder of the mutual fund shares exchanged for such Class A shares (or exchanged for other mutual fund shares that, ultimately through one or a series of exchanges, were exchanged for such Class A shares), regardless of the length of the time period between purchase by an investor and his tendering for redemption or repurchase. The Trust (or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereofthereof ("NASD rules and interpretations"), any applicable the deferred sales charges charges, if any, as defined in the above paragraph, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is closed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's its net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof may be tendered for redemption at any time, and the Trust agrees to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b) hereof less, in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages of the net asset value of those Shares as from time to time set forth in the Prospectus relating to those Shares or their cost, whichever is less. Shares of a Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) except as may be otherwise required by the Rules of Fair Practice (the "“Rules"”) of the National Association of Securities Dealers Regulation, Inc. or its successor the Financial Industry Regulatory Authority (the "NASD"“FINRA”) and any interpretations thereof, any applicable deferred sales charges to the Distributor in accordance with the Distributor's ’s instructions on or before the fifth business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closings, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust of securities owned by a Fund is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of a Fund's net assets, or during any other period when the SEC so requires or permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding Shares of a Fund or Class thereof shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the Shares shares so tendered in accordance with its obligations as set forth in Article Six of its Agreement and Declaration of Trust and in accordance with the Organic Documents applicable provisions set forth in the applicable Prospectus and the Prospectus relating to the SharesStatement of Additional Information. The price to be paid to redeem or repurchase the Shares of a Fund of Class thereof shares shall be equal to the net asset value calculated in accordance with the provisions of Section 3(b3(e) hereof lesshereof, less any applicable sales charge or redemption fee. All payments by a Fund hereunder shall be made in the manner set forth below. The redemption or repurchase by a Fund of any of the Class A shares purchased by or through the Underwriter will not affect the initial sales charge secured by the Underwriter or any selected dealer or compensation paid to any selected agent (unless such selected dealer or selected agent has otherwise agreed with the Underwriter), in the case of Shares for which a deferred sales charge is assessed, a deferred sales charge equal to a specified percentage or percentages course of the net asset value original sale, regardless of those Shares as from the length of the time to time set forth in the Prospectus relating to those Shares period between purchase by an investor and his tendering for redemption or their cost, whichever is lessrepurchase. Shares of a A Fund or Class thereof for which a deferred sales charge may be assessed and that have been outstanding for a specified period of time may be redeemed without payment of a deferred sales charge as from time to time set forth in the Prospectus relating to those Shares. (b) The Trust or its designated agent agent) shall pay (i) the total amount of the redemption price consisting of the redemption price less any applicable deferred sales charge to the redeeming shareholder or its agent and (ii) and, except as may be otherwise required by the Conduct Rules of Fair Practice (the "Rules") of the National Association of Securities Dealers RegulationDealers, Inc. (the "NASD") and any interpretations thereofthereof ("NASD rules and interpretations"), any applicable the deferred sales charges charges, if any, pursuant to the Distributor instructions of the Underwriter in accordance with the Distributor's instructions New York Clearing House funds on or before the fifth seventh business day (or such other earlier business day as is customary in the investment company industry) subsequent to the Trust or its agent having received the notice of redemption in proper form. (cb) Redemption of Shares shares or payment therefor may be suspended at times when the New York Stock Exchange is closed for any reason other than its customary weekend or holiday closingsclosed, when trading thereon is restricted, when an emergency exists as a result of which disposal by the Trust a Fund of securities owned by a Fund it is not reasonably practicable or it is not reasonably practicable for the Trust Fund fairly to determine the value of a Fund's its net assets, or during any other period when the SEC Securities and Exchange Commission, by order, so requires or permits.