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. (b) The Trust or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD in accordance with AFD'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's or its agent's having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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. (b) The Trust or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD OFD in accordance with AFDOFD'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's or its agent's having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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 Trust’s Trust Instrument and Bylaws and the Prospectus relating to the Shares. (b) The Trust or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD Distributor in accordance with AFDDistributor'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's Trust or its agent's agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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. (b) The Trust or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD in accordance with AFD'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's or its agent's having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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 the Funds may be tendered for redemption at any time, and the Trust agrees Funds agree 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. (b) The Trust Funds or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge redemption fee to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD XTF CAPITAL in accordance with AFD's XTF CAPITAL’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's Trust or its agent's agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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 Funds of securities owned by a Fund the Funds is not reasonably practicable or it is not reasonably practicable for the Trust Funds fairly to determine the value of a Fund's the Funds’ 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 the Funds may be tendered for redemption at any time, and the Trust agrees Funds agree 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. (b) The Trust Funds or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge redemption fee to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD XTF CAPITAL in accordance with AFD's XTF CAPITAL’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's Trust or its agent's agent having received the notice of redemption in proper form. (ca) Redemption of Shares or payment therefore 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 Funds of securities owned by a Fund the Funds is not reasonably practicable or it is not reasonably practicable for the Trust Funds fairly to determine the value of a Fund's the Funds’ 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 the Funds may be tendered for redemption at any time, and the Trust agrees Funds agree 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. (b) The Trust Funds or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge redemption fee to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD FINRA Rules, any applicable deferred sales charges to AFD LT & Co. in accordance with AFD's LT & Co.’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's Trust or its agent's agent having received the notice of redemption in proper form. (c) Redemption of Shares or payment therefore 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 Funds of securities owned by a Fund the Funds is not reasonably practicable or it is not reasonably practicable for the Trust Funds fairly to determine the value of a Fund's the Funds’ 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 Trust’s Trust Instrument and Bylaws and the Prospectus relating to the Shares. (b) The Trust or its designated agent shall pay: (i) the total amount of the redemption price consisting of the NAV less any applicable deferred sales charge to the redeeming shareholder or its agent, and (ii) except as may be otherwise required by the NASD Rules, any applicable deferred sales charges to AFD Distributor in accordance with AFDDistributor'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's Trust or its agent's agent having received the notice of redemption in proper form. (ca) Redemption of Shares or payment therefore 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.