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 may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the 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 applicable provisions set forth in the applicable 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(e) hereof, 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 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. A 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.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the shares so tendered in accordance with its obligations as set forth in Section 2 of Article Six VI of its Agreement and Declaration of Trust and in accordance with the applicable provisions set forth in the applicable 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(e3(d) hereof, less any applicable sales charge or redemption feecharge. All payments by a Fund the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by a Fund the Trust of any of the Class A shares purchased by or through the Underwriter will not affect effect 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 course of the original sale, regardless of the length of the time period between the purchase by an investor and his tendering for redemption or repurchase. A Fund The Trust (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. (the "NASD") and any interpretations thereof ("NASD 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.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the 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 applicable provisions set forth in the applicable 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(e) hereof, 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 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. A 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 Fair Practice of Securities Dealers, Inc. the Financial Industry Regulatory Authority (the "NASD"“FINRA”) and any interpretations thereof ("NASD “FINRA 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.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the 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 applicable provisions set forth in the applicable 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(e3(d) hereof, less any applicable sales charge or redemption feecharge. All payments by a Fund the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by a Fund the Trust 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 course of the original sale, regardless of the length of the time period between the purchase by an investor and his tendering for redemption or repurchase. A Fund The Trust (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 "NASD"“FINRA”) 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.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. (a) Any of the outstanding shares may be tendered for redemption at any time, and the Trust agrees on behalf of each Fund to redeem or repurchase the shares so tendered in accordance with its obligations as set forth in Section 6.2 of Article Six 6 of its Agreement and Declaration of Trust and in accordance with the applicable provisions set forth in the applicable relevant 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(e3(d) hereofhereof less, less any applicable in the case of Class B shares, a deferred sales charge equal to a specified percentage or redemption feepercentages of the net asset value of the Class B shares or their cost, whichever is less. Class 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 relevant Prospectus. All payments by a Fund the Trust hereunder shall be made in the manner set forth below. The redemption or repurchase by a Fund the Trust 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 course of the original salesale 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. A Fund The Trust (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. (the "NASD") and any interpretations thereof ("NASD 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.