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

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Trust agrees to repurchase or redeem the Shares so tendered in accordance with its Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem or repurchase the Shares shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Trust hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Trust shall pay the total amount of the redemption price as defined in the above paragraph pursuant to the instructions of the Distributor on or before the seventh day subsequent to its having received the notice of redemption in proper form. The proceeds of any redemption of Shares shall be paid by the Trust as follows: (i) in the case of Shares subject to a contingent deferred sales charge, any applicable contingent deferred sales charge shall be paid to the Distributor, and the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus; and (ii) in the case of all other Shares, proceeds shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus. 4.3 Redemption of any class and/or series of Shares or payment may be suspended at times when the New York Stock Exchange is closed for other than customary weekends and holidays, when trading on said Exchange is restricted, when

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. 4.1 Any of the outstanding Shares shares may be tendered for redemption at any time, and the Trust agrees to repurchase or redeem the Shares shares so tendered in accordance with its Declaration of Trust Trust, as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem or repurchase the Shares shares shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Trust hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Trust shall pay the total amount of the redemption price as defined in the above paragraph pursuant to the instructions of the Distributor on or before the seventh calendar day subsequent to its having received the notice of redemption in proper form. The proceeds of any redemption of Shares shares shall be paid by the Trust as follows: (i) in the case of Shares shares subject to a contingent deferred sales chargecharge ("CDSC"), any applicable contingent deferred sales charge CDSC shall be paid to to, for the account of, or at the direction of, the Distributor, and the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus; and (ii) in the case of all other Sharesshares, proceeds shall be paid to or for the account of the redeeming shareholder, in each case in accordance with applicable provisions of the Prospectus. 4.3 Redemption of any class and/or series of Shares shares or payment may be suspended at times when the New York Stock Exchange is closed for other than customary weekends and holidays, when trading on said Exchange is restricted, whenwhen an emergency exists as a result of which disposal by the Trust of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of its net assets, or during any other period when the Commission, by order, so permits.

REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST. 4.1 (a) Any of the outstanding Shares shares may be tendered for redemption at any time, and the Trust agrees to repurchase or redeem the Shares so shares so-tendered in accordance with its obligations as set forth in Article VIII of its Declaration of Trust 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 ProspectusTrust. The price to be paid to redeem or repurchase the Shares shares shall be equal to the net asset value determined as calculated in accordance with the provisions of Section 3(e) hereof, less the redemption fee or other charge, if any, set 6 forth in the Prospectusprospectus and statement of additional information of the Trust. All payments by the Trust hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Trust shall pay the total amount of the redemption price as defined in the above paragraph pursuant to the instructions of the Distributor on or before the seventh day subsequent to its having received the notice of redemption in proper form. The proceeds of any redemption of Shares shall be paid by the Trust as follows: (i) in the case of Shares subject to a contingent deferred sales charge, any any-applicable contingent deferred sales charge shall be paid to the Distributor, Distributor and (ii) the balance shall be paid to or for the account of the redeeming shareholdershareholders, in each case in accordance with the applicable provisions of the Prospectus; prospec- tus and (ii) in the case statement of all other Shares, proceeds shall be paid to or for the account additional information of the redeeming shareholder, in each case in accordance with applicable provisions of the ProspectusSeries. 4.3 (b) Redemption of any class and/or series of Shares shares or payment may be suspended at times when the New York Stock Exchange is closed for other than customary weekends and holidaysclosed, when trading on said Exchange is closed, when trading on said Exchange is restricted, whenwhen an emergency exists as a result of which dis- posal by the Trust of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Trust fairly to determine the value of the net assets of its Series, or during any other period when the Securities and Exchange Commission, by order, so permits. 7