REPURCHASE OR REDEMPTION OF SHARES. (a) Any of the outstanding Shares of a Fund may be tendered for redemption at any time, and each Fund agrees to redeem its Shares so tendered in accordance with the applicable provisions set forth in its Prospectus. The price to be paid to redeem the Shares shall be equal to the net asset value determined as set forth in the Prospectus less any applicable contingent deferred sales charge ("CDSC"). Upon any redemption of Shares the Fund shall pay the total amount of the redemption price in New York Clearing House funds in accordance with applicable provisions of the Prospectus.
Appears in 61 contracts
Samples: Dean Witter (Witter Dean Tax Exempt Securities Trust), Distribution Agreement (Morgan Stanley Mid Cap Value Fund), Distribution Agreement (Morgan Stanley Dean Witter Diversified Income Trust)
REPURCHASE OR REDEMPTION OF SHARES. (a) Any of the outstanding Shares of a Fund may be tendered for redemption at any time, and each Fund agrees to redeem its Shares so tendered in accordance with the applicable provisions set forth in its Prospectus. The price to be paid to redeem the Shares shall be equal to the net asset value determined as set forth in the Prospectus less any applicable contingent deferred sales charge ("“CDSC"”). Upon any redemption of Shares the Fund shall pay the total amount of the redemption price in New York Clearing House funds in accordance with applicable provisions of the Fund’s Prospectus.
Appears in 9 contracts
Samples: Distribution Agreement (Morgan Stanley Insight Fund), Distribution Agreement (Morgan Stanley Tax Free Daily Income Trust), Distribution Agreement (Morgan Stanley Mortgage Securities Trust)
REPURCHASE OR REDEMPTION OF SHARES. (a) Any of the outstanding Shares of a Fund may be tendered for redemption at any time, and each Fund agrees to redeem its Shares so tendered in accordance with the applicable provisions set forth in its Prospectus. The price to be paid to redeem the Shares shall be equal to the net asset value determined as set forth in the Prospectus less any applicable contingent deferred sales charge ("CDSC"). Upon any redemption of Shares the Fund shall pay the total amount of the redemption price in New York Clearing House funds in accordance with applicable provisions of the Fund's Prospectus.
Appears in 7 contracts
Samples: Distribution Agreement (Morgan Stanley Small Mid Special Value Fund), Distribution Agreement (Morgan Stanley Series Funds), Distribution Agreement (Morgan Stanley Series Funds)
