Common use of Repurchase or Redemption Clause in Contracts

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund 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 Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund 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 an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem the Shares so tendered in accordance with its Declaration Articles of Trust Incorporation 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 Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund 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 an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares Class I shares by the Fund ----------------------------------------------Program. --------------------------------------------------------- 4.1 (a) Any of the outstanding Shares Class I shares may be tendered for redemption at any time, and the Fund Program agrees to repurchase or redeem the Shares Class I shares so tendered in accordance with its Declaration obligations as set forth in Article VI of Trust its Articles of Incorporation, as amended from time to time, and in accordance with the applicable provisions set forth in the prospectus and statement of the Prospectusadditional information. The price to be paid to redeem or repurchase the Shares Class I shares shall be equal to the net asset value determined as calculated in accordance with the provisions of Section 3(d) hereof, less any contingent deferred sales charge ("CDSC"), redemption fee or other charge(s), if any, set forth in the Prospectusprospectus and statement of additional information relating to the Fund. All payments by the Fund Program hereunder shall be made in the manner set forth below. The redemption or repurchase by the Program of any of the Class I shares purchased by or through the Distributor will not affect the sales charge secured by the Distributor or any selected dealer in Section 4.2 below. 4.2 the course of the original sale, except that if any Class I shares are tendered for redemption or repurchase within seven business days after the date of the confirmation of the original purchase, the right to the sales charge shall be forfeited by the Distributor and the selected dealer which sold such Class I shares. The Fund Program 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 business 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 Fund Program as follows: : (i) in the case of Shares subject to a contingent deferred sales charge, any applicable contingent deferred sales charge CDSC shall be paid to the Distributor, and (ii) the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with the applicable provisions of the Prospectus; prospectus and (ii) in the case statement 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 Prospectusadditional information. 4.3 (b) Redemption of any class and/or series of Shares Class I 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 suspended, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Fund Program of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund Program fairly to determine the value of its the net assetsassets of the Fund, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund 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 Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund 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 an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares shares of the Liquid Assets Series may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem the Shares shares of the Liquid Assets Series so tendered in accordance with its Declaration Articles of Trust Incorporation 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 of the Liquid Assets Series shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 of the Liquid Assets Series shall be paid by the Fund 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 shares of Shares the Liquid Assets Series 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 an emergency exists as a result of which disposal by the Fund Liquid Assets Series of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund 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 Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund 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 an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares Class I shares by the Fund ----------------------------------------------------------------------------------------------- Corporation. ----------- 4.1 (a) Any of the outstanding Shares Class I shares may be tendered for redemption at any time, and the Fund Corporation agrees to repurchase or redeem the Shares Class I shares so tendered in accordance with its Declaration obligations as set forth in Article VI of Trust its Articles of Incorporation, as amended from time to time, and in accordance with the applicable provisions set forth in the prospectus and statement of the Prospectusadditional information. The price to be paid to redeem or repurchase the Shares Class I shares shall be equal to the net asset value determined as calculated in accordance with the provisions of Section 3(d) hereof, less any contingent deferred sales charge ("CDSC"), redemption fee or other charge(s), if any, set forth in the Prospectusprospectus and statement of additional information relating to the Fund. All payments by the Fund Corporation hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 . The Fund shall pay redemption or repurchase by the total amount Corporation of any of the redemption price as defined Class I shares purchased by or through the Distributor will not affect the sales charge secured by the Distributor or any selected dealer in the above paragraph pursuant course of the original sale, except that if any Class I shares are tendered for redemption or repurchase within seven business days after the date of the confirmation of the original purchase, the right to the instructions of sales charge shall be forfeited by the Distributor on or before and 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 Fund as follows:selected dealer which sold such Class I shares. (i) in the case of Shares subject to a contingent deferred sales charge, any applicable contingent deferred sales charge CDSC shall be paid to the Distributor, and (ii) the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with the applicable provisions of the Prospectus; prospectus and (ii) in the case statement 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 Prospectusadditional information. 4.3 (b) Redemption of any class and/or series of Shares Class I 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 suspended, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Fund Corporation of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund Corporation fairly to determine the value of its the net assetsassets of the Fund, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Class B Shares by the Fund ----------------------------------------------------------------------------------------------- Corporation. ----------- 4.1 (a) Any of the outstanding Shares Class B shares may be tendered for redemption at any time, and the Fund Corporation agrees to repurchase or redeem the Shares Class B shares so tendered in accordance with its Declaration obligations as set forth in Article VI of Trust its Articles of Incorporation, as amended from time to time, and in accordance with the applicable provisions set forth in the prospectus and statement of the Prospectusadditional information. The price to be paid to redeem or repurchase the Shares Class B shares shall be equal to the net asset value determined as calculated in accordance with the provisions of Section 3(c) hereof, less any contingent deferred sales charge ("CDSC"), redemption fee(s) or other charge(s), if any, set forth in the Prospectusprospectus and statement of additional information relating to the Fund. All payments by the Fund Corporation hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund as follows: (i) in the case of Shares subject to a contingent deferred sales charge, any applicable contingent deferred sales charge CDSC shall be paid to the Distributor, and (ii) the balance shall be paid to or for the account of the redeeming shareholder, in each case in accordance with the applicable provisions of the Prospectus; prospectus and (ii) in the case statement 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 Prospectusadditional information. 4.3 (b) Redemption of any class and/or series of Shares Class B 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 suspended, when trading on said Exchange is restricted, when an emergency exists as a result of which disposal by the Fund Corporation of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund Corporation fairly to determine the value of its the net assetsassets of the Fund, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund 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 Fund hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund 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 Fund 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 an emergency exists as a result of which disposal by the Fund of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.

Repurchase or Redemption. of Shares by the Fund a Series ---------------------------------------------- 4.1 Any of the outstanding Shares of a Series may be tendered for redemption at any time, and the Fund 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 of a Series shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Fund a Series hereunder shall be made in the manner set forth in Section 4.2 below. 4.2 The Fund shall pay from the appropriate Series 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 Fund Series as follows: : (iI) 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 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 an emergency exists as a result of which disposal by the Fund a Series of securities owned by it is not reasonably practicable or it is not reasonably practicable for the Fund Series fairly to determine the value of its net assets, or during any other period when the Securities and Exchange Commission, by order, so permits.