Restatement of PPI Sample Clauses

Restatement of PPI. (i) If there has been a misstatement of PPI of a Portfolio on any Valuation Date, Mellon shall restate such Portfolio's PPI and/or reconcile participating interest holder accounts in accordance with the Trust's procedures for correcting fund pricing errors, a true and correct copy of which has been provided to Mellon. Such procedures may be amended from time to time as agreed upon by Mellon and the Trust. (ii) In the event of a purchase of Interests of a Portfolio by an interest holder associated with a misstated PPI and in the event that participating interest holder accounts are to be corrected pursuant to the procedures described in subsection e(1) above, each affected interest holder's account shall be corrected by effecting a purchase or sale of Interests, as appropriate, of the relevant Portfolio using the corrected PPI and the dollar amount equal to the dollar amount associated with the purchase or sale of shares, as appropriate, at the misstated PPI. If there are insufficient Interests of such Portfolio for a participating interest holder to enable any such corrected sale transaction to be effected, the Portfolio shall cause the participating interest holder to repay to such Portfolio any such amount distributed to or otherwise transferred for the benefit of each affected participating interest holder in excess of the amount to which the participating interest holder was entitled had the sale proceeds been determined at the corrected PPI. (iii) The cost of making corrections to the PPI of a Portfolio and/or interest holder accounts shall not be borne by Mellon except to the extent that Mellon has been negligent in the performance of its duties under this Agreement.
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Related to Restatement of PPI

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