Common use of Sales and Redemptions Clause in Contracts

Sales and Redemptions. (a) The Company shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type), except as set forth in subsection 2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement. (b) The Company shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the Company's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company and the Company may approve, and the Funds shall pay all fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreement. It is understood that certain advertising, marketing, shareholder servicing, administration and/or distribution expenses to be incurred in connection with the Shares may be paid as provided in any plan which may be adopted by the Funds in accordance with Rule 12b-1 under the 1940 Act. (c) The Company hereby authorizes the Distributor to repurchase, upon the terms and conditions set forth in the Registration Statement (as the same may be supplemented by written instructions given by the Funds to the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to time. (d) The Company shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time permitted by the 1940 Act or the rules of the Commission. (e) The Company reserves the right to reject any order for Shares. (f) No Shares shall be offered by either the Company or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph shall in any way restrict or have any application to or bearing upon the Funds' obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or Prospectuses.

Sales and Redemptions. (a) The Company Trust shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company Trust hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type)Prospectus, except as set forth in subsection 2(cSection 2.2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement. (b) The Company Trust shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the CompanyTrust's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company Trust and the Company Trust may approve, and the Funds Trust shall pay all fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreementfederal laws. It is understood that certain advertising, marketing, shareholder servicing, administration and/or distribution expenses to be incurred in connection with the Shares may be paid as provided in any plan which may be adopted by the Funds Trust in accordance with Rule 12b-1 under the 1940 Act. (c) The Company hereby authorizes the Distributor to repurchase, upon the terms and conditions set forth in the Registration Statement (as the same may be supplemented by written instructions given by the Funds to the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to time. (d) The Company Trust shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time permitted by the 1940 Act or the rules of the Commission. (ed) The Company Trust reserves the right to reject any order for Shares. (fe) No Shares shall be offered by either the Company Trust or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds Trust if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; providedPROVIDED, howeverHOWEVER, that nothing contained in this sub-paragraph subsection shall in any way restrict or have any application to or bearing upon the Funds' Trust's obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or ProspectusesProspectus.

Sales and Redemptions. (a) The Company Fund shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company Fund hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type)Prospectus, except as set forth in subsection 2(cSection 2.2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement. (b) The Company Fund shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the CompanyFund's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company Fund and the Company Fund may approve, and the Funds Avalon shall pay all fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreementfederal laws. It is understood that certain advertising, marketing, shareholder servicing, administration and/or distribution expenses to be incurred in connection with the Shares may be paid as provided in any plan which may be adopted by the Funds Fund in accordance with Rule 12b-1 under the 1940 Act. (c) The Company hereby authorizes the Distributor to repurchase, upon the terms and conditions set forth in the Registration Statement (as the same may be supplemented by written instructions given by the Funds to the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to time. (d) The Company Fund shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time permitted by the 1940 Act or the rules of the Commission. (ed) The Company Fund reserves the right to reject any order for Shares. (fe) No Shares shall be offered by either the Company Fund or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds Fund if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph subsection shall in any way restrict or have any application to or bearing upon the Funds' Fund's obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or ProspectusesProspectus.

Sales and Redemptions. (a) Shares of the Company are to be sold by the Distributor to shareholders at the offering price as set forth in the Prospectuses then in effect. (b) The Company shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type), Prospectuses except as set forth in subsection 2(c) of Section II hereof. Under hereof or in any other agreement entered into by the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration StatementCompany. (bc) The Company shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the Company's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company and the Company may approve, and the Funds Company shall pay all filing fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreement. It is understood that certain advertising. (d) Any of the outstanding Shares of the Company may be tendered for redemption at any time, marketing, shareholder servicing, administration and/or distribution expenses and the Company agrees to be incurred in connection with repurchase or redeem the Shares may be paid as provided in any plan which may be adopted by the Funds so tendered in accordance with Rule 12b-1 under the 1940 Act. (c) Company's Charter, Bylaws and Prospectuses. The Company hereby authorizes price to be paid to redeem or repurchase the Distributor Shares shall be equal to repurchase, upon the terms and conditions net asset value per Share determined as set forth in the Registration Statement applicable Prospectus (as the same may be supplemented by written instructions given "redemption price"). All payments by the Funds to Company hereunder shall be made in the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to timemanner set forth in Section 3(e) below. (de) The proceeds of any redemption of shares shall be paid by the Company (or its agent) in accordance with the applicable provisions of the applicable Prospectus. (f) The Company shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time as permitted by the 1940 Act or the rules of the CommissionCommission ("Rules"). (eg) The Company reserves the right to reject in its discretion any order for Shares. (f) No Shares shall be offered by either the Company or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph shall in any way restrict or have any application to or bearing upon the Funds' obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or Prospectuses.

Sales and Redemptions. (a) Shares of the Company are to be sold by the Distributor to shareholders at the offering price as set forth in the Prospectuses then in effect. (b) The Company shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type), except as set forth in subsection 2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement.Prospectuses except (bc) The Company shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the Company's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company and the Company may approve, and the Funds Company shall pay all filing fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreement. It is understood that certain advertising. (d) Any of the outstanding Shares of the Company may be tendered for redemption at any time, marketing, shareholder servicing, administration and/or distribution expenses and the Company agrees to be incurred in connection with repurchase or redeem the Shares may be paid as provided in any plan which may be adopted by the Funds so tendered in accordance with Rule 12b-1 under the 1940 Act. (c) Company's Declaration, Bylaws and Prospectuses. The Company hereby authorizes price to be paid to redeem or repurchase the Distributor Shares shall be equal to repurchase, upon the terms and conditions net asset value per Share determined as set forth in the Registration Statement applicable Prospectus (as the same may be supplemented by written instructions given "redemption price"). All payments by the Funds Company hereunder shall be made in the manner set forth in Section 3(e) below. (e) The Company (or its agent) shall pay the total amount of the redemption price pursuant to the Distributor from time to time), as agent instructions of the Funds and Distributor on or before the seventh calendar day subsequent to the Company (or its agent) having received the notice of redemption in proper form. The proceeds of any redemption of shares shall be paid by the Company (or its agent) to or for the account of the Fundsredeeming shareholder, such shares as may be offered for sale to in each case in accordance with the Funds from time to timeapplicable provisions of the applicable Prospectus. (df) The Company shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time as permitted by the 1940 Act or the rules of the CommissionCommission ("Rules"). (eg) The Company reserves the right to reject any order for Shares, but shall not do so arbitrarily or without reasonable cause. (f) No Shares shall be offered by either the Company or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph shall in any way restrict or have any application to or bearing upon the Funds' obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or Prospectuses.

Sales and Redemptions. (a) The Company shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type), Prospectuses except as set forth in subsection 2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement.in (b) The Company shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the Company's officers in connection with the qualification of the Shares for sale in such states as the Distributor CFG may designate to the Company and the Company may approve, and the Funds Company shall pay all filing fees which may be incurred in connection with such qualification. The Distributor CFG shall pay all expenses connected with its qualification as a dealer under state or Federal federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor CFG in connection with the sale of the Shares as contemplated in this Agreement. It is understood that certain advertising, marketing, shareholder servicing, administration administration, distribution and/or distribution other expenses to be incurred in connection with the Shares may be paid as provided in any a Shareholder Service Plan or a plan which may be adopted pursuant to Rule 12b-1 of the 1940 Act adopted by the Funds Company (collectively, the "Plans"). The Distributor agrees to be responsible for implementing and operating such Plans in accordance with Rule 12b-1 under the 1940 Actterms thereof. (c) The Company hereby authorizes the Distributor to repurchase, upon the terms and conditions set forth in the Registration Statement (as the same may be supplemented by written instructions given by the Funds to the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to time. (d) The Company shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time as permitted by the 1940 Act or the rules of the CommissionCommission ("Rules"). (ed) The Company reserves the right to reject any order for Shares, but will not do so arbitrarily or without reasonable cause. (f) No Shares shall be offered by either the Company or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph shall in any way restrict or have any application to or bearing upon the Funds' obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or Prospectuses.

Sales and Redemptions. (a) The Company Trust shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company Trust hereunder, . and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type)Prospectus, except as set forth in subsection 2(cSection 2.2(c) of Section II hereof. Under the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration Statement. (b) The Company Trust shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the CompanyTrust's officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company Trust and the Company Trust may approve, and the Funds Trust shall pay all fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreementfederal laws. It is understood that certain advertising, marketing, shareholder servicing, administration and/or distribution expenses to be incurred in connection with the Shares may be paid as provided in any plan which may be adopted by the Funds Trust in accordance with Rule 12b-1 under the 1940 Act. (c) The Company hereby authorizes the Distributor to repurchase, upon the terms and conditions set forth in the Registration Statement (as the same may be supplemented by written instructions given by the Funds to the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to time. (d) The Company Trust shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time permitted by the 1940 Act or the rules of the Commission. (ed) The Company Trust reserves the right to reject any order for Shares. (fe) No Shares shall be offered by either the Company Trust or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds Trust if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph subsection shall in any way restrict or have any application to or bearing upon the Funds' Trust's obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or ProspectusesProspectus.

Sales and Redemptions. (a) Shares of the Company are to be sold by the Distributor to shareholders at the offering price as set forth in the Prospectuses then in effect. (b) The Company shall pay all costs and expenses of the Funds, including fees and disbursements of its counsel, in connection with the registration of the Shares under the 1933 Act, and all expenses in connection with maintaining facilities for the issue and transfer of the Shares and for supplying information, prices and other data to be furnished by the Company hereunder, and all expenses in connection with preparing, printing and distributing to shareholders, any Prospectus(es), statements and periodic reports(including the expense of setting in type), Prospectuses except as set forth in subsection 2(c) of Section II hereof. Under hereof or in any other agreement entered into by the terms of the Plan, the Company shall compensate the Distributor through a distribution fee payable monthly at the annual rate set forth opposite each Fund and, where applicable, Class on Schedule 1 hereton, based upon the value of average daily net assets of each Fund or Class as defined in the Registration StatementCompany. (bc) The Company shall execute all documents, furnish all information and otherwise take all actions which may be reasonably necessary in the discretion of the Company's =s officers in connection with the qualification of the Shares for sale in such states as the Distributor may designate to the Company and the Company may approve, and the Funds Company shall pay all filing fees which may be incurred in connection with such qualification. The Distributor shall pay all expenses connected with its qualification as a dealer under state or Federal federal laws and, except as otherwise specifically provided in this Agreement, all other expenses incurred by the Distributor in connection with the sale of the Shares as contemplated in this Agreement. It is understood that certain advertising. (d) Any of the outstanding Shares of the Company may be tendered for redemption at any time, marketing, shareholder servicing, administration and/or distribution expenses and the Company agrees to be incurred in connection with repurchase or redeem the Shares may be paid as provided in any plan which may be adopted by the Funds so tendered in accordance with Rule 12b-1 under the 1940 Act. (c) Company=s Charter, Bylaws and Prospectuses. The Company hereby authorizes price to be paid to redeem or repurchase the Distributor Shares shall be equal to repurchase, upon the terms and conditions net asset value per Share determined as set forth in the Registration Statement applicable Prospectus (as the same may be supplemented by written instructions given "redemption price"). All payments by the Funds to Company hereunder shall be made in the Distributor from time to time), as agent of the Funds and for the account of the Funds, such shares as may be offered for sale to the Funds from time to timemanner set forth in Section 3(e) below. (de) The proceeds of any redemption of shares shall be paid by the Company (or its agent) in accordance with the applicable provisions of the applicable Prospectus. (f) The Company shall have the right to suspend the sale of Shares of any Fund at any time in response to conditions in the securities markets or otherwise, and to suspend the redemption of Shares of any Fund at any time as permitted by the 1940 Act or the rules of the CommissionCommission (the "Rules"). (eg) The Company reserves the right to reject in its discretion any order for Shares. (f) No Shares shall be offered by either the Company or the Distributor under any of the provisions of this Agreement and no orders for the purchase or sale of Shares hereunder shall be accepted by the Funds if and so long as the effectiveness of the Registration Statement shall be suspended under any of the provisions of the 1933 Act, or if and so long as a Prospectus as required by Section 10 of the 1933 Act is not on file with the Commission; provided, however, that nothing contained in this sub-paragraph shall in any way restrict or have any application to or bearing upon the Funds' obligation to repurchase any Shares from any shareholder in accordance with the provisions of the Charter or Prospectuses.