Common use of Share Cancellations Clause in Contracts

Share Cancellations. In addition to Section 6.2(a) hereof, once distributions have been made on a Share sold during a Series’ Initial Offering Period equal in total to the Initial Purchase Price, then at all times thereafter Shares held by any Shareholder whom the Trust determines has died shall be automatically called and cancelled for no value, and all rights of that Shareholder, including rights to any distributions made by the Trust, shall terminate.

Appears in 42 contracts

Samples: Amended and Restated Agreement and Declaration of Trust (Stone Ridge Longevity Risk Premium Fixed Income Trust 70F), Amended and Restated Agreement and Declaration of Trust (Stone Ridge Longevity Risk Premium Fixed Income Trust 72F), Amended and Restated Agreement and Declaration of Trust (Stone Ridge Longevity Risk Premium Fixed Income Trust 73M)

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