Suspension of Fresh Issue of Units Sample Clauses

Suspension of Fresh Issue of Units. 13.5.1 The Management Company may, under certain circumstances, suspend issue of fresh Units. These circumstances may include
Sample 1Sample 2Sample 3See All (24)
AutoNDA by SimpleDocs
Suspension of Fresh Issue of Units. The Management Company may, under certain circumstances, suspend issue of fresh Units. These circumstances may include • The situation referred in clause 15.4 or15.5 of this Deed; • A situation in which it is not possible to invest the amount received against issuance of fresh units e.g. closure of the money market and scheduled banks etc.; or • Any other situation in which issuance of fresh units is, in Management Company’s opinion, against the interests of the existing/remaining unit holders. Such suspension may however not affect existing subscribers for the issue of bonus Units as a result of profit distribution or the option to receive dividends in the form of additional Units. The Management Company shall announce the details of exemptions at the time a suspension of fresh issue is announced. The Management Company shall immediately notify the SECP and Trustee if fresh issue of Units is suspended and shall also have the fact published, immediately following such decision, in the newspapers in which the Fund’s prices are normally published.
Sample 1Sample 2See All (5)
Suspension of Fresh Issue of Units. The Management Company may at any time, subject to the Rules or Regulations1, as may be modified from time to time, suspend issue of fresh Units. Such suspension may however not affect existing subscribers for the issue of bonus Units as a result of profit distribution or the option to receive dividends in the form of additional Units. The Management Company shall announce the details of exemptions at the time a suspension of fresh issue is announced. The Management Company shall immediately notify the SECP if fresh issue of Units is suspended and shall also have the fact published, immediately following such decision, in the newspapers in which the Fund’s prices are normally published.
Sample 1See All (4)
Suspension of Fresh Issue of Units. The Management Company may, under the following circumstances, suspend issue of fresh Units.  The situation of Force Majeure as defined in this Offering Document;  A situation in which it is not possible to invest the amount received against issuance of fresh Units or  Any other situation in which issuance of fresh Units is, in Management Company’s opinion, against the interests of the existing/remaining Unit Holders. Such suspension may however not affect existing Unit Holders for the issue of bonus Units as a result of profit distribution The Management Company shall announce the details of circumstances at the time a suspension of fresh issue is announced. The Management Company shall immediately notify SECP and Trustee if issuance of Units is suspended and shall also have the fact published, immediately following such decision, in the newspapers in which the Fund’s prices are normally published. In case of suspension of redemption of Units due to extraordinary circumstances the issuance of Units shall also be kept suspended until and unless redemption of Units is resumed Investment application form received on the day of suspension will not be processed and the amount received shall be returned to the investor.
Sample 1
Suspension of Fresh Issue of Units. The Management Company may at any time under extraordinary circumstances, subject to the Regulations, as may be modified from time to time, suspend issue of fresh Units. Such suspension may however not affect existing subscribers to any plans that may be offered by the Management Company under different administrative arrangements, the issue of bonus Units as a result of dividend distribution, the option to receive dividends in the form of additional Units. However, no such fresh administrative plan will be offered during the suspension period. The Management Company shall announce the details of exemptions at the time a suspension of fresh issue is announced. The Management Company shall immediately notify the Commission if fresh issue of Units is suspended and shall also have the fact published, immediately following such decision, in the newspapers in which the Fund’s prices are normally published.
Sample 1
Suspension of Fresh Issue of Units. 6. Added vide 1st supplement dated April 28, 2009 The Management Company may at any time, subject to Rules and Regulations, as may be modified from time to time, suspend issue of fresh Units. Such suspension may however, not affect existing Unit Holders for issuing bonus Units as a result of profit distribution or the option to reinvest cash divided into Units. The Management Company shall announce the details of exemption at the time of suspension of fresh Units. The Management Company shall immediately notify the Commission and Trustee if issue of fresh Units is suspended and shall also have the fact published, immediately following such decision, in the newspaper in which the prices of the Scheme are normally published.
Sample 1

Related to Suspension of Fresh Issue of Units

  • Suspension of Agreement SCEA may suspend this Agreement, entirely or with respect to a particular Licensed Product or program, for a set period of time which shall be specified in writing to Publisher upon the occurrence of any breach of this Agreement.

  • Suspension of Membership 1. If a member fails to fulfill any of its obligations to the Bank, the Board of Governors may suspend such member by a Super Majority vote as provided in Article 28.

  • SUSPENSION OF CONTRACT The Commissioner of OGS or his her designee, in his or her sole discretion, reserves the right to suspend any or all activities under this Contract, at any time, when he or she discovers information that calls into question the responsibility of the Contractor.

  • Suspension of Sales If and whenever the determination of net asset value is suspended and until such suspension is terminated, no further orders for shares shall be processed by Distributors except such unconditional orders as may have been placed with Distributors before it had knowledge of the suspension. In addition, the Issuer reserves the right to suspend sales and Distributors' authority to process orders for shares on behalf of the Issuer if, in the judgment of the Issuer, it is in the best interests of the Issuer to do so. Suspension will continue for such period as may be determined by the Issuer.

  • Suspension of Access Ricoh reserves the right to suspend or terminate authorizations, or to suspend or block access to all or any part of the Site or Services as provided in paragraph 10 hereof.

  • Suspension of Services We have the right to suspend the benefit of any Credit Union service at any time for reasonable cause. At Our discretion, We also have the right to pay any share draft presented for payment from Your Account after Your Account is closed or suspended and to recover such amount paid from You. Account services are available to those members in good standing with the Credit Union. We reserve the right to cancel or suspend services to a member who is not in good standing, which includes members that have: (a) a delinquent loan; (b) a primary Share Account balance below the $25.00 minimum; (c) an unresolved deposited returned check; (d) any unpaid and uncollected fees; or (e) a negative balance on an Account. ASSIGNABILITY. You may not assign or transfer any interest in Your Account.

  • Suspension of Service If you participate in DISH Pause or any other program that allows you to temporarily suspend your DISH service at any time during your term commitment, your term commitment will be extended by the number of days that your DISH service is suspended. DISH will determine eligibility for participation and may deny eligibility for any reason.

  • Suspension of Rules Relating to Recalcitrant Accounts The United States shall not require a Reporting [FATCA Partner] Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in paragraph 2 of Article 2 of this Agreement, subject to the provisions of Article 3 of this Agreement, with respect to such account.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!