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 a) The situation referred in Clause 13.2 or 18 of this Deed; b) A situation in which it is not possible to invest the amount received against issuance of fresh units or c) Any other situation in which issuance of fresh units is, in Management Company’s opinion, against the interests of the existing/remaining unit holders. 13.5.2 Such suspension may however not affect existing subscribers for the issue of bonus Units as a result of profit distribution 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 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. 13.5.3 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 13.5.4 Investment applications received on the day of suspension will not be processed and the amount received shall be returned to the investor.
Sample 1Sample 2Sample 3See All (27)
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 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. 13.5.1 The Manaegment Company may, under certain circumstances, suspend issue of fresh Units. These circumstances may include a) The situation referred in Clause 13.21o8rof this Deed; )b A situation in which it si issuance of fresh units or not possilbe to inevst the amount receievd aaginst
Sample 1
Suspension of Fresh Issue of Units. Added vide 1st supplement dated April 28, 2009
Sample 1
Suspension of Fresh Issue of Units. The Management Company may, under the following circumstances, suspend issue of fresh Units.  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
AutoNDA by SimpleDocs

Related to Suspension of Fresh Issue of Units

  • 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 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.

  • Exchange and Registration of Transfer of Notes; Restrictions on Transfer Depositary 15 Section 2.06. Mutilated, Destroyed, Lost or Stolen Notes 21 Section 2.07. Temporary Notes 22 Section 2.08. Cancellation of Notes Paid, Converted, Etc 23 Section 2.09. CUSIP Numbers 23 Section 2.10. Additional Notes; Repurchases 23

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