Common use of Suspension of Fresh Issue of Units Clause in Contracts

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.

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 & 15.5 of this Deeddeed; •  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 stock exchange 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.

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 Units e.g. closure of the money market and scheduled banks etc.; or •  Any other situation in which issuance of fresh units Units is, in Management Company’s opinion, against the interests of the existing/remaining unit holdersUnit 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.

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.