Common use of Suspension of Redemption of Units Clause in Contracts

Suspension of Redemption of Units. 12.2.1 The Management Company under intimation to the Trustee may suspend the redemption of Units subject to the Rules and Regulations at any time, during: (a) Any period when the Stock Exchange on which any of the Investment for the time being is listed or dealt in is closed or when dealings in such Investment are restricted or suspended; (b) The existence of any state of affairs which in the opinion of the Management Company constitute an emergency as a result of which disposal of any of the Investment would not be reasonably practicable or might seriously prejudice the interest of the Trust or the Unit Holders; (c) Any breakdown in the means of communication normally employed in determining the price of any Investment or the current price thereof on any Stock Exchange or when for any reason the price of any such Investment cannot be promptly and accurately ascertained; (d) Any period when remittance of money which will or may be involved in the realization of such Investment or in the payment for such Investment cannot in the opinion of the Management Company be carried out in reasonable time; (e) If the Management Company is of the view that it would be detrimental to the remaining Unit Holders to redeem or continue to redeem Units at a price ascertained on the basis of the Net Asset Value; 12.2.2 The Management Company may announce a suspension or deferral of redemption. Such a measure shall be taken to protect the interest of Unit Holders in the event of extraordinary circumstances or in the event redemption requests accumulate in excess of ten percent (10%) of the Units outstanding or 10% of Net asset value of the Fund. 12.2.3 In the event of a large number of redemption requests accumulating, the requests may be processed in a Queue System and under extreme circumstances the Management Company may decide to wind up the Scheme. Details of the procedure are given in Clause 12.4 herein below. 12.2.4 Such suspension shall take effect forthwith upon the declaration thereof by the Management Company and shall terminate on the day following the first Business Day on which conditions giving rise to the suspension shall in the opinion of the Management Company have ceased to exist and no other conditions under which suspension is authorized under this Deed exists. In case of suspension and termination of suspension the Management Company shall immediately notify the Commission and the Trustee and publish the same in at widely circulated daily newspapers in which Prices of the Scheme normally published.

Suspension of Redemption of Units. 12.2.1 8.2.1 The Management Company under intimation to the Trustee may suspend the redemption Redemption of Units subject to the Rules and Regulations at any time, during: (a) Any period when the may be suspended during extraordinary circumstances including closure of one or more Stock Exchange Exchanges on which any of the Investment for Securities invested in by the time being is listed or dealt in is closed or when dealings in such Investment Scheme are restricted or suspended; (b) The listed, the existence of any a state of affairs affairs, which in the opinion of the Management Company constitute Company, constitutes an emergency as a result of which disposal of any of the Investment investment would not be reasonably practicable or might seriously prejudice the interest of the Trust Scheme or of the Unit Holders; (c) Any breakdown Holder(s), or a break down in the means of communication normally employed in determining the price of any Investment investment, or the current price thereof on any Stock Exchange or when for any reason the price of any such Investment cannot be promptly and accurately ascertained; (d) Any period when remittance of money which will or may be involved in the realization of such Investment or in the payment for such Investment cancan not in the opinion of the Management Company be carried out in reasonable time; (e) If time and if the Management Company is of the view that it would be detrimental to the remaining Unit Holders to redeem or continue Holder(s) to redeem Units at a price ascertained on the basis of so determined in accordance with the Net Asset Value; 12.2.2 Value (NAV). The Management Company may announce a suspension or deferral of redemption. Such redemption and such a measure shall be taken to protect the interest of the Unit Holders Holder(s) in the event of extraordinary circumstances or in the event redemption requests accumulate in excess of ten percent (10%) of the Units outstanding in issue or 10% of Net asset value of the Fund. 12.2.3 Fund NAV. In the event of a large number of redemption requests accumulating, the requests may be processed in a Queue System and under extreme circumstances the Management Company may decide to wind up the SchemeFund. Details of the procedure are given in Clause 12.4 Clause 8.2.2 herein below. 12.2.4 Such suspension shall take effect forthwith upon . In the declaration thereof by event of extra-ordinary circumstances, the Management Company and shall terminate on the day following the first Business Day on may suspend or defer Redemption of Units. The circumstances under which conditions giving rise to the suspension shall in the opinion of the Management Company have ceased to exist may suspend redemption shall be the event of war (declared or otherwise), natural disasters, a major break down in law and no order, breakdown of the communication system, closure of the capital markets and /or the banking system or strikes or other conditions under which suspension is authorized under this Deed exists. In case of suspension and termination of suspension events that render the Management Company shall immediately notify or the Commission and the Trustee and publish the same in at widely circulated daily newspapers in which Prices of the Scheme normally publishedDistributors unable to function.

Suspension of Redemption of Units. 12.2.1 The Management Company under intimation may upon information to the Trustee may suspend and the Commission suspends redemption of Units Units, subject to the Rules and Regulations at any time, time during: (a) Any period when Extraordinary circumstances including closure of one or more Banks, in which the Stock Exchange on which any of the Investment for the time being is listed or dealt in is closed or when dealings in such Investment Funds Bank Accounts are restricted or suspendedmaintained; (b) The existence of any a state of affairs affairs, which in the opinion of the Management Company constitute Company, constitutes an emergency as a result of which disposal of any of the Investment would not be reasonably practicable or might seriously prejudice the interest interests of the Trust Scheme or of the Unit Holders; (c) Any breakdown Break down in the means of communication normally employed in determining the price of any Investment or the current price thereof on any Stock Exchange or when for any reason the price of any such Investment cannot be promptly and accurately ascertainedInvestment; (d) Any period when When remittance of money which will or may be involved in the realization of such Investment or in the payment for such Investment cancan not in the opinion of the Management Company be carried out in reasonable time; (e) If time and if the Management Company is of the view that it would be detrimental to the remaining Unit Holders to redeem or continue to redeem Units at a price ascertained on the basis of so determined in accordance with the Net Asset Value;Value (NAV); or (e) Any other exceptional circumstance. 12.2.2 The Management Company may announce a suspension or deferral of redemption. Such redemption and such a measure shall be taken to protect the interest of the Unit Holders in the event of extraordinary circumstances or in the event redemption requests accumulate in excess of ten percent (10%) per cent of the Units outstanding in issue or ten (10% ) per cent of Net asset value of the Fund. 12.2.3 Funds NAV. In the event of a large number of redemption requests accumulating, the requests may be processed in a Queue System and under extreme circumstances the Management Company may decide to wind up the Scheme. Details of the procedure are given in Clause 12.4 herein belowFund. 12.2.4 12.2.3 Such suspension or queue system shall take effect forthwith upon the declaration thereof by the Management Company and shall terminate end on the day following the first Business Day on which the conditions giving rise to the suspension or queue system shall in the opinion of the Management Company have ceased to exist and no other conditions condition under which suspension or queue system is authorized under this the Deed exists. In case of suspension and termination invoking of a queue system or in case redemption in units ceases and end of suspension and queue system the Management Company shall immediately notify the Commission and the Trustee and publish the same in at widely circulated daily newspapers news paper in which Prices prices of the Scheme are normally published.