Suspension of Redemption Right. (a) The Manager, on behalf of the Trust, may suspend the right of Unitholders to request a redemption of their Units or postpone the date of delivery or payment of the redemption proceeds (whether Silver Bullion and/or cash, as the case may be) with the prior approval of Canadian Securities Authorities having jurisdiction, where required, for any period during which the Manager determines that conditions exist which render impractical the sale of assets of the Trust or which impair the ability of the Manager to determine the Net Asset Value of the Trust and the Net Asset Value per Unit or the redemption amount for the Units.
Suspension of Redemption Right. Notwithstanding the provisions of Section 5.1, the Manager may, during any Period of Emergency, suspend the right of Unitholders to require the applicable Fund to redeem its Units (including Units of any particular series) and, as a result, the payment for Units of that Fund tendered for redemption. The Manager will immediately advise the Trustee of any such suspension. The suspension may, at the discretion of the Manager, apply to all requests for redemption of Units of that Fund received prior to the suspension but as to which payment has not been made in accordance with Sections 5.1 and 5.2, as well as to all requests received while the suspension is in effect. All Unitholders making such requests shall (unless the suspension lasts for less than 48 hours) be advised by the Manager of the suspension and that the redemption will be effected on the basis of the Series Net Asset Value Per Unit of that Fund determined on the first Valuation Day following the termination of the suspension All such Unitholders shall have and shall (unless the suspension lasts for less than 48 hours) be advised by the Manager that they have the right to withdraw their requests for redemption. The suspension shall terminate in any event on the first day on which the condition giving rise to the suspension has, in the determination of the Manager, ceased to exist, provided that no other condition under which a suspension is authorized then exists. To the extent that it is not inconsistent with official rules and regulations promulgated by any government body having jurisdiction over that Fund, any declaration or suspension made by the Manager shall be conclusive.
Suspension of Redemption Right. (a) The Trust may suspend the right of Unitholders to request a redemption of their Units or postpone the date of delivery or payment of the redemption proceeds (whether Gold Coins and/or cash, as the case may be) with the prior approval of Canadian Securities Authorities having jurisdiction for any period during which the Trust determines that conditions exist which render impractical the sale of assets of the Trust or which impair the ability of the Trust or the Valuation Agent to determine the Net Asset Value of the Trust and the Net Asset Value per Unit or the redemption amount for the Units. During any such period of suspension, the Trust shall not issue or redeem any Units.
Suspension of Redemption Right. Notwithstanding the provisions of Sections 6.2 and 6.3, the General Partner may suspend the redemption of Units or payment of redemption proceeds (i) during any period when normal trading is suspended on The Toronto Stock Exchange (TSX), the TSX Venture Exchange, NASDAQ, the New York Stock Exchange (NYSE) or the Chicago Board of Trade (CBOT); or (ii) for any period during which the General Partner determines that conditions exist which render impractical the sale of assets of the Partnership or which impair the ability of the General Partner to determine the value of the assets of the Partnership. The suspension may, at the sole discretion of the General Partner, apply to all requests for redemptions received prior to the suspension but as to which payment has not been made, as well as to all requests received while the suspension is in effect. All Limited Partners making such requests shall be advised by the General Partner of the suspension and that the redemption will be effected on the basis of the Net Asset Value per Unit determined on the first Fiscal Quarter Date following the termination of the suspension. All such Limited Partners shall have and shall be advised that they have the right to withdraw their requests for redemption. The suspension shall terminate in any event on the first day on which the condition giving rise to the suspension has ceased to exist provided that no other condition under which a suspension is authorized then exists. To the extent not inconsistent with Applicable Securities Law, any declaration of suspension made by the General Partner shall be conclusive.
Suspension of Redemption Right. The Subscriber acknowledges that the Company may, by written notice to the Subscriber, suspend the redemption rights for the Securities subscribed for herein, if any, if the Company reasonably deems it necessary to do so to comply with anti-money laundering regulations applicable to the Company or any of the Company’s service providers. These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs;
Suspension of Redemption Right. The Subscriber acknowledges that the Company may, by written notice to the Subscriber, suspend the redemption rights, if any, of the Subscriber if the Company reasonably deems it necessary to do so to comply with anti-money laundering regulations applicable to the Company or any of the Company’s service providers. These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs; 1 These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs. 2 These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs.
Suspension of Redemption Right. (a) Subject to applicable Securities Legislation, the Manager may direct the Registrar and Transfer Agent, with notice to the Trustee, to suspend the redemption of Units for Gold Bullion or delivery of Gold Bullion and payment of any cash to be paid in connection with such redemption (i) for the whole or any part of a period during which normal trading is suspended on the London Metals Exchange or during which a banking moratorium for banks in Toronto, Ontario or New York, New York is in effect; or (ii) for any period not exceeding 120 days during which access to the Trust’s Gold Bullion is restricted, such as due to an act of God, a natural disaster or an outbreak of hostilities, or during which the Manager determines, in its sole discretion, that conditions exist which render impractical the sale of the Gold Bullion or which impair the ability of the Manager to determine the value of the Gold Bullion.
Suspension of Redemption Right. (a) The Manager, on behalf of the Trust, may suspend the right of Unitholders to request a redemption of their Units or postpone the date of delivery or payment of the redemption proceeds (whether Silver Bullion and/or cash, as the case may be) with the prior approval of Canadian Securities Authorities having jurisdiction, where required, for any period during which the Manager determines that conditions exist which render impractical the sale of assets of the Trust or which impair the ability of the Manager to determine the Net Asset Value of the Trust and the Net Asset Value per Unit or the redemption amount for the Units. (b) In the event of any such suspension, the Manager shall issue a press release announcing the suspension and shall advise the Trustee, the Valuation Agent and any other agents appointed by the Manager, as applicable. The suspension may apply to all requests for
Suspension of Redemption Right. 19 5.4 Book-Based System Redemptions.......................................19 5.5
Suspension of Redemption Right. The Manager may direct the Trustee to suspend the redemption of Trust Units or payment of any amounts on redemption: (i) during any period when normal trading is suspended on a stock exchange or other market on which securities owned by the Fund are listed and traded, if these securities represent more than 50% of the Total Asset Value of the Fund without allowance for liabilities and if these securities are not traded on any other exchange that represents a reasonably practical alternative for the Fund; or (ii) for any period not exceeding 90 days during which the Manager determines that conditions exist which render impractical the sale of assets of the Fund or which impair the ability of the Trustee to determine the value of the assets of the Fund. The suspension may apply to all requests for redemption received prior to the suspension but as to which payment has not been made, as well as to all requests received while the suspension is in effect. All Unitholders making such requests shall be advised by the Manager of the suspension and that the redemption will be effected at a price determined on the first business day following the termination of the suspension. All such Unitholders shall have and shall be advised that they have the right to withdraw their requests for redemption. The suspension shall terminate in any event on the first day on which the condition giving rise to the suspension has ceased to exist, provided that no other condition under which a suspension is authorized then exists. To the extent not inconsistent with official rules and regulations promulgated by any government body having jurisdiction over the Fund, any declaration of suspension made by the Manager shall be conclusive.
