Common use of Suspension of Right of Redemption Clause in Contracts

Suspension of Right of Redemption. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares to require the Trust to redeem Shares to the extent permissible under the 1940 Act.

Appears in 94 contracts

Samples: Trust Agreement (Meet Kevin Trust), Agreement and Declaration of Trust (BNY Mellon ETF Trust II), Agreement and Declaration of Trust (BNY Mellon ETF Trust II)

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Suspension of Right of Redemption. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares or the right of the holders of Creation Units to require the Trust to redeem Shares or Creation Units to the extent permissible under the 1940 Act.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Precidian ETF Trust II)

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