Common use of Suspension of Sales and Purchases Clause in Contracts

Suspension of Sales and Purchases. If and whenever the determination of asset value is suspended pursuant to the Trust’s Declaration of Trust, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Trust reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of shares on behalf of the Trust if, in the judgment of a majority of its Board of Trustees or a majority of the Executive Committee of its Board of Trustees, if such Committee exists, it is in the best interests of the Trust to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust or by you on behalf of the Trust while such suspension remains in effect except for shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Trust will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust agrees to advise you immediately in writing: (a) of any request by the SEC for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC that materially affect the performance of your services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Trust’s Declaration of Trust, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of shares shall be accepted by you FEF Distributors, LLC except such orders placed with you FEF Distributors, LLC before you FEF Distributors, LLC had knowledge of the suspension. In addition, the Trust reserves the right to suspend sales and purchases and your its authority to accept orders for sales and purchases of shares on behalf of the Trust if, in the judgment of a majority of its Board of Trustees or a majority of the Executive Committee of its Board of Trustees, if such Committee exists, it is in the best interests of the Trust to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust or by you FEF Distributors, LLC on behalf of the Trust while such suspension remains in effect except for shares necessary to cover orders accepted by you FEF Distributors, LLC before you FEF Distributors, LLC had knowledge of the suspension. The Trust will notify you FEF Distributors, LLC promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust agrees to advise you FEF Distributors, LLC immediately in writing: (a) of any request by the SEC for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC that materially affect the performance of your its services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Trust’s Amended and Restated Agreement and Declaration of Trust, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of shares shall be accepted by you FEF Distributors except such orders placed with you FEF Distributors before you FEF Distributors had knowledge of the suspension. In addition, the Trust reserves the right to suspend sales and purchases and your its authority to accept orders for sales and purchases of shares on behalf of the Trust if, in the judgment of a majority of its Board of Trustees or a majority of the Executive Committee of its Board of Trustees, if such Committee exists, it is in the best interests of the Trust to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust or by you FEF Distributors on behalf of the Trust while such suspension remains in effect except for shares necessary to cover orders accepted by you FEF Distributors before you FEF Distributors had knowledge of the suspension. The Trust will notify you FEF Distributors promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust agrees to advise you FEF Distributors immediately in writing: (a) of any request by the SEC for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC that materially affect the performance of your its services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of asset value is suspended pursuant to the Trust’s Declaration Company's Articles of TrustIncorporation, and such suspension has become effective, until such suspension is terminated, terminated no further orders for the sale or purchase of shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Trust Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of shares on behalf of the Trust Company if, in the judgment of a majority of its Board of Trustees Directors or a majority of the Executive Committee of its Board of TrusteesDirectors, if such Committee exists, it is in the best interests of the Trust Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust or by you on behalf of the Trust while such suspension remains in effect except for shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Trust will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust Company agrees to advise you immediately in writing: (a) of any request by the SEC Securities and Exchange Commission for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC Securities and Exchange Commission of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC Securities and Exchange Commission with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC Securities and Exchange Commission that materially affect the performance of your services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of asset value is suspended pursuant to the Trust’s Declaration of Trust, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of shares shall be accepted by you FEF Distributors, LLC except such orders placed with you FEF Distributors, LLC (or with a Participating Insurance Company) before you FEF Distributors, LLC (or such Participating Insurance Company) had knowledge of the suspension. In addition, the Trust reserves the right to suspend sales and purchases and your FEF Distributor LLC’s authority to accept orders for sales and purchases of shares on behalf of the Trust if, in the judgment of a majority of its Board of Trustees or a majority of the Executive Committee of its Board of Trustees, if such Committee exists, it is in the best interests of the Trust to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust or by you FEF Distributors, LLC on behalf of the Trust while such suspension remains in effect except for shares necessary to cover orders accepted by you FEF Distributors, LLC (or by a Participating Insurance Company) before you FEF Distributors, LLC (or such Participating Insurance Company) had knowledge of the suspension. The Trust will notify you FEF Distributors, LLC promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust agrees to advise you FEF Distributors, LLC immediately in writing: (a) of any request by the SEC for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC that materially affect the performance of your FEF Distributors, LLC’s services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of asset value is suspended pursuant to the Trust’s Declaration Company's Articles of TrustIncorporation, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Trust Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of shares on behalf of the Trust Company if, in the judgment of a majority of its Board of Trustees Directors or a majority of the Executive Committee of its Board of TrusteesDirectors, if such Committee exists, it is in the best interests of the Trust Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust Company or by you on behalf of the Trust Company while such suspension remains in effect except for shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Trust Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust Company agrees to advise you immediately in writing: (a) of any request by the SEC for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC that materially affect the performance of your services under this Agreement.

Suspension of Sales and Purchases. If and whenever the determination of asset value is suspended pursuant to the Trust’s Declaration Company's Articles of TrustIncorporation, and such suspension has become effective, until such suspension is terminated, terminated no further orders for the sale or purchase of shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Trust Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of shares on behalf of the Trust Company if, in the judgment of a majority of its Board of Trustees Directors or a majority of the Executive Committee of its Board of TrusteesDirectors, if such Committee exists, it is in the best interests of the Trust Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no shares will be sold or purchased by the Trust Company or by you on behalf of the Trust Company while such suspension remains in effect except for shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Trust Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of shares. The Trust Company agrees to advise you immediately in writing: (a) of any request by the SEC Securities and Exchange Commission for amendments to the registration statement or prospectus then in effect or for additional information; (b) in the event of the issuance by the SEC Securities and Exchange Commission of any stop order suspending the effectiveness of the registration statement or prospectus then in effect or the initiation of any proceeding for that purpose; (c) of the happening of any event, to the best of its knowledge, which makes untrue any statement of a material fact made in the registration statement or prospectus then in effect or which requires the making of a change in such registration statement or prospectus in order to make the statements therein not misleading; and (d) of all actions of the SEC Securities and Exchange Commission with respect to any amendments to any registration statement or prospectus which may from time to time be filed with the SEC Securities and Exchange Commission that materially affect the performance of your services under this Agreement.