Suspension of the Right of Redemption. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, but not later than the close of business on the business day following the declaration of suspension, and thereafter there shall be no right of redemption of payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the request for redemption or receive payment based on the net asset value per Share existing after the termination of the suspension. In the event that any Series is divided into Classes, the provisions of this Section, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable laws, may be equally applied to each such Class.
Appears in 12 contracts
Samples: Maturities Trust Agreement (American Century Target Maturities Trust), Agreement and Declaration (American Century Investment Trust), Municipal Trust Agreement (American Century Municipal Trust)
Suspension of the Right of Redemption. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his request for redemption or receive payment based on the net asset value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 5, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawsthe 1940 Act, may be equally applied to each such Classclass.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Texas Capital Funds Trust), Agreement and Declaration (Themes ETF Trust), Agreement and Declaration of Trust (Themes ETF Trust)
Suspension of the Right of Redemption. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his request for redemption or receive payment based on the net asset value Net Asset Value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 9.03, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawslaw, may be equally applied to each such Classclass.
Appears in 2 contracts
Samples: Trust Instrument (X Com Funds), Monarch Funds (Monarch Funds)
Suspension of the Right of Redemption. Section 9.04. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his or her request for redemption or receive payment based on the net asset value Net Asset Value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 9.04, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawslaw, may be equally applied to each such Classclass.
Appears in 2 contracts
Samples: Trust Instrument (Fidelity Cherry Street Trust), Fidelity Cherry Street Trust
Suspension of the Right of Redemption. Section 9.04 The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his request for redemption or receive payment based on the net asset value Net Asset Value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 9.04, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawslaw, may be equally applied to each such Classclass.
Appears in 1 contract
Samples: Fidelity Rutland Square Trust
Suspension of the Right of Redemption. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted or allowed under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his request for redemption or receive payment based on the net asset value Net Asset Value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 9.04, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawslaw, may be equally applied to each such Classclass.
Appears in 1 contract
Samples: FSP Investment Trust
Suspension of the Right of Redemption. The Trustees may declare a suspension of the right of redemption or postpone the date of payment as permitted under the 1940 Act. Such suspension shall take effect at such time as the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension, and thereafter there shall be no right of redemption of or payment until the Trustees shall declare the suspension at an end. In the case of a suspension of the right of redemption, a Shareholder may either withdraw the his request for redemption or receive payment based on the net asset value Net Asset Value per Share existing next determined after the termination of the suspension. In the event that any Series is divided into Classesclasses, the provisions of this SectionSection 4, to the extent applicable as determined in the discretion of the Trustees and consistent with applicable lawslaw, may be equally applied to each such Classclass.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Managed Portfolio Series)