Common use of Temporary Suspension of Redemption Clause in Contracts

Temporary Suspension of Redemption. The Board or any nominated person are empowered, subject to all relevant regulatory approval, including the approval of the FSC to temporarily suspend the issue or redemption of Cell Shares at any time for a period not exceeding 30 days and may do so if they have good and sufficient reason to believe that it is in the interests of the Shareholders. This may include that occurrence of any of the following events:

Appears in 6 contracts

Samples: pimcapital.mu, pimcapital.mu, pimcapital.mu

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.