Timing/advance notice of redemptions. The Acquiring Fund will use reasonable efforts to spread large redemption requests (greater than 5% of the Acquired Fund’s total outstanding shares) over multiple days or to provide advance notification of redemption requests to the Acquired Fund(s) whenever practicable and consistent with the Acquiring Fund’s best interests. The Acquired Fund acknowledges and agrees that any notification provided pursuant to the foregoing is not a commitment to redeem and constitutes an estimate that may differ materially from the amount, timing and manner in which a redemption request is submitted, if any.
Timing/advance notice of redemptions. The Acquiring Fund will use reasonable efforts to spread large redemption requests over multiple days and to provide advance notification of redemption requests greater than 3% of the Acquired Fund’s total outstanding shares to the Acquired Fund whenever practicable and consistent with the Acquiring Fund’s best interests.
Timing/advance notice of redemptions. The Acquiring Fund will (1) use reasonable efforts to spread orders, whether placed through an Authorized Participant or through any secondary market, that are reasonably expected to result in all Authorized Participants in the aggregate redeeming shares from the Acquired Fund greater than 3% of the relevant Acquired Fund’s total outstanding voting securities equally over multiple days and (2) provide reasonable advance notification of such large orders to the relevant Acquired Fund whenever practicable and only if consistent with the Acquiring Fund’s and its shareholders’ best interests. The Acquired Fund acknowledges and agrees that any notification provided pursuant to the foregoing is not a commitment to sell the Acquired Fund shares and constitutes an estimate that may differ materially from the amount, timing and manner in which a redemption request is submitted, if any.
Timing/advance notice of redemptions. The Acquiring Fund will provide at least [ ] business days’ advance notification to the Acquired Fund of redemption requests that, as of the business day prior to the date of the notification, are equal to or greater than 5% of the Acquired Fund’s net asset value. The Acquiring Fund acknowledges and agrees that (i) notification provided pursuant to the foregoing will be relied upon by the Acquired Fund in its management of portfolio assets, (ii) if the redemption request is not received by the date indicated in the notification, or if the amount of the redemption received materially deviates from the amount indicated in the notification, there may be a negative impact to the Acquired Fund, and (iii) such negative impact to the Acquired Fund is subject to the Acquiring Fund’s indemnification obligations provided for in Section 4 of this Agreement.
Timing/advance notice of redemptions. The Acquiring Fund will use reasonable efforts to spread large redemption requests (greater than 1% of the Acquired Fund’s total outstanding shares) over multiple days and/or to provide advance notification of redemption requests to the Acquired Fund whenever practicable and consistent with the Acquiring Fund’s best interests. The Acquired Fund acknowledges and agrees that any notification provided pursuant to the foregoing is not a redemption request or otherwise a commitment to redeem and constitutes an estimate that may differ materially from the amount, timing and manner in which a future redemption request is submitted, if any. For the avoidance of doubt, in the instance where the Acquired Fund is an exchange- traded fund or exchange-listed closed-end fund, the requirements of this paragraph (ii) shall not apply to transactions in which an Acquiring Fund did not know or have reason to know that such transaction would result in a redemption transaction with the Acquired Fund (such as where an Acquiring Fund sells shares in the secondary market).
