Examples of Repurchased Shares in a sentence
Repurchased Shares that were purchased in a tender offer with a Valuation Date that is within the 12 month period following the initial issue date of such Shares being tendered are subject to an “early withdrawal fee” (the “Early Withdrawal Fee”) at a rate of 2% of the aggregate net asset value of such Shares.
Repurchased Shares that were repurchased in a tender offer with a Valuation Date that is within the 12 month period following the initial issue date of such Shares being tendered are subject to an “early withdrawal fee” (the “Early Withdrawal Fee”) at a rate of 2% of the aggregate net asset value of such Shares.
The Payor will make payment under this Note approximately 45 days after the Valuation Date or, if the Repurchased Shares constitute 95% or more of the Shares held by a Payee, the Payor will make payment to the Payee equal to 95% of the value of the Repurchased Shares approximately 45 days after the Valuation Date and will make payment of the balance due promptly after completion of the next annual audit of the Payor’s financial statements following the Valuation Date.
Except as otherwise provided in this Note, such Payee shall not be a shareholder of the Trust and shall have no other rights in respect of the Repurchased Shares (including, without limitation, any voting rights) under the Trust’s Agreement and Declaration of Trust.
Each Payee shall retain all rights, with respect to Repurchased Shares, to inspect the books and records of the Trust and to receive financial and other reports relating to the Trust until the payment of the Payment Amount in respect of such Payee has been made in full.