Repurchase or Redemption of Shares by the Fund ----------------------------------------------
Repurchase or Redemption. OF SHARES BY THE TRUST 6. DUTIES AND REPRESENTATIONS OF NLD 7.
Repurchase or Redemption of Class I shares by the Program. ---------------------------------------------------------
Repurchase or Redemption. If any shares confirmed to you under the terms of this Agreement are repurchased or redeemed by the Trust or by us as agent for the Trust, or are tendered for repurchase or redemption, within seven business days after the date of our confirmation of the original purchase order, you shall forthwith refund to us the full discount, commission, finder’s fee or other concession, if any, allowed or paid to you on such shares.
Repurchase or Redemption of Class B Shares by the ------------------------------------------------- Corporation. -----------
Repurchase or Redemption. (a) Except as otherwise reasonably determined by the Manager, if at any time (i) any shares of Class A Common Stock are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the Corporation for cash, then the Manager shall cause the Company, immediately prior to such repurchase or redemption of Class A Common Stock, to redeem a corresponding number of Common Units held (directly or indirectly) by the Corporation, at an aggregate redemption price equal to the aggregate purchase or redemption price of the shares of Class A Common Stock being repurchased or redeemed by the Corporation (plus any expenses related thereto), if any, and upon such other terms as are the same for the shares of Class A Common Stock being repurchased or redeemed by the Corporation or (ii) any other Equity Securities of the Corporation are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the Corporation for cash, then the Manager shall cause the Company, immediately prior to such repurchase or redemption of such Equity Securities, to redeem an equal number of the corresponding class or series of Equity Securities of the Company with the same rights to dividends and distributions (including distributions upon liquidation) and other economic rights as those of such Equity Securities of the Corporation held (directly or indirectly) by the Corporation, in accordance with the One-to-One Ratios, at an aggregate redemption price equal to the aggregate purchase or redemption price of the applicable Equity Securities of the Corporation being repurchased or redeemed by the Corporation (plus any expenses related thereto), if any, and upon such other terms as are the same for the applicable Equity Securities of the Corporation being repurchased or redeemed by the Corporation; provided, that if the Corporation uses funds received from distributions from the Company or the net proceeds from an issuance of Class A Common Stock to fund such repurchase or redemption, then the Company shall cancel a corresponding number of Common Units held (directly or indirectly) by the Corporation for no consideration (but only to the extent that such Common Units were issued upon the issuance of Class A Common Stock from which the redemption proceeds were obtained).
Repurchase or Redemption. OF SHARES BY THE TRUST 6. DUTIES AND REPRESENTATIONS OF LADENBURG 7.
Repurchase or Redemption of Shares by the Fund ---------------------------------------------- 4.1 Any of the outstanding shares of the Liquid Assets Series may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem the shares of the Liquid Assets Series so tendered in accordance with its Articles of Incorporation as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem or repurchase the shares of the Liquid Assets Series shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth in Section 4.2 below.
Repurchase or Redemption of Shares by a Series ----------------------------------------------
Repurchase or Redemption. OF SHARES BY THE TRUST 6 6. DUTIES AND REPRESENTATIONS OF NLD 7 7. DUTIES AND REPRESENTATIONS OF THE TRUST 9 8. INDEMNIFICATION OF NLD BY THE TRUST 12 9. INDEMNIFICATION OF THE TRUST BY NLD 14 10. NOTIFICATION BY THE TRUST 15 11. COMPENSATION AND EXPENSES 16 12. SELECTED DEALER AND SELECTED AGENT AGREEMENTS 17 13. CONFIDENTIALITY 17 14. EFFECTIVENESS AND DURATION 18 15. DISASTER RECOVERY 18 16. DEFINITIONS 19 17. MISCELLANEOUS 20 ATTACHED SCHEDULES SCHEDULE A SCHEDULE B UNDERWRITING AGREEMENT THIS UNDERWRITING AGREEMENT effective the 10th day of November 2012 by and between GL BEYOND INCOME FUND, a Delaware statutory trust, having its principal office and place of business at 450 Xxxxxxxx Xxxxxxxxx, Xxxxxxxxx, XX 00000 (xxe “Trust”), and NORTHERN LIGHTS DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 17600 Xxxxxx Xxxxxx, Omaha, Nebraska 68130 (“NLD”).
