Common use of Dissolution resolution Clause in Contracts

Dissolution resolution. The dissolution of the UCITS shall be performed on a mandatory basis in the cases for which provision has been made by law. In addition, the Management Company shall be entitled to dissolve the UCITS or individual unit classes at any time. Investors, heirs or other authorised parties may not demand the splitting or the dissolution of the UCITS or of an individ- ual unit class. The resolution concerning the dissolution of the UCITS or of a unit class shall be published on the website of the Liech- tenstein Investment Fund Association LAFV (▇▇▇.▇▇▇▇.▇▇) as the organ of publication of the UCITS as well as using other media and permanent data carriers specified in the Prospectus (letter, fax, e-mail or similar). From the day of the dissolu- tion resolution onwards, no further units shall be issued, converted or redeemed. In the event of the dissolution of the UCITS, the Management Company may liquidate the assets of the UCITS without delay in the best interests of the investors. In other respects, the liquidation of the UCITS shall be performed in accord- ance with the provisions of the Liechtenstein Persons and Companies Act (Personen- und Gesellschaftsrecht - "PGR"). If the Management Company dissolves a unit class without dissolving the UCITS, then all of the units of this class shall be redeemed on the basis of their net asset value applicable at the time. This redemption shall be published by the Man- agement Company, and the redemption price shall be paid out to the former investors by the Custodian.

Dissolution resolution. The dissolution of the UCITS shall be performed on a mandatory basis in the cases for which provision has been made by law. In addition, the Management Company shall be entitled to dissolve the UCITS or individual unit classes at any time. Investors, heirs or other authorised parties may not demand the splitting or the dissolution of the UCITS or of an individ- ual a unit class. The resolution concerning the dissolution of the UCITS or of a unit class shall be published on the website of the Liech- tenstein Liechtenstein Investment Fund Association Associ- ation LAFV (▇▇▇.▇▇▇▇.▇▇) as the organ of publication of the UCITS as well as using other media and permanent data carriers ▇▇▇▇▇- ers specified in the Prospectus (letter, fax, e-mail or similar). From the day of the dissolu- tion dissolution resolution onwards, no further fur- ther units shall be issued, converted or redeemed. In the event of the dissolution of the UCITS, the Management Company may liquidate the assets of the UCITS without delay in the best interests of the investors. In other respects, the liquidation of the UCITS shall be performed in accord- ance with the provisions of the Liechtenstein Persons and Companies Act (Personen- und Gesellschaftsrecht - "PGR"). If the Management Company dissolves a unit class without dissolving the UCITS, then all of the units of this class shall be redeemed on the basis of their net asset value applicable at the time. This redemption shall be published by the Man- agement Company, and the redemption price shall be paid out to the former investors by the Custodian.. Insofar as the net asset value of the UCITS or one of its sub-funds falls below a level that is necessary for cost-effective management, as well as in the event of a significant change in the political, economic or monetary policy environment or within the framework of a rationalisation, the Management Company may resolve to redeem or to annul all units of the UCITS, or a sub-fund or of a unit class at the net asset value (taking account of the actual realisation prices and realisa- tion costs of the investments) of the valuation date on which the corresponding resolution becomes effective. The cost of the dissolution shall be borne by the net fund assets of the UCITS or of a sub-fund. In the event of the dissolution and of the bankruptcy of the Management Company, the assets managed for the purpose of collective capital investment on the account of the investors shall not become part of its liquidation assets and shall not be dissolved together with its own assets. The UCITS or a sub-fund constitute special assets for the benefit of their in- vestors. Each of the special assets must be transferred to another management company with the approval of the FMA or dissolved by means of separate satisfaction for the benefit of the investors in the UCITS or of a sub-fund. In the event of the bankruptcy of the Custodian, the managed assets of the UCITS or of a sub-fund pursuant to Art. 31

Dissolution resolution. The dissolution of the UCITS or one of its sub-funds shall be performed on a mandatory basis in the cases for which provision has been made by law. In addition, the Management Company shall be entitled to dissolve the UCITS or indi- vidual sub-fund or individual unit classes at any time. Investors, heirs or and other authorised parties individuals may not demand the splitting or the of dissolution of the UCITS or of an individ- ual indi- vidual sub-fund or of an individual unit class. The resolution concerning the dissolution of the UCITS a sub-fund or of a unit class shall be published on the website of the Liech- tenstein Investment Fund Association LAFV (▇▇▇.▇▇▇▇.▇▇) as the organ of publication of the UCITS as well as using other media and permanent data carriers specified in the Prospectus prospectus (letter, fax, e-mail or similar). From the day of the dissolu- tion resolution onwards, no further units shall be issued, converted or redeemed. In the event of the dissolution of the UCITSUCITS or of one of its sub-funds, the Management Company may liquidate the assets as- sets of the UCITS or of one of its sub-funds without delay in the best interests of the investors. The Management Com- pany shall be entitled to commission the Custodian to distribute the net liquidation proceeds amongst the investors, fol- lowing deduction of the liquidation costs. The distribution of the net assets shall be subject to the prior approval of the Financial Market Authority. In other respects, the liquidation of the UCITS or of the sub-fund respectively shall be performed per- formed in accord- ance accordance with the provisions of the Liechtenstein Persons and Companies Act (Personen- und Gesellschaftsrecht ▇▇▇▇▇▇- schaftsrecht - "PGR"). If the Management Company dissolves a unit class without dissolving the UCITSUCITS of the sub-fund, then than all of the units of this class shall be redeemed on the basis of their net asset value applicable at the time. This redemption shall be published pub- lished by the Man- agement Management Company, and the redemption price shall be paid out to the former investors by the CustodianCustodi- an.

Dissolution resolution. The dissolution of the UCITS or one of its sub-funds shall be performed on a mandatory basis in the cases for which provision pro- vision has been made by law. In addition, the Management Company shall be entitled to dissolve the UCITS or individual sub-fund or individual unit classes at any time. Investors, heirs or and other authorised parties individuals may not demand the splitting or the dissolution of the UCITS or of an individ- ual indi- vidual sub-fund or of an individual unit class. The resolution concerning the dissolution of the UCITS a sub-fund or of a unit class shall be published on the website of the Liech- tenstein Investment Fund Association LAFV (▇▇▇.▇▇▇▇.▇▇) as the organ of publication of the UCITS or of a unit class re- spectively, as well as using other media and permanent data carriers specified in the Prospectus prospectus (letter, fax, e-mail or similar). From the day of the dissolu- tion dissolution resolution onwards, no further units shall be issued, converted or redeemed. In the event of the dissolution of the UCITSUCITS or of one of its sub-funds, the Management Company may liquidate the assets as- sets of the UCITS or of one of its sub-funds without delay in the best interests of the investorsInvestors. In other respects, the liquidation liq- uidation of the UCITS or of the sub-fund respectively shall be performed in accord- ance accordance with the provisions of the Liechtenstein Liech- tenstein Persons and Companies Act (Personen- und Gesellschaftsrecht - "PGR"). If the Management Company dissolves a unit class without dissolving the UCITSUCITS or the sub-fund, then all of the units of this class shall be redeemed on the basis of their net asset value applicable at the time. This redemption shall be published by the Man- agement Management Company, and the redemption price shall be paid out to the former investors Investors by the Custodian.