Common use of DST Clause in Contracts

DST. Within 30 days after the Closing, DST shall purchase from Karpus shares of the Funds at a price per share equal to 98% of the net asset value per share, determined on the second business day preceding the date of purchase, and a total purchase price of $13.58 million. DST shall allocate purchases between the Funds such that $10.91 million of its purchases will be for Growth Fund shares and $2.67 million of its purchases will be for Equity Fund shares; provided, however, that the parties may agree in writing to a different allocation between the Fund shares so long as the total purchases do not exceed $13.58 million.

Appears in 1 contract

Sources: Standstill Agreement (DST Systems Inc)

DST. Within 30 days after the Closing, DST shall purchase from Karpus ▇▇▇▇▇▇▇ shares of the Funds at a price per share equal to 98% of the net asset value per share, determined on the second business day preceding the date of purchase, and a total purchase price of $13.58 1.42 million. DST shall allocate purchases between the Funds such that $10.91 1.09 million of its purchases will be for Growth Fund shares and $2.67 0.33 million of its purchases will be for Equity Fund shares; provided, however, that the parties may agree in writing to a different allocation between the Fund shares so long as the total purchases do not exceed $13.58 1.42 million.

Appears in 1 contract

Sources: Standstill Agreement (DST Systems Inc)