Common use of In-Kind Redemption Clause in Contracts

In-Kind Redemption. In the event the Company desires to withdraw or redeem all or a portion of the Fund's Investment in the Portfolio, unless otherwise agreed to by the parties, the Portfolio will effect such redemption (a) in cash, (b) "in kind" (as described below) or (c) in some combination of the foregoing determined solely in the discretion of Bankers. Further, if the Interest Rate Trigger as described in the prospectus for the Portfolio is active, a redemption fee (currently 3% of the proceeds of such redemption) will be applied. In connection with a partial or complete redemption "in kind," the Portfolio will distribute to the Company securities and Wrapper Agreements as described in the prospectus for the BT PreservationPlus Income Fund. The Portfolio will assign to the Company one or more Wrapper Agreements issued by the Wrapper providers covering the securities distributed in kind. The terms and conditions of the Wrapper Agreements distributed to the Company will be substantially similar to the terms and conditions of the Wrapper Agreements held by the Portfolio. In order to obtain the benefits provided thereunder, the Company's management of the securities must be consistent with the Wrapper Agreement requirements and the Company must complete the assignment by executing the Wrapper Agreements. No other withdrawal or redemption of any Interest in the Portfolio will be satisfied by means of an "in kind" redemption except in compliance with Rule 18f-1 under the 1940 Act, provided, however, that for purposes of determining compliance with Rule 18f-1, each shareholder of the Fund redeeming shares of the Fund on a particular day will be treated as a direct holder of an Interest in the Portfolio being redeemed that day.

In-Kind Redemption. In the event the Company desires to withdraw or redeem all or a portion of the Fund's Investment in the Portfolio, unless otherwise agreed to by the parties, the Portfolio will effect such redemption (a) in cash, (b) "in kind" (as described below) or (c) in some combination of the foregoing determined solely in the discretion of Bankers. DEAM, INC.. Further, if the ▇▇▇ Interest Rate Trigger as described in the prospectus for the Portfolio is active, a redemption fee (currently 32% of the proceeds of such redemption) will be applied. In connection with a partial or complete redemption "in kind," the Portfolio will distribute to the Company securities and Wrapper Agreements as described in the prospectus for the BT PreservationPlus Income Fund. The Portfolio will assign to the Company one or more Wrapper Agreements issued by the Wrapper providers covering the securities distributed in kind. The terms and conditions of the Wrapper Agreements distributed to the Company will be substantially similar to the terms and conditions of the Wrapper Agreements held by the Portfolio. In order to obtain the benefits provided thereunder, the Company's management of the securities must be consistent with the Wrapper Agreement requirements and the Company must complete the assignment by executing the Wrapper Agreements. No other withdrawal or redemption of any Interest in the Portfolio will be satisfied by means of an "in kind" redemption except in compliance with Rule 18f-1 under the 1940 Act, provided, however, that for purposes of determining compliance with Rule 18f-1, each shareholder of the Fund redeeming shares of the Fund on a particular day will be treated as a direct holder of an Interest in the Portfolio being redeemed that day.

In-Kind Redemption. In the event the Company desires to withdraw or redeem all or a portion of the Fund's Investment Interests in the Portfolio, unless otherwise agreed to by the parties, the Portfolio will effect such redemption (ai) in cash, (bii) "in kind" (as described below) or (ciii) in some combination of the foregoing determined solely in the discretion of Bankersthe Adviser. Further, if the Interest Rate Trigger as described in the prospectus Prospectus for the Portfolio is active, a redemption fee (currently 3% of the proceeds of such redemption) will be applied. In connection with a partial or complete redemption payment "in kind," ", the Portfolio will distribute to the Company securities and Wrapper Agreements as described in the prospectus for the BT PreservationPlus Income Fund. The Portfolio will assign to the Company one or more Wrapper Agreements issued by the Wrapper providers covering the securities distributed in kind. The terms and conditions of the Wrapper Agreements distributed to the Company will be substantially similar to the terms and conditions of the Wrapper Agreements held by the Portfolio. In order to obtain the benefits provided thereunder, the Company's management of the securities must be consistent with the Wrapper Agreement requirements and the Company must complete the assignment by executing the Wrapper Agreements. No other withdrawal or redemption of any Interest in the Portfolio will be satisfied by means of an "in kind" redemption except in compliance with Rule 18f-1 under the 1940 Act, provided, however, that for purposes of determining compliance with Rule 18f-1, each shareholder of the Fund redeeming shares of the Fund on a particular day will be treated as a direct holder of an Interest in the Portfolio being redeemed that day.