Common use of In-kind redemptions Clause in Contracts

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 46 contracts

Samples: Funds Investment Agreement (iSHARES TRUST), Funds Investment Agreement (iShares, Inc.), Fund of Funds Investment Agreement (Arbitrage Funds)

AutoNDA by SimpleDocs

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended and/or supplemented from time to time, the Acquired Fund may honor any redemption request (including any redemption request from an Authorized Participant acting as an intermediary to execute the Acquiring Fund’s transaction, if applicable) partially or wholly in-in kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-in kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 9 contracts

Samples: Fund of Funds Investment Agreement (IndexIQ ETF Trust), Fund of Funds Investment Agreement (John Hancock Variable Insurance Trust), Fund of Funds Investment Agreement (John Hancock Funds II)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, and Rule 6c-11, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 8 contracts

Samples: Investment Agreement (Schwab Strategic Trust), Fund of Funds Investment Agreement (Northern Lights Fund Trust), Fund of Funds Investment Agreement (Symmetry Panoramic Trust)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s 's registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 4 contracts

Samples: Fund of Funds Investment Agreement (American Century Strategic Asset Allocations Inc), Funds Investment Agreement (Deutsche DWS Variable Series Ii), Funds Investment Agreement (BNY Mellon Absolute Insight Funds, Inc.)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the relevant Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall will include the selection of portfolio securities and other assets to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 3 contracts

Samples: Guggenheim Funds (Guggenheim Funds Trust), Guggenheim Funds (Guggenheim Strategy Funds Trust), Guggenheim Funds (Transparent Value Trust)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-in kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-in kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 2 contracts

Samples: Funds Investment Agreement (Allspring Funds Trust), Funds Investment Agreement (Allspring Funds Trust)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-in kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-in kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds)kind.

Appears in 2 contracts

Samples: Fund of Funds Investment Agreement (Financial Investors Trust), Fund of Funds Investment Agreement (Pacific Select Fund)

In-kind redemptions. The Each Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the relevant Acquired Fund’s then-current registration statement, as amended or supplemented from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-in kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (Lord Abbett Investment Trust)

AutoNDA by SimpleDocs

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds)kind.

Appears in 1 contract

Samples: Funds Investment Agreement (Nationwide Variable Insurance Trust)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in -kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (Deutsche DWS Variable Series Ii)

In-kind redemptions. The Acquiring Fund acknowledges and agrees Acquired Fund acknowledge and agree that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may in its sole discretion honor any redemption requests partially or wholly in-kind. In the event that the Acquired Fund honors a redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of kind, the Acquired Fund shall include have sole discretion to determine the selection of its portfolio securities to distribute in-in kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (Ohio National Fund Inc)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may honor any redemption request partially or wholly in-kind in kind. In the sole discretion of event that the Acquired Fund (which discretion of honors a redemption request partially or wholly in-kind, the Acquired Fund shall include have sole discretion to determine the selection of its portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds).

Appears in 1 contract

Samples: Funds Investment Agreement (Stone Ridge Trust)

In-kind redemptions. The Each Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the applicable Acquired Fund’s Fund(s)’ registration statement, as amended from time to time, the an Acquired Fund may honor any redemption request partially or wholly in-kind in the sole discretion of the Acquired Fund (which discretion of the Acquired Fund shall include the selection of portfolio securities to distribute in-kind), even where such Acquired Fund does not ordinarily satisfy redemption requests in-kind (particularly in the case of Acquired Funds that are not exchange-traded funds)kind.

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (Nationwide Variable Insurance Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.