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 Mutual Fund’s registration statement, as amended from time to time, the Acquired Mutual Fund in its sole discretion may honor any redemption request partially or wholly in-kind. In the event that the Acquired Mutual Fund honors a redemption request partially or wholly in-kind, the Acquired Mutual Fund shall have sole discretion to determine the selection of its portfolio securities to distribute in-kind.

Appears in 14 contracts

Samples: Franklin Templeton (Bny Mellon Investment Portfolios), Funds Investment Agreement (Morningstar Funds Trust), Funds Investment Agreement (Franklin Gold & Precious Metals Fund)

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In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Mutual Fund’s registration statement, as amended from time to time, the Acquired Mutual Fund in its sole discretion may honor any redemption request partially or wholly in-kind. In the event that the Acquired Mutual Fund honors a redemption request partially or wholly in-kind, the Acquired Mutual Fund shall have sole discretion to determine the selection of its portfolio securities to distribute in-kind.

Appears in 4 contracts

Samples: Fund of Funds Investment Agreement (Managed Portfolio Series), Funds Investment Agreement (Advisors Disciplined Trust Series 1), Fund of Funds Investment Agreement (Massmutual Select Funds)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Mutual Fund’s registration statement, ,as amended from time to time, the Acquired Mutual Fund in its sole discretion may honor any redemption request partially or wholly in-kind. In the event that the Acquired Mutual Fund honors a redemption request partially or wholly in-kind, the Acquired Mutual Fund shall have sole discretion to determine the selection of its portfolio securities to distribute in-kind.

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (Mainstay Vp Funds Trust)

In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Mutual Fund’s 's registration statement, as amended from time to time, the Acquired Mutual Fund in its sole discretion may honor any redemption request partially or wholly in-kind. In the event that the Acquired Mutual Fund honors a redemption request partially or wholly in-kind, the Acquired Mutual Fund shall have sole discretion to determine the selection of its portfolio securities to distribute in-in- kind.

Appears in 1 contract

Samples: Franklin Templeton (DBX Etf Trust)

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In-kind redemptions. The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Mutual Fund’s registration statement, as amended from time to time, the Acquired Mutual Fund in its sole discretion may honor any redemption request partially or wholly in-kind. In the event that the Acquired Mutual Fund honors a redemption request partially or wholly in-kind, the Acquired Mutual Fund shall have sole discretion to determine the selection of its portfolio securities to distribute in-kind.

Appears in 1 contract

Samples: Funds Investment Agreement (GPS Funds II)

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

Appears in 1 contract

Samples: Fund of Funds Investment Agreement (RiverNorth Funds)

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