Common use of Queue System Clause in Contracts

Queue System. In the event redemption requests on any day exceed ten percent (10%) of the Units in issue, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first come first served basis for up to ten percent (10%) of the Units in issue. The Management Company shall proceed

Queue System. 10.3.1 In the event redemption requests on any day Business Day exceed ten percent (10%) percent of the Units in issue, the Management Company may invoke a queue system whereby requests for redemption shall be processed on a first first-come first first-served basis for up to ten percent (10%) percent of the Units in issue. The Management Company shall proceed.