Common use of Queue System Clause in Contracts

Queue System. 12.4.1 In the event redemption requests on any Business Day exceed ten (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 come first served basis for up to ten (10) percent of the Units in issue. 12.4.2 The Management Company shall proceed to sell adequate assets of the Fund and/or arrange borrowing as it deems fit in the best interest of the Unit Holders and shall determine the Redemption Price to be applied to the redemption requests based on such action. 12.4.3 Where it is not practical to determine the chronological ranking of any requests in comparison to others received on the same Business Day, such requests shall be processed on a proportional basis proportionate to the size of the requests. 12.4.4 The requests in excess of the ten (10) percent shall be treated as redemption requests qualifying for being processed on the next Business Day at the price to be determined for such redemption requests. 12.4.5 If the carried over requests and the fresh requests received on the next Business Day still exceed ten (10) percent of the Units in issue, these shall once again be treated on first-come-first served basis and the process for generating liquidity and determining the Redemption Price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.

Queue System. 12.4.1 In the event redemption requests on any Business Day 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 come first served basis for up to ten percent (10%) percent of the Units in issue. 12.4.2 . The Management Company shall proceed to sell adequate assets of the Fund and/or and/ or arrange borrowing as it deems fit in the best interest of the all Unit Holders holders and shall determine the Redemption Price redemption price to be applied to the redemption requests based on such action. 12.4.3 . Where it is not practical to determine the chronological ranking of any requests in comparison to others received on the same Business Daybusiness day, such requests shall be processed on a proportional basis proportionate to the size of the requests. 12.4.4 . The requests in excess of the ten ten-percent (10%) percent shall be treated as redemption requests qualifying for being processed on the next Business Day business day at the price to be determined for such redemption requests. 12.4.5 If . However, if the carried over requests and the fresh requests received on the next Business Day business day still exceed exceed-ten percent (10%) percent of the Units in issue, these shall once again be treated on first- come first-come-first served basis and the process for generating liquidity and determining the Redemption Price redemption price shall be repeated and such procedure shall continue till such time the outstanding redemption requests come down to a level below ten (10) percent of the Units then in issue.