Redemption at the Option of the Trust. The Trustees shall have the power to redeem Shares of the Trust (or any Series thereof) at a redemption price determined in accordance with Section 6.1(j), if at any time (i) the total investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for the Trust (or such Series) from time to time (ii) the number of Shares held in such account is equal to or in excess of a specified percentage of Shares of the Trust or any Series as set forth from time to time in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 6.1(k), the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.
Appears in 38 contracts
Samples: Agreement and Declaration (American Capital Pace Fund Inc), Agreement and Declaration (Van Kampen American Capital Global Managed Assets Fund), Agreement and Declaration (American Capital Utilities Income Fund Inc)
Redemption at the Option of the Trust. The Trustees shall have the power to redeem Shares of the Trust (or any Series thereof) at a redemption price determined in accordance with Section 6.1(j), if at any time (i) the total investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for the Trust (or such Series) Series from time to time (ii) the number of Shares held in such account is equal to or in excess of a specified percentage of Shares of the Trust or any Series as set forth from time to time in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 6.1(k), the Shareholder shall be notified that the value of his account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.
Appears in 19 contracts
Samples: Cushing Funds Trust (Cushing Funds Trust), Funds Trust (Cushing MLP Funds Trust), Agreement and Declaration of Trust (Van Kampen American Capital Tax Free Money Fund)
Redemption at the Option of the Trust. The Trustees shall have the power to redeem Shares of the Trust (or any Series thereof) at a redemption price determined in accordance with Section 6.1(j), if at any time (i) the total investment in such account does not have a value of at least such minimum amount as may be specified in the Prospectus for the Trust (or such Series) from time to time (ii) the number of Shares held in such account is equal to or in excess of a specified percentage of Shares of the Trust or any Series as set forth from time to time in the applicable Prospectus. In the event the Trustees determine to exercise their power to redeem Shares provided in this Section 6.1(k), the Shareholder shall be notified that the value of his his/her account is less than the applicable minimum amount and shall be allowed 30 days to make an appropriate investment before redemption is processed.
Appears in 6 contracts
Samples: Agreement and Declaration (VALIC Co II), Agreement and Declaration (VALIC Co II), Agreement and Declaration (American General Series Portfolio Co 3)
