Common use of Redemption by Shareholder Clause in Contracts

Redemption by Shareholder. Each Shareholder shall have the right to tender all or part of his shares of the Sub-Trust or any class thereof for redemption at such times as the By-Laws permit, but at least once weekly, with the redemption price equal to the net asset value per Share as defined in this section. The Trust shall make payment in cash unless in the Trustee's judgment conditions exist which make payment in cash undesirable, in which case the Trust may make payment wholly or partly in assets belonging to the Sub-Trust or class thereof. The Trust may postpone payment of the redemption price and suspend the Shareholder's right of redemption in appropriate circumstances, to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each Shareholder shall have the right to tender all or part of his shares of the Sub-Trust or any class thereof for redemption at such times as the By-Laws permit, but at least once weekly, with the redemption price equal to the net asset value per Share as defined in this section. The Trust shall make payment in cash unless in the Trustee's ’s judgment conditions exist which make payment in cash undesirable, in which case the Trust may make payment wholly or partly in assets belonging to the Sub-Trust or class thereof. The Trust may postpone payment of the redemption price and suspend the Shareholder's ’s right of redemption in appropriate circumstances, to the extent permissible under the 1940 Act.

Redemption by Shareholder. Each Shareholder shall have the right to tender all or part of his shares of the Sub-Trust or any class thereof for redemption at such times as the By-Laws permit, but at least once weekly, with the redemption price equal to the net asset value per Share as defined in this sectionSection. The Trust shall make payment in cash unless in the Trustee's judgment conditions exist which make payment in cash undesirable, in which case the Trust may make payment wholly or partly in assets belonging to the Sub-Trust or class thereof. The Trust may postpone payment of the redemption price and suspend the Shareholder's right of redemption in appropriate circumstances, to the extent permissible under the 1940 Act.