Common use of Redemption by Shareholder Clause in Contracts

Redemption by Shareholder. Each holder of Shares of a particular Portfolio shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, to require the Trust to redeem all or any part of his Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and at a redemption price equal to the net asset value per Share of that Portfolio or Class thereof determined in accordance with subsection (h) of this Section 4.3 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided that, if the Trustees determine (which determination shall be conclusive) that conditions exist that make payment wholly in cash unwise or undesirable, the Trust may, subject to requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio to require the Trust to redeem Shares of that Portfolio during any period or at any time when (and to the extent) permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares Shareholder of a particular Portfolio shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, to require the Trust to redeem all or any part of his Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and at a redemption price equal to the net asset value per Share of that Portfolio or Class thereof determined in accordance with subsection (hSection 4.3(h) of this Section 4.3 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (which determination shall be conclusive) that conditions exist that make payment wholly in cash unwise or undesirable, the Trust may, subject to requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoingThe foregoing notwithstanding, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares Shareholders of any Portfolio to require the Trust to redeem Shares of that Portfolio during any period or at any time when (and to the extent) permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Sub-Trust or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part of his Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Sub-Trust or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that which make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Sub-Trust of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Sub-Trust or class thereof to require the Trust to redeem Shares of that Portfolio Sub-Trust during any period or at any time when (and to the extent) extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Series or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part of his such holder's Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Series or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Series or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that which make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Series of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Series or class thereof to require the Trust to redeem Shares of that Portfolio Series during any period or at any time when (and to the extent) extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Sub-Trust or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part a of his Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Sub- Trust or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that which make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Sub-Trust of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Sub-Trustor class thereof to require the Trust to redeem Shares of that Portfolio Sub-Trust during any period or at any time when (and to the extent) extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Sub- Trust or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part a of his Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Sub-Trust or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that which make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Sub-Trust of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Sub- Trust or class thereof to require the Trust to redeem Shares of that Portfolio Sub-Trust during any period or at any time when (and to the extent) extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Sub-Trust or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part of his such holder’s Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Sub-Trust or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Sub-Trust of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Sub-Trust or class thereof to require the Trust to redeem Shares of that Portfolio Sub-Trust during any period or at any time when (and to the extent) extent permissible under the 1940 Act.

Redemption by Shareholder. Each holder of Shares of a particular Portfolio Sub- Trust or any class thereof shall have the right at such times as may be permitted by the Trust, consistent with the requirements of the 1940 Act, Trust to require the Trust to redeem all or any part of his such holder's Shares of that Portfolio on terms consistent with any applicable requirements of the 1940 Act and Sub-Trust or class thereof at a redemption price equal to the net asset value per Share of that Portfolio Sub-Trust or Class class thereof next determined in accordance with subsection (h) of this Section 4.3 4.2 after the Shares are properly tendered for redemption, subject to any contingent deferred sales charge or redemption charge in effect at the time of redemption. Payment of the redemption price shall be in cash; provided thatprovided, however, that if the Trustees determine (determine, which determination shall be conclusive) , that conditions exist that which make payment wholly in cash unwise or undesirable, the Trust may, subject to the requirements of the 1940 Act, make payment wholly or partly in securities or other assets belonging to the Portfolio Sub-Trust of which the Shares being redeemed are part at the value of such securities or other assets used in such determination of net asset value. Notwithstanding the foregoing, the Trust may postpone payment of the redemption price and may suspend the right of the holders of Shares of any Portfolio Sub- Trust or class thereof to require the Trust to redeem Shares of that Portfolio Sub-Trust during any period or at any time when (and to the extent) extent permissible under the 1940 Act.