Common use of Redemption by Trust Clause in Contracts

Redemption by Trust. Each Share of each Sub-Trust or class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that would be applicable if such Share was then being redeemed by the Shareholder pursuant to subsection (f) of this Section 4.2: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the Shares of the Trust or any Sub-Trust thereof or class thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder accounts of not less than a minimum value. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 3 contracts

Sources: Agreement and Declaration of Trust (Calamos Investment Trust/Il), Agreement and Declaration of Trust (Calamos Investment Trust/Il), Agreement and Declaration of Trust (Calamos Advisors Trust/Il)

Redemption by Trust. Each Share of each Sub-Trust or class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that which would be applicable if such Share was then being redeemed by the Shareholder pursuant to subsection (f) of this Section 4.2: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the Shares of the Trust or any Sub-Trust thereof or class thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder accounts of not less than a minimum valueTrust. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 3 contracts

Sources: Trust Agreement (Stockjungle Com), Trust Agreement (Stockjungle Com), Master Trust Agreement (Smith Barney Multiple Discipline Account Trust)

Redemption by Trust. Each Share of each Sub-Trust or and each class ------------------- thereof that has been established and designated is subject to redemption by the Trust at the redemption price that would be applicable if such Share was then being redeemed by the Shareholder determined pursuant to subsection (fg) of this Section 4.2: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the other Shares of the Trust or any Sub-Trust thereof or class any classes thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth described in the then current Prospectus of the for a Sub-Trust or class with respect to maintenance of Shareholder accounts of not less than a minimum valueamount in that Sub-Trust or class. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (North American Funds), Agreement and Declaration of Trust (North American Funds)

Redemption by Trust. Each Share of each Sub-Trust or class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that which would be applicable if such Share was then being redeemed by the Shareholder pursuant to subsection (f) of this Section 4.2: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the Shares of the Trust or any Sub-Trust thereof or class thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder accounts of not less than a minimum value. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Calamos Investment Trust/Il), Agreement and Declaration of Trust (Calamos Insurance Trust)

Redemption by Trust. Each Share of each Sub-Trust or class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that which would be applicable if such Share was then being redeemed by the Shareholder pursuant to subsection (f) of this Section 4.2: (ia) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the Shares of the Trust or any Sub-Trust thereof or class thereof, or (iib) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder accounts of not less than a minimum valueamount. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 1 contract

Sources: Master Trust Agreement (State Street Research Capital Trust)

Redemption by Trust. Each Share of each Sub-Trust or class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that which would be applicable if such Share was then being redeemed by the Shareholder pursuant to subsection (f) of this Section 4.2: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust or to the holders of the Shares of the Trust or any Sub-Sub- Trust thereof or class thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder accounts of not less than a minimum value. Upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (CFS Investment Trust)

Redemption by Trust. Each Share Interest of each Sub-the Trust or class Series or Class thereof that has been established and designated is subject to redemption by the Trust at the redemption price that which would be applicable if such Share Interest was then being redeemed by the Shareholder Holder pursuant to subsection (f) of this Section 4.27.2 hereof: (i) at any time, if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have materially adverse consequences to the Trust or any Sub-Trust Series or to the holders Holders of the Shares Interests of the Trust or any Sub-Trust thereof Series or class Class thereof, or (ii) upon such other conditions as may from time to time be determined by the Trustees and set forth in the then current Prospectus of the Trust with respect to maintenance of Shareholder Holder accounts of not less than a minimum valueamount. Upon such redemption the holders Holders of the Shares Interests so redeemed shall have no further right with respect thereto other than to receive payment of such redemption price.

Appears in 1 contract

Sources: Trust Agreement (Black Pearl Funds)