Redemption commission Clause Samples

Redemption commission. Currently, no redemption commission will be charged.

Redemption commission. Holdings of Units of any Class may be redeemed in whole or in part on the Luxembourg Business Day preceding the Valuation Day at the redemption price (the "Redemption Price") on the basis of the Net Asset Value per Unit determined on such Valuation Day less a redemption commission (the "Redemption Commission") of up to 1% maximum of the Net Asset Value per Unit with regard to the Classes of Units reserved to institutional investors (as such term is interpreted by the supervisory authority and any applicable laws and regulations from time to time in force in Luxembourg ("Institutional Investors") and up to 3% maximum of the Net Asset Value per Unit with regard to the Classes of Units reserved to retail investors (as such term is interpreted by the supervisory authority and any applicable laws and regulations from time to time in force in Luxembourg ("Retail Investors"). Such Redemption Commission may be charged in favour of any Distributor. In addition and where specifically provided in Appendix C of the Prospectus for a specific Sub- fund, a Redemption Commission may be charged in favour of the relevant Sub-fund. Such Redemption Commission may, under certain circumstances and subject to the principle of equal treatment between investors, be waived by the Management Company Board for all Unitholders redeeming their Units on the same Valuation Day.