Redemptions at the Option of a Shareholder Sample Clauses

Redemptions at the Option of a Shareholder. Unless otherwise provided in the prospectus of the Trust relating to the Shares, as such prospectus may be amended from time to time:
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Redemptions at the Option of a Shareholder. Unless otherwise provided in the rights of any Class, the Shares of the Trust are not redeemable at the option of the Shareholders thereof.
Redemptions at the Option of a Shareholder. Unless otherwise provided in the Registration Statement of the Trust relating to the Shares, as such Registration Statement may be amended from time to time:
Redemptions at the Option of a Shareholder. (a) The Trust shall purchase such Shares as are offered by any Shareholder for redemption, upon receipt by the Trust or a Person designated by the Trust of a request in proper form that the Trust redeem such Shares. All request for the redemption of Shares shall be in accordance with procedures approved by the Board of Trustees, and, in the case of any Series or Class now or hereafter authorized, if so determined by the Board of Trustees, shall be redeemable only in aggregations of such number of Shares (“Creation Units”) and at such times as may be determined by or pursuant to procedures approved by the Board of Trustees with respect to such Series of Class. The Board of Trustees shall have the unrestricted power to determine and change from time to time the number of Shares constituting a Creation Unit of a Series or Class. The Trust shall, upon the request of any Shareholder or pursuant to authorization from any Shareholder, redeem Shares or Creation Units, as applicable, for an amount equal to the net asset value thereof determined in accordance with applicable law, less any fees or charges for affecting such redemption as set forth in the Trust’s registration statement. Payment may be in cash, securities and other assets, or a combination thereof, as determined by the Board from time to time. and shall be made by the Trust to the Shareholder within seven days after the date on which the redemption request is received in proper form. The obligation to redeem as set forth in this Section 2 may be suspended or postponed in accordance with Section 22(e) of the 1940 Act and the rules and regulations thereunder or as otherwise permitted by the Commission. If certificates have been issued to a Shareholder, any such request by such Shareholder must be accompanied by surrender of any outstanding certificate or certificates for such Shares in form for transfer, together with such proof of the authenticity of signatures as may reasonably be required on such Shares and accompanied by proper stock transfer stamps, if applicable.
Redemptions at the Option of a Shareholder. Unless otherwise provided in the prospectus of the Trust relating to the Shares, as such prospectus may be amended from time to time ("Prospectus"), no Shareholder shall have the right to require the Trust to redeem Shares.

Related to Redemptions at the Option of a Shareholder

  • Redemptions at the Option of the Trust The Board of Trustees may, from time to time, without the vote or consent of the Shareholders, and subject to the 1940 Act, redeem Shares or authorize the closing of any Shareholder account, subject to such conditions as may be established by the Board of Trustees.

  • REPURCHASE AT THE OPTION OF HOLDER (a) If there is a Change of Control, the Company will be required to make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, thereon to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Payment”). Within ten days following any Change of Control, the Company will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the Indenture.

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