Reinvestment Program Clause Samples

Reinvestment Program. If I participate in the Cross- Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross-reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, ▇▇▇▇▇▇ ▇▇▇▇▇ will invest the funds received on my behalf into shares of the cross- reinvestment security, which will settle on the following business day. The price paid for such cross-reinvestment security will be the public offering price of the security as determined in its prospectus. The cross-reinvestment of distributions from one mutual fund to another mutual fund is generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.

Reinvestment Program. All Limited Partners shall automatically be enrolled into the Reinvestment Program unless the Limited Partner decides to opt-out. The Reinvestment Program shall be outlined in the Memorandum.

Reinvestment Program. Subject to legal, tax, regulatory, accounting and other similar considerations, each Limited Partner shall participate in the reinvestment program of distributions of Distributable Proceeds with respect to all of its Units (the “Reinvestment Program”) in accordance with the procedures described below, unless such Limited Partner has elected in its subscription agreement not to participate in the Reinvestment Program with respect to all or 50% of its Units or elects to withdraw from the Reinvestment Program pursuant to Section 4.2(b)(v) below. The following provisions shall apply to the Reinvestment Program and any Limited Partner’s participation therein: (a) Subject to Section 4.2(b)(v) and unless the General Partner determines otherwise with respect to any distribution or any Reinvestment Program Participant, including for legal, tax, regulatory, accounting or other considerations, the General Partner shall, on behalf of each Reinvestment Program Participant, reinvest all distributions otherwise to be made to such Reinvestment Program Participant in exchange for such Reinvestment Program Participant being issued additional Units. (b) In connection with this Section 4.2, each Limited Partner agrees and acknowledges as follows: (i) The Partnership has designated the General Partner to administer the Reinvestment Program and act as agent for the Reinvestment Program Participants. The General Partner shall credit distributions to Reinvestment Program Participants on the basis of whole or fractional Units, and shall reinvest such distributions in additional Units. (ii) A Reinvestment Program Participant shall remain in the Reinvestment Program until such Reinvestment Program Participant withdraws from the Reinvestment Program in accordance with Section 4.2(b)(v) or the General Partner terminates or suspends the Reinvestment Program in accordance with Section 4.2(b)(vii). (iii) A Reinvestment Program Participant shall be deemed to have made a Capital Contribution, and Units shall be issued, as of the first day of the calendar quarter or other period following the calendar quarter or other period in which the related distribution is accrued after taking into account any distributions (or deemed distributions) by dividing the deemed Capital Contributions made by such Partner by the Unit Price on the issuance date. Such Reinvestment Program Participant’s Commitment to the Partnership shall be increased by the amount of any deemed Capital Contribution pursuant to t...

Reinvestment Program. If I have authorized and instructed ▇▇▇▇▇▇ ▇▇▇▇▇ to begin and to continue until further notice from me the reinvestment of distributions (dividends and/or interest payments) on certain securities that are presently held on my behalf at ▇▇▇▇▇▇ ▇▇▇▇▇ (the “owned securities”) into an equity security designated by me (the “reinvestment security”) to be purchased as outlined below, I accept the terms of the reinvestment program that are set forth below:

Reinvestment Program. Issuer shall furnish Trust Company with a list of shareholders who have elected to reinvest dividends in additional shares. With respect to those shareholders, Trust Company shall on the designated payment date for the dividend, automatically reinvest all such dividends in additional shares for the benefit of the electing shareholders. In its capacity as Transfer Agent and Registrar Trust Company will issue certificates or credit the accounts of shareholders not holding certificates representing the amount of the dividends reinvested. For the purpose of paying dividends in the form of stock, Issuer shall calculate the net asset value in accordance with the current registration statement and Rule 2a-4 under the Investment Company Act of 1940 and Trust Company shall issue shares or credit accounts in accordance therewith.

Reinvestment Program. If I participate in the Cross-