Common use of Suspension of Right of Redemption Clause in Contracts

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 89 contracts

Samples: Agreement and Declaration of Trust (Harbor ETF Trust), Agreement and Declaration (Harbor ETF Trust), Agreement and Declaration (Harbor ETF Trust)

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Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminatesredemption.

Appears in 63 contracts

Samples: Agreement and Declaration of Trust (Calamos Global Total Return Fund), Fourth Amended And (Calamos Dynamic Convertible & Income Fund), Agreement and Declaration of Trust (Cushing Renaissance Fund)

Suspension of Right of Redemption. If, as referred to in Section 2 of this ArticleArticle V, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspensionsuspension or the suspension terminates or expires pursuant to the 1940 Act or any exemptive relief thereunder. If the right of redemption is suspended, a Shareholder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 12 contracts

Samples: Agreement and Declaration of Trust (Federated Hermes ETF Trust), Agreement and Declaration of Trust (Federated Hermes ETF Trust), Agreement and Declaration of Trust (Federated Hermes ETF Trust)

Suspension of Right of Redemption. If, as referred to in Notwithstanding Section 2 7.2 of this ArticleArticle VII, the Trustees may postpone payment of the redemption price and suspend the Shareholders' right of Shareholders to require any Portfolio or Class to redeem their Shares, Shares during any period when and to the extent permissible under the 1940 Act. Any such postponement and suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders thereof, and shall have no right of redemption or payment continue until the Trustees declare the end of the suspensionthereof. If the right of redemption is suspended, a Shareholder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value net asset value per Share next determined after the suspension terminates.

Appears in 8 contracts

Samples: Agreement and Declaration (Hillview Investment Trust Ii), Agreement and Declaration (Hillview Investment Trust Ii), Agreement and Declaration (Gt Global Variable Investment Series)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Thereafter, Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 7 contracts

Samples: Agreement and Declaration of Trust (Pioneer Tax Advantaged Balanced Fund), Agreement And (Pioneer Tax Qualified Dividend Fund), Pioneer Floating Rate Trust

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Thereafter, Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Pioneer Municipal High Income Trust), Agreement and Declaration of Trust (Pioneer High Income Trust), Agreement and Declaration of Trust (Pioneer Diversified High Income Trust)

Suspension of Right of Redemption. If, as referred to in Section 2 3 of this Article, the Trustees postpone payment of the redemption price and and/or suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Axa Premier Funds Trust), Agreement and Declaration (Investbio Opportunity Trust), Agreement and Declaration (Equitable Trust/Ny/)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify. Thereafter, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, any Shareholder having tendered a Shareholder redemption request may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 4 contracts

Samples: Agreement and Declaration (NETS Trust), Agreement and Declaration (NETS Trust), Agreement and Declaration (FlexShares Trust)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, specify but not later than the close of business on the business day next following the declaration of suspension. Thereafter Thereafter, Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 3 contracts

Samples: WisdomTree Trust, WisdomTree Trust, WisdomTree Trust

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.. ARTICLE VI SHAREHOLDERS’ VOTING POWERS AND MEETINGS

Appears in 2 contracts

Samples: Agreement (Harbor ETF Trust), Agreement (Harbor ETF Trust)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article8.3, the Trustees postpone payment of the redemption price and suspend the right of Shareholders Holders to redeem their SharesInterests, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders Holders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder Holder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Share Interest next determined after the suspension terminates.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Columbia Funds Master Investment Trust, LLC), Limited Liability Company Agreement (Columbia Funds Master Investment Trust LLC)

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Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders Interestholders to redeem their SharesInterests, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders Thereafter, Interestholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder Interestholder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.. ARTICLE VII

Appears in 1 contract

Samples: Wells Fargo Master Trust

Suspension of Right of Redemption. If, as referred to in --------------------------------- Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 1 contract

Samples: Agreement and Declaration (Sun Capital Advisers Trust)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees Directors postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees Directors shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees Directors declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 1 contract

Samples: Agreement and  declaration of Focus (Focus Funds Series Inc.)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Thereafter, Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.. ARTICLE VI

Appears in 1 contract

Samples: Agreement Fee Agreement (Wells Fargo Funds Trust)

Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a BOSTON 1895365v2 Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 1 contract

Samples: Agreement And (Pioneer Asset Allocation Series)

Suspension of Right of Redemption. If, as referred to in --------------------------------- Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, any Shareholder having tendered a Shareholder redemption request may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 1 contract

Samples: Goldman Sachs Trust

Suspension of Right of Redemption. If, as referred to in --------------------------------- Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify. Thereafter, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, any Shareholder having tendered a Shareholder redemption request may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.

Appears in 1 contract

Samples: Agreement and Declaration (Goldman Sachs Variable Insurance Trust)

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