Exchange Privilege definition

Exchange Privilege. With respect to any Company shares held in the Custodial Account, the Depositor (or beneficiary, where applicable) may, upon submission of written instructions in a form acceptable to and filed with the Custodian, cause shares of any fund to be exchanged for shares of any other fund of the Company meeting the requirements of this Agreement, upon the terms and within the limitations imposed by the then current prospectus of the fund of the Company which are acquired in the exchange. By giving such instructions, the Depositor (or beneficiary) will be deemed to have acknowledged receipt of such prospectus.
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Exchange Privilege means the privilege pursuant to which an Employee may, subject to the limitations, terms and conditions set forth in the Exchange Application and the current prospectuses of International Investors Incorporated and the Van Eck Funds, exchange I.I.I. Shares or V.E.F. Shares purchased with contributions to the Plan made by the Employee and the Employer on behalf of the Employee and any I.I.I. Shares or V.E.F. Shares acquired as a result of dividends and capital gains distributions thereon for shares of the Participating Funds and re-exchange such shares for shares of the other Participating Funds.
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Examples of Exchange Privilege in a sentence

  • Establishment and Designation of Shares (a) Assets Belonging to Series (b) Liabilities Belonging to Series (c) Dividends, Distributions, Redemptions and Repurchases (d) Voting (e) Equality (f) Fractions (g) Exchange Privilege (h) Combination of Series (i) Elimination of Series 7.

  • Only if you do not wish to authorize the Telephone Exchange Privilege, please check here.

  • With the OppenheimerFunds Exchange Privilege, described below, you can exchange shares automatically by phone from your Fund account to another OppenheimerFunds account you have already established by calling the special PhoneLink number.

  • The minimum dollars purchase of Shares of each Fund (including Shares being acquired by your customers pursuant to the Exchange Privilege or the Reinvestment Privilege as described in the Prospectus) shall be the applicable minimum amounts described in the applicable Prospectus and no order for less than such amounts will be accepted.

  • This Exchange Privilege cannot be extended should the privilege expire while premiums are being waived.

  • Depositor acknowledges and understands that if the depositor does not want to authorize the Telephone Exchange Privilege, the box should be checked in that Section above.

  • This policy will end on the date the new policy takes effect under this Exchange Privilege.

  • This policy cannot be exchanged if it was issued under the Exchange Privilege of a previous term insurance policy.

  • Exercise of Conversion or Exchange Privilege.............................

  • Establishment and Designation of Series (a) Assets With Respect to a Particular Series (b) Liabilities Held With Respect to a Particular Series (c) Dividends, Distributions, Redemptions, and Repurchases (d) Voting (e) Equality (f) Fractions (g) Exchange Privilege (h) Combination of Series (i) Elimination of Series 7.