Examples of National Financial Emergency in a sentence
Moreover, redemptions may be suspended in the event of a National Financial Emergency.
The obligations of the Trust, or the applicable Series thereof, set forth in this Section 4 are subject to the provision that such obligations may be suspended or postponed by the Board of Administrative Trustees (i) during any time the New York Stock Exchange (the “Exchange”) is closed for other than weekends or holidays; (ii) if permitted by the rules of the Commission, during periods when trading on the Exchange is restricted; or (iii) during any National Financial Emergency.
The Board of Administrative Trustees, in its discretion, may declare that the suspension relating to a National Financial Emergency shall terminate, as the case may be, on the first business day on which the Exchange shall have reopened or the period specified above shall have expired (as to which, in the absence of an official ruling by the Commission, the determination of the Board of Administrative Trustees shall be conclusive).