Common use of Issue of Units Clause in Contracts

Issue of Units. ‌ 23.1 The Management Company shall be responsible for obtaining all requisite consents and approval for the offer and issue of Units and for the issue, publication or circulation of the Offering Document. 23.2 The Units shall be offered through the authorized offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust Deed. 23.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque, pay order or bank draft (crossed A/C payee only). The Management Company may make arrangements to accept payments via credit cards, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed by the Management Company, at the Authorized Branches of the Management Company or officers of any Distribution Company on any Subscription Day. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of Units. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issue of Units and after ensuring that the documentation required is complete in all aspects forward the application to the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Units. 23.4 Each Holder shall only be liable to pay the Offer Price of the Units subscribed by him in the manner provided in Clause 24 and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued only against the receipt of full payment. 23.5 An application for issuance of Units shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe automatic issuance of Units under certain circumstances. 23.6 The Management Company may make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.

Issue of Units. ‌ 23.1 24.1 The Management Company shall be responsible for obtaining all requisite consents and approval approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The 24.2 Except as provided herein the Units shall be offered through at the authorized offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 Application 24.3 1Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by chequecheque or bank draft, pay order or bank draft (order, credit card etc. in favour of the Trustee and crossed A/C payee only). The Management Company may make arrangements to accept payments via credit cards, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed by the Management Company, “Account Payee Only” at the Authorized Branches of the Management Company authorized branch or officers office of any Distribution Company on any Subscription DayCompany. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the The application for issuance of Units. the Units and the specimen signature of each Holder shall be retained by the The Distribution Company or Transfer Agent shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of UnitsApplication for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draft, pay order, credit card etc. in favour of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Company. The Distribution Company shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units and after ensuring that the documentation required is complete in all aspects forward the application verified by a banker or Broker or other responsible person or otherwise authenticated to the Transfer Agent for further processingits or their reasonable satisfaction. Any charge(s1 24.4 Each Unit Holder(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Units. 23.4 Each Holder shall only be liable to pay the Offer Purchase (Offer) Price of the Units subscribed by him together with a sum sufficient in the manner provided opinion of the Management Company to cover any Duties, Charges, levies etc payable in Clause 24 connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against the receipt of full payment. 23.5 An application 24.5 The Management Company may impose processing charges for issuance of Units in such manner as it shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe automatic issuance of Units under certain circumstancesthink fit. 23.6 The Management Company may make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.

Issue of Units. ‌ 23.1 The Management Company shall be responsible for obtaining all requisite consents and approval approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The Except as provided herein the Units shall be offered through at the authorized offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDealing Days. 23.3 1Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draft, pay order, credit card etc. in favour of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the Transfer Agent and shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units.Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by chequecheque or bank draft, pay order order, credit card etc. in favor of the Trustee and crossed “Account Payee Only” at the authorized branch or bank draft (crossed A/C payee only)office of any Distribution Company. The Management application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company may make arrangements with copies supplied to accept payments via credit cardsthe Transfer Agent, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed if so required by the Management Company, at the Authorized Branches of the Management Company or officers of any Distribution Company on any Subscription Day. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of Units. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units and after ensuring that the documentation required is complete in all aspects forward the application are verified to the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Unitsreasonable satisfaction. 23.4 Each Holder Unit Holder(s) shall only be liable to pay the Offer Purchase (Offer) Price of the Units subscribed by him in the manner provided in Clause 24 and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against the receipt of full payment. 23.5 An application for issuance purchase of Units shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe the Account Holder / Unit Holder authorize automatic issuance of Units under certain circumstances. 23.6 The 1The Management Company may make arrangements to accept issue requests through electronicshall designate and disclose the location of its official points for acceptance of applications for issuance, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent redemption, conversion, etc of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified units in the Offering DocumentDocument of the Scheme and its website. The Management Company reserves shall receive the right to alter the minimum amount stated hereinabovesaid applications only at such designated points. 23.9 Different types 23.7 1The Management Company shall ensure that all the designated points for acceptance of Units as specified in applications for issuance, redemption, conversion, etc of units of the Offering Document may Scheme have a minimum holding period. Unit holders are advised to talk to an investment professional appropriate date and read time stamping mechanism for timely acknowledgement of the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investmentsaid applications.

Issue of Units. ‌ 23.1 29.1 The Management Company shall be responsible for obtaining all requisite consents and approval approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The 29.2 Except as provided herein the Units shall be offered through at the authorized authorised offices or branches of the Management and Distribution Company (ies) and Management Company’s authorised sales offices on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 29.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it at the authorised branch or office of any Distribution Company together with the payment by cheque, bank draft, pay order or bank draft (order, credit card etc. as the case may be in favour of ”CDC Trustee ABL Cash Fund” and crossed A/C payee only)“Account Payee Only”. The Management application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company may make arrangements with copies supplied to accept payments via credit cardsthe Transfer Agent, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed if so required by the Management Company, at the Authorized Branches of the Management Company or officers of any Distribution Company on any Subscription Day. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of Units. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issue issuance of Units and after ensuring that the documentation required is complete in all aspects forward the application to the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Unitsdocuments submitted therewith. 23.4 29.4 Each Holder Unit Holder(s) shall only be liable to pay the Offer Price of the Units subscribed by him together with a sum sufficient in the manner provided opinion of the Management Company to cover any Duties, Charges, levies, etc. payable in Clause 24 connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued only against the receipt of full payment. 23.5 An application 29.5 The Management Company may impose processing charges for issuance of Units in such manner as it shall be deemed think fit and reasonable. 29.6 An application for purchase of Units shall deem to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe document prescribes automatic issuance of Units under certain circumstances. 23.6 The Management Company may make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent 29.7 No Units shall be issued until full payment of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have Offer Price has been instructed received by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.Trustee

Issue of Units. ‌ 23.1 22.1 The Management Company shall be responsible for obtaining all requisite consents and approval for the offer and issue of Units and for the issue, publication or circulation of the Offering Document. 23.2 22.2 The Units shall be offered through the authorized offices or branches of the Management and Distribution Company (iesCompany(s) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 22.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque, pay order or bank draft (in favour of “CDC — Trustee First Habib Cash Fund” and crossed A/C payee only). The Management Company may make arrangements to accept payments via credit cards, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed by the Management Company, at the Authorized Branches of the Management Company or officers of any Distribution Company on any Subscription DayDay before cutoff time. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of Units. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issue of Units and after ensuring that the documentation required is complete in all aspects forward the application to the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Units. 23.4 22.4 Each Holder shall only be liable to pay the Offer Price of the Units subscribed by him in the manner provided in Clause 24 22.3 and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued only against the receipt of full payment. 23.5 22.5 An application for issuance of Units shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe automatic issuance of Units under certain circumstances. 23.6 22.6 The Management Company may make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) or other meansmeans with proper approval of the Commission. 23.7 22.7 The Management Company with the consent of the Trustee may make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ issue / redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the TrustTrust with proper approval of the commission. 23.8 22.8 At the initial stage, the minimum subscription amount of investment to open an account is five one thousand rupees (PKR 5,000/-1,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 22.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.

Issue of Units. ‌ 23.1 24.1 The Management Company shall be responsible for obtaining all requisite consents and approval approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The 24.2 Except as provided herein the Units shall be offered through at the authorized offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 Application 24.3 1Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by chequecheque or bank draft, pay order order, credit card etc. in favour of the Trustee and crossed “Account Payee Only” at the authorized branch or bank draft (crossed A/C payee only)office of any Distribution Company. The Management application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company may make arrangements with copies supplied to accept payments via credit cardsthe Transfer Agent, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed if so required by the Management Company, at the Authorized Branches of the Management Company or officers of any Distribution Company on any Subscription Day. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of Units. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units is verified by a banker or Broker or other responsible person or otherwise authenticated to its or their reasonable satisfaction. 24.3 1 “ Application for issuance of Units shall be made by completing the prescribed credit card etc. in favour of the Trustee and after ensuring that crossed “Account Payee Only” at the documentation required is complete in all aspects forward authorized branch or office of any Distribution Company. The application for issuance of the application to Units and the specimen signature of each Holder shall be retained by the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards and shall be charged to verify the applicant particulars given in the offer price application for issuance of Units and it shall the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be disclosed signed by him under or in Application Form connection with the application for Purchase issue of Units. 23.4 24.4 Each Holder Unit Holder(s) shall only be liable to pay the Offer Purchase (Offer) Price of the Units subscribed by him together with a sum sufficient in the manner provided opinion of the Management Company to cover any Duties, Charges, levies etc payable in Clause 24 connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against the receipt of full payment. 23.5 An application 24.5 The Management Company may impose processing charges for issuance of Units in such manner as it shall be deemed think fit. 24.6 An application for purchase of Units shall deem to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe document prescribes automatic issuance of Units under certain circumstances. 23.6 The 24.7 1The Management Company may make arrangements to accept issue requests through electronicshall designate and disclose the location of its official points for acceptance of applications for issuance, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent redemption, conversion, etc of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified units in the Offering DocumentDocument of the Scheme and its website. The Management Company reserves shall receive the right to alter the minimum amount stated hereinabovesaid applications only at such designated points. 23.9 Different types 24.8 1The Management Company shall ensure that all the designated points for acceptance of Units as specified in applications for issuance, redemption, conversion, etc of units of the Offering Document may Scheme have a minimum holding period. Unit holders are advised to talk to an investment professional appropriate date and read time stamping mechanism for timely acknowledgement of the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investmentsaid applications.

Issue of Units. ‌ 23.1 25.1 The Management Company shall be responsible for obtaining all requisite consents and approval for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The 25.2 Except as provided herein the Units shall be offered through at the authorized authorised offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 25.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque, pay order cheque or bank draft (crossed A/C payee "Account Payee only). The Management Company may make arrangements to accept payments via credit cards", debit cards, auto debit instructions or in such other form (other than through cash or any bearer instruments) as is prescribed by the Management Company, ) in favour of the MCFSL-Trustee Askari Islamic Asset Allocation Fund at the Authorized Branches of the Management Company authorised branch or officers office of any Distribution Company on any Subscription Day. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the application for issuance of UnitsCompany. The Distribution Company or Transfer Agent shall verify the particulars given in the application for issue of Units and after ensuring ensure that the documentation signature of any Unit Holder or joint Unit Holder to any document required is complete to be signed by him under or in all aspects forward connection with the application for issue of Units is verified by a banker or broker or other responsible person or otherwise authenticated to the Transfer Agent for further processing. Any charge(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Unitsits or their reasonable satisfaction. 23.4 25.4 Each Unit Holder shall only be liable to pay the Offer Price of the Units subscribed by him in the manner provided in Clause 24 and no further liability shall be imposed on him in respect of any Units held by him. The Units shall only be issued only against the receipt of full paymentpayment based on the Offer price of the day when realized funds are credited to the funds‟ bank account. 23.5 25.5 The Management Company may impose processing charges for issuance of units in such manner as it may not exceed 5% of the offer price. 25.6 An application for issuance of Units units shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, Document if such documents prescribe automatic issuance of Units units under certain circumstances. 23.6 25.7 The Management Company may with the approval of the Trustee make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) electronic or other means. 23.7 The Management Company with the consent of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.

Issue of Units. ‌ 23.1 24.1 The Management Company shall be responsible for obtaining all requisite consents and approval approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering DocumentDocuments. 23.2 The 24.2 Except as provided herein the Units shall be offered through at the authorized offices or branches of the Management and Distribution Company (ies) on all Subscription Days during the Initial Offering Period, subject to Clause 24 of this Trust DeedDays. 23.3 24.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by chequecheque or bank draft, pay order or bank draft (order, credit card etc. in favour of the Trustee and crossed A/C payee only). The Management Company may make arrangements to accept payments via credit cards, debit cards, auto debit instructions or in such form (other than through cash or any bearer instruments) as is prescribed by the Management Company, “Account Payee Only” at the Authorized Branches of the Management Company authorized branch or officers office of any Distribution Company on any Subscription DayCompany. Payment in cash shall not be accepted. No person other than the Authorized Branches of the Management Company or officers of any Distribution Company is authorized to accept the The application for issuance of Units. The Distribution Company or the Units and the specimen signature of each Holder shall be retained by the Transfer Agent and shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of UnitsApplication for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draft, pay order, credit card etc. in favour of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Company. The Distribution Company shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units and after ensuring that the documentation required is complete in all aspects forward the application verified by a banker or Broker or other responsible person or otherwise authenticated to the Transfer Agent for further processingits or their reasonable satisfaction. Any charge(s1 24.4 Each Unit Holder(s) on account of payments accepted via credit cards shall be charged to the applicant in the offer price and it shall be disclosed in Application Form for Purchase of Units. 23.4 Each Holder shall only be liable to pay the Offer Purchase (Offer) Price of the Units subscribed by him together with a sum sufficient in the manner provided opinion of the Management Company to cover any Duties, Charges, levies etc payable in Clause 24 connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against the receipt of full payment. 23.5 An application 24.5 The Management Company may impose processing charges for issuance of Units in such manner as it shall be deemed to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if such documents prescribe automatic issuance of Units under certain circumstancesthink fit. 23.6 The Management Company may make arrangements to accept issue requests through electronic, IVR (Interactive Voice Response) or other means. 23.7 The Management Company with the consent of the Trustee make arrangements through branches of banks to facilitate the issue and redemption of Units. A request for issue/ redemption of Units may be accepted through the ATM facility only when the relevant bank branches have been instructed by the Management Company to accept Unit Holders request to purchase or redeem the Units of the Trust. 23.8 At the initial stage, the minimum subscription amount of investment to open an account is five thousand rupees (PKR 5,000/-) or any amount as specified in the Offering Document. The Management Company reserves the right to alter the minimum amount stated hereinabove. 23.9 Different types of Units as specified in the Offering Document may have a minimum holding period. Unit holders are advised to talk to an investment professional and read the Offering Document and Trust Deed before investing, to deem their suitability in any kind of investment.