Common use of Manner of Redemption Clause in Contracts

Manner of Redemption. Redemption from the FUND shall be computed on the basis of the applicable Net Asset Value per unit on the day the redemption is effected. Redemptions from the FUND shall result in the reduction of the TRUSTOR’s proportionate interest in the FUND. Such reductions shall be expressed in units based on the NAVPU. For the effective management of the FUND, the minimum amount for partial redemptions, the minimum holding period, and the required minimum maintaining balance in the FUND are stated in the PLAN(s)/TRUST DEED. Should a redemption result to the investment in the FUND/s falling below the required minimum maintaining balance, the TRUSTEE shall automatically close the account without need of prior notification to the TRUSTOR, in which case, the entire balance of the FUND/s shall be paid through credit to the TRUSTOR/s’ Settlement Account based on the applicable Net Asset Value per unit for the day multiplied by the number of remaining unit holdings. Settlement of redemptions shall be in accordance with what is stated in the PLAN(s)/TRUST DEED of the FUND. Changes thereof shall be subject to Subsection X410.6.

Manner of Redemption. Redemption from the FUND FUND/s shall be computed on the basis of the applicable Net Asset Value per unit on the day the redemption is effected. Redemptions from the FUND Fund shall result in the reduction of the TRUSTOR’s /s’ proportionate interest in the FUNDFund. Such reductions shall be expressed in units Units based on the NAVPU. For the effective management of the FUND/s, the minimum amount for partial redemptions, the minimum holding period, the early redemption fee and the required minimum maintaining balance in the FUND FUND/s are stated in the PLAN(s)/TRUST DEED. Should a redemption result to the investment in the FUND/s falling below the required minimum maintaining balance, the TRUSTEE shall automatically close the account without need of prior notification to balance the TRUSTOR’s participation shall be deemed automatically terminated, in which case, the entire balance of the FUND/s shall be paid through credit to the TRUSTOR/s’ Settlement Account based on the applicable Net Asset Value per unit for the day multiplied by the number of remaining unit holdings. Settlement of redemptions shall be in accordance with what is stated in the PLAN(s)/TRUST DEED of the FUND. /s. Changes thereof shall be subject to Subsection X410.6.