Redemption Fee Clause Samples
A Redemption Fee clause establishes a charge that must be paid when an investor redeems or withdraws their investment from a fund or financial product before a specified period. Typically, this fee is calculated as a percentage of the amount withdrawn and is designed to discourage short-term trading or early withdrawals. By imposing this cost, the clause helps maintain fund stability and protects long-term investors from the negative effects of frequent redemptions.
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Redemption Fee. The Managing Owner will receive a redemption fee, as provided in the Prospectus, of percentage of the Net Asset Value of an Interest of any Series redeemed during the first and second successive six-month periods following the effective date of its purchase. This redemption fee will not be charged if the Limited Owner simultaneously (i) exchanges the redeemed Interest or portion thereof for an Interest of equal value in another Series, or (ii) invests the redemption proceeds in another futures fund sponsored by the Managing Owner and/or its Affiliates.
Redemption Fee. The Managing Owner will receive a redemption fee, as provided in the Prospectus, of a percentage of the Net Asset Value of an Interest of any Series redeemed during the first and second successive six-month periods following the effective date of its purchase. This redemption fee will not be charged if the Limited Owner simultaneously (i) exchanges the redeemed Interest or portion thereof for an Interest of equal value in another Series, or (ii) invests the redemption proceeds in another futures fund sponsored by the Managing Owner and/or its Affiliates. The redemption fees may be waived by the Managing Owner in other circumstances as set forth in the Prospectus.
Redemption Fee. The redemption handling charge shall be calculated pursuant to the rules of the fund managing company/relevant issuing institution and deducted from the trust assets.
Redemption Fee. Upon the Termination Date or the period specified in Article 23, as applicable, the following provisions shall apply in sequential order:
a) There shall be immediately payable from the Associate's Account to the Fund Management Entity a Redemption Fee in accordance with the Management Regulation of the Fund Management Entity.
b) The remaining balance of the Associate’s Account after the Redemption Fee (where applicable) shall if the Associate so directs the Fund Management Entity in writing, be transferred to another pension fund subject to any necessary approval of any governmental authority (if applicable).
c) If the Fund Management Entity determines that payment of the balance of the Associate's Account as determined above involves the sale of investments for which there is at that time no adequate available market, the Fund Management Entity shall consult account owner/ Associate on their intention for cancellation of account, switching of investment allocation/ request for withdrawal. The Fund Management Entity shall then inform Social Security Fund (if government-managed sub-account is involved) or other fund management entities (if transfer of contribution sub-account or preserved sub-account is involved)
Redemption Fee. For the payment of redeemed shares, the AIFM may charge a redemption fee on the new asset value of re- deemed shares in favour of the AIF, the AIFM, the depositary and/or the distributors at home or abroad according to Appendix A "Overview of Funds".
Redemption Fee. We do not charge any fees when you withdraw from your CIS Portfolio(s).
Redemption Fee. For the payment of redeemed units, the Management Company shall charge a redemption fee on the net asset value of the redeemed units in accordance with Annex A “Overview of Sub-Funds”.
Redemption Fee. Concurrently with any redemption of shares of Series C Preferred Stock effected by the Company during the Third Redemption Period, the Company shall pay an additional fee to the holders thereof equal to five percent (5%) of the Redemption Price paid per share. Such fee may be paid, at the option of the Company, in either cash or shares of the Company’s Common Stock to be valued per share at the average of the seven (7) previous daily closing prices for the Company’s Common Stock as reported by OTC Markets.
Redemption Fee. Equitable will collect Redemption Fees on behalf of the underlying portfolios of the Investment Options, in the amounts and in accordance with the rules established by each underlying portfolio. Equitable will remit the Redemption Fee to the underlying portfolios as soon as practicable after collection and in compliance with any period an underlying portfolio has established. For purposes of this Section 9.02, “Redemption Fee” means a charge that is assessed by the underlying portfolio of an Investment Option and paid to the underlying portfolio of the Investment Option when a Participant redeems, sells, or withdraws amounts from an applicable Investment Option in the event that such amounts are held less than a specified period of time. The parties agree that Equitable shall have no responsibility for determining this charge and that this fee may be changed at any time by the Investment Manager of the underlying portfolio.
Redemption Fee. Shipment Charges, should the client applies for commodity physical delivery