Redemption or Repurchase Within Seven Days Clause Samples
Redemption or Repurchase Within Seven Days. If Shares are tendered to us for redemption or repurchase by us within seven business days after your acceptance of the original purchase order for such Shares, you will immediately refund to us the full sales commission (net of allowances to dealers or brokers) allowed to you on the original sale, and will promptly, upon receipt thereof, pay to us any refunds from dealers or brokers of the balance of sales commissions reallowed by you. We shall notify you of such tender for redemption within 10 days of the day on which notice of such tender for redemption is received by us.
Redemption or Repurchase Within Seven Days. If Shares are tendered to the Trust for redemption or repurchase by the Trust within seven (7) business days after JNLD's acceptance of the original purchase order for such Shares, JNLD shall revise the dollar amounts relevant to the Class A Distribution Plan and the Class C Distribution Plan accordingly.
Redemption or Repurchase Within Seven Days. If shares of a Portfolio are tendered to the Fund for redemption or are repurchased by the Fund within seven (7) business days after the Distributor’s acceptance of the original purchase order for such shares, the Distributor will immediately refund to the Fund the full amount of any sales commission (net of allowances to dealers or brokers) allowed to the Distributor on the original sale, and will promptly, upon receipt thereof, pay to the Fund any refunds from dealers or brokers of the balance of sales commissions reallowed by the Distributor. The Fund shall notify the Distributor of such tender for redemption within ten (10) days of the day on which notice of such tender for redemption is received by the Fund.
Redemption or Repurchase Within Seven Days. If shares are tendered to the Trust for redemption or are repurchased by the Trust within seven (7) business days after the Underwriter's acceptance of the original purchase order for the shares, the Underwriter shall immediately refund to the Trust the full amount of any sales commission (net of allowances to dealers or brokers) allowed to the Underwriter on the original sale, and shall promptly, upon receipt thereof, pay to the Trust any refunds from dealers or brokers of the balance of sales commissions realized by the Underwriter. The Trust shall notify the Underwriter of such tender for redemption within ten (10) days of the day on which notice of such tender for redemption is received by the Trust.