UNIT VALUES Sample Clauses

UNIT VALUES. A Participant's participation in one or more Subaccounts of VCA-24 will be reflected in Units of each such Subaccount.
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UNIT VALUES. 210 2.4 Subaccounts Included . . . . . . . . . . . . . . 210
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UNIT VALUES. The Club will operate its accounting system based on unit values. Members’ investments at regular meetings will be used to purchase units in the club based on the most recent valuation statement. Members’ investments that are late will be used to purchase units based on the valuation statement prepared for the next regular meeting. All withdrawals will follow the rules set forth elsewhere in this agreement. Annual Audit At the end of each year, the president will appoint an audit committee to inspect the club’s books of account. The treasurer will meet with the committee and make all club records available to them. Upon completion of the audit, the committee will notify the remaining partners of the results at the next meeting. This audit will also be used to satisfy bonding requirements of the NAIC.
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UNIT VALUES. The Club will operate its accounting system based on unit values. Members’ investments at regular meetings will be used to purchase units in the club based on the most recent valuation statement. The club valuation shall be calculated by the Treasurer on the Friday before the monthly meeting. Members’ investments that are late will be used to purchase units based on the valuation statement prepared for the next regular meeting. All withdrawals will follow the rules set forth elsewhere in this agreement. A nnual Audit At the end of each year, the president will appoint an audit committee to inspect the club’s books of account. The treasurer will meet with the committee and make all club records available to them. Upon completion of the audit, the committee will notify the remaining partners of the results at the next meeting. This audit will also be used to satisfy bonding requirements of the NAIC. L imit of Club Size The size of the club shall be limited to a maximum of 25 members at any one time. The secretary will maintain a waiting list of any potential members that would like to join the club when an opening is available. M ember’s Expectations Each partner must : - be a NAIC member by having a current membership in another NAIC club, having a current membership in this club, or having a current NAIC individual membership. - own a copy of the NAIC/BetterInvesting Stock Selection Guide Software or equivalent. - have a subscription to the Stock Data feed. - agree to follow the NAIC policies and guidelines - understand that all meetings of the NAIC Mid-Michigan Model Investment Club will be open for observation. - participate in at least 1 industry study and 1 educational presentation annually (except for the president) - follow the fundamentals of 1 or more stocks as assigned by the president (except for the president and treasurer), including reporting to the club O fficers, Nominations and Elections The partnership shall elect each year at the regular February meeting a President, First Vice-President, Second Vice-President, Secretary and Treasurer. The President shall be responsible for delegating duties not specified in this agreement to any and all officers. In addition the President, after his/her election, shall appoint at the February meeting an Assistant Secretary, an assistant Treasurer, a Trader, a backup Trader, a Portfolio Manager and an Assistant Portfolio Manager. Nominations for the elected officers shall be submitted at the regular Janua...
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UNIT VALUES. The company will operate its accounting system based on unit values. The unit value will be established by BIVIO, the company’s accounting software program, and reflected on the valuation statement prepared from its website and presented at the monthly meeting by the Financial Member. All withdrawals will follow the rules as set forth elsewhere in this agreement.
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UNIT VALUES. Place unit values on all approved courses in accordance with the established unit schedule in this policy.
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Related to UNIT VALUES

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Account Value The term “Account Value” is defined as the policy value determined in accordance with the terms of the Annuities.

  • Constant Net Asset Value If the Trust or any Series or Class holds itself out as a money market or stable value fund, the Trustees shall have the power to reduce the number of outstanding Shares of the Trust or such Series or Class by reducing the number of Shares in the account of each Shareholder on a pro rata basis, or to take such other measures as are not prohibited by the 1940 Act, so as to maintain the net asset value per share of the Trust or such Series or Class at a constant dollar amount.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

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