Common use of Allocation of Contribution Units Clause in Contracts

Allocation of Contribution Units. After the closure of the initial allocation of Contribution Units in a Sub-Fund, after receipt of a Contribution Instruction, MPF shall allocate Contribution Units in the relevant Sub-Fund to the Trustee as at the Dealing Day specified in the Contribution Instruction in accordance with the following formula: N = P divided by UP (adjusted) Wherein:

Allocation of Contribution Units. After the closure of the initial allocation of Contribution Units in a Sub-Fund, after receipt of a Contribution Instruction, MPF shall allocate Contribution Units in the relevant Sub-Fund to the Trustee Insurer as at the Dealing Day specified in the Contribution Instruction in accordance with the following formula: N = P divided by UP (adjusted) Wherein: