Allocation of Units. The allocation of Units among the Managing Dealer and any such other Soliciting Dealers shall, subject to the terms and conditions herein set forth, be made by the Partnership, with approval of the Managing Dealer, in their sole discretion. The Partnership reserves the right to notify each Sales Agent by telegram or by other means of the number of Units reserved for sale for each Sales Agent. Such Units will be reserved for sale until the time specified in such notification. Sales of any reserved Units after the time specified in the notification or any requests for additional Units will be subject to rejection by the Partnership, in whole or in part.
Allocation of Units. If the Contribution is received by local cheque/DD (payable at par where the Contribution is received) after 15:00 hrs on a Business Day, the closing NAV of next Business Day shall be used. If the Contribution is received by any other authorized mode, the closing NAV of Business Day on which such payment is realised shall be used. However, the first Contribution received by the Company along with the Application will be used to buy Units in the Unit-Linked Funds as per the Group Policyholder’s Premium Allocation Instruction using the NAV of the respective Unit Linked Funds, as applicable on the day the Application is completed and results into the Group Policy. Net Asset Value (NAV) for each Unit Linked Fund offered by the Company is computed on a daily basis, i.e., on every Business Day. If there is no valuation done on a Business Day due to market closure, then the valuation date will be the date when the next valuation is done. 5.3 Redemption of Units Requests for payment of benefits or surrender or the Group Policy, switching of Units or re-direction of Contribution shall be processed by cancellation of Units held in the Account by using the NAV, provided that: • If the request is received on or before 15:00 hrs on a Business Day, the same day’s closing NAV shall be used. • If the request is received after 15:00 hrs on a Business Day, the closing NAV of the next Business Day shall be used. The valuation is done on a daily basis, i.e. on every Business Day. However if there is no valuation done on a Business Day due to market closure, then the valuation date will be the date when the next valuation is done. The assets to which the Unit Linked Funds are referenced, will be valued every day and will be based on whether the Company is purchasing or selling the assets on a net basis in order to meet the day to day cash flow requirements. The Company will make all decisions about the selection and valuation of the assets to which a Unit Linked Fund is referenced subject to the Regulatory Guidelines in this regard. Calculation of Net Asset Values under a Unit Linked Fund: 5.4
Allocation of Units. Amounts are added to your Plan Account Value in respect of each Asset by the creation of additional Units in respect of that Asset to reflect the amount of your Asset Choices allocated to that Asset. The number of Units will be calculated at the Offer Price of the Underlying Asset at the next appropriate Valuation Day or using the prices available as soon as reasonably practicable may be obtained from or published by Metis, and such Units to be created:
Allocation of Units. Upon receipt of property transferred to the Fund, the Trustee shall determine the number of Fund Units allocable to such property pursuant to Section
Allocation of Units. As of the Effective Date, all issued and outstanding Units of the Company are held by the Members as set forth on the cap table of the Company as recorded in the books and records of the Company.
Allocation of Units. Each Member shall, upon making his, her or its required Capital Contribution, be allocated Units in the Company as set forth on Schedule 1. As of the date hereof, the Company has issued a total of 715,909 Class A Units; 178,969 Class B Units, and the Company has reserved for issuance 100,000 Class C Units to management and other service providers of the Company. Each class of Units shall have the rights as described in this Agreement. Upon approval of the Board, the Company may also enter into warrant agreements for the purchase of Class A or Class B Units in the future upon terms so described in such agreements. Further, an additional 62,500 Class A Units will be reserved for future issuance for purchase by Members on Schedule 1 and an additional 14,610 Class A Units will be reserved for future issuance upon the exercise of warrants by Members of Schedule 1. Except as otherwise provided in this Agreement or required by law, the holders of the Class C Units shall not hold any voting rights. The Board shall promptly amend the Register from time to time to reflect the admission or withdrawal of Members, the sale, grant, issuance or redemption of Units or the receipt of additional Capital Contributions, and any such amendment shall be effective as of the date of the event necessitating such amendment. The Company may (if elected by the Board) issue certificates representing the Units (“Certificated Units”). The Company may issue fractional Units. Units shall only be issued in compliance with all applicable securities laws and, if applicable, pursuant to an exemption from the prospectus and registration requirements of securities laws.
Allocation of Units. Each Member shall have the right to sell a portion of its Units of the same class to be sold by the Transferring Member pursuant to the Proposed Transac- tion which is equal to or less than the product obtained by multiplying the total number of Units of such class available for sale to the Buyer subject to the Proposed Transaction by a fraction, the numerator of which is the total number of Units of such class owned by such Member and the denominator of which is the total number of Units or such class held by all Members, including the Transferring Member, as of the date of the Offer Notice.
Allocation of Units. Upon receiving the first payment and delivery of moneys and securities to the Fund, the Trustee shall divide the Fund into such number of units of equal value as, in its discretion, it may determine and shall allocate to each Participant the number of such units proportionate to the value as determined in accordance with Article V. Property subsequently paid in to the Fund shall be equal to a multiple of the then value of such units and the number of units then to be issued shall be calculated accordingly.
Allocation of Units. Any Contribution received under this Group Policy will be converted into Units based on the Net Asset Value per Unit prevailing on the date of allocation of Units, and credited to the Group Policy Holder’s Account. The unit allocations may be made up to 1/10000th of a unit or such other fraction as the company may, in its sole discretion, decide from time to time. The nominal value of the Units is Rs.10 each. 5.3
Allocation of Units. The allocation of Units among the any Soliciting Dealers shall, subject to the terms and conditions herein set forth, be made by the Pool, in its sole discretion. The Pool reserves the right to notify each Sales Agent by telegram, fax or by other means of the number of Units reserved for sale for each Sales Agent. Such Units will be reserved for sale until the time specified in such notification. Sales of any reserved Units after the time specified in the notification or any requests for additional Units will be subject to rejection by the Pool, in whole or in part.
