Auction Bids. Prior to Market Close on each Business Day that ReFlow conducts an Auction, ReFlow may establish a Minimum Fee Bid, below which no Fee Bid will be accepted. Any Minimum Fee Bid will be posted on ReFlow’s website. If the Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (a) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b) the Fund’s Fee Bid. The Fund’s submission may be placed, and may be modified or cancelled, by the Fund at any time up until the Market Close. A Cash Bid shall be effective for only one Auction. A Standing Bid shall remain in continuous effect from day to day unless modified or cancelled by the Fund.
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Samples: Participating Fund Agreement (Investment Managers Series Trust), Participating Fund Agreement (Investment Managers Series Trust), Participating Fund Agreement (Advisors Preferred Trust)
Auction Bids. Prior to Market Close on each Business Day that ReFlow conducts an Auction, ReFlow may establish a Minimum Fee Bid, below which no Fee Bid will be accepted. Any Minimum Fee Bid will be posted on ReFlow’s website. If the Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (a) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b) the Fund’s Fee Bid (the “Auction Bid”). The Fund’s submission may be placed, and may be modified or cancelled, by the Fund at any time up until the Market Close. A Cash Bid shall be effective for only one Auction. A Standing Bid shall remain in continuous effect from day to day unless modified or cancelled by the Fund.
Appears in 2 contracts
Samples: Participating Fund Agreement (Capitol Series Trust), Participating Fund Agreement (Capitol Series Trust)
Auction Bids. Prior to Market Close on each Business Day that ReFlow conducts an Auction, ReFlow may establish a Minimum Fee Bid, below which no Fee Bid will be accepted. Any Minimum Fee Bid will be posted on ReFlow’s 's website. If the Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (aof: 1) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b2) the Fund’s 's Fee Bid. The Fund’s 's submission may be placed, and may be modified or cancelled, cancelled by the Fund at any time up until the Market Close. A Cash Bid shall be effective for only one Auction. A Standing Bid shall remain in continuous effect from day to day unless modified or cancelled by the Fund.
Appears in 1 contract
Samples: Participating Fund Agreement (Advisors Inner Circle Fund)
Auction Bids. Prior to Market Close on each Business Day that ReFlow conducts an Auction, ReFlow may establish a Minimum Fee Bid, below which no Fee Bid will be accepted. Any Minimum Fee Bid will be posted on ReFlow’s 's website. If the Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (a) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b) the Fund’s 's Fee Bid (the "Auction Bid"). The Fund’s 's submission may be placed, and may be modified or cancelled, by the Fund at any time up until the Market Close. A Cash Bid shall be effective for only one Auction. A Standing Bid shall remain in continuous effect from day to day unless modified or cancelled by the Fund.
Appears in 1 contract
Auction Bids. Prior to Market Close on each Business Day that ReFlow conducts an Auction, ReFlow may establish a Minimum Fee Bid, below which no Fee Bid will be accepted. Any Minimum Fee Bid will be posted on ReFlow’s 's website. If the Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (a) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b6) the Fund’s 's Fee Bid. The Fund’s 's submission may be placed, and may be modified or cancelled, by the Fund at any time up until the Market Close. A Cash Bid shall be effective for only one Auction. A Standing Bid shall remain in continuous effect from day to day unless modified or cancelled by the Fund.
Appears in 1 contract
Samples: Participating Fund Agreement (Investment Managers Series Trust)