Calculation of Net Asset Value of a Series. Net Asset Value of a Series will be estimated as required. Upon request, on any Business Day, the Managing Owner shall make available to any Limited Owner the estimated Net Asset Value of a Series per Interest. Each Limited Owner shall be notified of any decline in the estimated Net Asset Value of a Series per Interest to less than 50% of the Net Asset Value of a Series per Interest as of the end of the immediately preceding Valuation Point within seven Business Days of such occurrence. Included in such notification shall be a description of the Limited Owners’ voting rights as set forth in Section 8.2 hereof.
Appears in 3 contracts
Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series E), Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series D), Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series F)
Calculation of Net Asset Value of a Series. Net Asset Value of a Series will be estimated as required. Upon request, on any Business Day, the Managing Owner shall make available to any Limited Owner the estimated Net Asset Value of a Series per Interest. Each Limited Owner shall be notified of any decline in the estimated Net Asset Value of a Series per Interest to less than 50% of the Net Asset Value of a Series per Interest as of the end last day of the immediately preceding Valuation Point month within seven (7) Business Days of such occurrence. Included in such notification shall be a description of the Limited Owners’ voting rights as set forth in Section 8.2 hereof.
Appears in 2 contracts
Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Series A), Declaration of Trust and Trust Agreement (World Monitor Trust Series B)
