Cancellation of Contribution Units. After receipt of a Retirement Benefit Notice, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formula: V = N times UP (adjusted) Wherein:
Appears in 3 contracts
Samples: Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance
Cancellation of Contribution Units. After receipt of a Retirement Benefit NoticeRedemption Instruction, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formula: V = N times UP (adjusted) Wherein:
Appears in 3 contracts
Samples: Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance
Cancellation of Contribution Units. After receipt of a Retirement Benefit Notice, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formulaformula (as relevant, depending on whether the Sub-Fund is a Forward Priced Sub-Fund or an As-of Sub-Fund):: V = (N times UP (adjustedUP) minus Anti-Dilution Levy Wherein:
Appears in 1 contract
