Determination of the Unit Price of a Sub-Fund. The Unit Price that applies in respect of allocations to or redemptions from a Sub-Fund as at a Dealing Day shall be calculated (to the 4th decimal place) by MPF by dividing the Net Asset Value of the relevant Sub-Fund (as calculated by MPF as at that Dealing Day in accordance with Clause 6.1) by the total number of Contribution Units in that Sub-Fund which prior to that Dealing Day had been allocated to Policyholders under the terms of MPF Policies.
Appears in 3 contracts
Samples: Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance, Contract of Linked Long Term Insurance
Determination of the Unit Price of a Sub-Fund. The Unit Price that applies in respect of allocations to or redemptions from a Sub-Fund as at a Dealing Day shall be calculated (to the 4th decimal place) by MPF by dividing the Net Asset Value of the relevant Sub-Fund (as calculated by MPF as at that Dealing Day in accordance with Clause 6.1) by the total number of Contribution Units in that Sub-Fund which prior to that Dealing Day had been allocated to MPF Policyholders under the terms of MPF Policies.
Appears in 1 contract
Samples: Reinsurance Agreement
