Net Benefit. A Net Benefit for a particular fund or, in the case of a multi-class fund, a class results when aggregate Benefits exceed aggregate Losses (i.e., net redemptions on a day the fund’s or class’s NAV is understated or net subscriptions on a day the fund’s or class’s NAV is overstated) during the Error Period.
Appears in 135 contracts
Samples: Fund Accounting Agreement (T. Rowe Price International Funds, Inc.), Fund Accounting Agreement (T. Rowe Price Spectrum Funds II, Inc.), Fund Accounting Agreement (T. Rowe Price Institutional Income Funds, Inc.)
