Ring-fence Sample Clauses
Ring-fence. 1. A large-scale selling of units above a certain threshold may cause ring-fencing in a portfolio.
2. Ring-fencing are the separation of large-scale trades and the delayed sale of units in a collective investment scheme. This is to make sure that the sale of a large number of units will not force us to sell the underlying investments at a price that could have a negative impact on investors.
3. We may delay the payment or reinvestment of the proceeds of the sale of units.
4. We cannot be held liable for any market movements as the value used will be based on the date of completing the sell instruction.
Ring-fence of the Borrower's articles of association adopted by written resolution passed on 14 June 2005 is removed or amended where such removal or amendment would have a Material Adverse Effect.
Ring-fence the Borrower will ensure at all times that (i) the Borrower and the Material Subsidiaries directly own not less than 95% of the Consolidated Tangible Assets and (ii) not less than 95% of the EBITDA of the Borrower is directly generated by the Borrower and the Material Subsidiaries;
Ring-fence. 1. A large-scale selling of units above a certain threshold may cause ring-fencing in a fund.
2. Ring-fencing is the separation of large-scale trades and the delayed sale of units in a unit trust. This is to make sure that the sale of a large number of units will not force us to sell the underlying investments at a price that could have a negative effect on investors.
3. We may delay the payment or reinvestment of the proceeds of the sale of units in accordance with notice 573 2003 of CISCA.
4. We cannot be held liable for any market movements as the value used will be based on the date of completing the sell request.