Accumulating Class definition

Accumulating Class or “Accumulating Classes” : means a Class or Classes which generally do not pay adividend or other distribution as further detailed in the relevant Supplement. “Administrator” : means the person appointed from time to time by the External Manager by means of a relevant written delegation agreement to provide one or more of the administration functions laid down in Article 6(1)(b)(i) of the AIF Law (if applicable), otherwise such person being at all times the External Manager. “AIF or AlternativeInvestment Fund” : Means collective investment undertakings, includinginvestment compartments thereof, which:(a) raise capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors; and(b) do not require authorisation pursuant to article 9 of the Open Ended Undertakings for Collective Investment Law or pursuant to the legislation of another Member State which harmonises article 5 of Directive 2009/65/EC, it being understood in relation to the Fund as an AIF governed by the provisions of Part II of the AIF Law. “AIFLNP” : means an Alternative Investment Fund with Limited Number of Persons authorized by the CySEC and regulated under the provisions of Part VII of the AIF Law. “AIF Law” : means the Alternative Investment Funds Law 124(I) of 2018 or any Law substituting or amending the same. “AIFM” : means an authorised alternative investment fund manager pursuant to the provisions of the AIFM Law. “AIFM Law” : means the Alternative Investment Fund Managers Law 56(I) of 2013 or any Law substituting or amending the same. ‘AIFM Regulation’ : Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision. “Articles” : means the Memorandum and Articles of Association of the Fund as amended from time to time. “Auditor” : means “statutory auditor”, within the meaning of article 2(1)of the Auditors Law being in relation to the Fund KPMG
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Accumulating Class means any Class in respect of which the Directors have determined not to
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Accumulating Class means a class of Shares in a Fund in respect of which the net income and net capital gains
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Examples of Accumulating Class in a sentence

  • Global Balanced Fund currently offers twelve Share Classes: Accumulating Class C, D, I and R denominated in GBP, Hedged Class C, D, I and R denominated in USD and Hedged Class C, D, I and R denominated in EUR.

  • Global Growth Fund currently offers eight Share Classes: Accumulating Class C, D, I and R denominated in USD and Hedged Class C, D, I and R denominated in GBP.

  • EUR Accumulating Class (H), EUR Distributing Class, EUR Distributing Class (H), GBP Accumulating Class (H), CAD Accumulating Class (H), CAD Distributing Class, CAD Distributing Class (H), CHF Accumulating Class, CHF Accumulating Class (H), CHF Distributing Class, CHF Distributing Class (H), HKD Accumulating Class, HKD Accumulating Class (H), HKD Distributing Class, and HKD Distributing Class (H).

  • EUR Accumulating Class (H), EUR Distributing Class, EUR Distributing Class (H), USD Distributing Class, GBP Accumulating Class (H), GBP Distributing Class (H), CAD Accumulating Class, CAD Accumulating Class (H), CAD Distributing Class, CAD Distributing Class (H), CHF Accumulating Class, CHF Accumulating Class (H), CHF Distributing Class, CHF Distributing Class (H), HKD Accumulating Class, HKD Accumulating Class (H), HKD Distributing Class, and HKD Distributing Class (H).

  • In the case of an Accumulating Class, the net income (i.e., income less expenses) and realised and unrealised gains net of realised and unrealised losses available for distribution will be accumulated and reflected in the Net Asset Value of the relevant Shares.

  • It is the present intention of the Directors not to declare or pay dividends earned by the Fund on the USD Class Shares, USD Accumulating Class Shares, USD II Accumulating Class Shares, GBP Class Shares, GBP Accumulating Class Shares, GBP II Accumulating Class Shares, Euro Class Shares, Euro Accumulating Class Shares and Euro II Accumulating Class Shares and any income will be reinvested and reflected in the value of those Classes.

  • The Directors do not intend to make dividend payments in respect of Accumulating Class Shares of the Fund.The Directors do intend to declare a dividend on a semi-annual basis as at the last Business Day in June and December in respect of the Sterling Income Class Shares, the USD (Hedged) Income Class Shares and the Euro (Hedged) Income Class Shares.

  • They are shown below: Unit class1)Fee for portfolio advisorPP Pension Aktieallokeringsfond - Accumulating Class AApprox.

  • India Fixed Income Opportunities Fund currently offers eight Share Classes: Accumulating Class C and I, Distributing Class D, I and R denominated in USD and Accumulating Class I, Distributing Class D and I denominated in GBP.

  • UK reporting fund status has been obtained in respect of the Sterling Accumulating Class Shares.


More Definitions of Accumulating Class

Accumulating Class means the Sterling Institutional Class (Accumulating) and Units of such other Classes as may be designated by the Directors from time to time;“Act”means the Investment Funds, Companies and Miscellaneous Provisions Act 2005 as may be amended from time to time and any and all applicable regulations or notices made or conditions imposed or derogations granted by the Central Bank thereunder;“Administrator”means SEI Investments – Global Fund Services, Limited or such other company in Ireland as may from time to time be appointed as administrator of the Fund in accordance with the requirements of the Central Bank;“AIFM”means an alternative investment manager under the AIFM Regulations which may be the Manager or a third party;“AIFMD”means the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) as amended;“AIFM Regulations”means the European Union (Alternative Investment Funds Managers) Regulations 2013 (as amended);“AIF Rulebook”means the rulebook issued by the Central Bank as may be amended from time to time which sets out the Central Bank’s regulatory regime for alternative investment funds and other the relevant entities that fall to be regulated under the AIFM Regulations;“Application Form”means the Unitholder account Application Form for each Sub-Fund as may be amended by the Manager from time to time;“Approved Credit Institution”means (i) a credit institution authorised in the European Economic Area (EEA) (i.e. European Union Member States, Norway, Iceland or Liechtenstein); (ii) a credit institution authorised within a signatory state, other than a EU Member State or a Member of EEA, to the Basle Capital Convergence Agreement of July 1988 (i.e. Switzerland, Canada, Japan or the United States); or (iii) a credit institution authorised in Australia, Guernsey, Isle of Man Jersey or New Zealand;“Auditors”means PricewaterhouseCoopers or such other firm of chartered accountants as may from time to time be appointed as auditors to the Fund;“Base Currency”means the base currency of the relevant Sub-Fund, being Sterling, unless otherwise determined by the Directors and disclosed in the Prospectus or as may be specified in a Relevant Supplement;
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Accumulating Class means any class of Shares as designated in the Special Section for the relevant Sub- Fund where no distributions will be made.
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Accumulating Class means any Class in respect of which the Directors have
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Accumulating Class or “AccumulatingClasses” means a Class or Classes which generally do not pay a dividend or other distribution as further detailed in this Prospectus
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Accumulating Class means the Sterling Institutional Class (Accumulating) and Units of
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Related to Accumulating Class

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • Voting Classes means Classes 4 and 5.

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Participating Class Members means all Class Members who do not submit valid

  • Class C Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding Payment Date, to the extent permitted by law, at the Class C Interest Rate for the related Interest Period.

  • Class D Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class D Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on the preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period.

  • Class A Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class A Noteholders’ Interest Distributable Amount for the preceding Payment Date, over the amount in respect of interest that was actually paid on the Class A Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to holders of the Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective interest rates borne by each Class of the Class A Notes for the related Interest Accrual Period.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of the Noteholders’ Principal Distributable Amount for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on the Notes on such previous Distribution Date. Noteholders’ Principal Carryover Shortfall is not used to determine the amount of principal due on the Notes on any Distribution Date, but is used solely for reporting purposes.

  • Class B Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class B Interest Distributable Amount for such Payment Date and any outstanding Class B Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class B Interest Carryover Shortfall at the Class B Rate, to the extent lawful, calculated on the same basis as interest on the Class B Notes for the same period), over (y) the amount of interest distributed to the Class B Noteholders on such Payment Date.

  • Non-Participating Class Member means any Class Member who opts out of the Settlement by sending the Administrator a valid and timely Request for Exclusion.

  • Class B Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of