Annual Retraction Date definition

Annual Retraction Date means the second last Business Day of November of each year. The Annual Retraction Date will not apply in any year in which a special retraction right has been exercised.
Annual Retraction Date means the second last business day of November, other than in the year in which the Maturity Date occurs.
Annual Retraction Date means the second last business day of December.

Examples of Annual Retraction Date in a sentence

  • The Preferred shares and Class A shares must both be surrendered for retraction at least 10 business days prior to the Annual Retraction Date.

  • Where there is no UIC, this obligation should fall to the ADSE and/or licenced operator.

  • The Preferred Shares and Class A Shares must both be surrendered for retraction at least 10 business days prior to the Annual Retraction Date.

  • A holder of Class A Shares may concurrently retract an equal number of Class A Shares and Preferred Shares on the Annual Retraction Date of each year at a retraction price per Unit equal to the NAV per Unit on that date, less any costs associated with the retraction, including commissions and other such costs, if any, related to the liquidation of any portion of the Portfolio required to fund such retraction.

  • For the annual retractions of Class A shares and Preferred shares, the Fund receives notice at least 10 business days prior to the Annual Retraction Date and has up to 10 business days after the Annual Retraction Date to settle the retractions, which gives the Manager time to sell securities, although there may not be sufficient time to sell the securities at a reasonable price.


More Definitions of Annual Retraction Date

Annual Retraction Date means the second last Business Day of May of each year, commencing in 2023, other than in a year that contains a Maturity Date.
Annual Retraction Date means the second last business day of the month of March, other than in the year in which the Maturity Date occurs.
Annual Retraction Date means the second last business day of June of each year, other than in the year in which the Maturity Date occurs.
Annual Retraction Date means the second last Business Day of the month of March, other than in a year which contains a maturity date, commencing in 2016.
Annual Retraction Date means the second last Business Day of November of each year, other than in a year which contains a Maturity Date, commencing in 2021.
Annual Retraction Date means the second last Business Day of June, other than in a year which contains a Maturity Date, commencing in 2019.
Annual Retraction Date means the second last business day of November.