Anti-Dilution Adjustment means a percentage charge determined by the Manager that is charged: on a Dealing Day where there are net subscriptions into the Fund and which will be included in the Net Asset Value per Unit which is the Issue Price. This charge reflects the costs incurred by the Fund in purchasing additional portfolio securities upon the subscription for Units in the Fund; or on a Dealing Day where there are net redemptions from the Fund and which will be included in the Net Asset Value per Unit which is the Realisation Price. This charge reflects the costs incurred by the Fund in disposing of portfolio securities to meet the redemption requests. The charge shall not exceed in any event 2% of the value of subscription or redemption, as the case may be, and in both cases the charge shall be paid into or retained by the Fund, as the case may be, in order to discharge the typical costs of dealing in the underlying investments of the Fund, such as dealing spreads, dealing charges, fees and taxes; In certain jurisdictions an Anti-Dilution Adjustment is referred to as a swing pricing adjustment; Anti-Dilution Adjustment is further described under the headings “Issue of Units” and “Redemption of Units” below“Business Day”means a day (other than Saturday) on which banks in Hong Kong are open for normal banking business provided that where as a result of a Number 8 Typhoon Signal, Black Rainstorm warning or other similar event, the period during which banks in Hong Kong are open on any day is reduced, such day shall not be a Business Day unless the Manager and the Trustee otherwise determine“Code”unless the context otherwise requires, means Section I - the Overarching Principles Section and Section II - Code on Unit Trusts and Mutual Funds of the SFC Handbook for Unit Trusts and Mutual Funds, or any handbook, guideline and code issued by the Commission, as may be amended from time to time“CSRC”means China Securities Regulatory Commission“Dealing Day”means each Business Day“FATCA”means the Foreign Account Tax Compliance Act of the United States, as further described in the “Taxation” section“Fund”means the FSSA China All Cap Fund“Government and other public securities”means any investment issued by, or the payment of principal and interest on which is guaranteed by a government, or any fixed-interest investment issued by its public or local authorities or other multilateral agencies“HK dollars” or “HK$”means the lawful currency of Hong Kong“HSBC ITS”means HSBC Institutional Trust...
Anti-Dilution Adjustment shall have the meaning described in Section 10(a).
Anti-Dilution Adjustment means a percentage charge determined by the Manager that is charged:
Examples of Anti-Dilution Adjustment in a sentence
The Conversion Price is subject to Full Ratchet Anti-Dilution Adjustment.
Where an Anti-Dilution Levy is charged, the Directors will not apply an Anti-Dilution Adjustment.
As the costs of dealing can vary with market conditions, the level of the Anti-Dilution Adjustment many also vary.
The amount of the Anti-Dilution Adjustment is paid into the Funds for the protection of continuing Shareholders in the Funds.
An Anti-Dilution Adjustment may be payable by the Shareholder in respect of a subscription and a redemption from time to time as determined by the Investment Manager (which Anti-Dilution Adjustment shall not exceed 2 per cent of the subscription or redemption monies (as the case maybe) obtained on the Dealing Day on which the subscription or redemption (as the case maybe) is effected).
More Definitions of Anti-Dilution Adjustment
Anti-Dilution Adjustment means the adjustment by way of an addition or deduction (as
Anti-Dilution Adjustment shall have the meaning set forth in Section 6.2.
Anti-Dilution Adjustment means a percentage charge determined by the Investment Manager that is
Anti-Dilution Adjustment. The New Warrants shall be subject to anti-dilution protection regarding the Exercise Price and number of New Common Shares to be issued upon the exercise of the New Warrants only for (i) corporate structural events (e.g., for recapitalizations, reclassifications, splits, reverse splits, reorganizations, consolidations, mergers, stock dividends and similar dilutive or structural transactions), (ii) dividends or distributions made to equity holders, (iii) issuances of equity or equity-linked securities materially below fair market value (the determination of “materially below fair market value,” in each case, shall be made by the New Board, acting in good faith consistent with its fiduciary duties) to affiliates and/or then-existing holders of equity of Reorganized Core Scientific and (iv) repurchases or redemptions of equity or equity-linked securities at a price greater than fair market value. Expiration Date: 3 years after the Effective Date Termination Date: The New Warrants shall be deemed terminated and canceled for all purposes without further notice to or action of any Person or Entity upon the earlier to occur of either of the following: (a) the date a Liquidity Event where the Reorganized Core Scientific shareholders receive solely cash in exchange for their New Common Shares is consummated; or (b) the Expiration Date. Upon termination of the New Warrants, all rights and obligations of the Reorganized Debtors and the holders of the New Warrants shall terminate and be of no further force or effect.
Anti-Dilution Adjustment shall have the meaning set forth in Section 7.2.2.
Anti-Dilution Adjustment means such sum, as the Responsible Person or its delegate considers appropriate taking into account the interests of Shareholders of the relevant Sub- Funds, to cover dealing costs incurred when transacting to cover Shareholder dealing and for no other purpose.