Examples of Auction Amount in a sentence
If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the increase in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount.
If the Fund is a Winning Fund, ReFlow shall purchase an amount of Shares equal to the Auction Bid Dollar Amount if there is sufficient cash available from the Final Auction Amount after purchasing Shares of other Winning Funds who submitted higher Fee Bids than the Fund.
The Initial Auction Amount, plus any cash received from Automatic Redemptions (as defined below in Section II.5) and Voluntary Redemptions equal the Final Auction Amount.
On each Business Day that ReFlow conducts an Auction, ReFlow shall establish an Initial Auction Amount, equal to the amount of cash it will make available that day to purchase Shares of Participating Funds.
The Winning Fee Rate shall be the lowest fee rate bid at which the entire Final Auction Amount can be invested.