AVERAGE DAILY ASSETS definition

AVERAGE DAILY ASSETS means, as to a Monthly Period (as defined in Section 9 below) an amount equal to the sum of the daily market value of that portion of the assets of the Fund that have been allocated to the Sub-Adviser pursuant to Section 3(a)(i) below for each calendar day in the Monthly Period divided by the number of days in the Monthly Period;
Sample 1Sample 2Sample 3
AVERAGE DAILY ASSETS means the daily average of net assets calculated on the basis of assets at the close of each day in the period.
Sample 1Sample 2
AVERAGE DAILY ASSETS for any time period means the sum of the daily net assets invested by you on behalf of your employee benefit plan clients through Omnibus Accounts under the Agreement in Retail Funds for each calendar day in such period divided by the number of calendar days in such period.
Sample 1

Related to AVERAGE DAILY ASSETS

  • Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.