Class II Shares definition

Class II Shares. 25 bps, on an annualized basis, of the average daily account value of all assets in the Portfolios in connection with the Contracts held in Class II shares (“Aggregated Assets”), provided, however, that the fee is subject to change pursuant to Paragraph (c) below. The fee (the “Total Fee”) shall include and not be in addition to the payment by IDI of the 12b-1 fees received by IDI from Ivy VIP relating to the Aggregated Assets. (c) Reductions in 12b-1 Fees. If a change in the law or the Board of Trustees of Ivy VIP requires a reduction in the fees paid by a pooled investment vehicle pursuant to Rule 12b-1 of the Investment Company Act of 1940 (or its functional equivalent), and if Ivy VIP is required to reduce the 12b-1 fees it pays that are based upon the value of the Aggregated Assets as a result of such change in the law or Board action, then there shall be a corresponding reduction in the amount of the Total Fee due pursuant to the above.
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Class II Shares bps, on an annualized basis, of the Aggregated Assets of the Contracts held in Class II shares.
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Class II Shares means the Class II Shares, par value US$0.0001 per share, of the Company.
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Examples of Class II Shares in a sentence

  • The Company agrees to pay, with respect to each Portfolio, to the Insurance Company at the end of each month an amount equal to 0.15% of the average daily net asset value of the Class II Shares or 0.25% of the average daily net asset value of the Class III Shares of such Portfolio held by the Insurance Company separate accounts during that month.

  • The fee will be calculated based on the average daily net assets invested in Class II Shares of the applicable Portfolio(s) under the Contracts over a calendar quarter (which shall be computed by totaling daily balances during the quarter and dividing such total by the actual days in the quarter).

  • In addition, with respect to each such Series, the Class I Shares, Class II Shares, Class III Shares, Class IV Shares, Class V Shares, Class VI Shares, Class VII Shares and Class VIII Shares which each such Series may issue from time to time, shall be, and are hereby, established and designated, which Classes shall have the respective rights and preferences as are set forth in Exhibit 3.6 attached hereto as it may be amended from time to time by the Board of Trustees.

  • Class II Shares shall be entitled to the shareholder services set forth from time to time in the Series' prospectus with respect to Class II Shares.

  • Class II Shares are subject to fees calculated as a stated percentage of the net assets attributable to Class II shares under the Class II Rule 12b-1 Distribution Plan as set forth in such Distribution Plan.

  • Class II Shares are sold at net asset value per share without the imposition of an initial sales charge.

  • Class II Shares are not subject to a CDSC upon redemption regardless of the length of the period of time such shares are held.

  • Transfer agency fees are allocated to Class II Shares on a per account basis except to the extent, if any, such an allocation would cause the Trust or the Series to fail to satisfy any requirement necessary to obtain or rely on a private letter ruling from the IRS relating to the issuance of multiple classes of shares.

  • Each Fund of the Trust may from time to time issue one or more of the following classes of shares: Class I Shares, Class II Shares, Class III Shares, Class IV Shares, Class V Shares, Class VI Shares, Class VII Shares, Class VIII Shares and Class M Shares.

  • Each Fund of the Trust may from time to time issue one or more of the following classes of shares: Class I Shares, Class II Shares, Class III Shares, Class IV Shares, Class V Shares, Class VI Shares, Class VII Shares and Class VIII Shares.


More Definitions of Class II Shares

Class II Shares. 40 bps, on an annualized basis, of the average daily account value of all assets in the Portfolios in connection with the Contracts held in Class II shares ("Aggregated Assets"), provided, however, that the fee is subject to change pursuant to Paragraph (b) below. The fee (the "Total Fee") shall include and not be in addition to the payment by IDI of the 12b‑1 fees received by IDI from Ivy VIP relating to the Aggregated Assets.
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Class II Shares means the voting interests in the Company designated Class II Shares as provided on Schedule A hereto.
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Class II Shares has the meaning set forth in the Recitals. ---------------
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Class II Shares means, subject to the discretion of the Directors and to meeting the applicable
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Related to Class II Shares

  • Class I Shares means Class I Shares in the Company as set forth in the relevant

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Class C Shares means shares of the Class C Common Stock.

  • Class II means the class of directors of the Board of Directors with a term expiring at the annual meeting of stockholders of the Company in 2001 and every third annual meeting thereafter.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class III vehicles constructed exclusively for the carriage of seated passengers;

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Class B Preferred Shares means class B preferred shares of Pembina;

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series A Shares means Series A currency hedged mutual fund shares and/or Series A non-currency hedged mutual fund shares of a fund, as applicable.