Examples of Functional Currency in a sentence
The Administrator will generally remit repurchase proceeds (net of the costs of remittance) by wire transfer as directed by the Unitholder in the Functional Currency within four Business Days following the relevant Repurchase Day, subject to the receipt of the applicable sale proceeds of the Notes.
Units must be paid for in the Functional Currency unless the Manager otherwise determines in any particular case.
The Administrator will calculate the Net Asset Value and the Net Asset Value per Unit in the Functional Currency of the Series Trust as at the close of business on each Valuation Day.
The Service Provider shall ensure that the Finance System(s) records all Financial Data in the Functional Currency of TfL which as at the date of this Agreement is pounds sterling (GBP).
The Service Provider shall ensure that all Financial Data is recorded in the Functional Currency of TfL which as at the date of this Agreement is pounds sterling (GBP).