Fund Loss definition

Fund Loss refers to a situation where a Fund has either paid excessive redemption proceeds as a result of an overstatement of the NAV or received insufficient subscription proceeds as a result of an understatement of the NAV. When such a Fund Loss occurs, the individual Shareholders effecting transactions received a corresponding benefit (a “Shareholder Benefit”).
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Fund Loss means any loss, liability, damage, cost or expense of the Fund of any kind (including but not limited to any diminution in the value of the assets of the Fund or the deprivation of any gain to which the Fund would otherwise be entitled).
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Fund Loss which means the amount of any As-Of Transaction Loss that results on the relevant business day from an individual As-Of Transaction assigned a Fund Responsibility Code;
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Examples of Fund Loss in a sentence

  • Xxxxxx shall not be liable for any Shareholder Loss, Fund Loss or Net Fund Loss Amount in the absence of X.X. Xxxxxx’x negligence.

  • X.X. Xxxxxx shall not be liable for any Unitholder Loss, Fund Loss or Net Fund Loss Amount in the absence of X.X. Xxxxxx’x negligence, fraud or willful misconduct.

  • If the Fund incurred a Net Fund Loss Amount, the Customer will be responsible for obtaining reimbursement for such loss from the responsible person or persons, which may include X.X. Xxxxxx.


More Definitions of Fund Loss

Fund Loss means any Loss of the Fund.
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Related to Fund Loss

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Simulated Loss means the excess of the Carrying Value of an oil or gas property over the amount realized from the sale or other disposition of such property.

  • Unrealized Loss attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of (a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date) over (b) the fair market value of such property as of such date (as determined under Section 5.5(d)).

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Sections 6.2(b)(i)(A), 6.2(b)(ii)(A) and 6.2(b)(iii) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.