Incremental Subscription definition

Incremental Subscription means a subscription in the minimum amounts set out in the section titled “Subscriptions and Redemptions” (or in Appendix V or a relevant Supplement in respect of a given Fund) where an Applicant is a Shareholder at the time of making the relevant Application, or such other amounts as the Directors may from time to time determine in their sole discretion.

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Incremental Subscription means the incremental amount of Subscription fees on a Subscription order that either increases the annual value of a pre-existing Subscription or renews a pre-existing Subscription in an amount that exceeds the annual value of the pre-existing Subscription, other than an increase that is attributable solely to a Subscription Pricing Increase. If an existing Perpetual License is converted to a Subscription, only the portion that is incremental to the existing run rate for Support (calculated at the highest annualized run rate in effect in the preceding twelve months) will be considered an Incremental Subscription.

Incremental Subscription means a subscription of (i) USD 10,000 (or currency equivalent) in respect of Class A Shares if the Applicant is a Shareholder at the time of making the Application. Hong Kong Investors must subscribe for a minimum subscription of USD 65,000 (or Euro or CHF equivalent). Saudi Arabian Investors must subscribe for a minimum subscription USD value equivalent to SAR 1,000,000 (or Euro or CHF equivalent); or (ii) USD 100,000 (or currency equivalent) in respect of Class B Shares if the Applicant is a Shareholder at the time of making the Application or (iii) such other amounts as the Directors may from time to time determine in their sole discretion.

Examples of Incremental Subscription in a sentence

• Exhibit E; Page 2 ACTIVE/96105181.2 Incremental Subscription means the incremental amount of Subscription fees on a Subscription order that either increases the annual value of a pre-existing Subscription or renews a pre-existing Subscription in an amount that exceeds the annual value of the pre-existing Subscription, other than an increase that is attributable solely to a Subscription Pricing Increase.

• If an existing Perpetual License is converted to a Subscription, only the portion that is incremental to the existing run rate for Support (calculated at the highest annualized run rate in effect in the preceding twelve months) will be considered an Incremental Subscription.

• Renewal Subscriptions will be counted only to the extent that they are an Incremental Subscription.