Minimum Holding Amount definition
Minimum Holding Amount means in respect of each Sub-Fund or Class, the minimum amount required to be held by Unitholders after a partial redemption of Units as may from time to time be specified by the Management Company and set out in Annex A.
Minimum Holding Amount shall initially mean one hundred thousand dollars ($100,000.00); provided, however, that the Board of Directors of ▇▇▇▇▇▇▇ may alter such amount in its reasonable discretion from time to time. After the date of this Agreement, any new Stockholder must be able to reach the Minimum Holding Amount in such time as prescribed by the Board of Directors.
Minimum Holding Amount means in respect of each Sub-Fund or Class, the minimum amount required
Examples of Minimum Holding Amount in a sentence
It is expected that a Unitholder’s remaining investment in the Class will be at least the Minimum Holding Amount as set out in in Annex A for each Sub-Fund, which amount is subject to waiver, decrease or increase by the Management Company.
The Management Company may redeem compulsorily all or some of the Units held by any Unitholder if the value of the Unitholder’s aggregate holding of Units in the Class falls below the Minimum Holding Amount.
More Definitions of Minimum Holding Amount
Minimum Holding Amount has the meaning assigned to such term in Section 6.04(a).