Minimum Trading Amount definition

Minimum Trading Amount means, the minimum number of Certificates that may be traded in a single transaction as specified in the applicable Issue Terms, subject to a minimum of EUR100,000 (or, if the Certificates are denominated in a currency other than euro, the equivalent amount in such currency, determined using the market exchange rate as at the Issue Date).

Minimum Trading Amount means the minimum number of Certificates that may be traded in a single transaction as specified in the applicable Final Terms;

Minimum Trading Amount means, in respect of any Series, the minimum number (if any) of ETC Securities which may be transferred by a an ETC Holder in a single transaction, as specified in the Final Terms.

Examples of Minimum Trading Amount in a sentence

• The number of Certificates which may be transferred by a Certificateholder in a single transaction must be equal to the Minimum Trading Amount and any integral multiple thereof.

• If a Certificateholder holds a number of Certificates less than the Minimum Trading Amount, under the terms of the Certificates, it will not be able to transfer the Certificates it holds, and will be required to hold such Certificates until the Expiration Date.

• Accordingly, investors should not assume that there is liquidity in the market for Certificates by virtue of the issue size of a particular Series.The terms and conditions of the Certificates do not allow a Certificateholder to transfer a number of Certificates less than the Minimum Trading AmountThe terms and conditions of a Certificate only allow a Certificateholder to transfer, in any single transaction, a number of Certificates greater than or equal to the Minimum Trading Amount.

• It should be noted that the Minimum Trading Amount only applies to the amount raised by the Fund before it begins deploying capital in accordance with its Investment Objective and Strategy and not to ongoing performance.

• The Fund’s investment activity in pursuit of the Fund’s investment objective will commence once the Minimum Trading Amount has been attained and shall continue until the Fund is terminated.

• The number of Warrants which may be transferred by a Warrantholder in a single transaction must not be less than the Minimum Trading Amount.

• The Fund’s investment activity in pursuit of the Fund’s Investment Objective will commence once the Minimum Trading Amount has been attained and shall continue until the Fund is terminated.

• One or more Registered Notes may be transferred in whole or in part in a Minimum Trading Amount (provided that following any transfer in part, the notes retained by the transferor must be equal to the Minimum Trading Amount), subject to the transferrestrictions applicable to such Registered Notes as set forth in such Notes.

• In case a Bondholder who, as a result of a partial redemption (as specified in Clause 9.4 and 9.5), holds an amount which is less than the Minimum Trading Amount in his account would need to purchase a principal amount of Bonds such that the aggregated Nominal Amount held by that investor, equals or exceeds the Minimum Trading Amount.

• Transfers of Warrants may not be effected after the exercise of such Warrants pursuant to Condition 4.The number of Warrants which may be transferred by a Warrantholder in a single transaction must not be less than the Minimum Trading Amount.

More Definitions of Minimum Trading Amount

Minimum Trading Amount means €2,000,000. ‘NAV per Participating Share’ means the NAV attributable to a Series Account divided by the number of Lead Series Shares or Subsequent Series Shares, as the case may be, subject to such adjustments, if any, as in the opinion of the Directors may be required to ensure a fair value for each Participating Share. ‘Net Asset Value’ and/or ‘NAV’ means the value of all of the Fund’s assets less all of the Fund’s liabilities determined in accordance with the Articles on each Valuation Day. ‘Nominal Shares’ means the Nominal Shares of the Company with a par value of €0.01 each. ‘Offer’ means the offer of Participating Shares. ‘Offer Period’ means the period, commencing on the date of this PPM and ending at such time when the Director may at the sole and absolute discretion determine, when Participating Shares will be available for issue on Subscription Days. ‘Offer Price’ means €1,000 per Participating Share. ‘Ordinary Shares’ means the Ordinary Shares of the Company with a par value of €1.00 each. ‘Participating Shares’ means the Participating Shares of the Company with a par value of €0.01 each. ‘Participating Shareholder’ means a holder of one or more Participating Shares. ‘Performance Fee’ means a Performance Fee payable to the Investment Director as set out as per Section 8.2.2 of this Private Placement Memorandum. ‘Private Placement Memorandum’ or ‘PPM’ means this private placement memorandum, dated 27th September 2023 relating to the Fund.

Minimum Trading Amount means, the minimum number of Certificates that may be traded in a single transaction as specified in the applicable Issue Terms, subject to a minimum of EUR100,000 (or, if the Certificates are denominated in a currency other than euro, the equivalent amount in such currency, determined using the market exchange rate as at the Issue Date).2. Status of the Certificates The Certificates are direct, unconditional, unsubordinated and unsecured obligations of the Issuer and rank pari passu without any preference among themselves. Claims against the Issuer in respect of Certificates rank at least equally with the claims of its unsecured and unsubordinated creditors (except creditors mandatorily preferred by law). 3. Definitions Words and expressions defined in the Agency Agreement, used in the applicable Issue Terms or defined in the Commodity-linked Conditions shall have the same meanings where used in these Terms and Conditions unless the context otherwise requires or unless otherwise stated and provided that, in the event of inconsistency between the Agency Agreement and the applicable Issue Terms, the applicable Issue Terms shall prevail. In the case of any inconsistency between the applicable Issue Terms and the Conditions, the applicable Issue Terms shall prevail. For the purposes of these Terms and Conditions, the following the following expressions have the following meanings: