Monthly Redemption Price definition

Monthly Redemption Price shall have the meaning set forth in Section 6(a) hereof.
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Monthly Redemption Price means the amount received by a Unitholder who properly surrenders a Unit for redemption on a Monthly Redemption Date;
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Monthly Redemption Price. ’ means the lesser of:
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Examples of Monthly Redemption Price in a sentence

  • For unitholders whose Class U units are redeemed on a Monthly Redemption Date, the Redemption Price per Class U unit will be the U.S. dollar amount calculated as the Class A Monthly Redemption Price (converted to U.S. dollars on the Monthly Redemption Date) multiplied by a fraction, the numerator of which is the net asset value per Class U unit and the denominator of which is the net asset value per Class A unit (converted to U.S. dollars on the Monthly Redemption Date).

  • Notwithstanding the foregoing, the Class T Monthly Redemption Price with respect to a Class T Unit being redeemed on such date will not be greater than 100% of the NAV per Class T Unit on the Monthly Redemption Date.Pursuant to the Declaration of Trust, the Fund may allocate and designate as payable any capital gains realized by the Fund as a result of any disposition of property of the Fund undertaken to permit or facilitate the redemption of Units to a Unitholder whose Units are being redeemed.

  • Notwithstanding the foregoing, the Class A Monthly Redemption Price with respect to a Class A Unit being redeemed on such date will not be greater than 100% of the NAV per Class A Unit on the Monthly Redemption Date.

  • Notwithstanding the foregoing, the Monthly Redemption Price with respect to a Unit being redeemed on such date will not be greater than the NAV per unit on the Monthly Redemption Date.Pursuant to the Declaration of Trust, the Fund may allocate and designate as payable any capital gains realized by the Fund as a result of any disposition of property of the Fund undertaken to permit or facilitate the redemption of Units to a Unitholder whose Units are being redeemed.

  • Shareholders shall be entitled to receive a price per share (Monthly Redemption Price) equal to the lesser of 90% of the market price of the shares on the principal market on which the shares are quoted for trading during the 20-trading-day period ending immediately before the Monthly Redemption Date, and 100% of the closing market price on the principal market on which the shares are quoted for trading on the Monthly Redemption Date.

  • Unitholders shall be entitled to receive a price per unit (Monthly Redemption Price) equal to the lesser of 90% of the market price of the units on the principal market on which the units are quoted for trading during the 20-trading-day period ending immediately before the Monthly Redemption Date, and 100% of the closing market price on the principal market on which the units are quoted for trading on the Monthly Redemption Date.

  • Notwithstanding the Monthly Redemption Price formula above, at no time, will the Fund pay out redemption proceeds greater than the Fund’s NAV per share as determined on the Monthly Redemption Date for each share being redeemed on such Monthly Redemption Date.

  • Notwithstanding the Monthly Redemption Price formula above, at no time, will the Trust pay out redemption proceeds greater than the Trust’s NAV per unit as determined on the Monthly Redemption Date for each unit being redeemed on such Monthly Redemption Date.

  • If the Company has deliver Monthly Redemption Notice in accordance with Section 5(c), the Company shall deliver the Monthly Redemption Price, in cash, within three (3) Trading Days following the Company Monthly Redemption Notice Date.

  • As a component of this analysis, Florida law designates a benchmark debt ratio, calculated as the annual debt service as a percentage of available revenues, and establishes a six percent target as well as a seven percent maximum cap.

Related to Monthly Redemption Price

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;

  • Early Redemption Amount (k) means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Final Redemption Value means the Underlying Reference Value.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Early Redemption Amount (Tax) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;