Mutual Fund Rollover Transaction definition

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership will transfer the assets held in the Portfolios to the Mutual Fund on a tax deferred basis in exchange for Mutual Fund Shares and within 60 days thereafter the Mutual Fund Shares will be distributed to the Limited Partners, pro rata among the holders of Units of each Class, on a tax deferred basis (to the extent possible) upon the dissolution of the Partnership.

Mutual Fund Rollover Transaction means the exchange transaction pursuant to which the Partnership intends to transfer its assets to the Designated Mutual Fund in exchange for Mutual Fund Shares.

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership will transfer its assets to a Mutual Fund on a tax-deferred basis in exchange for shares of the Mutual Fund following which, not more than 60 days later, the shares of the Mutual Fund will be distributed to the Limited Partners, pro rata, on a tax-deferred basis upon the dissolution of the Partnership.‘‘Net Asset Value’’ and ‘‘Net Asset Value per Unit’’ have the meanings ascribed to those terms under ‘‘Calculation of Net Asset Value’’.

Examples of Mutual Fund Rollover Transaction in a sentence

• The Performance Bonus Allocation will be paid in cash before the transfer of the assets of the Partnership to the Designated Mutual Fund pursuant to the Mutual Fund Rollover Transaction or if the assets of the Partnership are not transferred to the Designated Mutual Fund, before the dissolution of the Partnership.

• If the Mutual Fund Rollover Transaction is implemented, then pursuant to the Transfer Agreement, the assets of the Partnerships will be transferred to the Mutual Fund Corporation, in exchange for Mutual Fund Shares on a tax-deferred basis, provided appropriate elections are made.

• In connection with the Mutual Fund Rollover Transaction, the Partnerships will be dissolved, and the Limited Partners will receive their pro-rata portion of redeemable Mutual Fund Shares.

• The General Partner may in its sole discretion call a meeting of the Limited Partners to approve the transaction contemplated in the Transfer Agreement and, if such approval is sought, no Mutual Fund Rollover Transaction will be implemented if Limited Partners determine by an Extraordinary Resolution not to proceed with such a transaction.

• If the Mutual Fund Rollover Transaction is implemented, then pursuant to the Transfer Agreement, the assets of the Partnership should be transferred to the Designated Mutual Fund, in exchange for Mutual Fund Shares on a tax-deferred basis, provided appropriate elections are made.

More Definitions of Mutual Fund Rollover Transaction

Mutual Fund Rollover Transaction means a transaction pursuant to which the Partnership would transfer its assets to a Mutual Fund Corporation on a tax-deferred basis in exchange for shares of the Mutual Fund Corporation.

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership may transfer its assets (other than assets that are a “Canadian resource property” as defined in the Tax Act if those assets are real property or an interest therein), such as Offering Shares acquired on the closing of a sale of Investments by the Partnership to an Oil and Gas Company pursuant to an Offer, to a Mutual Fund on a tax-deferred basis in exchange for Mutual Fund Shares and within 60 days thereafter the Mutual Fund Shares will be distributed to the Limited Partners, pro rata, on a tax-deferred basis upon the dissolution of the Partnership.

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership will transfer its assets to a Mutual Fund on a tax deferred basis in exchange for Mutual Fund Shares and within 60 days thereafter the Mutual Fund Shares will be distributed to the Limited Partners, pro rata, on a tax deferred basis upon the dissolution of the Partnership. See “Calculation of Net Asset Value”.

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership will transfer the assets held in the Portfolios to the Mutual Fund on a tax deferred basis in exchange for Mutual Fund Shares and

Mutual Fund Rollover Transaction. ’ means an exchange transaction pursuant to which the Partnership will transfer its assets to DMP Ltd. on a tax-deferred basis in exchange for DMP Resource Class Shares, within 60 days of which, upon the dissolution of the Partnership, the DMP Resource Class Shares will be distributed to the Limited Partners, pro rata, on a tax-deferred basis.

Mutual Fund Rollover Transaction means an exchange transaction pursuant to which the Partnership will transfer its assets to Terra Ltd. on a tax-deferred basis in exchange for Terra Corporate Class Shares, within 60 days of which, upon the dissolution of the Partnership, the Terra Corporate Class Shares will be distributed to the Limited Partners, pro rata, on a tax-deferred basis.

Mutual Fund Rollover Transaction. ’ means an exchange transaction pursuant to which the Partnership will transfer its assets to a Mutual Fund on a tax-deferred basis in exchange for shares of the Mutual Fund following which, not more than 60 days later, the shares of the Mutual Fund will be distributed to the Limited Partners, pro rata, on a tax-deferred basis upon the dissolution of the Partnership.