Operating Currency definition

Operating Currency means United States dollars, the operating currency of the Trust Fund.
Sample 1Sample 2Sample 3

Examples of Operating Currency in a sentence

  • If the total actual expenses described below exceeds the total of Operating, Administrative and Services Expenses and the Operating Currency Hedged Share Class Fee set for each sub-fund and Share class, the excess of such expenses above such annual percentage will be borne directly by the Management Company or its affiliates, and equally the Management Company or its affiliates may retain any surplus.

  • Operating Currency Hedging Fees cover the fees of the Administration Agent or other appointed parties relating to the execution of the currency Hedged Share Class policy for the Currency Hedged Share Classes as described in “Profile of the Typical Investor Categories”.The maximum rate for (i) and (ii) together for Class A, B, E, I, J, L, M, N, P, R, S, X, Y, Z and ZP Shares is 1.0%.

  • SPECIAL VOTING PROCEDURES OF CLASS SHAREHOLDERS Shareholders who hold different classes of Shares are class Shareholders.

  • Operating Currency Hedging Fees cover the fees of the Administration Agent or other appointed parties relating to the execution of the currency hedging policy for the currency hedged Share Classes and currency overlay Share Classes as “Profile of the Typical Investor Categories”.The maximum rate for (i) and (ii) together for Class A, B, E, I, J, L, M, N, P, R, S, X, Y, Z, YP and ZP Shares is 1.0%.

  • If the total actual expenses described below exceeds the total of Operating, Administrative and Services Expenses and the Operating Currency Hedging Fee set for each sub-fund and Share class, the excess of such expenses above such annual percentage will be borne directly by the Management Company or its affiliates, and equally the Management Company or its affiliates may retain any surplus.

  • If any application is not accepted in whole or in part, the application monies or (where an application is accepted in part only) the balance thereof will be returned (without interest) in the applicable Operating Currency by telegraphic transfer to the originating account at the expense of the applicant.

  • Operating Currency Hedging Fees cover the fees of the Administration Agent or other appointed parties relating to the execution of the currency Hedged Share Class policy for the Currency Hedged Share Classes as “Profile of the Typical Investor Categories”.The maximum rate for (i) and (ii) together for Class A, B, E, I, J, L, M, N, P, R, S, X, Y, Z and ZP Shares is 1.0%.

  • Operating, Administrative and Servicing Expenses / Operating Currency Hedging Fees The Company pays to the Management Company a fee to cover certain Operating, Administrative and Servicing Expenses.

  • Operating Currency Euro.Redemption Day means the first Business Day of each calendar month, or such other dayor days as shall be so specified by the Directors and notified to Shareholders.

  • However, share and integration of knowledge within networks has not been explored effectively in literature (Leiponen, 2006).

Related to Operating Currency

  • Fiat Currency means a currency issued by a country's government or central bank.

  • First Currency has the meaning specified in Section 1.15.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Termination Currency means United States Dollars.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Available Currency means Dollars.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Other Currency has the meaning specified in Section 1.15.

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Index Currency means USD.

  • Foreign Currency means any currency or currency unit issued by a government other than the government of The United States of America.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.