Prescribed Number of Units definition

Prescribed Number of Units means the number of ETF Units determined by the Manager from time to time for the purpose of subscription orders, exchanges, redemptions or for other purposes.
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Prescribed Number of Units means, in respect of an RBC ETF, the number of Units determined by RBC GAM from time to time, for the purpose of Subscription Orders, Exchange Requests, redemptions or such other purposes as RBC GAM may determine.
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Prescribed Number of Units when used in relation to a Fund that offers ETF Units, means the number of ETF Units determined by the Trustee from time to time for purposes of Subscription Orders, Exchange Requests and other purposes;
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Examples of Prescribed Number of Units in a sentence

  • Any payment in cash only shall be made by delivering cash in an aggregate amount equal to the Series Net Asset Value per Unit of the Prescribed Number of Units of the applicable Fund determined at the next Valuation Time following receipt of the Exchange Request.

  • Subject to Section 5.15, a Unitholder of ETF Units of a Fund shall be entitled, with the consent of the Manager, on any Business Day to exchange either, in the Manager’s discretion, a Basket of Securities or cash for a number of ETF Units of a Fund equal to at least one Prescribed Number of Units, or such other number of ETF Units as the Trustee in its sole discretion may permit, by depositing with the Trustee an Exchange Request for the ETF Units to be exchanged.

Related to Prescribed Number of Units

  • Maximum Number of Securities shall have the meaning given in subsection 2.1.4.

  • Market Capitalization means an amount equal to (i) the total number of issued and outstanding shares of common stock or common equity interests of the IPO Entity on the date of the declaration of the relevant dividend multiplied by (ii) the arithmetic mean of the closing prices per share of such common stock or common equity interests for the 30 consecutive trading days immediately preceding the date of declaration of such dividend.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Capacity Utilization Factor or “CUF” Shall have the same meaning as provided in CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 as amended from time to time. Here, the CUF is expressed in AC terms.