Reinvestment Option definition

Reinvestment Option means the election available to investors to have all (but not part) of a distribution of income reinvested in further units in a Distributing Fund.
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Reinvestment Option means a Member’s election to receive additional Units at the then current Unit Price in lieu of an interim, non- liquidating cash Distribution. Any Units purchased by Members via the Reinvestment Option will be considered, for purposes of any Redemption Requests, to have the same purchase date as the original date of purchase of the Units for which the Reinvestment Units are associated. Subject to the Manager’s right to terminate the Reinvestment Option at any time, Members have the option of either having such Distributions paid out or having such Distributions reinvested into additional Membership Units at the then-current Unit Price.
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Reinvestment Option means the reinvestment option referred to in clause 2.3.2;
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Examples of Reinvestment Option in a sentence

  • Any Units purchased by Members via the Reinvestment Option shall be considered, for purposes of any Redemption requests, to “tag along” with the original date of purchase of the Units for which the Reinvestment Units are associated.

  • Any Units purchased by Members via the Reinvestment Option shall be purchased at the prevailing Unit Price.

  • The Manager may suspend or terminate the Reinvestment Option at any time in its sole discretion.

  • Any Units purchased by Members via the Reinvestment Option shall be considered, for purposes of any Redemption requests, to “tag-along” with the original date of purchase of the Units for which the Reinvestment Units are associated.

  • Any Unit holder who does not effectively elect the Reinvestment Option shall receive a Cash Distribution.

  • If the stockholders of SPT approve the Plan Reinvestment Option, then upon confirmation of the Plan, SPT will instruct SPT’s counsel to commence preparation of the Definitive Agreements.

  • In order to address these risks, Citadel has agreed to guarantee the obligations of Reading under the Standby Credit Agreement (the "Citadel Guarantee"), and to pledge to ▇▇▇▇▇▇ Capital its interest in the ▇▇▇▇▇▇ Sales Proceeds and, should it choose to exercise its Citadel Reinvestment Option, its resultant interest in the Buyer (the "Reinvestment Interest"), in each case to secure its obligations under the Citadel Guarantee.

  • The Reinvestment Option has been fixed at an exchange rate of R7,00 to US$1, which is the exchange rate used to determine the number of Special Convertible Preference Shares to be issued to Holdings Trust.

  • It is also acknowledged that, in the event that Citadel chooses to exercise its Citadel Reinvestment Option and to use the Reinvestment Funds to fund such exercise, ▇▇▇▇▇▇ Capital will be deferring until July 29, 2007 its right to otherwise receive, as drawdowns under the Standby Line of Credit, that portion of the proceeds from the ▇▇▇▇▇▇ Property used to so fund the Citadel Reinvestment Option.


More Definitions of Reinvestment Option

Reinvestment Option means the reinvestment option referred to in 2.3.2;
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