Seed Capital Units definition

Seed Capital Units means the amount invested or arranged by the Pension Fund Manager as initial investment in each Sub-Fund of the Pension Fund. This investment will be kept for a minimum period of three years from the date of investment or as determined by the Commission;
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Seed Capital Units means such Units of any Sub-Fund that are issued to the Seed Investors with the condition that they are not redeemable, transferable or tradable for a period of three (3) years from the date of issue or as may be determined by the Commission. Save for this restriction, Seed Capital Units shall all rank pari passu with all other Units;
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Examples of Seed Capital Units in a sentence

  • Seed Capital Units have been issued to the Seed Investor as under: Name of Sub-Fund The Seed Capital Units subscribed by the Seed Investor have been issued at a par value of Pakistan Rupees One Hundred per Unit (Rs. 100/-Unit) and shall not be redeemable/ transferable or tradable for a minimum period of three (3) years from the date of issue or as maybe determined by the Commission.

  • All Units shall be issued in a non-certificated form, except the Seed Capital Units that may be issued in a certificated form, if required by the Core Unit Holders.

  • They shall only be redeemable in case of retirement (including retirement in the instance of disability), premature encashment/redemption, death of the Participant, and change of pension fund manager, change of Allocation Schemes and/or rebalancing of the portfolio/ Allocation Schemes.The initial Par value of the Units of each of the Sub-Funds is Pakistan Rupees One Hundred (Rs. 100), which is applicable only to the subscription of the Seed Capital Units.

  • The initial Par value of the Units of each of the Sub-Funds is Pakistan Rupees One Hundred (Rs. 100), which is applicable only to the subscription of the Seed Capital Units.

  • Seed Capital Units have been issued to the Seed Investor as under: Name of Sub-FundNo of Units (Seed Capital Units)Initial Par Value of each Unit (PKR)Amount (PKR Millions)HBL IPF Equity Sub-Fund The Seed Capital Units subscribed by the Pension Fund Manager have been issued at a par value of Pakistan Rupees One Hundred per Unit (Rs. 100/ Unit) and shall not be redeemable for a period of 3 years from the date of issue or as maybe determined by the Commission.

  • Seed Capital Units have been issued to the Seed Investor as under: The Seed Capital Units subscribed by the Pension Fund Manager have been issued at a par value of Pakistan Rupees Hundred per Unit (Rs. 100/ Unit) and shall not be redeemable for a period of three (3) years from the date of issue or as maybe determined by the Commission.

  • These costs are being amortised over a period of three years commencing from the date of complete receipt of proceeds against Seed Capital Units subscribed by the Seed Investor as per the requirements set out in the Trust Deed of the Fund.

  • Seed Capital Units have been issued to the Seed Investor as under: Name of Sub-FundNo. of UnitsInitial Par Value of each Unit (PKR)Amount (PKR in Millions)AGPF Equity Sub-Fund300,000 The Seed Capital Units subscribed by the Seed Investor have been issued at a par value of Pakistan Rupees One Hundred per Unit (Rs. 100/ Unit) and shall not be redeemable/ transferable or tradable for a period of three (3) years from the date of issue or as maybe determined by the Commission.

  • Seed Capital Units have been issued to the Seed Investor as under: Name of Sub-FundNo. of UnitsInitial Par Value ofeach Unit (PKR)Amount (PKR inMillions)AGPF Equity Sub-Fund300,000 The Seed Capital Units subscribed by the Seed Investor have been issued at a par value of Pakistan Rupees One Hundred per Unit (Rs. 100/ Unit) and shall not be redeemable/ transferable or tradable for a period of three (3) years from the date of issue or as maybe determined by the Commission.

  • The General Partner shall be authorized to make such reasonable rules and regulations as, from time to time, it may consider necessary or desirable in connection with the establishment of record dates and the documentation required to record assignments of Seed Capital Units and other matters.