Series Fund definition

Series Fund means a series type mutual fund registered under the Investment Company Act of 1940 ("the Act") as an open-end diversified management investment company.

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Series Fund means a designated mutual fund from which each sub-account of the Separate Account will buy shares.

Series Fund shall refer to the Company solely on behalf of each Series individually to which a particular obligation under the Agreement relates. The responsibilities and benefits set forth in the Agreement shall refer to each Series severally and not jointly. No individual Series shall have any responsibility for any obligation arising out of any Series transaction entered into by any other Series. Without otherwise limiting the generality of the foregoing,

Examples of Series Fund in a sentence

• All monies payable to the Series Trustee under this Section 6.04 shall be secured by a lien on the Series Fund prior to the interest of Unit holders or any other Person.

• The Series Trustee shall be deemed to be the beneficial owner of the income of the Series to the extent such income is required to reimburse the Series Trustee for amounts advanced by it pursuant to this paragraph; amounts payable to the Series Trustee in respect of such advances shall be secured by a lien on the Series Fund prior to the interests of Unit holders and all other Persons.

• Subject to the next succeeding paragraph and subject to payment by such Unit holder of any tax or other governmental charges which may be imposed thereon, such redemption is to be made by payment of cash equivalent to the Unit Value determined on the basis of a Series Fund Evaluation made in accordance with Section 5.01 determined by the Series Trustee on the date of tender, multiplied by the number of Units tendered for redemption (herein called the “Redemption Value”).

• Any moneys payable to the Depositor pursuant to this Section 4.03 shall be secured by a lien on the Series Fund prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Series Trustee under these Standard Terms and Conditions.

• For each day on which the Series Trustee shall make a Series Fund Evaluation it shall also determine the “Unit Value” for such day, which shall equal such Series Fund Evaluation divided by the number of Units outstanding on such day.

• The Series Trustee shall be deemed to be the beneficial owner of the assets of the Series Fund to the extent of any such advances pursuant to this paragraph; amounts payable to the Series Trustee in respect of such advances shall be secured by a lien on the Series Fund prior to the interests of Unit holders or any other Person.

• The reimbursement provided for in this Section shall be for the account of the Unit holders of record at the conclusion of the Organization Expense Period and shall not be reflected in the Series Fund Evaluation computed pursuant to Section 5.01 or the computation of Unit Value prior thereto.

• Subject to payment by such Rollover Unit holder of any tax or other governmental charges which may be imposed thereon, such redemption is to be made in-kind pursuant to Section 5.02 by distribution of cash and/or Securities to the Distribution Agent on the redemption date equal to the net asset value (determined on the basis of the Series Fund Evaluation as of the redemption date in accordance with Section 4.01) multiplied by the number of Units being redeemed (herein called the “Rollover Distribution”).

• For each Evaluation, the Depositor shall also confirm and furnish to the Series Trustee, on the basis of the information furnished to the Depositor by the Series Trustee as to the value of all assets of the Series Fund other than Securities, the calculation of the Series Fund Evaluation to be computed pursuant to Section 5.01.

• Any moneys payable to the Portfolio Supervisor pursuant to this Section 3.16 shall be secured by a lien on the Series Fund prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Series Trustee under these Standard Terms and Conditions.

More Definitions of Series Fund

Series Fund means a series type mutual fund registered under the Investment Company Act of 1940 as an open-end diversified management investment company.

Series Fund or “Fund” shall mean the assets of a Series created by the applicable Series Trust Agreements, which shall consist of Securities held pursuant and subject to these Standard Terms and Conditions, the applicable Series Trust Agreement and the Master Trust Agreement, together with all undistributed income or other amounts received or accrued thereon, any undistributed cash held in the Income and Capital Accounts or otherwise realized from the sale, redemption, liquidation or maturity thereof. Such amounts as may be on deposit in the Reserve Account as hereinafter established shall be excluded from the Series Fund.

Series Fund means a series type mutual fund registered under the Investment Company Act of 1940 as an open-end diversified management investment company. "SERVICING OFFICE" means the Company's office which administers this policy. As of this policy's Date of Issue, the address of the Servicing Office is as shown on the back cover of this policy. The address may be changed from time to time by us. We will send written notice of any such change to your last known address. "SUBACCOUNT" means a Variable Account or a Fixed Account. "SURRENDER VALUE" is defined in Section 11. "VALUATION DATE" means any date on which we are open for business, the New York Stock Exchange is open for trading, and on which a Series Fund values the shares of its Funds. "VALUATION PERIOD" means the period of time from the beginning of the day following a Valuation Date to the end of the next following Valuation Date. "VARIABLE ACCOUNT" means each division, with a specific investment objective, of a Separate Account. The assets of each Variable Account are invested solely in shares of the corresponding Fund of a Series Fund. The terms "WE", "US", and "OUR" refer only to the Company. The term "WRITTEN NOTICE" means, unless otherwise stated, a written notice received at our Servicing Office or, if permitted by our administrative practices, an electronic mail message ("e-mail") received at our Servicing Office. The terms "YOU" and "YOUR" refer only to the Owner of this policy. E0500V