Series Unit Value definition

Series Unit Value means, in respect of any particular Series of a Fund, the portion of the Net Asset Value of the Fund attributable to such Series determined from time to time in the manner set out in this Master Declaration of Trust;
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Series Unit Value means the net asset value per Unit of a given Series of Units of the Fund determined in accordance with Article 3;
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Examples of Series Unit Value in a sentence

  • On each Valuation Date, the Trustee shall determine, in respect of a Fund, the net asset value of the Fund, the net asset value of each Series of the Fund and the Series Unit Value of each Series of Units of the Fund as at the Valuation Time on such Valuation Date.

  • Subject as hereinafter provided, the Trustee may agree with a Participant (an “Eligible Participant”) to reduce the management fee otherwise payable by the Fund to the Trustee, to the extent attributable to the Series Unit Value of Units owned by the Eligible Participant, on condition that an amount equal to such reduction be paid by the Fund to the Eligible Participant.

  • Any applicable redemption fee, short-term trading fee or other fee shall be deducted from any payment of the Series Unit Value of the Units withdrawn otherwise payable on the withdrawal.

  • The Series Unit Value established at any time and from time to time by or under the authority of the Trustee shall be conclusive and binding upon all Participants in that Series, including former Participants who have withdrawn Units.

  • Within three (3) Business Days following each Valuation Date of a Fund, the Trustee shall issue to Participants in the Fund whose notices requesting admission have been implemented on such Valuation Date, the Units of the Series subscribed for by them at the Series Unit Value determined hereunder on such Valuation Date and amounts equal to the aggregate Series Unit Value of the Units so issued shall be paid into such Fund.

  • Management Fee DistributionsSubject as hereinafter provided, the Trustee may agree with a Participant (an “Eligible Participant”) to reduce the management fee otherwise payable by the Fund to the Trustee, to the extent attributable to the Series Unit Value of Units owned by the Eligible Participant, on condition that an amount equal to such reduction be paid by the Fund to the Eligible Participant.

  • Management Fee Distributions Subject as hereinafter provided, the Trustee may agree with a Participant (an “Eligible Participant”) to reduce the management fee otherwise payable by the Fund to the Trustee, to the extent attributable to the Series Unit Value of Units owned by the Eligible Participant, on condition that an amount equal to such reduction be paid by the Fund to the Eligible Participant.

  • In the case of the Funds other than RBC Top Funds, subject as hereinafter provided, the Trustee may agree with a Participant (an “Eligible Participant”) to reduce the management fee otherwise payable by the Fund to the Trustee, to the extent attributable to the Series Unit Value of Units owned by the Eligible Participant, on condition that an amount equal to such reduction be paid by the Fund to the Eligible Participant.

  • The Trustee may establish a time of day by which Subscription Orders or Exchange Requests must be received by the Trustee in order to be implemented at the Series Unit Value determined at the next Valuation Time, subject to a Distribution Price Adjustment, as applicable.

  • Upon payment to the redeeming unitholder of the Series Unit Value (which, for greater certainty shall include any amount payable pursuant to Section 6.01(4)), the Trustee shall be discharged from all liability to the unitholder in respect of the Units redeemed.

Related to Series Unit Value

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • ACCUMULATION UNIT VALUE The Accumulation Unit Value for each Sub-Account was set initially at $10. Subsequent Accumulation Unit Values for each Sub-Account are determined by multiplying the Accumulation Unit Value for the immediately preceding Valuation Period by the Net Investment Factor for the Sub-Account for the current period.

  • Common Stock Price means, with respect to the Company and each of the Peer Companies, as of a particular date, the average of the Fair Market Value over the 15 consecutive trading days ending on, and including, such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided, however, that if such date is the date upon which a Transactional Change of Control occurs, the Common Stock Price of a share of common stock as of such date shall be equal to the fair value, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Change of Control for one share of Common Stock.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Net Consideration Per Share means the amount equal to the total amount of consideration, if any, received by the Company for the issuance of such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities, plus the minimum amount of consideration, if any, payable to the Company upon exercise or conversion thereof, divided by the aggregate number of shares of Common Stock that would be issued if all such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities were exercised, exchanged or converted.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(ii) below) and the holders of not less than 50% in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Adjusted Value as used in subdivision (d) means:

  • Stock Price shall have the meaning specified in Section 14.03(c).

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Share Dilution Amount means the increase in the number of diluted shares outstanding (determined in accordance with GAAP applied on a consistent basis, and as measured from the date of the Issuer’s most recent consolidated financial statements prior to the Signing Date) resulting from the grant, vesting or exercise of equity-based compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock split, reclassification or similar transaction.

  • Ending Stock Price means the average of the closing price of the applicable stock for the 90 calendar days up to and including the last day of the Performance Period.