Target Index definition
Examples of Target Index in a sentence
In the event a Security is sold pursuant to Section 3.07(a)(x) and the Trust is a RIC, the Depositor may direct the reinvestment of the proceeds of the sale of such Security, to the extent practicable, into any other Securities which are under-represented in the Trust’s portfolio in comparison to their weighting in the Trust’s Target Index.
In the event a Security is sold pursuant to Section 3.07(a)(x) and the Trust has elected to be taxed as a "regulated investment company" as defined in the United States Internal Revenue Code of 1986, as amended, the Depositor may direct the reinvestment of the proceeds of the sale of such Security, to the extent practicable, into any other Securities which are under-represented in the Trust's portfolio in comparison to their weighting in the Trust's Target Index.
In the event a Security is sold pursuant to Section 3.07(a)(x) and the Trust is a RIC, the Depositor may direct the reinvestment of the proceeds of the sale of such Security, to the extent practicable, into any other Securities which are under-represented in the Trust's portfolio in comparison to their weighting in the Trust's Target Index.
The cash received in such exchange and cash proceeds of any such sales shall, in the following priority, be (1) with respect to an Index Trust, reinvested, to the extent practicable, into any Securities which are under-represented in the Trust's portfolio in comparison to their weighting in the Trust's Target Index or (2) with respect to all Trusts, distributed to Unitholders in the manner set forth in Section 3.05.
FIBV advises users to check with certified experts before taking any investment decision.
The Aggregate 20% Equivalent Rent shall then be divided by the aggregate Premises’ square footage for all marinas included in the Marina Index to determine the Target Indexed Rate for the succeeding twelve (12) months of Rent beginning on March 1 (i.e., if the Aggregate 20% Equivalent Rent is $2,800,000 and the aggregate square footage for all marinas in the Marina Index is 1,111,111 square feet, the Target Index Rate would be $2.52 a square foot [$2,800,000 divided by 1,111,111 square feet]).
The Target Index Rate shall be calculated annually by the Lessor in accordance with this paragraph as soon as practicable after December 31 of each calendar year.
For Lease Term Year beginning March 1, 2020, and thereafter, Rent shall equal the then applicable Target Index Rate, rounded to the nearest cent, times the Premises square footage as set forth in this Agreement (i.e., if the Target Index Rate is $2.52 and the Premises is 10,000 square feet the annual Rent would be $25,200.
In the event a Security is sold pursuant to Section 3.07(a)(x) and the Company is a RIC, the Depositor may direct the reinvestment of the proceeds of the sale of such Security, to the extent practicable, into any other Securities which are under-represented in the Company’s portfolio in comparison to their weighting in the Company’s Target Index.
The cash received in such exchange and cash proceeds of any such sales shall, in the following priority, be (1) with respect to an Index Company, reinvested, to the extent practicable, into any Securities which are under-represented in the Company’s portfolio in comparison to their weighting in the Company’s Target Index or (2) with respect to all Companies, distributed to Unitholders in the manner set forth in Section 3.05.