Umbrella Cash Account definition

Umbrella Cash Account means (a) a cash account designated in a particular currency opened

Umbrella Cash Account means any single umbrella cash account in the name of the Company;

Umbrella Cash Account means any single umbrella cash account in the name of the Company; “Unhedged Share Class” means any Share Class that does not include “(Hedged)” in its name; “United Kingdom” or “UK” means England, Northern Ireland, Scotland and Wales;

Examples of Umbrella Cash Account in a sentence

• Therefore in such circumstances, the Shareholder may not recover all monies originally paid into an Umbrella Cash Account for onward transmission to that Shareholder.

• Subscription monies received in respect of a Sub-Fund in advance of the issue of Shares will be held in the umbrella cash account (Umbrella Cash Account) in the name of the ICAV and will be treated as a general asset of the relevant Sub-Fund.

• Shareholders due dividend monies which are held in an Umbrella Cash Account will rank equally with all other unsecured creditors of the relevant Fund and will be entitled to a pro-rata share of monies which are made available to all unsecured creditors by the insolvency practitioner.

• Redeeming Shareholders and Shareholders entitled to such distributions will be unsecured creditors of the relevant Sub-Fund, and will not benefit from any appreciation in the Net Asset Value of the Sub-Fund or any other Shareholder rights (including further dividend entitlement), with respect to the redemption or distribution amount held in the Umbrella Cash Account.

• Pending redemptions and distributions, including blocked redemptions or distributions, will, pending payment to the relevant Shareholder, be held in the Umbrella Cash Account in the name of the ICAV.

More Definitions of Umbrella Cash Account

Umbrella Cash Account means (a) a cash account designated in a particular currency opened in the name of the Company on behalf of all Funds into which (i) subscription monies received from investors who have subscribed for Shares are deposited and held until Shares are issued as of the relevant Dealing Day; or (ii) redemption monies due to investors who have redeemed Shares are deposited and held until paid to the relevant investors; or (iii) dividend payments owing to Shareholders are deposited and held until paid to such Shareholders.

Umbrella Cash Account means a cash account opened in the name of the ICAV

Umbrella Cash Account means the account in the name of the Company through

Umbrella Cash Account means a cash account opened at umbrella level in the name of the

Umbrella Cash Account means any single umbrella cash account in the

Umbrella Cash Account means a cash account designated in a particular

Umbrella Cash Account means a cash account designated in a particular currency opened at umbrella level in the name of the ICAV through which subscriptions, redemptions or dividends payable to or from the relevant Fund will be channeled and managed.