Auction Amount. On each Business Day that ReFlow conducts an Auction, ReFlow shall establish an Initial Auction Amount, equal to the amount of cash it will make available that day to purchase shares of Participating Funds. The Initial Auction Amount, plus any cash received from Automatic Redemptions (as defined below in Section II.5) and Voluntary Redemptions equal the Final Auction Amount.
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Samples: Participating Fund Agreement (Investment Managers Series Trust), Participating Fund Agreement (Advisors Preferred Trust), Participating Fund Agreement (Capitol Series Trust)
Auction Amount. On each Business Day that ReFlow conducts an Auction, ReFlow shall establish an Initial Auction Amount, equal to the amount of cash it will make available that day to purchase shares of Participating Funds. The Initial Auction Amount, plus any cash received from Automatic Redemptions (as defined below in Section II.5) and Voluntary Redemptions shall equal the Final Auction Amount.
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Samples: Participating Fund Agreement (Advisors Inner Circle Fund)
Auction Amount. On each Business Day that ReFlow conducts an Auction, ReFlow shall establish an Initial Auction Amount, equal to the amount of cash it will make available that day to purchase shares Shares of Participating Funds. The Initial Auction Amount, plus any cash received from Automatic Redemptions (as defined below in Section II.511.5) and Voluntary Redemptions equal the Final Auction Amount.
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