Issue of Units. 23.1 The Management Company shall be responsible for obtaining all requisite consents and approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering Documents.
Issue of Units. Units shall be issued on each valuation day (issue day) at the net asset value per unit of the respective unit class of the UCITS plus the issue premium, if any, and plus taxes and charges, if any. The units are not securitized. Subscription requests must be received by the depositary on the acceptance deadline by the latest. If a subscription request is received after the acceptance deadline, it will be processed on the next following issue day. Purchase or redemption requests submit- xxx to distributors in Liechtenstein or abroad may be subject to earlier deadlines in or- der to assure that they can be forwarded to the depositary in Liechtenstein in a timely manner. On request, the respective distributors will provide pertinent information. Infor- mation on the issue day, the acceptance deadline, and the maximum issue premium, if any, is provided in Annex A "The UCITS at a glance". The payment must be received within 3 banking days after the respective issue day. The management company shall assure that the issue of units shall be booked on the basis of a net asset value per unit that is not known to the investor at the time of the re- quest (forward pricing). All taxes and fees incurred in conjunction with the issue of units shall be charged to the investor as well. If units are purchased via banks that are not entrusted with the distribu- tion of the units, it cannot be excluded that such banks will charge additional transac- tion costs. If the payment is made in a currency other than the reference currency, the equivalent value from the conversion of the payment currency into the reference currency, less expenditures if any, shall be credited for the purchase of units. The trust agreement: Art. 7 Issue of units The minimum investment to be held by an investor in a specific unit class is indicated in Annex A "The UCITS at a glance". The minimum investment may be waived at the dis- cretion of the Management Company. Contributions in kind are not permitted. The depositary and/or the management company and/or the distributor may at any time reject a subscription request or temporarily limit or suspend or discontinue the issue of units if this appears to be necessary in the public interest or to protect the manage- ment company or the UCITS or the investors. In this case, the depositary will instantly re- fund, less interest, incoming payments for subscription requests that have yet to be ful- filled, and for this purpose may enlist the help of the paying ...
Issue of Units. 12 Section 2.04. Form of Certificates........................................................................12 Section 2.05. Deposit of Additional Securities............................................................12 Section 2.06. Register of Units...........................................................................14
Issue of Units. 14 (A) The Manager shall have the exclusive right to create and issue Units that constitute the Trust on behalf of the Trust. Units shall be issued and created only on a Dealing Day. The Manager shall not be bound to accept any application for Units having a total face value of less than Rupees Ten Thousand (Rs. 10,000/-). Notwithstanding the above, the Manager shall have an absolute discretion to accept or not to accept in whole or in part any application for Units. The Units shall be issued at the Issue Price. No fractions of Units shall be issued. Provided however that the Manager may in computing the number of Units to be issued in any given instance, issue Units that are rounded off to two decimals or as may be otherwise decided on by the Manager.
Issue of Units. Initially, Units may be purchased on the Initial Subscription Day at the Initial Subscription Price. Thereafter, Units are available at the Subscription Price on each Subscription Day.
Issue of Units. Initially, Units may be purchased on the Initial Subscription Day at the Initial Subscription Price. Thereafter, Units are available at the Subscription Price on each Subscription Day. The Management Company has absolute discretion to accept or reject in whole or in part any application for Units. Consequently, the Management Company reserves the right to reject subscription applications from investors that do meet the eligibility requirements of a particular Class.
Issue of Units. By executing the Reference Trust Agreement, the Trustee will thereby acknowledge receipt of the deposit relating to the Trust to which such Reference Trust Agreement relates, referred to in Section 2.01, and simultaneously with the receipt of said deposit, will either (a) record on its books for the account of the Depositor the aggregate number of Units of the Trust issued in exchange therefor or (b) execute Certificates substantially in the form above recited representing the ownership of all Units of the Trust, as specified in Part II of the Reference Trust Agreement and deliver same to the Depositor. The number of Units may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositor, which revised number of Units shall be recorded by the Trustee on its books. The Trusts created by this Indenture are separate and distinct trusts for all purposes and the assets of one such trust may not be commingled with the assets of any other nor shall the expenses of any such trust be charged against the other. The Units or Certificates therefor representing the ownership of a fractional undivided interest in one Trust shall not be exchangeable for Units or certificates representing the ownership of an undivided fractional interest in any other.
Issue of Units. 5 Section 2.4. Certain Contracts Satisfactory.............................................................6 Section 2.5. Deposit of Additional Securities...........................................................6
Issue of Units. The Trustee hereby acknowledges receipt of the deposit referred to in Section 2.1, and simultaneously with the receipt of said deposit, pursuant to the Depositors' direction, has registered on the registration books of the Trust the ownership by the Depositors of such Units or, if requested by the Depositors, the ownership by DTC of all of such Units and will cause such Units to be credited at DTC to the account of the Depositors or, pursuant to the Depositors' direction and as hereafter provided, the account of the issuer of the letter of credit referred to in Section 2.01. The Depositors shall not sell, pledge, hypothecate or otherwise transfer such Units, prior to the effectiveness of the registration statement covering the Units filed with the Securities and Exchange Commission under the Securities Act of 1933, except that the Depositors may place the Units as security for any letter of credit provided in connection with the deposit of contracts described in Section 2.1. The number of Units may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositors, on any day on which the Depositors are the only Unitholders, which revised number of Units shall be recorded by the Trustee on its books.
Issue of Units. By executing the Reference Trust -------------- Agreement, the Trustee will thereby acknowledge receipt of the deposit relating to the Trust to which such Reference Trust Agreement relates, referred to in Section 2.1, and simultaneously with the receipt of said deposit, pursuant to the Depositors' written direction, will register on the registration books of the Trust the ownership by the Depositors of such Units or, if requested by the Depositors, the ownership by DTC of all of such Units and will cause such Units to be credited at DTC to the account of the Depositors or, pursuant to the Depositors' direction and as hereafter provided, the account of the issuer of the letter of credit referred to in Section 2.01. The Depositors shall not sell, pledge, hypothecate or otherwise transfer such Units, prior to the effectiveness of the registration statement covering the Units filed with the Securities and Exchange Commission under the Securities Act of 1933, except that the Depositors may place the Units as security for any letter of credit provided in connection with the deposit of contracts described in Section 2.1. The number of Units may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositors, on any day on which the Depositors are the only Unitholders, which revised number of Units shall be recorded by the Trustee on its books.
