Price of Units. The Units will be issued under the Offering at a price equal to their Net Asset Value per Unit determined in accordance with the Declaration of Trust of the Fund on the Valuation Date next following the acceptance of this application by the Manager on behalf of the Fund or, if accepted prior to 4:00 p.m. (Toronto time) on the Valuation Date, on that Valuation Date. A "Valuation Date" is the last business day in each month and such other day as the Manager may designate for a Fund as the Valuation Date.
Appears in 5 contracts
Samples: Subscription Agreement, Subscription Agreement, Marret Equity Hedge Fund
