Valuation and unit transactions Sample Clauses

Valuation and unit transactions. Art. 26 Calculation of the net asset value per unit The net asset value ("NAV") per unit of the AIF/of a unit class is calculated by the AIFM or its authorised representative on the respective valuation date as well as for the end of the financial year (valuation due date). The calculation of the NAV takes current account statements and valuations of an SPV used into consideration. The high number of bank holidays between 22 December and 7 January each year may result in distortions in the valuation prices of the fund’s target investments. This is due to a lack of liquidity (low trading volumes) and differing opening hours of the international stock exchanges. It is not possible to estimate in advance whether there will be a sufficient price quality and thus whether the fund’s unit transactions can be processed fairly. A further problem is comprehensible and explicable communication by the acceptance committee for unit transactions to the investors, as the corresponding NAV (net asset value) per unit cannot be calculated until several days later, with the result that the issue and redemption of shares can only be processed with a time delay. For funds with a daily or weekly NAV valuation interval, the AIFM therefore has the possibility between 22 December and 7 January each year of regulating the issue and redemption of shares as well as the calculation of the net asset value in deviation from the valuation dates normally applicable. In this respect, the AIFM may decide to postpone or cancel individual valuation days. The AIFM may also decide that unit transactions are admissible at the NAV as at 31 December (year-end price). The AIFM informs investors – in the fund’s publication organ or through direct communication – at the latest by 30 November of each year about the modalities of the unit transactions and the NAV valuation on the respectively forthcoming working days and at the respective turn of the year. The NAV of a unit in a unit class of the AIF is expressed in the accounting currency of the AIF or, if different, in the reference currency of the corresponding unit class, and is calculated on the basis of the quota of the AIF assets attributable to the corresponding unit class, less any debt obligations allocated to the unit class concerned, divided by the number of shares of the corresponding unit class in circulation. Rounding to two decimal places is carried out as follows when issuing and redeeming shares: − to EUR 0.01 The respective fund asse...
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Related to Valuation and unit transactions

  • Split Transactions You can instruct a merchant to charge your Card for part of a purchase and pay any remaining amount with cash or another card. This is called a “split transaction.” Some merchants do not permit split transactions. If you wish to conduct a split transaction, you must tell the merchant the exact amount you would like charged to your Card. If you fail to inform the merchant you would like to complete a split transaction and you do not have sufficient available funds in your Account to cover the entire purchase amount, your Card is likely to be declined.

  • Historical Transaction Amounts For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of property management services under the 2021-2023 Property Management Services Framework Agreements were RMB197.9 million, RMB202.5 million and RMB80.3 million, respectively.

  • Types of Available Transactions You may authorize a merchant or other payee to make a one-time Electronic Check Transaction from your checking account using information from your check to (1) pay for purchases or (2) pay bills. You may also authorize a merchant or other payee to debit your checking account for returned check fees or returned debit entry fees.

  • PERMITTED TRANSACTIONS The Member is free to engage in any activity on its own or by the means of any entity. The Member’s fiduciary duty of loyalty, as it applies to outside business activities and opportunities, and the “corporate opportunity doctrine,” as such doctrine may be described under general corporation law, is hereby eliminated to the maximum extent allowed by the Act.

  • Mergers, Reorganizations and Equity Transfers Each of the Company and any Sponsor Affiliates acknowledges that any mergers, reorganizations or consolidations of the Company and such Sponsor Affiliates may cause the Project to become ineligible for negotiated fees in lieu of taxes under the FILOT Act absent compliance by the Company and such Sponsor Affiliates with the Transfer Provisions; provided that, to the extent provided by Section 12-44- 120 of the FILOT Act or any successor provision, any financing arrangements entered into by the Company or any Sponsor Affiliates with respect to the Project and any security interests granted by the Company or any Sponsor Affiliates in connection therewith shall not be construed as a transfer for purposes of the Transfer Provisions. Notwithstanding anything in this Fee Agreement to the contrary, it is not intended in this Fee Agreement that the County shall impose transfer restrictions with respect to the Company, any Sponsor Affiliates or the Project as are any more restrictive than the Transfer Provisions.

  • SETTLEMENT OF DIFFERENCES (1) Differences arising out of the interpretation, operation and implementation of this Agreement, at any and all levels of participation, will be settled amicably through consultation between the Parties.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • MEASUREMENT AND PAYMENT Temporary traffic control work, including, but not limited to installation and removal of portable signs, cones, drums, skinny drums, flaggers, AFAD’s, changeable message boards, truck mounted attenuators, flashing arrow boards, and pilot vehicles will be paid at the contract lump sum price for

  • E-CHECK TRANSACTIONS You may authorize a merchant or other payee to make a one-time electronic payment from Your checking Account using information from Your check ("E-Check") to: (a) pay for purchases; or (b) pay bills.

  • Recurring Transactions If you intend to use the Card for recurring transactions, you should monitor your Balance and ensure you have funds available in your Card Account to cover the transactions. “Recurring transactions” are transactions that are authorized in advance by you to be charged to your Card at substantially regular intervals. We are not responsible if a recurring transaction is declined because you have not maintained a sufficient Balance in your Card Account to cover the transaction. If these recurring transactions may vary in amount, the person or merchant you are going to pay should tell you, 10 days before each payment, when it will be made and how much it will be. You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set with that person or merchant. If you have told us in advance to make regular payments (i.e., Recurring Transactions) from your Card Account, you can stop the payment by notifying us orally or in writing at least three (3) Business Days before the scheduled date of the transfer. If you call, we also may require you to put your request in writing and get it to us within 14 days after you call. If you order us to stop one of these payments three (3) Business Days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. If you have authorized a merchant to make the recurring payment, you should also contact the applicable merchant in order to stop the transaction. Fraudulent Card Account Activity. We may block or cancel your Card Account if, as a result of our policies and procedures, we reasonably believe your Card Account is being used for fraudulent, suspicious, or criminal activity or any activity that is inconsistent with this Agreement. We will incur no liability because of the unavailability of the funds that may be associated with your Card Account.

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