Application Price definition
Examples of Application Price in a sentence
Units issued on the Initial Subscription Date will be issued for an Application Price of [$1.00] per Unit.
The Application Price of a unit in the Fund is based on the NAV divided by the number of units on issue adjusted for the Buy Spread.
In spite of any other provision of this deed, if Units are issued on that basis and until such time as the Application Price has been paid in full, the interest conferred by those Units, and the rights attaching to them will be reduced by the same proportion as the Uncalled Amount for the time being bears to the Application Price at which those Units were issued.
The Trustee accepts Aurizon Network’s application (as ordinary subscriber), and will issue one Ordinary Unit to Aurizon Network in accordance with the Trust Deed and this Deed, subject to Aurizon Network (as ordinary subscriber) paying the full amount of the Application Price for the Ordinary Unit.
Partly Paid Units 5.3 Units may be issued on the basis that the Application Price is payable at such time or times as the Manager may determine.