average daily definition

average daily means, for any calendar quarter, the sum of each day's unused portion of the Commitment, divided by the number of days in said calendar quarter. Such commitment fee shall be payable on the fifth day of each calendar quarter in arrears, commencing on the first such date following the Effective Date, and on the Date of Maturity.
average daily. Fees as a Percentage Net Assets of Each Fund's/Series' Attributable to Net Assets Attributable Fund Name Service Organizations to Service Organizations* --------- --------------------- ------------------------- Class A Shares Class A Shares Class D -------------- --------------- Class B Shares+ Shares** --------------- -------- Xxxxxxxx Capital Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Cash Management Fund, Inc. $100,000 or more -0-/.25% 1.00% Xxxxxxxx Common Stock Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Communications and Information Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Frontier Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Growth Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Xxxxxxxxx Global Fund Series, Inc: Xxxxxxxx Xxxxxxxxx Emerging Markets Growth Fund $100,000 or more .25% 1.00% Xxxxxxxx Xxxxxxxxx Global Smaller Companies Fund $100,000 or more .25% 1.00% Xxxxxxxx Xxxxxxxxx Global Growth Opportunities Fund $100,000 or more .25% 1.00% Xxxxxxxx Xxxxxxxxx Global Technology Fund $100,000 or more .25% 1.00% Xxxxxxxx Xxxxxxxxx International Fund $100,000 or more .25% 1.00% Xxxxxxxx High Income Fund Series: U.S. Government Securities Series $100,000 or more .25% 1.00% High-Yield Bond Series $100,000 or more .25% 1.00% Xxxxxxxx Income Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx New Jersey Municipal Fund, Inc. $100,000 or more .25% 1.00% Xxxxxxxx Pennsylvania Municipal Fund Series $100,000 or more .25% 1.00% Xxxxxxxx Municipal Fund Series, Inc: National Series $100,000 or more .10% 1.00% Colorado Series $100,000 or more .10% 1.00% Georgia Series $100,000 or more .10% 1.00% Louisiana Series $100,000 or more .10% 1.00% Maryland Series $100,000 or more .10% 1.00% Massachusetts Series $100,000 or more .10% 1.00% Michigan Series $100,000 or more .10% 1.00% Minnesota Series $100,000 or more .10% 1.00% Missouri Series $100,000 or more .10% 1.00% New York Series $100,000 or more .10% 1.00% Ohio Series $100,000 or more .10% 1.00% Oregon Series $100,000 or more .10% 1.00% South Carolina Series $100,000 or more .10% 1.00% Xxxxxxxx Municipal Series Trust: California Municipal Quality Series $100,000 or more .10% 1.00% California Municipal High-Yield Series $100,000 or more .10% 1.00% Florida Municipal Series $100,000 or more .25% 1.00% North Carolina Municipal Series $100,000 or more .25% 1.00% Xxxxxxxx Value Fund Series, Inc. $100,000 or more .25% 1.00% March 20, 1997 * Included in each of the percentages above is the service fee (as def...
average daily net assets" shall be determined on the basis of the fund's net assets as of the close of each business day of the month pursuant to fund's currently effective prospectus. This fee shall be payable on or before the fifth day of each month for services performed during the previous month. If the fund commences operations after the beginning of a month or the Custodian Agreement terminates prior to the end of a month, the fee shall be pro-rated based on that portion of the month during which services are performed. Voyageur Financial Institutions No fees shall be paid for this fund. Intermediate Duration Portfolio Voyageur Financial Institutions No fees shall be paid for this fund. Core Portfolio

Related to average daily

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average Daily Trading Volume means, with respect to any date, the average of the daily trading volumes for the Class A Common Stock on the Principal Trading Facility for the thirty (30) Trading Days immediately preceding such date.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average means the arithmetic mean.

  • Average daily attendance or "ADA" means actual average daily

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

  • Average daily membership means the total enrollment of fractional

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Average VWAP per Common Unit over a certain period shall mean the arithmetic average of the VWAP per Common Unit for each Trading Day in such period.

  • Daily means a 24 hour period commencing at 00.00 hours.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Index year means the earliest calendar year in which the

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Average weekly wage means the amount derived by dividing an

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.