Class Currency definition

Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

Class Currency means the currency in which Shares of a Class are issued;

Class Currency means the currency in which a Share class is designated;

Examples of Class Currency in a sentence

• The hedging strategies may be entered into whether the Base Currency is declining or increasing in value relative to the relevant currency of the Hedged Share Class and so, where such hedging is undertaken it may substantially protect Shareholders in the relevant Share Class against a decrease in the value of the Base Currency relative to the Class Currency, but it may also preclude Shareholders from benefiting from an increase in the value of the Base Currency.

• The use ofHedged Share Classes may substantially limit holders of the Hedged Share Class from benefitting if the Class Currency falls against the Base Currency and/or the currency in which the assets of the Fund are denominated.

• Hedged Share Classes In respect of Hedged Share Classes, Funds will apply hedging strategies which aim to mitigate currency risk between the Base Currency and the Class Currency of the Hedged Share Class, while taking account of practical considerations including transaction costs.

More Definitions of Class Currency

Class Currency means the currency in which a Share class of a Fund is designated being Euro, unless otherwise determined by the Directors and disclosed in the Prospectus.

Class Currency means in respect of any Class of Shares the currency in which the Shares are issued;

Class Currency means, in relation to each Class in each Sub-Fund, the currency in

Class Currency means, in relation to each class of Share in a Fund, the currency in which the Shares of such class are designated as specified in the Supplement of the relevant Fund;

Class Currency means the currency of denomination of each Class in a Fund as

Class Currency means the currency in which each Class of Unit of each Sub-Fund is denominated;

Class Currency means the currency in which a Share class is designated;“Class Expenses”means any expenses attributable to a specific class including legal fees, marketing expenses (including tax reporting expenses) and the expenses of registering a class in any jurisdiction or with any stock exchange, regulated market or settlement system and such other expenses arising from such registration;“Code”means the U.S. Internal Revenue Code of 1986, as amended;“Company”means Pacific Capital UCITS Funds plc, an investment company with variable capital, incorporated in Ireland pursuant to the Act;“Commodity Exchange Act”means the U.S. Commodity Exchange Act, as amended;“Dealing Day”means, in relation to each Fund, such day as is defined in each Supplement, provided that there shall be at least one Dealing Day per fortnight;“Depositary”means Citi Depositary Services Ireland Designated Activity Company or such other company in Ireland as may for the time being be appointed as depositary of the assets of the Company as successor thereto in accordance with the requirements of the Central Bank;“Depositary Agreement”means the agreement dated 1 November 2018 between the Company and the Depositary, pursuant to which the Depositary was appointed depositary of the Company;“Directors”means the directors of the Company for the time being and any duly constituted committee thereof;“Duties and Charges”means in relation to any Fund, all stamp and other duties, taxes, governmental charges, brokerage, bank charges, foreign exchange spreads, interest, depositary or sub-custodian charges (relating to sales and purchases), transfer fees, registration fees and other duties and charges whether in connection with the original acquisition or increase of the assets of the relevant Fund or the creation, issue, sale, conversion or redemption of Shares or the sale or purchase of investments or in respect of certificates or otherwise which may have become or may be payable in respect of or prior to or in connection with or arising out of or upon the occasion of the transaction or dealing in respect of which such duties and charges are payable, which, for the avoidance of doubt, includes, when calculating subscription and redemption prices, any provision for spreads (to take into account the difference between the price at which assets were valued for the purpose of calculating the NAV and the price at which such assets were bought as a result of a subscription and sold as a result of a redemption), but will...