Class of Unit definition

Class of Unit means a separate class of Unit within a Fund; “Clearstream” means Clearstream International;
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Class of Unit means a class of limited partnership units in the Partnership.
Sample 1

Examples of Class of Unit in a sentence

  • If the respective Class of Unit experiences no Excess Return following payment of the Performance Fee in any previous period, the Manager will retain all Performance Fees previously paid for the Class of Units but no further performance fee will be charged until additional Excess Return is achieved by the relevant Class of Units.

  • For the purpose of calculating the Performance Fee for Putnam Currency Alpha Fund, the last day of the Initial Offer Period shall be deemed the beginning of the first relevant period and the initial issue price per Unit of that Class shall be the starting price.The Performance Fee will be payable to the Manager for each Class of Unit at a rate equal to 20% of the “Excess Return”,as defined below, during the Calculation Period, if any, achieved by that Class.

  • The existence of any such subsidy or cap will be disclosed in the Simplified Prospectus which discloses information relating to total expense ratios and performance data.The following performance fee is payable out of those Funds marked with the symbol + above.+ PERFORMANCE FEEThe Manager will be entitled to receive a Performance Fee out of the assets of the Fund allocated to each Class of Unit a portion of which will be payable to the Investment Advisor.

Related to Class of Unit

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.