Examples of Class T Unit in a sentence
At such time as a share of Class T Common Stock is converted into Class A Common Stock, the corresponding Class T Unit shall convert into a corresponding number of Class A Units.
Notwithstanding the foregoing, the Class T Monthly Redemption Price with respect to a Class T Unit being redeemed on such date will not be greater than 100% of the NAV per Class T Unit on the Monthly Redemption Date.Pursuant to the Declaration of Trust, the Fund may allocate and designate as payable any capital gains realized by the Fund as a result of any disposition of property of the Fund undertaken to permit or facilitate the redemption of Units to a Unitholder whose Units are being redeemed.
Thereafter, $7,200,000 ($8,000,000 less the $800,000 for the Stockholder Servicing Fee) would be distributed on account of the Partnership Class T Units (or $3.60 per Partnership Class T Unit).
Ninepoint Web3 Innovators Fund may indirectly own Bitcoin and Ether (the native token of Ethereum) via other listed Canadian cryptocurrency exchange-traded funds and will also get high exposure to digital asset innovation via publicly listed companies operating entirely in this field.
At the end of such month, pursuant to the terms of the Partnership Agreement, each such Class T Unit, Class S Unit and Class D Unit shall automatically and without any action on the part of the holder thereof convert into a number of Class I Units (including any fractional Units), each with an equivalent aggregate NAV as such Unit.
Notwithstanding the foregoing, the Monthly Redemption Price with respect to a Unit being redeemed on such date will not be greater than 100% of the NAV per Class T Unit on the Monthly Redemption Date.
As of January 1, 2019, each issued and outstanding Class T Unit held by The HGC Fund Trust (“HGC Trust”) have been cancelled and exchanged for a class and series of Unit with terms corresponding to the class and series of trust unit in respect of which HGC Trust acquired such Class T Unit and with a Net Asset Value equal to the net asset value of the corresponding unit of HGC Trust as at such date.
Deferred taxDeferred tax is calculated based on the difference (temporary difference) between the base value of taxable assets and liabilities and the book value in the Balance sheet at the end of the reporting period.Except for the following 2 cases, deferred tax liabilities are recognized for all future temporary differences.(1) Initial recognition of goodwill.
A Unitholder who properly surrenders a Class T Unit for redemption on a Monthly Redemption Date, will receive the amount, if any, equal to the lesser of (i) 95% of the Market Price and (ii) 100% of the Closing Price of a Class T Unit on the applicable Monthly Redemption Date (the “Class T Monthly Redemption Price”), less, in each case, any costs associated with the redemption including brokerage fees, commissions and other transaction costs incurred by the Fund in order to fund such redemption, if any.
Monthly Redemption Price for Class A Units Unitholders surrendering a Class A Unit for redemption will receive an amount equal to the product of(i) the Monthly Redemption Price, and (ii) a fraction, the numerator of which is the most recently calculated NAV per Class A Unit and the denominator of which is the most recently calculated NAV per Class T Unit.