Equalisation Credit definition

Equalisation Credit means the equalisation credit to be applied in calculating the
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Equalisation Credit means, in relation to each Shareholder, the amount of
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Examples of Equalisation Credit in a sentence

  • After a Premium Subscription is made, at the end of the next calculation period on which a Performance Fee calculation occurs, if the NAV per Share (before accrual of the Performance Fee) exceeds the prior Peak NAV per Share (such difference being the “Excess”), that portion of the Equalisation Credit equal to: is applied to purchase additional Shares for the Shareholder of Premium Shares.

  • Subsequent appreciation in the value of the Class A-USD Shares, Class A2-USD Shares, Class A-EUR Shares, Class A2-EUR Shares, Class A-GBP Shares and Class A2-GBP Shares will result in a recapture of any Equalisation Credit lost due to such reductions, but only to the extent of the previously lost Equalisation Credit up to the Maximum Equalisation Credit less any reduction in the Equalisation Credit as a result of it being previously applied to purchase Shares.

  • If the holder of Premium Shares redeems Premium Shares before the Equalisation Credit has been fully applied, then the holder of Premium Shares will receive additional redemption proceeds equal to the Equalisation Credit, or part thereof, then remaining multiplied by a fraction, the numerator of which is the number of Premium Shares being redeemed and the denominator of which is the number of Premium Shares owned by the holder of Premium Shares immediately prior to the redemption.

  • At the date of a Premium Subscription the Equalisation Credit equals the accrued Performance Fee per Share due with respect to the other Class A-USD Shares, Class A2- USD Shares, Class A-EUR Shares, Class A2-EUR Shares, Class A-GBP Shares and Class ▇▇- ▇▇▇ Shares in the Sub-Fund that were outstanding at the beginning of that Accounting Period (the “Maximum Equalisation Credit”).

  • In the event of a decline in the value of the Class A-USD Shares, Class A2-USD Shares, Class A-EUR Shares, Class A2-EUR Shares, Class A-GBP Shares and Class A2-GBP Shares, the Equalisation Credit due to the holder of Premium Shares is also reduced by an amount equal to the result of multiplying the difference between the Equalised NAV per Share (before accrual of the Performance Fee) and the NAV per Share at the current date, by the Performance Fee.

  • Additional Shares will continue to be purchased on behalf of the holder of Premium Shares until the Equalisation Credit, as it may have depreciated or appreciated in the Sub-Fund after the Premium Subscription is made, has been fully applied.

  • A subscriber may also be required to pay an additional amount as an Equalisation Credit.

  • The additional amount invested as the Equalisation Credit is at risk in the Sub-Fund and therefore depreciates or appreciates based on the performance of the Sub-Fund subsequent to the Premium Subscription but will never exceed the Maximum Equalisation Credit.

Related to Equalisation Credit

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • FIXED ACCOUNT is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred.

  • Relevant Percentage means, in respect of any Subsidiary Issuer, the percentage as specified in the relevant Pricing Supplement;

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, Performance Guarantor, Servicer, Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Earnings Account means, in relation to a Ship, an account in the name of the Owner owning that Ship with the Agent in Hamburg designated “[name of relevant Owner]—Earnings Account” or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as that Earnings Account for the purposes of this Agreement and, in the plural, means all of them;