Free Exchange definition

Free Exchange means an exchange of a Commission Share of one Fund for a Commission Share of another Fund under circumstances where the CDSC which would have been payable in respect of a redemption of the exchanged Commission Share on the date of such exchange is waived and the Commission Share issued in such exchange is treated as a continuation of the investment in the Commission Share exchanged for purposes of determining the CDSC payable if such Commission Share issued in the exchange is thereafter redeemed.
View Source
Free Exchange means any exchange of a Commission Share (or portion thereof) of one Fund (the "Redeeming Fund") for a Share (or portion thereof) of another Fund (the "Issuing Fund"), under any arrangement which defers the exchanging Shareholder's obligation to pay the CDSC in respect of the Commission Share (or portion thereof) of the Redeeming Fund so exchanged until the later redemption of the Share (or portion thereof) of the Issuing Fund received in such exchange.
View Source
Free Exchange means any exchange of a Commission Share (or portion thereof) of one Fund (the "Redeeming Fund") for a Share (or portion thereof) of another Fund (the "Issuing Fund"), under any arrangement which defers the exchanging Shareholder's obligation to pay the CDSC in respect of the Commission Share (or portion thereof) of the Redeeming Fund so exchanged until the later redemption of the Share (or portion thereof) of the Issuing Fund received in such exchange. "FREE SHARE" shall mean, in respect of any Fund, each Share of such Fund other than a Commission Share, including, without limitation: (i) Shares issued in connection with the automatic reinvestment of Capital Gain Dividends or Other Dividends by such Fund; (ii) Special Free Shares issued by such Fund; and (iii) Shares (or portion thereof) issued by such Fund in connection with an exchange whereby a Free Share (or portion thereof) of another Fund is redeemed and the Net Asset Value of such redeemed Free Share (or portion thereof) is invested in such Shares (or portion thereof) of such Fund.
View Source

Examples of Free Exchange in a sentence

  • A = Omnibus Shares which are Free Shares issued (other than in connection with a Free Exchange Transaction) during such calendar month.

  • Seller shall indemnify Purchaser and hold Purchaser harmless from any and all actual out of pocket third party costs, damages, claims, liabilities or expenses (including without limitation, court costs and reasonable attorneys’ fees and disbursements) incurred by Purchaser solely in connection with any exercise by Seller of any of its rights under this Section 10.13 to designate any Interest as part of a Tax Free Exchange.

  • Each Interest that is designated as part of a Tax Free Exchange shall be treated as a separate and independent “deferred exchange” within the meaning of Treasury Regulation 1.1031(k)-1(a), with a separate qualified intermediary and as such the Seller shall be eligible to identify up to three potential replacement properties with respect to each Interest and shall not be subject to the limitations set forth in Treasury Regulation Section 1.1031(k)-1(c)(4)(i).

  • Buyer will cooperate and help facilitate for the Seller simultaneously an Internal Revenue Service 1031 Tax Free Exchange for other farmland within the area.

  • Seller shall indemnify, defend and hold Buyers harmless from and against any and all losses that may be incurred by Buyer in connection with Seller’s use of the transaction as a Tax Free Exchange.

  • The First Thing ▇▇▇▇▇▇ ▇▇▇▇▇ Should Do as President Taiwan The Free Exchange of Information The ▇▇▇▇▇ Assassination Attempt Alternative Media Credit Card Debt The Truth About the 2008 Financial Crisis The Next Financial Crisis Two-Hour Minimum for House Cleaning - Two-Hour Minimum for House Cleaning by ▇▇▇▇▇▇ ▇▇▇▇▇ Cleaning 78,799 views 6 years ago 7 minutes, 55 seconds - \"I have a two-hour minimum for house cleaning ,.

  • In no event shall Seller’s consummate of a Tax Free Exchange be a condition to Closing or delay or postpone the Closing.

  • Free Exchange ------------------ Rate" shall mean the average of the U.S. dollar/Mexican Peso free exchange rates for the sale of U.S. dollars based on the amount of money to be converted quoted by Banco Nacional de Mexico, S.A. and Bancomer, S.A. at 10:00 a.m. on the date of payment for which such free exchange rate is being used.

  • If Seller elects to effect a Tax Free Exchange pursuant to this Section 161.3, Seller shall provide written notice to Buyer prior to Closing, in which case Buyer shall enter into an exchange agreement and other exchange documents with a “qualified intermediary” (as defined in Treas.

  • Pursuant to this Agreement, FINANCER shall onlend FINANCED PARTY the total amount of two hundred million reais (R$ 200,000,000.00) to be translated into Brazilian currency, pursuant to item 1.1.1 hereof, at the sale exchange rate in connection with real, applied by FINANCER in the Free Exchange Market, hereinafter referred to as (“LIMIT VALUE”).


More Definitions of Free Exchange

Free Exchange means an exchange of a Commission Share of one Trust for a Commission Share of another Trust under circumstances where the CDSC which would have been payable in respect of a redemption of the exchanged Commission Share on the date of such exchange is waived and the Commission Share issued in such exchange is treated as a continuation of the investment in the Commission Share exchanged for purposes of determining the CDSC payable if such Commission Share issued in the exchange is thereafter redeemed.
View Source
Free Exchange means the exchange of Shares of one Fund (the "Redeeming Fund") for Shares of another Fund (the "Issuing Fund"), where, pursuant to the applicable constituent documents of the Issuing Fund:
View Source
Free Exchange means the exchange of Shares of one Sub-Fund for a Transfer Share or an External Share of another Sub-Fund.
View Source
Free Exchange means the issuance of a Transfer Share upon the immediate investment of proceeds realized on the redemption of a Commission Share of another New B Share Sub-Fund.
View Source

Related to Free Exchange

  • Applicable Exchange means the New York Stock Exchange or such other securities exchange as may at the applicable time be the principal market for the Common Stock.

  • Reference Exchange means XETRA.

  • National Exchange means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question, together with any successor thereto: the NYSE American, The New York Stock Exchange, the Nasdaq Global Market, the Nasdaq Global Select Market and the Nasdaq Capital Market.

  • Private Exchange means the offer by the Company, pursuant to a Registration Rights Agreement, to the Initial Purchasers to issue and deliver to each Initial Purchaser, in exchange for the Initial Securities held by the Initial Purchaser as part of its initial distribution, a like aggregate principal amount of Private Exchange Securities.

  • National Securities Exchange means an exchange registered with the Commission under Section 6(a) of the Exchange Act or any successor thereto.