Fund Business Day definition

Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.
Fund Business Day means each day on which the New York Stock Exchange, Inc. is open for trading.
Fund Business Day shall be deemed to be each day on which the New York Stock Exchange, Inc. is open for trading.

Examples of Fund Business Day in a sentence

  • Functions or duties normally scheduled to be performed on any day which is not a Fund Business Day shall be performed on, and as of, the next Fund Business Day, unless otherwise required by law.

  • UMBFS shall, as of the time at which the net asset value of each Fund is computed on each Fund Business Day, issue to and redeem from the accounts specified in a purchase order or redemption request in proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the net asset value per Share of the respective Fund specified in an advice received on such Fund Business Day from or on behalf of the Fund.

  • Functions or duties normally scheduled to be performed on any day which is not a Fund Business Day shall be performed on, and as of, the next Fund Business Day unless otherwise required by law.

  • Nothing contained in this Agreement is intended to or shall require the Custodian, in any capacity hereunder, to perform any functions or duties on any day other than a Fund Business Day.

  • Nothing contained in this Agreement is intended to or shall require Forum, in any capacity hereunder, to perform any functions or duties on any day other than a Fund Business Day.


More Definitions of Fund Business Day

Fund Business Day with respect to a Fund Share means each day on which the NAV of the relevant Fund Share is determined and published (or made available) according to the relevant Memorandum.
Fund Business Day means each day on which (i) the NAV of the Fund Share is determined and published (or made available) according to the Memorandum and (ii) subscription and redemption orders are effected by the Fund.
Fund Business Day means with respect of each Fundi, a day on which the NAV of such Fund is determined and published according to the respective Memorandum and subscription and redemption orders can be received by the Fundi.
Fund Business Day shall be determined as set out in the Fund's prospectuses as shall be effective from time to time.
Fund Business Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the Applicable Fund Centres.
Fund Business Day shall be determined as set out in the Fund's prospectuses as shall be effective from time to time. 6. "Officer" shall be deemed to be the Fund's President, any Vice President, Secretary, Treasurer, Controller, any Assistant Controller, any Assistant Treasurer and any Assistant Secretary, and any other person duly authorized by the Board of Directors of the Fund to execute any Certificate, instruction, notice or other instrument on behalf of the Fund, and any person reasonably believed by the Transfer Agent to be such a person. 7. "Out-of-Pocket Expenses" means amounts reasonably necessary and actually incurred by Transfer Agent in the provision of Transfer Agent services or pursuant to this Agreement for the following purposes: postage (and first class mail insurance in connection with mailing Share certificates), envelopes, check forms, continuous forms, forms for reports and statements, stationery and other similar items, telephone and telegraph charges incurred in answering inquiries from dealers or shareholders, microfilm used to record transactions in shareholder accounts and computer tapes used for permanent storage of records and cost of insertion of materials in mailing envelopes by outside firms. Any charges associated with special or exception processing shall also be considered Out-of-Pocket Expenses. 8. "Prospectus" shall mean the most recent Fund prospectus actually received by the Transfer Agent from the Fund with respect to which the Fund has indicated a registration statement under the Securities Act of 1933, as amended, has become effective, including the Statement of Additional Information, incorporated by reference therein. 9. "Shares" shall mean all or any part of each class or series of the shares of beneficial interest of the Fund or portfolio listed in the Certificate as to which the Transfer Agent acts as transfer agent hereunder, as may be amended from time to time, which are authorized and/or issued by the Fund.
Fund Business Day means each day on which the NAV is usually determined and published (or made available) according to the Memorandum.