Fund Interest Unit definition

Fund Interest Unit means, in respect of any Fund Interest and the related Fund, a share in such Fund or, if Fund Interests in such Fund are not denominated as shares, a notional unit of account of ownership in such Fund in the amount specified in the applicable Pricing Supplement;
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Fund Interest Unit means, in respect of the relevant Mutual Fund Interest, a share of such Mutual Fund Interest or, if interests in the related Reference Fund are not denominated as shares, a notional unit of account of ownership of such interests.
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Fund Interest Unit means an individual share or notional unit of account of ownership in respect of an investment in an Underlying Fund.
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Examples of Fund Interest Unit in a sentence

  • Funds may invest their assets in securities denominated in a wide range of currencies and, consequently, the net asset value of the Fund Interest Units of such a Fund will fluctuate in accordance with the changes in the foreign exchange rate between the currency of such Fund Interest Unit and the currencies in which its investments are denominated.

  • The price of a Fund Interest Unit may be affected by economic, financial, political and regulatory events that affect financial markets generally (including, for example, factors affecting the exchange(s) or quotation system(s) on which any such Fund Interest Unit may be traded.

  • If the Issuer determines that the Fund-Linked Program Securities will continue, this may result in the substitution of the affected Fund Interest Unit with other Fund Interest Units with similar characteristics or adjustments to the Conditions of the Program Securities to account for the occurrence of the relevant event.

  • Program Securities linked to the performance of fundsThe Issuers may issue Program Securities where the redemption amount or, if applicable, the interest amount in relation to Fund-Linked Notes or the return, in relation to Fund Securities (together with the Fund-Linked Notes, "Fund-Linked Program Securities") is linked to the performance of a unit, share or other interest in a fund (each a "Fund Interest Unit") or a basket of Fund Interest Units.

  • The market price of a Fund Interest Unit in the Reference Fund may be volatile and may depend on the time remaining to the redemption date or settlement date (as applicable) and the volatility of the price of a Fund Interest Unit, and may also be affected by the performance of the fund service providers, and in particular the investment adviser.

  • The price of a Fund Interest Unit may be affected by economic, financial, political and regulatory events that affect financial markets generally (including, for example, factors affecting the exchange(s) or quotation system(s) on which any such Fund Interest Unit may be traded).

  • Special Rules for Summary Hearings, Temporary Hearings, Ex Parte Hearings.

  • A material change, as determined by the Index Calculation Agent, in the calculation methodology of the net asset value of a Fund Interest Unit of an Underlying Fund.

  • Report Severity 1 & 2 problems directly (e.g. by telephone) using the Cisco provided phone number.

  • The Index Calculation Agent determines, at any time and in its sole and absolute discretion, that the reported net asset value of a Fund Interest Unit of an Underlying Fund is not reflective of the liquidation proceeds that a hypothetical investor in such Fund Interest Unit would receive in respect of a notional liquidation of that Fund Interest Unit by the date described in the actual or documented liquidity terms of such Fund Interest Unit.


More Definitions of Fund Interest Unit

Fund Interest Unit means, in respect of a Fund Interest in a Reference Fund, a share of such Fund Interest or, if Fund Interests in such Reference Fund are not denominated as shares, a notional unit of account of ownership of such Fund Interest in such Reference Fund in the amount specified in the applicable Final Terms; provided that if no such amount is so specified, then the entire amount of Fund Interest in which the Hypothetical Investor is deemed to invest on the Trade Date shall be a single Fund Interest Unit.
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Fund Interest Unit means, with respect to a Fund Interest a share of such Fund Interest or, if the Fund Interest is not denominated as shares, a notional unit of account of ownership of such Fund Interest in the amount specified in the Final Terms; provided that if no such amount is so specified, then the entire amount of the Fund Interest in which the Hypothetical Investor is deemed to subscribe in order to establish the hedge of the Securities on the Issue Date and at any date thereafter in order to maintain or adjust its hedge of the Securities, shall be a single Fund Interest Unit for the purposes of these Asset Terms.
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Related to Fund Interest Unit

  • Common Interest means the limited liability company interest of the Member in the Company as described in Article VII. The Company shall have one class of Common Interest.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • 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.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Month End Interest As defined in each Servicing Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.