Fund Securities definition

Fund Securities means in-kind redemption proceeds of a designated portfolio of securities or other financial instruments as determined from time to time in the sole discretion of the Trust.

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Fund Securities means Securities which are, from time to time, contained in a Fund’s Account(s) and which are available for Lending Transactions pursuant to this Agency Agreement.

Fund Securities means, collectively, the Units, the Class A Shares and the Exchangeable Shares;

Examples of Fund Securities in a sentence

• The Custodian will transfer the applicable Fund Securities to or on the order of the Authorized Participant.

• Nothing herein shall affect or limit the right and ability of the Transfer Agent/ Index Receipt Agent to accept Fund Securities, Deposit Securities, and related Cash Components through or outside the Clearing Process, and as provided in and in accordance with the Registration Statement and Prospectus.

• Redemptions of Shares for Fund Securities will be subject to compliance with applicable U.S. federal and state securities laws and the Funds (whether or not it otherwise permits cash redemptions) reserve the right to redeem Creation Units for cash to the extent that the Funds could not lawfully deliver specific Fund Securities upon redemptions or could not do so without first registering the Deposit Securities under such laws.

• The Custodian shall on each day a Portfolio is open for the purchase or redemption of Portfolio Interests of such Portfolio compute the number of Portfolio Interests of each Deposit Security to be included in the current Fund Deposit (as defined in the Prospectus) and the Fund Securities and shall transmit such information to the NSCC.

• In connection with the purchase or redemption of Creation Units, the Participant acknowledges and agrees that the computation of any cash amount to be paid by or to the Participant shall exclude any taxes or other fees and expenses payable upon the transfer of beneficial ownership of Deposit Securities or Fund Securities.

More Definitions of Fund Securities

Fund Securities has the meaning assigned thereto in the Trust Agreement;

Fund Securities means, collectively, the Fund Units, the JEEC Exchangeable Shares and the JEC Class A Shares;

Fund Securities means 37,773 shares of the Floating Rate Municipal Term Preferred Shares, Series 2015 issued by the Issuer.

Fund Securities means, collectively, the Fund Units and the Fund Exchangeable Units;

Fund Securities means, collectively, the Lee Securities and the SCP Securities.

Fund Securities means the Subscription Receipts and the Units issued pursuant to the Subscription Receipts;

Fund Securities means in-kind redemption proceeds of a designated portfolio of equity and/or fixed income securities selected by the Adviser. 1.26 “Indemnified Party” shall have the meaning set forth in Section 6.01. 1.27 “Intraday Indicative Value” means the value of the Fund, as calculated and published by the New York Stock Exchange or any similar exchange or widely recognized industry organization, throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, on a per share basis. 1.28 “Listing Exchange” shall have the meaning set forth in Section 8.01. 1.29 “NAV” shall have the meaning set forth in Section 6.03. 1.30 “OFAC” shall have the meaning set forth in Section 3.01. 1.31 “Orders” shall have the meaning set forth in Section 2.02.