Maximum Redemption Percentage definition
Maximum Redemption Percentage means five per cent. of all Units of that Fund deemed to be in issue immediately before a Dealing Day or such greater percentage as the Manager may in respect of any Dealing Day determine;
Maximum Redemption Percentage or "MRP" means 145 per cent. (145%) (expressed, for the purposes of calculation, as 1.45), provided that the Issuer may (but shall not be obliged to), in its sole and absolute discretion, on the Initial Valuation Date increase such Maximum Redemption Percentage to an amount greater than 145 per cent. (145%), but to no greater
Maximum Redemption Percentage in the Underlying Fund means, with respect to the Fund’s shareholdings in the AUD-2 series of shares in the Underlying Fund, on any monthly redemption date, 6% of such AUD-2 shares; provided, that if the Fund submits redemption requests in an amount equal to or exceeding its maximum redemption percentage in respect of such AUD-2 shares for consecutive monthly redemption dates, the maximum AUD-
Examples of Maximum Redemption Percentage in a sentence
If on any Dealing Day the number of Units to be redeemed exceeds the Maximum Redemption Percentage, the Manager may redeem Units on any basis that the Manager may consider equitable which will normally be on a pro rata basis.
More Definitions of Maximum Redemption Percentage
Maximum Redemption Percentage or "MRP" means a percentage which is expected, as of the date of these Final Terms, to be 170 per cent. (170%) (expressed, for the purposes of calculation, as 1.70), but which will not be less than 150 per cent. (150%) (expressed, for the purposes of calculation, as 1.50) and which will be determined by the Calculation Agent on or around the Initial Valuation Date based on market conditions on or around such date, and will be made available on the website of the Luxembourg Stock Exchange (www.bourse.lu) on or around the Issue Date (and for the avoidance of doubt, no supplement to these Final Terms or the Base Prospectus will be published in relation thereto).