PAIF Fund definition

PAIF Fund one of the Property Authorised Investment Funds, as defined in Part 4A of the Authorised Investment Funds (Tax) Regulations 2006 (SI 2006/964) and the glossary to the FCA Handbook, offered for sale by us;
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PAIF Fund the Standard Life Investments UK Real Estate Fund;
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Examples of PAIF Fund in a sentence

  • These risks could result in substantial unanticipated delays or expenses and, under certain circumstances could prevent completion of development activities once undertaken, any of which could have an adverse effect on the financial condition and results of operations of the PAIF Fund and on the amount of income available for distribution to the Shareholders in the PAIF Fund.

  • Any Body Corporate that acquires Shares in a PAIF Fund and holds them otherwise than as beneficial owner must undertake to disclose to the ACD the names and Shareholding of each Body Corporate on whose behalf it is holding Shares (if any).

  • In the event that a Body Corporate exceeds 9% of the NAV of the relevant PAIF Fund, the ACD intends to contact that Body Corporate with a view to exchanging some or all of its Shares in the PAIF Fund for units in the relevant Feeder Fund if the investor wishes to remain invested in the PAIF Fund.

  • Typically, the ACD will reduce the Body Corporate’s holdings in the relevant PAIF Fund to 7.5% of the NAV of the relevant Fund.

  • The table below sets out each of the Feeder Funds (and their unit classes) and the corresponding PAIF Fund in the Company (and the corresponding Share Classes).

  • If for any reason the ACD is unable to exchange the Shares for units as described in the preceding paragraph, then the Body Corporate shall be deemed to have given a written request for the redemption or cancellation (at the discretion of the ACD) of the proportion of the Shares in the PAIF Fund representing the excessive holding (or the proportion the ACD reasonably believes to be an excessive holding).

  • Where units in the Feeder Fund are Exchanged for Shares in a PAIF Fund, units will be redeemed in the Feeder Fund at the price of its units calculated in accordance with its prospectus and Shares in the PAIF Fund will be issued at the price of Shares in the PAIF Fund calculated in accordance with this Prospectus.

  • The ACD is aware that certain holders who are eligible to invest in a Fund (notably a PAIF Fund) may be unable to do so for regulatory or administrative reasons and will, therefore, invest through the Feeder Fund.

  • Investors may be able to exchange Shares in a PAIF Fund for units in its corresponding Feeder Fund and vice versa.

  • The ACD will request that the Body Corporate moves the balance over 7.5% of the NAV of the relevant PAIF Fund into the relevant Feeder Fund (by a redemption of Shares and issue of units) or redeem Shares representing the excess above 7.5% with a view to reducing the holding to 7.5% of NAV.

Related to PAIF Fund

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Local fund means any of the local retirement funds for

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • General Fund means the Fund so designated and established by Article V hereof.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities.

  • Program fund means the program fund established under section 12D.4.

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Special Fund means any fund other than the city general fund.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Institutional fund means a fund held by an institution exclusively for charitable purposes. The term does not include:

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Money market mutual fund means an open-end managed investment fund:

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Managed Fund means those Funds, individually and collectively, for which the Portfolio Manager makes buy and sell decisions.

  • Feeder Fund means a Sub-Fund which invests all or substantially all of its assets in securities which are units or sub-units in a unit trust scheme or participations in a mutual fund or other interests in a collective investment scheme which is managed or advised by the Managers or any Associate of the Managers and whose investment policy is the same or substantially the same as such Sub-Fund.