Redemption Day definition

Redemption Day means the last Business Day of each week or such other day or days as the Directors may from time to time determine that Participating Shares in the Fund are available for redemption;

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Redemption Day. Any business day when banks are open for business in South Africa and Mauritius

Redemption Day means any Business Day, falling after the Initial Share Issue Date.

Examples of Redemption Day in a sentence

• Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day.

• The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby.

• Additionally, in the event redemption orders for a large number of units are received in respect of a Redemption Day, the Management Company may decide to postpone the execution of all redemption orders so received until equivalent Sub-Fund's assets have been sold, without undue delay.

• A Unitholder will have no rights with respect to Units redeemed (whether voluntarily or compulsorily) on and from the relevant Redemption Day, except the right to receive the redemption proceeds with respect to such Units and any dividend or distribution that has been declared prior to such Redemption Day but has not yet been paid.

• In particular, the Unitholder ceases his or her participation in the Units performance on and from the relevant Redemption Day.

More Definitions of Redemption Day

Redemption Day means such day or days in each year as the Directors may from time to time determine in respect of a particular Class of Participating Shares or for each Fund

Redemption Day means each AP Redemption Day, each Standard Redemption Day and each date designated by the Issuer as a Redemption Day pursuant to Condition 7.6.1.

Redemption Day. Any Mauritian business day

Redemption Day means such day or days in each year as the Directors may from time to time determine in respect of a particular Class of Participating Shares or for each Fund and specified in the Prospectus or relevant Supplement to the Prospectus in respect of each Fund.

Redemption Day means each Business Day or such other day or days as the

Redemption Day means any day which the Directors shall from time to time in their absolute discretion appoint as a Redemption Day being not less than one day in every month;

Redemption Day means each Valuation Day falling after the Closing Date.