Redemption Proceeds means any proceeds in any applicable currency from a redemption in respect of the Charged Assets in accordance with the terms and conditions of such Charged Assets.
Redemption Proceeds has the meaning set forth in Section 3.3(d).
Redemption Proceeds. Means the Redemption Price less any charges, costs, expenses or taxes, as described under “Redemption and Sale of Shares”;
Examples of Redemption Proceeds in a sentence
As soon as the extent of the obligations or liabilities is determined to the satisfaction of the Company any funds remaining in the Holdback Reserve will be remitted to the Shareholder (as part of the Redemption Proceeds due) to the account to which other Redemption Proceeds were paid or wherever else the Shareholder instructs, subject to the Administrator’s AML obligations.Frequent Trading Investment in the Sub-Funds is intended for long term purposes only.
In order to prudently provide for such potential liabilities the Company, through the Administrator, may decide to remit to a redeeming investor 98% of the Redemption Proceeds within such time limits as provided in this Prospectus, and will withhold the remaining 2% of such Redemption Proceeds in a reserve for contingent liabilities (“the Holdback Reserve”).
A Sub-Fund may also have current liabilities or other financial obligations arising from past events the cost of which, at the time of paying Redemption Proceeds, cannot be fully determined.
More Definitions of Redemption Proceeds
Redemption Proceeds means, in respect of the relevant number of Reference Fund Interest Units or amount of any Reference Fund Interest, the redemption proceeds that in the determination of the Determination Agent would be paid by the related Reference Fund to a Hypothetical Investor who, as of the relevant Redemption Valuation Date, redeems such number of Reference Fund Interest Units or amount of Reference Fund Interest (for the avoidance of doubt after deduction of any tax, levy, charge, assessment or fee of any nature that, in the determination of the Determination Agent, would (or would be very likely to) be withheld or deducted from such amount); provided that (a) any such proceeds that would be paid in property other than cash shall be deemed to have a value of zero and (b) if the Hypothetical Investor would be entitled to elect payment of such redemption proceeds to be made either in the form of cash or other property, then the Hypothetical Investor shall be deemed to have elected cash payment, except as otherwise specified in the Contractual Terms;
Redemption Proceeds means, in respect of the relevant amount of Fund Interests, the redemption proceeds that in the determination of the Index Sponsor would be paid by the relevant Fund to a Hypothetical Investor who, as of the relevant Redemption Valuation Date, redeems such amount of Fund Interests and (for the avoidance of doubt after deduction of any tax, levy, charge, assessment or fee of any nature that, in the determination of the Index Sponsor, would (or would be very likely to) be withheld or deducted from such amount); provided that (i) any such proceeds that would be paid in property other than
Redemption Proceeds means, with respect to any redemption of the Company’s Series AA Preferred Stock, the cash proceeds received by the holders of the Series AA Preferred Stock upon such redemption divided by the Inverse Multiple in effect at the time of such redemption.
Redemption Proceeds means the Redemption Price less any charges, costs, expenses or taxes, as described under “Redemption of Shares” of the Luxembourg Prospectus.
Redemption Proceeds means the quotient of (x) cash proceeds received by the holders of the Series AA Preferred Stock upon any redemption of the Series AA Preferred Stock divided by (y) the then applicable Series M Factor.
Redemption Proceeds means the amount due on a redemption of Shares; “Regulated Market” means any stock exchange or regulated market in the EU or a stock exchange or regulated market which is set forth in Schedule 1 to this Prospectus, or such other markets as the Directors may from time to time determine in accordance with the UCITS Requirements and as shall be specified in a supplement or addendum to this Prospectus; “Relevant Institution” means an EU credit institution; a bank authorised in a member state of the EEA (Norway, Iceland, Liechtenstein); a bank authorised by a signatory other than an EU member state or a member state of the EEA, to the Basle Capital Convergence Agreement of July 1988 (Switzerland, Canada, Japan, U.S.); or a credit institution in a third country deemed equivalent pursuant to Article 107(4) of the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012; “Relevant Supplement” means, in relation to a Fund, the Supplement published in respect of that Fund and any addenda thereto; “Securities Financing Transaction" or "SFT" means (i) a repurchase transaction; (ii) securities or commodities lending and securities or commodities borrowing; (iii) a buy-sell back transaction or sell-buy back transaction; (iv) a margin lending transaction, each as defined in the SFTR; “Securities Financing Transaction Regulation" or "SFTR" means Regulation (EU) 2015/2365 of the securities financing transactions and of revise and amending Regulation (EU) No 648/2012; “Service Providers” means the service providers of the ICAV, including the Manager, the Investment Manager, the Administrator and the Depositary; “Settlement Time” means: (i) in the case of subscriptions, the time by which funds representing subscription monies in respect of a subscription order must be received; and (ii) in the case of redemptions, the time by which funds representing redemption monies in respect of a redemption request shall be paid, as specified in the Relevant Supplement; “Share” or “Shares” means any Class of participating share or shares in the ICAV or a Fund, as the context so requires. Shares may be issuedin a Fund with voting rights or with no voting rights as specified in the Relevant Supplement;
Redemption Proceeds means the amount due on the redemption of Units;