Examples of Replacement Investor in a sentence
In derogation of the previous sentence, the first issue of Participations to a Legal Successor, Group Entity, Indirect Investor or Replacement Investor takes place on the Trading Day on which the original Participant’s Participations are redeemed in accordance with Article 13.1 and at the Net Asset Value as calculated on the Valuation Date following that Trading Day.
If the Manager has complied with a request as referred to in Article 6.6 of these Fund Terms and Conditions, the choice made by the original Participant in accordance with Article 4.8 is deemed to have been made by its Legal Successor, Group Entity, Indirect Investor or Replacement Investor and the original Participant’s right to dividend distribution passes to its Legal Successor, Group Entity, Indirect Investor or Replacement Investor.
In the event of a special redemption request the exiting Participant will exit, while its Legal Successor, Group Entity, Indirect Investor or Replacement Investor will enter, on the same Trading Day, with both entry and exit taking place at the Net Asset Value of the redeemed Participations on the Valuation Date referred to in Article 13.1, final sentence.
In the event of a special redemption request from a Prospective Participant, the Prospective Participant will exit the Pipeline for the (Outstanding) Committed Amount indicated on the Written special redemption request, while its Legal Successor, Group Entity, Indirect Investor or Replacement Investor will immediately substitute the Prospective Participant for that same amount and place (month) in the Pipeline.
The same applies by analogy in respect of any prospective Legal Successor, Group Entity, Indirect Investor or Replacement Investor.
The Manager will take the interest of other (Prospective) Participants into account; • the Indirect Investor can be considered an indirect / economic owner of Participations in the Fund as investor in an (alternative) investment fund or UCITS which is a Participant; and • the Legal Successor, Group Entity, Indirect Investor or Replacement Investor meets the regular requirements for accession, as mentioned in Articles 5.1 and 6.1 of these Fund Terms and Conditions.
Except in the event of a first issue of Participations to a Legal Successor, Group Entity, Indirect Investor or Replacement Investor in accordance with Article 11.3, the issue price for each subsequent issue of Participations will, in principle, be equivalent to the Net Asset Value, it being understood that, in the event provided for in Article 7.2, the Manager will pass on the Offer Risk to the Acceding Participant(s) using the Individual Entry Price in accordance with Articles 11.8.
In the event of a first issue of Participations to a Legal Successor, Group Entity, Indirect Investor or Replacement Investor in accordance with Article 11.2 of these Fund Terms and Conditions, there is no Offer Risk.
Among the segment of the workforce with relatively high educational attainment (secondary or higher), access to formal wage employment overall appears about equal for men and women.
The foregoing applies by analogy in respect of a Legal Successor, Group Entity, Indirect Investor or Replacement Investor acceding the Fund for the first time as a result of the application of the special arrangement of Articles 6.6 to 6.8 inclusive of these Fund Terms and Conditions, unless otherwise agreed.