Umbrella Cash Account definition

Umbrella Cash Account means any single umbrella cash account in the name of the Company;
Umbrella Cash Account means any single umbrella cash account in the name of the Company; “Unhedged Share Class” means any Share Class that does not include “(Hedged)” in its name; “United Kingdom” or “UK” means England, Northern Ireland, Scotland and Wales;
Umbrella Cash Account means (a) a cash account designated in a particular currency opened

Examples of Umbrella Cash Account in a sentence

  • Shareholders due dividend monies which are held in an Umbrella Cash Account will rank equally with all other unsecured creditors of the relevant Fund and will be entitled to a pro-rata share of monies which are made available to all unsecured creditors by the insolvency practitioner.

  • Therefore in such circumstances, the Shareholder may not recover all monies originally paid into an Umbrella Cash Account for onward transmission to that Shareholder.

  • Redemption and dividend payments will, pending payment to the relevant investors, be held in the Umbrella Cash Account.

  • Therefore in such circumstances, the investor may not recover all monies originally paid into an Umbrella Cash Account for onward transmission to that investor.

  • Redeeming investors and investors entitled to dividend payments held in the Umbrella Cash Account will be unsecured creditors of the relevant Fund with respect to those monies.


More Definitions of Umbrella Cash Account

Umbrella Cash Account means (a) a cash account designated in a particular currency opened in the name of the Company on behalf of all Funds into which (i) subscription monies received from investors who have subscribed for Shares are deposited and held until Shares are issued as of the relevant Dealing Day; or (ii) redemption monies due to investors who have redeemed Shares are deposited and held until paid to the relevant investors; or (iii) dividend payments owing to Shareholders are deposited and held until paid to such Shareholders.
Umbrella Cash Account means (a) a cash account designated in a particular currency
Umbrella Cash Account means the account in the name of the Company through
Umbrella Cash Account means a cash account designated in a particular currency opened in
Umbrella Cash Account means any single umbrella cash account in the
Umbrella Cash Account means a cash account opened in the name of the ICAV
Umbrella Cash Account means a cash account opened at umbrella level in the name of the