Confirmation of Participation definition

Confirmation of Participation means the instrument evidencing the extent of a
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Confirmation of Participation means the instrument evidencing the extent of aParticipant’s proportionate interest in the Fund.“Fund”shall have the meaning set forth in Section 3.1 hereof.“Fund Specifications”shall mean the features of the Fund set forth in Appendix I hereto, which shall form an integral part hereof.“Good Order”shall mean the manner in how subscriptions and redemptions would be considered transacted. Subscriptions orders shall be in Good Order if upon receipt, settlement is on cleared funds. Investors who shall settle their subscription via check shall be advised by the account officer that subscription will be processed after the check payment has cleared. Redemption orders shall be in Good Order upon receipt of accomplished redemption form and indemnity form before cut-off time.“Material Change”shall mean a change in the investment objective, business structure, operations or commercial terms of the Fund that would be considered important by a reasonable investor in determining whether to invest or continue to hold units of the Fund. Examples of these would be the following:• Change in Investment Objective• Change in Fees• Change in frequency of subscriptions and redemptions• Change in minimum holding period• Change in tax treatments Generally, material changes would result to an amendment of the Fund’s Plan Rules. Non-material changes as opposed to material changes are those which would not have much impact on the decision of an investor to invest or remain invested in the Fund.“Multi-Class Fund”shall mean a UIT Fund structure which has more than one class of units in the Fund and is invested in the same pool of securities and the same portfolio, under the same investment objectives and policies.“Net Asset Value”(NAV)shall mean the value of the Fund as a whole, which is derived from the summation of the market value of the underlying securities of the Fund plus accrued interest income and otherreceivables less liabilities and qualified expenses.
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Confirmation of Participation or “COP” or “Confirmation” shall mean the instrument issued by the Trustee to a Contributor or Trustor as evidence of participation in the Fund.
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Examples of Confirmation of Participation in a sentence

  • A Confirmation of Participation or Transaction Advice shall be provided to the Participant for subsequent transactions.

  • Upon admission, the Participating Trust Agreement and/or Confirmation of Participation shall be made available to the Participant.

  • Upon initial participation, the Participating Trust Agreement and Confirmation of Participation shall be made available to the Participant.

  • For participations done via the PNB UITF Online Facility, the client will be provided with an electronic copy of his/her Participating Trust Agreement (PTA) and Confirmation of Participation (COP).

  • The participant shall present the Confirmation of Participation to the Trustee when making redemption.

  • A Confirmation of Participation or Transaction Advice shall be provided to the Participant for all transactions c.

  • Contributions of the TRUSTOR/s into the FUND shall be evidenced by a separate Confirmation of Participation (COP) or Transaction Advice issued by the TRUSTEE for this purpose.

  • Participations in the Fund can be done via the following channels: Any PNB Branch – Participants will be provided with a physical copy of their Participating Trust Agreement (PTA) and Confirmation of Participation (COP).

  • The TRUSTOR’s investment in the FUND shall be expressed in terms of number of units of participation as appearing in the TRUSTOR’s Confirmation of Participation / Transaction Advice.

  • Participation in the Fund shall be evidenced by a Participating Trust Agreement and/or a system generated Confirmation of Participation for face-to-face and online contributions, and an electronic copy for online transactions only as evidence of his/her/their participation.

Related to Confirmation of Participation

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

  • Participation Agreement means a written agreement entered into between a Participant and the Employer pursuant to the provisions of Section 4.1

  • Effective date of participation means July 1, 1968, except with

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Swing Line Loan Participation Certificate a certificate in substantially the form of Exhibit I.

  • Participation Notice has the meaning set forth in Section 4.2;

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Notice of Award of Contract / „Letter of Award‟ shall mean the official notice issued by the Owner notifying the Contractor that his bid has been accepted.

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.