Early Redemption Fee definition

Early Redemption Fee means the fee (if any) that is applied against the redemption proceeds payable to a Trust Unitholder for an early redemption of Trust Units, which fee is set out in the subscription agreement entered into between the Subscriber and the Trust in respect of the Trust Units.

Early Redemption Fee means, in relation to debt securities and qualifying debt securities, any fee payable by the issuer of the securities on the early redemption of the securities;

Early Redemption Fee means a fee in an amount up to 5% as determined by the Manager in its sole discretion, of the then current Unit Price that will be charged for any Units redeemed within the Lockup Period. The Manager may or may not approve a request for a premature Redemption in its sole discretion.

Examples of Early Redemption Fee in a sentence

• Early Redemption Fee for no fee funds only: Exempting Money Market and T-Bill funds and back load (DSC) funds, an early redemption fee of $40 ($32 for electronic orders) will be charged for funds held for less than 90 days.

• No Early Redemption Fee is applicable for redemptions which take place after this period.

• The Fund Manager reserves the right to waive or rebate the Management Fee, Subscription Fee or Early Redemption Fee in its sole discretion.

• Early Redemption Fee: Exempting Money Market and TBill funds and back load (DSC) funds, an early redemption fee of 1%, subject to a minimum of $43 ($35 for electronic orders) will be charged for funds held for less than 90 days.

• Payment of the Early Redemption Amount, less any Early Redemption Fee, shall satisfy in full the Issuer’s obligation to make payment of the Early Redemption Amount in respect of Cash Redemption Securities.

More Definitions of Early Redemption Fee

Early Redemption Fee means any fee, charge, or expense charged by an Investee Fund for the redemption of any Investee Fund Interest.

Early Redemption Fee means either:

Early Redemption Fee means the fee, if applicable, to Class C Units, Class D Units and Class E Units set out in the applicable Subscription Agreement that declines to 0% over time.

Early Redemption Fee means, in respect of an early redemption of the Debentures made in accordance with clause 14.1 (Early Redemption), an early redemption fee equal to:

Early Redemption Fee means an additional amount equivalent to the Early Termination Fee (as defined in the Facility Agreement);

Early Redemption Fee means the fee charged by the Bank on the Customer for Early Redemption, which shall be the higher of HKD200 or a fee calculated in accordance with the following formula:- HKD base rate (i.e. HKD Prime Rate* or Contract Interest Rate applicable to the month of Early Redemption + 2% p.a., whichever is higher – Contract Interest Rate applicable to the monthly of Early Redemption) x Principal Amount x outstanding days of the Deposit Term (commencing from (and inclusive of) the day immediately following Early Redemption) ÷ 365 days *HKD Prime Rate refers to the Bank’s HKD Prime Rate as determined by the Bank in its sole and absolute discretion from time to time.

Early Redemption Fee means an amount as of the Issue Date equal to 3% multiplied by the Issue Size and decreasing linearly to 0% by the day that is 7 calendar years following the Issue Date, as determined by the Calculation Agent. For the avoidance of doubt, where the application of General Conditions 3 and 5(c)(i) result in early termination of the Securities, any payment to the Holder of the fair market value of the Security will be reduced by the Early Redemption Fee (if applicable), as determined above;