Organisational Expenses definition

Organisational Expenses means the organisational expenses incurred by the ICAV in the formation and establishment of the ICAV or a Fund or Class and the raising of its share capital including without limitation the fees of the professional advisers of the ICAV, commissions payable to brokers and others for underwriting, placing, selling, guaranteeing or procuring the underwriting, placing or selling of or guaranteeing the subscription for any shares, debentures or securities of the ICAV and any costs or expenses (whether incurred directly by the ICAV or not) incurred in connection therewith or with any subsequent application for a listing or quotation of any of the Participating Shares in the ICAV on any exchange or any application for registration, authorisation or recognition of the ICAV in any country and any other expenses which the Directors consider to be in the nature of such expenses.
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Organisational Expenses means out-of-pocket costs and expenses incurred by the Management Company and any of its affiliates for the purposes of structuring and establishing the Fund.
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Organisational Expenses means the costs of registration, incorporation and launch of the Fund; “Other Expenses” means the fees, costs and expenses in connection with the ongoing operations of the Fund, excluding the Administrator Fee, the Custodian Fee and the Oversight Fee, but including the Auditor’s fees, and other fees, costs and expenses incurred in the operation and administration of the Fund; “Oversight Committee” means the panel or board appointed to oversee and supervise the Fund Manager as required under the CIL and the CIR; “Oversight Fee” means the fee paid to the Oversight Committee in consideration of its services; “Prohibited Person(s)” means any person, firm, partnership or corporate body, if in the sole opinion of the Fund, such holding may be detrimental to the interests of the existing Shareholders or of the Fund, if it may result in a breach of any law or regulation, whether in the DIFC, the UAE or otherwise, or if as a result thereof the Fund may become exposed to tax disadvantages, fines or penalties that it would not have otherwise incurred. US Persons are considered Prohibited Persons in the Fund; “Prospectus” means this prospectus, as may be amended, updated or supplemented from time to time; “Redemption Fee” means, in relation to the redemption of Shares, an amount payable by an applicant upon the redemption of such Shares, as described in the section headed “Key Terms of the Fund”; “Redemption Day” means a Valuation Day when a Share may be redeemed, described in the section headed “Key Terms of the Fund”; “Redemption Gate” means a limit to the number or value amount of a Class of Shares or of the Fund that may be redeemed as of any Redemption Day, as may be described in this Prospectus; “Redemption Price” means the price at which Shares will be redeemed, as further described in the section headed “Key Terms of the Fund”; “Related Party” means any of the following persons:
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Examples of Organisational Expenses in a sentence

  • The Organisational Expenses payable by the ICAV may in the accounts of the ICAV be carried forward and amortised in such manner and over such period as the Directors may determine and the Directors may at any time and from time to time determine to lengthen or shorten any such period.

  • Any Organisational Expenses attributable to one or more Funds shall be allocated between the relevant Funds pro rata and shall be subject to such adjustment following the establishment of new Funds as the Directors may determine.

  • Any Organisational Expenses payable by the ICAV may in the accounts of the ICAV be carried forward and amortised in such manner and over such period as the Directors may determine and the Directors may at any time and from time to time determine to lengthen or shorten any such period.

  • Any Organisational Expenses attributable to one or more Sub-Funds shall be allocated between the relevant Sub-Funds pro rata and shall be subject to such adjustment following the establishment of new Sub-Funds as the Directors may determine.

  • For the avoidance of doubt the Directors may also determine where disclosed in the Prospectus or Supplement for a Fund to allocate Organisational Expenses to one or more Classes within a Fund subject to and in accordance with the requirements of the Central Bank where the Directors in their sole discretion deem it fair and reasonable to do so.

  • Such Master Fund Organisational Expenses may be carried forward and amortised in such manner and over such period as the Directors may determine and the Directors may at any time and from time to time determine to lengthen or shorten any such period.

  • Any Organisational Expenses attributable to one or more Segregated Portfolios shall be allocated between the relevant Segregated Portfolios pro rata and shall be subject to such adjustment following the establishment of new Segregated Portfolios as the Directors may determine.

  • Any Organisational Expenses attributable to one or more Funds shall be allocated between the relevant Funds pro rata or in such other manner as the Directors shall in their sole discretion determine and disclose in the Prospectus or Supplement for a Fund and may for the avoidance of doubt be subject to such adjustment/reimbursement following the issue of new Classes or series of Classes in a Fund and/or establishment of new Funds and Classes as the Directors may in their sole discretion determine.

  • Unless otherwise determined by the Directors, the Organisational Expenses shall initially be paid out of the proceeds of the initial issue of Participating Shares in the initial Fund(s) and then, if further Funds are added, at the discretion of the Directors, each additional Fund may (but shall not be required to) be allocated its pro-rated share of such fees and expenses and the share borne by the initial Fund(s) shall be reduced accordingly.

  • Any Organisational Expenses attributable to one or more Funds shall be allocated between the relevant Funds, and shall be subject to such adjustment following the establishment of new Funds, in each case as the Directors may determine.


More Definitions of Organisational Expenses

Organisational Expenses means all costs incurred in connection with the
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Organisational Expenses means the organisational expenses incurred by the
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Organisational Expenses means those costs and expenses referred to in Clause 24.1.
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Organisational Expenses means the organisational expenses as further described in the Special Section for the relevant Sub-Fund.
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Organisational Expenses means all costs incurred in connection with the formation of
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Related to Organisational Expenses

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Reasonable Additional Expenses means expenses for meals, taxi fares, essential telephone calls, local transportation, and lodging which are necessarily incurred as the result of Trip Delay and which are not provided by the Common Carrier or any other party free of charge.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Current Expenses means operating costs other than personal services and shall not

  • Health care expenses means, for purposes of Section 14, expenses of health maintenance organizations associated with the delivery of health care services, which expenses are analogous to incurred losses of insurers.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Expenses shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation for time spent by Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.