Redemption Unit definition

Redemption Unit means the minimum number of Shares of a Fund that may be redeemed, which shall be the number of Shares of such Fund constituting a Creation Unit on the relevant Redemption Order Date.
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Redemption Unit means a multiple of 20,000,000 Units or of such other number of Units as may be determined by the Manager from time to time, with the prior approval of the Trustee;
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Redemption Unit means a multiple of 1,000,000 (one million) Units;
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Examples of Redemption Unit in a sentence

  • To receive payment of the Redemption Price for the Securities held by you, you must surrender your Securities to the Trustee at the following address: BY MAIL BY OVERNIGHT MAIL BY HAND The Bank of New York The Bank of New York The Bank of New York P.O. Box 11265 101 Barclay Street 101 Barclay Street Church Street Station Bond Redemption Unit Bond Redemption Unit Fiscal Agencies Dept.

  • East Syracuse, New York 13057 Attn: Bond Redemption Unit - Corporate Trust Operations Tel: 1-800-254-2826 Mueller Water Products, Inc.

  • The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Baskets of Shares in lot sizes smaller than the Redemption Unit and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in this Article IX.

  • In the event that an aggregation of iShares is incomplete on the settlement date for a Redemption Unit of iShares, the Fund will issue the Deposit Securities notwithstanding such deficiency in reliance on the undertaking of Participant to deliver the missing iShares as soon as possible, which undertaking shall be secured by such Participant's delivery and maintenance of collateral consisting of cash having a value at least equal to 125% of the value of the missing iShares.

  • Except as provided in the next two paragraphs, the Deposit Securities representing a Redemption Unit will be issued concurrently with the transfer of good title to Fund of the required aggregation of iShares through the NSCC's Continuous Net Settlement (CNS) system and the delivery of the Cash Component less the purchase transaction fee through the DTC.

  • The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of baskets of Shares in lot sizes smaller than the Redemption Unit and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 9.1.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York Mellon Trust Company, N.A., 111 Sanders Creek Parkway, East Syracuse, New York 13057 – Corporate Trust Operations, Redemption Unit.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date, subject to the satisfaction of the condition set forth in the prior paragraph, only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York Mellon Trust Company, N.A., 111 Sanders Creek Parkway, East Syracuse, New York 13057 — Corporate Trust Operations, Redemption Unit.

  • The Redemption Price shall be payable on presentation and surrender of certificates representing the Trust Securities at the offices of The Bank of New York (New York) located at 101 Barclay Street, New York, New York 10286, Attention: Bond Redemption Unit - 7 East.

  • The Redemption Price for a beneficial interest in a Note will be paid on or after the Redemption Date only upon presentation and surrender of such Note to the Trustee (which is also the Paying Agent) at the following address: The Bank of New York, 111 Sanders Creek Parkway, East Syracuse, New York 13057 – Corporate Trust Operations, Redemption Unit.


More Definitions of Redemption Unit

Redemption Unit means 500,000 Units or such other number of Units as from time to time determined by the Manager, with the prior consultation of the Trustee;
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Redemption Unit means a block of pairs of Up Shares and Down Shares of a Fund, which shall be in the number of Shares of such Fund constituting a Creation Unit on the relevant Redemption Order Date.
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Redemption Unit has the meaning set forth in Article VI, Section 2(b);
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Redemption Unit means the specified number of ETF units determined by the management company, upon consultation with the trustee and clearly disclosed in the ETF’s prospectus, for redemption of the ETF’s portfolio.
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Redemption Unit means a multiple of 500,000 Units or such other multiple as from time to time determined by the Manager, with the prior approval of the Trustee and specified in this Prospectus;
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Related to Redemption Unit

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.