Examples of Wind Down in a sentence
Management Fees and Performance Fees shall cease to be payable during the Orderly Wind Down as described in the relevant Annex A.
Unless otherwise resolved by the Management Company, Operations Fees shall be payable during the Orderly Wind Down as described in the relevant Annex A.
If the Orderly Wind Down has not been completed within the Realization Period, the UCITS shall extend the Realization Period and inform Unitholders thereof.
During an Orderly Wind Down the main objective of the Management Company shall be to seek to return the value of the assets of the Sub-Fund (after payment of liabilities) to the Unitholders by expediting realization while minimizing losses and the Management Company may take such steps as it considers, in its absolute discretion, to be in the best interests of the Unitholders to reach this goal (however there is no guarantee that this goal will be reached).
With respect to the liquidation of a Sub-Fund, the UCITS shall effect an orderly realization of the assets of the Sub-Fund as reasonably practicable and wind down the Sub-Fund (the "Orderly Wind Down").