Common use of Cancellation of Contribution Units Clause in Contracts

Cancellation of Contribution Units. After receipt of a Redemption Instruction, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in accordance with the following formula (as relevant, depending on whether the Sub-Fund is a Forward Priced Sub-Fund or an As-of Sub-Fund):: V = (N times UP) minus Anti-Dilution Levy Wherein:

Cancellation of Contribution Units. After receipt of a Redemption Instruction, MPF shall, subject to Clause 2.42.3, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in accordance with the following formula (as relevant, depending on whether the Sub-Fund is a Forward Priced Sub-Fund or an As-of Sub-Fund):: ): V = (N times UP) minus Anti-Dilution Levy Wherein:

Cancellation of Contribution Units. After receipt of a Redemption Instruction, MPF shall, subject to Clause 2.42.3, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in accordance with the following formula (as relevant, depending on whether the Sub-Fund is a Forward Priced Sub-Fund or an As-of Sub-Fund):formula: V = (N times UPUP (adjusted) minus Anti-Dilution Levy Wherein: