Minimum Redemption Amount / Minimum Holding Amount Clause Samples

The Minimum Redemption Amount / Minimum Holding Amount clause sets the lowest number of units or value that an investor must either redeem or continue to hold in a fund or investment product. In practice, this means investors cannot redeem amounts below a specified threshold, and after any redemption, their remaining balance must not fall below the minimum holding requirement. This clause helps the fund maintain operational efficiency and manage administrative costs by preventing small, uneconomical transactions and ensuring that investors retain a meaningful stake in the fund.
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Minimum Redemption Amount / Minimum Holding Amount. A partial redemption may be in an amount not less than the Minimum Redemption Amount as set out in Annex A for each Sub-Fund, which amount is subject to waiver, decrease or increase by the Management Company. It is expected that a Unitholder’s remaining investment in the Class will be at least the Minimum Holding Amount as set out in in Annex A for each Sub-Fund, which amount is subject to waiver, decrease or increase by the Management Company. The Management Company may redeem compulsorily all or some of the Units held by any Unitholder if the value of the Unitholder’s aggregate holding of Units in the Class falls below the Minimum Holding Amount.
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Related to Minimum Redemption Amount / Minimum Holding Amount

  • Date Fixed for, and Notice of, Redemption; Redemption Price; Reference Value In the event that the Company elects to redeem the Warrants pursuant to Sections 6.1 or 6.2, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice. As used in this Agreement, (a) “Redemption Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Sections 6.1 or 6.2 and (b) “Reference Value” shall mean the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Notes Payable on Redemption Date The Notes or portions thereof to be redeemed shall, following notice of redemption as required by Section 10.02, on the Redemption Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on the Redemption Price for any period after the date to which accrued interest is calculated for purposes of calculating the Redemption Price.

  • Make-Whole Amount The term “

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Funding Amount “Funding Amount” means an amount not to exceed One Million Four Hundred Thousand Dollars ($1,400,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.