Provisions on unit trading Clause Samples

Provisions on unit trading. Issue and redemption of units In general, units may be subscribed or redeemed on each valuation day. Subscriptions and redemptions shall take place on the basis of prices that are unknown to the investor at the time the application is made (forward pricing). All commissions, taxes and duties payable in relation to unit subscriptions and redemptions shall be borne by the investor. If units are acquired through banks that are not entrusted with distributing the units, the possibility cannot be ruled out that such banks will levy additional transaction charges. 6.2.1.1. Acceptance deadline (cut-off) Subscription, redemption and conversion applications must reach the Depositary not later than the acceptance deadline. Applications may be revoked at any time up to the acceptance deadline. Any application received after the acceptance deadline shall be held over for the next valuation day. For applications placed with authorised distributors in Liechtenstein and abroad, an earlier deadline may be set to ensure punctual forwarding to the Depositary. This may be obtained from the relevant authorised distributor. If the acceptance deadline does not fall on a Liechtenstein bank working day, it shall be brought forward to the last Liechtenstein bank working day prior to the date originally envisaged; the time of day of the deadline shall remain the same. For specific information, see Annex I. Conversion of units The exchange of units between sub-funds or unit classes of the Fund shall be permitted. Such "conversion" of units shall take place on the standard subscription and redemption terms and conditions set out in Annex I, "Sub-fund summary". The provisions of Section 6.2.1 shall be applicable. The Fund shall be at liberty to grant special conditions on a case-by-case basis in respect of issue or redemption commissions levied in the course of such conversions. In some countries a change of sub-fund or unit class may in certain cases involve the payment of duties, taxes or stamp duties. Criteria for suspending unit issues and redemptions Unit trading may be temporarily suspended if this is deemed absolutely essential by the Management Company with due regard to the best interests of the investors. Among other possible reasons, this step may be taken if a market which forms the basis for the valuation of a substantial part of the sub-fund’s assets is closed unexpectedly or if trading on such a market is restricted or suspended; if the valuation of the sub-fund assets ...
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Related to Provisions on unit trading

  • Restrictions on Redemption The Company may not redeem any Notes on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

  • Limitations on Mergers and Liquidation Merge, amalgamate, consolidate or enter into any similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution) except: (a) any Wholly-Owned Subsidiary of the U.S. Borrower may be merged, amalgamated or consolidated with or into: (i) the U.S. Borrower (provided that the continuing or surviving Person shall be the U.S. Borrower); or (ii) any other Wholly-Owned Subsidiary of the U.S. Borrower (provided that the continuing or surviving Person shall (A) be a U.S. Subsidiary Guarantor in the case of a merger, amalgamation or consolidation involving a U.S. Subsidiary Guarantor, (B) include the Borrower in the case of a merger, amalgamation or consolidation involving the Borrower or (C) subject to clauses (i) and (ii)(B) above, be a Guarantor in the case of a merger, amalgamation or consolidation involving a Guarantor); provided further that no U.S. Credit Party may be merged, amalgamated or consolidated with or into a Credit Party (other than the U.S. Borrower) and no Credit Party (other than the U.S. Borrower) may be merged, amalgamated or consolidated with or into a U.S. Credit Party; (b) any Wholly-Owned Subsidiary of the U.S. Borrower may merge or amalgamate into the Person such Wholly-Owned Subsidiary was formed to acquire in connection with a Permitted Acquisition; (c) any Wholly-Owned Subsidiary of the U.S. Borrower may merge or amalgamate into any Person pursuant to an Asset Disposition of all of the assets of such Wholly-Owned Subsidiary permitted pursuant to Section 10.5; and (d) any Subsidiary of the U.S. Borrower (other than the Borrower) may wind-up, liquidate or dissolve; provided that (i) its assets are transferred to the U.S. Borrower or any Wholly-Owned Subsidiary of the U.S. Borrower and (ii) if such Subsidiary is (A) a U.S. Subsidiary Guarantor then the transferee shall be a U.S. Credit Party and (B) a Guarantor (other than the U.S. Borrower) then the transferee shall be a Credit Party.

  • Limitations on Distribution Notwithstanding any provision to the contrary contained in this Agreement, the General Partner shall not make a Partnership distribution to any Partner if such distribution would violate Section 17-607 of the Act or other applicable Law.

  • Limitations on Distributions Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any distribution if such distribution would violate the Act or other applicable law or would cause a breach or default under any agreement or instrument to which the Company is a party or by which it or its assets are bound, but instead shall make such distribution as soon as practicable such that the making of such distribution would not cause such violation, breach or default.

  • Restrictions on Distributions No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any distributions to the Company or the Operating Partnership or from making any other distribution on such subsidiary’s equity interests, except (A) pursuant to the agreements set forth in Exhibit E and (B) as described in the Registration Statement and the Prospectus and as prohibited by applicable law.