Balancing Amount definition
Balancing Amount means an amount equal to the difference between the NAV of a Creation Unit and the market value of the In-Kind Creation (or Redemption) Basket, used to ensure that the NAV of a Fund Deposit (or Redemption) (other than the Transaction Fee), is identical to the NAV of the Creation Unit being purchased.
Balancing Amount means an amount of cash equal to the difference between the net asset value of a Creation Unit and the market value of the Deposit Securities (in the case of an creation) or the market value of the Redemption Securities (in the case of a redemption). For the creation of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable to the ETF Series by the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable by the ETF Series to the Authorized Participant. For redemptions of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable by the ETF Series to the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable to the ETF Series by the Authorized Participant.
Balancing Amount means the estimated additional cash amount needed to cover transaction fees, fractional shares and other specified costs payable to the Fund to purchase the Deposit Securities underlying a single creation unit of the Fund or to transfer or sell Redemption Securities underlying a single creation unit of the Fund.
Examples of Balancing Amount in a sentence
The Fund Deposit shall consist of the requisite Deposit Securities plus or minus a Balancing Amount.
The Balancing Amount will be payable to or receivable from the Fund depending on the net asset value of Shares of the Fund next determined after the Order has been placed.
The Fund may permit or require the substitution of an amount of cash to be added to the Balancing Amount to replace any Deposit Securities (i.e., “cash in lieu”).
In addition, the Participant acknowledges and agrees that the computation of any Balancing Amount to be paid by or to the Participant shall exclude any taxes or other fees and expenses payable upon the transfer of beneficial ownership of Shares or Deposit Securities.
More Definitions of Balancing Amount
Balancing Amount means an amount equal to the aggregate of:
Balancing Amount means an amount of cash equal to the difference between the net asset value of a Creation Unit and the market value of the Deposit Securities (in the case of an creation) or the market value of the Redemption Securities (in the case of a redemption). For the creation of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable to the ETF Series by the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable by the ETF Series to the Authorized Participant. For redemptions of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable by the ETF Series to the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable to the ETF Series by the Authorized Participant. Cash Component: means an amount of cash consisting of the Balancing Amount and a Transaction Fee. Clearing Process: means CNS (defined below), the NSCC clearing and settlement process for the creation and redemption of Creation Units for securities in kind.
Balancing Amount will be an amount equal to the differential, if any, between the total aggregate market value of the Deposit Securities and the NAV per Creation Unit next determined.
Balancing Amount means an amount of cash equal to the difference between the net asset value of a Creation Unit and the market value of the Deposit Securities (in the case of an issuance) or the market value of the Redemption Securities (in the case of a redemption). For issuances of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable to the ETF Series by the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable by the ETF Series to the Authorized Participant. For redemptions of Creation Units, if the Balancing Amount is a positive number, then it will be an amount that is payable by the ETF Series to the Authorized Participant and if the Balancing Amount is a negative number, then it will be an amount that is payable to the ETF Series by the Authorized Participant. Bank: as the context requires means JPMorgan Chase Bank, N.A. in its capacity as Transfer Agent, Index Receipt Agent or Custodian for the Trust.
Balancing Amount means a positive or negative amount equal to the Additional Payment less the Estimated Additional Payment;
Balancing Amount means an amount of cash equal to the difference between (i) the NAV attributable to a Creation Unit and
Balancing Amount means an amount equal to the aggregate of:(a) the Working Capital Shortfall (expressed as a negative number) or the Working Capital Excess; and(b) the Net Debt Shortfall or the Net Debt Excess (expressed as a negative number); “Board of Directors” means the board of directors of the Company consisting of all the Directors so appointed from time to time or any duly appointed committee thereof; “Books and Records” means all books of account, financial and accounting records, correspondence, documents, files, memoranda and other papers (in electronic, paper or other form) relating to the Company and the Subsidiaries and all computer disks or tapes or other machine legible programs relating to the Company and the Subsidiaries; “Business” means the research, development, design, manufacture, marketing and sale of [*****]; “Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for business in both London and California; “California Subsidiary” means Cavendish Kinetics Inc., a California corporation incorporated as a wholly-owned subsidiary of the Company; “Cash” means:(a) all cash or cash equivalents held by or for any Group Company; and(b) all balances of any Group Company with any bank or other financial institution,but excluding any Trapped Cash; “Change of Control”, “Control”, “Controller” and “Controlled” each has the meaning given in paragraph 2 of this Schedule 1; “Claim Amount” has the meaning given in clause 13.7(a); “Claim Notice” has the meaning given in clause 13.7(a); “Code” means the Internal Revenue Code of 1986 of the United States, as amended; “[*****]” means [*****]; “[*****] Warrant Instruments” means: (a) the Warrant to Purchase Stock issued on [*****] in relation to [*****] Series B‑1 Preferred Shares; and (b) the Warrant to Purchase Stock issued on [*****] in relation to [*****] Series E Preferred Shares;