Class Value definition

Class Value shall have the meaning ascribed to such term in the Trust Agreement.
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Class Value means, with respect to any Class of a Fund, the liquidation value of such Fund attributable to such Class, and specifically with regard to the Initial Funds, as set forth in Section 4.4.
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Class Value means, with respect to a particular Class, the sum at any time of the Fund Class Values of such Class for all of the Funds;
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Examples of Class Value in a sentence

  • If the Closing Trading Price for a Share of a Fund on any Business Day is not based on one or more trades occurring on the Exchange during the last 30 minutes of that day, the Closing Trading Price for that day will be deemed not to have deviated from such Share’s Class Value per Share on that day for the purposes of measuring for a Corrective Distribution.

  • The Sponsor shall continuously measure for any material deviation between the Class Value per Share of each Class of each Initial Fund and the Closing Trading Prices of such Class’ Shares where the Closing Trading Prices are based on one or more trades occurring within the last 30 minutes of trading.

  • Except as provided in Section 7.3 hereof, no Shareholder shall be bound by, or be personally liable for, the Expenses of the Trust or any Fund in excess of the Class Value per Share attributable to such Shareholder’s Shares.

  • The Sponsor may, in its sole and absolute discretion, allocate a Fund’s extraordinary fees and expenses to each of such Fund’s Classes in proportion to the Class Value of such Class.

  • Changes in the Class Value of each Class shall be based on changes in the Fund’s Underlying Index and Net Investment Income and, in the case of the AccuShares Spot CBOE VIX Fund, the VIX Fund Daily Amount, and limited by the Class Value per Share Limitation.

  • Similarly, for any single Distribution Date associated with a Regular Distribution or Special Distribution, the relationship between Class Value per Share and distribution entitlement for the Down Shares of a Fund and such Fund’s Underlying Index will be the Down Share Index Factor and, in the case of the AccuShares Spot CBOE VIX Fund, the VIX Fund Daily Amount.

  • The Class Value per Share of each Share of a Fund will be calculated by the Sponsor or the Custodian for the Fund appointed pursuant to Section 10.1 hereof by taking its Class’ Class Value and dividing it by the number of Shares of such Class outstanding at the time of determination.

  • As determined by the Sponsor, in its sole and absolute discretion, without the vote or consent of Shareholders, on any matter submitted to a vote of Shareholders either (i) each Share of a Class shall be entitled to one vote as to any matter on which it is entitled to vote or (ii) each dollar of Class Value shall be entitled to one vote on any matter on which such Shares are entitled to vote.

  • The Sponsor may, in its sole and absolute discretion, cause any Initial Fund to declare a forward share split or a reverse share split with respect to its Up Shares or Down Shares, and in the event of any such forward share split or reverse share split the Class Value per Share of such Class shall be adjusted accordingly.

  • Investment Class For Investment Class of a Fund, the Insurance Fee is calculated as an annual percentage of its Class Value.


More Definitions of Class Value

Class Value has the meaning specified in Section 9.3 of the Contract;
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Related to Class Value

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class A Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class A Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of such day; provided, however, that with respect to the first Monthly Period, the Class A Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class A Non-PO Optimal Amount As to any Distribution Date, the sum for such Distribution Date of (i) the Class A Interest Accrual Amount, (ii) the Aggregate Class A Unpaid Interest Shortfall and (iii) the Class A Non-PO Optimal Principal Amount.

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.