Class Value per Share definition

Class Value per Share shall have the meaning ascribed to such term in the Trust Agreement.
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Class Value per Share means, with respect to any Class of a Fund, an amount equal to the quotient of such Class’ Class Value divided by the number of Shares of such Class issued and outstanding at the time of determination.
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Examples of Class Value per Share 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.

  • 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.

  • 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.

  • The Sponsor shall continuously measure for any material deviation between the Class Value per Share of each Class of each 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.

  • The Sponsor may, in its sole and absolute discretion, cause any 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.

  • A Fund will establish a new Share Index Factor that, in the case of such Fund’s Up Shares, will equal the quotient obtained by dividing (A) the Class Value per Share of such Class immediately following such Regular Distribution or Special Distribution and any such Corrective Distribution by (B) the level on such day of such Fund’s Underlying Index, and in the case of such Fund’s Down Shares, will equal the product obtained by multiplying the Share Index Factor of such Fund’s Up Shares by negative one (-1).

Related to Class Value per Share

  • Book Value Per Share is the Bank’s equity capital (excluding FAS 115 and FAS 158 adjustment and Extraordinary Items) at the end of the Plan Year divided by the Plan’s number of Phantom shares of one million three hundred sixty thousand (1,360,000).

  • Market Value per Share means, as of any particular date, the closing price of a Common Share as reported for that date on the New York Stock Exchange or, if the Common Shares are not then listed on the New York Stock Exchange, on any other national securities exchange on which the Common Shares are listed, or if there are no sales on such date, on the next preceding trading day during which a sale occurred. If there is no regular public trading market for the Common Shares, then the Market Value per Share shall be the fair market value as determined in good faith by the Committee. The Committee is authorized to adopt another fair market value pricing method provided such method is stated in the applicable Evidence of Award and is in compliance with the fair market value pricing rules set forth in Section 409A of the Code.

  • Fair Market Value Per Share means as of any date the fair market value of each of the Shares on such date (the "applicable date") as determined by the Option Committee in good faith. The Option Committee is authorized to make its determination as to the fair market value on the following basis: (i) if the Shares are not traded on a securities exchange and are not quoted on the National Association of Securities Dealers, Inc.'s Automated Quotation System ("NASDAQ"), but are quoted on the Over The Counter Electronic Bulletin Board operated by NASDAQ, "Fair Market Value per Share" shall be the mean between the average daily bid and average daily asked prices of the Shares on the applicable date, as published on such bulletin board; (ii) if the Shares are not traded on a securities exchange and are quoted on NASDAQ, "Fair Market Value per Share" shall be the closing transaction price of the Shares on the applicable date, as reported on NASDAQ; (iii) if the Shares are traded on a securities exchange, "Fair Market Value per Share" shall be the daily closing price of the Shares, on such securities exchange as of the applicable date; or (iv) if the Shares are traded other than as described in (i), (ii) or (iii) above, or if the Shares are not publicly traded, "Fair Market Value per Share" shall be the value determined by the Option Committee in good faith based upon the fair market value as determined by completely independent and well qualified experts. In the case of Shares described in (i), (ii) or (iii) above, if no prices are reported for the Shares on the applicable date, the "Fair Market Value per Share" shall be the price reported for such Shares on the next preceding date on which there were reported prices.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • NAV per Share means the value of a Share determined under Section 4.1.