Determination of the Net Asset Value Clause Samples

The "Determination of the Net Asset Value" clause defines the process for calculating the total value of a fund or investment entity's assets minus its liabilities. Typically, this involves periodic valuation of all portfolio holdings, accounting for accrued income, and deducting any outstanding debts or obligations. This clause ensures that all parties have a clear and consistent method for establishing the value of their interests, which is essential for transactions such as subscriptions, redemptions, or performance calculations, thereby promoting transparency and fairness in financial dealings.
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Determination of the Net Asset Value. Under the responsibility of the Manager and the General Partner, the Administrative Agent shall determine on each Valuation Day, in accordance with Generally Accepted Accounting Principles in Luxembourg and Luxembourg law, the Net Asset Value (“NAV”) of the Partnership and within the conditions as set-out in the Term Sheet. The NAV of a Partnership consists of the market value of such Partnership’s consolidated assets less its consolidated liabilities determined in accordance with the Articles of Incorporation. The market value of the Partnership’s consolidated assets represents the Net Gross Asset Value (“GAV”) of the Partnership. Below is the method to be used for the determination and calculation of the NAV.
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Determination of the Net Asset Value. Following agreement or determination of the Completion Accounts in accordance with this Schedule 6, for the purposes of Clause 3.6, the amount of the Net Asset Value shall be determined by reference to the Completion Accounts. HK$ HK$ HK$ HK$ HK$ HK$ HK$ Property, plant and equipment Right-of-use assets Deferred taxation assets Prepayments and deposits Current account with ▇▇▇▇▇ Limited Cash and bank balances Accounts payable Accruals and other payables Current account with ▇▇▇▇▇▇’▇ Bank loans Lease liabilities Lease liabilities Share capital Property, plant and equipment revaluation reserve Retained earnings/(accumulated losses) ────────── ────────── ────────── ────────── ────────── ────────── ────────── HK$ HK$ HK$ HK$ HK$ HK$ HK$ Revenues Cost of sales Gross profit Other income and net gain/(loss) Selling and marketing expenses Administrative and other operating expenses Change in fair value of investment properties Operating profit/(loss) Finance costs Profit/(loss) before tax Taxation charge/(credit) Profit/(loss) for the period 1. All such licence agreements as set out in the Due Diligence Documents at item 3.1 under the document folder entitled “SPA Lists and Documents” and marked with an asterisk (*) in the corresponding column “To be Terminated”. 2. All such contracts and agreements as set out in the Due Diligence Documents at item 4 under the document folder entitled “SPA Lists and Documents” and marked with an asterisk (*) in the corresponding column “To be Terminated”. 1. There was no relevant notice of change of particulars of secretary and director (i.e. Form D2B) filed at the Hong Kong Companies Registry in respect of the change of address of the company secretary in 2002. 2. There was no record of board approval for the change of registered office address in 2005. 3. There was no record of approval for the appointment of the first auditors, Messrs. ▇▇▇▇ ▇▇▇▇ ▇▇▇ & ▇▇▇▇ in 1993.
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Determination of the Net Asset Value. The Net Asset Value of the Units of the Partnership shall be expressed in the Reference Currency. The General Partner shall set the methods whereby the Net Asset Value is made public, in compliance with the legislation in force. Such calculation shall be carried out by the Central Administrative Agent, under the supervision and the responsibility of the General Partner.
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Related to Determination of the Net Asset Value

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Determination of Amount In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Purchase Option is exercisable (and in lieu of being entitled to receive Common Stock and Warrants) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units ("Conversion Right") as follows: upon exercise of the Conversion Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number of Units equal to the quotient obtained by dividing (x) the "Value" (as defined below) of the portion of the Purchase Option being converted by (y) the Current Market Value (as defined below). The "Value" of the portion of the Purchase Option being converted shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase Option being converted from (b) the Current Market Value of a Unit multiplied by the number of Units underlying the portion of the Purchase Option being converted. As used herein, the term "Current Market Value" per Unit at any date means the remainder derived from subtracting (x) the exercise price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the Common Stock multiplied by the number of shares of Common Stock underlying the Warrants and the Common Stock issuable upon exercise of one Unit. The "Current Market Price" of a share of Common Stock shall mean (i) if the Common Stock is listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading market for the Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may be; (ii) if the Common Stock is not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith.