NAV Sample Clauses

NAV. The Company’s net asset value, calculated pursuant to the Valuation Guidelines. Net Income. For any period, the Company’s total revenues applicable to such period, less the total expenses applicable to such period other than additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company’s assets.
NAV. The net asset value of all Assets calculated by the total value of all Assets minus the total value of all liabilities. For the purposes of determining, the Properties shall be valued as of the date specified by the Board of Directors.
NAV. (a) Permit the aggregate NAV of such Borrower’s investment portfolio to decline in value by more than 50% in any single calendar quarter; or
NAV. The Company’s net asset value, calculated pursuant to the Valuation Guidelines; provided, however, that until the Registration Statement is declared effective by the Securities and Exchange Commission, the NAV will be calculated in accordance with past practices and will not be calculated on a daily basis. Net Income. For any period, the Company’s total revenues applicable to such period, less the total expenses applicable to such period other than additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company’s assets.
NAV. On the Agreement Date, each Fund’s Market-Based NAV, determined at the time of the determination, in accordance with Rule 22c-1, of its final NAV for such date, was greater than or equal to $0.995;