Adjusted NAV definition

Adjusted NAV means the Net Asset Value per Share of the Class I and Class R Distributing Class after the deduction of the Management Fee and all other payments and expenses but before the deduction of any accrued Performance Fee at the end of a Performance Period adjusted by the aggregate amount of all distributions per Share declared in respect of the Distributing Class since the initial issue of Shares in the Class.

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Adjusted NAV means NAV adjusted for the effects of the applicable Qualified Offering, determined by the following formula: the quotient of (i) the sum of (A) NAV, multiplied by the number of shares of outstanding Common Stock assuming full conversion of Series D Preferred Stock, plus (B) the net offering proceeds from the Qualified Offering, divided by (ii) the number of shares of Common Stock outstanding after the Qualified Offering.

Adjusted NAV means, at the relevant date: (a) NAV; (b) less an amount equal to the aggregate of the Company's share capital and the amount standing to the credit of the Company's share premium account as converted (where appropriate) into US dollars at the actual exchange rates at which such subscriptions were converted into US dollars; and (i) less the amount (if any) by which an 8% annual rate of return on the aggregate of the Company's share capital and the amount standing to the credit of the Company's share premium account, calculated from the relevant dates of payment to the Company of such share capital and share premium, exceeds the aggregate of the dividends paid by the Company since its incorporation, inclusive of any tax credit in respect of such dividends; or (ii) aggregating therewith the amount (if any) by which the aggregate of the dividends paid by the Company since its incorporation, inclusive of any tax credit in respect of such dividends, exceeds an 8% annual rate of return on the aggregate of the amount standing to the credit of the Company's share capital and share premium account calculated from the relevant dates of payment of such share capital and share premium.

Examples of Adjusted NAV in a sentence

• To the extent that payments have to be made under such agreements by InCentive after the expiry of the Offer Period, such future payments shall be taken into account in full in calculating the Adjusted NAV.

• The Operating Partnership will pay the Advisor a monthly management fee (the “Management Fee”) equal to 0.0625% of GAV (subject to a cap of 0.125% of Adjusted NAV), before giving effect to any accruals (related to the month for which the Management Fee is being calculated) for the Management Fee, the Distribution Fee, the Performance Allocation (as defined in the Operating Partnership Agreement) or any distributions.

• Any such asserted obligation of ▇▇▇▇▇ & Nephew shall be included as a liability in the calculation of the Adjusted NAV per InCentive Share pursuant to Section 2.2.

• The Initial Escrow Amount shall be increased to the extent that InCentive's Adjusted NAV at the end of the Offer Period includes receivables in excess of CHF 1,000,000 (the resulting amount being the "AGGREGATE ESCROW AMOUNT").

• As of the Settlement Date, any and all taxes which are due or become payable by InCentive or any of its subsidiaries for any periods ending on or prior to the Settlement Date or in respect of any transaction entered into or completed prior to or on the Settlement Date have been fully paid or provisioned against in the Interim Financials and accordingly reduce the Adjusted NAV.

More Definitions of Adjusted NAV

Adjusted NAV shall have the meaning set forth in Section 2.2.

Adjusted NAV means the NAV, plus the value attributable to any series of Preferred Units that mirror a series of preferred stock of the Company that is convertible into common equity.

Adjusted NAV means the net asset value of Plaza Ventures based on the unaudited management accounts of Plaza Ventures for the period from 1 January 2016 to 30 November 2016 (“Management Accounts”), as at 30 November 2016 (“Management Accounts Date”) as adjusted and prepared on the following assumptions and bases:

Adjusted NAV means the value of the Qualifying Assets comprised in the Assets less liabilities which is that proportion equal to the percentage of the Assets represented by Qualifying Assets.

Adjusted NAV means, in respect of a Fund and any day, the net asset value per unit or share of such Fund determined by the Calculation Agent in good faith and in a commercially reasonable manner, taking into account any Crystallisation Event and/or such other factors as the Calculation Agent considers to be appropriate, including, but not limited to:

Adjusted NAV means the Net Asset Value per share before the reduction for the current year’s incentive fee, if any and after reduction of any other costs and fees.

Adjusted NAV shall have the meaning set forth in Section 2.1.