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.

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:

Examples of Adjusted NAV in a sentence

• In case exit load is applicable, then the same will be applied on Swung / Adjusted NAV and number of units redeemed will be higher or the amount of redemption will be lower due to exit load.

• Both elements are considered to represent share-based payments as the amounts due are based on the Adjusted NAV of the underlying business of Tritax Symmetry Limited.

• Katz, Secretary, Securities and Exchange Commission, dated December 20, 2000 (‘‘ICI Letter’’).4.

• Management Fee III = Adjusted NAV × NAV per unit as of the closing date of the immediately preceding operating period × a rate of no more than 0.6% agreed upon separately between LLR and the asset management company (rounded down to the nearest yen) <Adjusted NAV> Adjusted NAV is the amount obtained by dividing the amount (hereinafter referred to as “NAV”), which are obtained by subtracting B from A, adding C, by 1,000,000 (one million) yen (rounded down to the nearest yen).

• The amount due to Symmetry Management Shareholders is based on the Adjusted NAV of Tritax Symmetry and is settled in cash to the value of 25% with the balance settled in either cash and/or shares in the Company, at the sole discretion of the Company.The fair value of the B and C Shares has been calculated using a Monte Carlo simulation model, for the cash settled element of the liability.

More Definitions of Adjusted NAV

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

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 of each Series of Shares after such Net Asset Value is adjusted for (i) any redemption of Shares in the Series; (ii) any fees and expenses (except the Performance Fee for the relevant year); and (iii) any accruals of the Performance Fee during the relevant year.

Adjusted NAV means the Indicative Net Asset Value (“NAV”) of Employer, as Published (as defined below) by Employer, as adjusted to exclude the effects (positive or negative) of the following items that may occur during the Term: (i) any issuances of Employer equity or equity-linked securities, either pursuant to the ATM program (as currently in effect or as amended), other public offerings, issuances in connection with acquisitions, etc.; (ii) any dividends and distributions (including without limitation cash or equity dividends and distributions) made by Employer to the holders of its general and limited partnership interests; (iii) the value and performance of the current and future Bausch Health Companies Inc. and Bausch + Lomb Corporation positions held by Icahn Partners LP, Icahn Partners Master Fund LP and/or their Affiliates (the “Funds”), including common stock, preferred stock, forwards, options, swaps and any and all other equity or debt securities, derivatives or instruments issued by or referencing such companies (the “Bausch Positions”); and (iv) other unusual or non-recurring items. For the avoidance of doubt, the value and performance of all other current and future positions held by the Funds (i.e., all positions other than the Bausch Positions) will be included in the calculation of Adjusted NAV. The parties agree that Adjusted NAV as of the Start Date will be the NAV of Employer as of December 31, 2023, as reported in the earnings release to be issued on or about the filing date of the Annual Report on Form 10-K filed by Employer for its fiscal year 2023 (“Initial NAV”).

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.