Adjusted Net Asset Value means the Net Asset Value after: (i) excluding any increases or decreases in Net Asset Value attributable to the issue or repurchase of any Ordinary Shares; (ii) adding back the aggregate amount of any dividends paid or distributions made in respect of any Ordinary Shares; (iii) excluding the aggregate amount of any dividends or distributions accrued but unpaid in respect of any Ordinary Shares; and (iv) excluding the amount of any Performance Fees accrued but unpaid, in each case without double counting.
Adjusted Net Asset Value has the meaning specified in Section 4.1(b).
Adjusted Net Asset Value means the adjusted net asset value of the Trust as determined under Section 4.3.
Examples of Adjusted Net Asset Value in a sentence
Adjusted Net Asset Value, Net Asset Value and Net Asset Value per Share shall be computed in accordance with generally accepted accounting principles in the United States.
The Trustee shall subtract from the Adjusted Net Asset Value the amount of accrued fees so computed and the resulting figure is the “Net Asset Value” of the Trust.
All fees accruing for any Business Day computed by reference to the value of the Trust or its assets shall be calculated on the Adjusted Net Asset Value calculated for such Business Day.
ADJUSTED PRICING METHODOLOGY The Board of Directors may determine that an adjusted pricing methodology may be applied, for the subscription and the redemption of Shares in any Sub-Funds, to the calculation of the Subscription Price and the Redemption Price of the relevant Class of Shares, in order to compensate for the costs, taxes, etc., generated by the purchase or sale of the Sub-Fund's assets caused by subscriptions and redemptions (the "Adjusted Net Asset Value").
All fees computed by reference to the value of the Trust or its assets shall be calculated on the Adjusted Net Asset Value.
More Definitions of Adjusted Net Asset Value
Adjusted Net Asset Value calculated as: (a) John Laing’s year-end 2020 Net Asset Value (as disclosed in the 2020 Annual Report) of £1,529 million, minus (b) final dividend for the financial year ended 31 December 2020 paid on 14 May 2021 of approximately £39 million, equivalent to 7.82 pence per John Laing Share;
Adjusted Net Asset Value. The value determined by reducing Assets by Liabilities, determined as of the last day of the Performance Period. Additionally, Adjusted Net Asset Value will: • neutralize the effects of claim payments, loss expense payments, advisor payments and the establishment of loss and loss expense reserves for credits that do not have a GCL, as defined below, at the beginning of the Performance Period; • measure AAC’s foreign subsidiaries utilizing the foreign exchange rate at the beginning of the Performance Period; • add back costs related to ongoing OCI oversight during Performance Period; and • add back direct costs of risk remediation activities with respect to credits within WLACC. AFG: Ambac Financial Group, Inc. ART Transactions: Alternative Risk Transfer transactions executed by the Company that reduce/eliminate portfolio risk, including by way of proportional reinsurance (e.g. quota share) or other alternative hedging or risk transfer strategies (e.g. excess of loss reinsurance) the impact of which has been approved by the Committee for purposes of reducing WLACC Outstanding. For purposes of this definition, (i) the impact of an ART transaction whereby net par is not reduced but a portion of the risk related to a WLACC is defeased or reduced for some or all of the remaining life of the insured exposure shall count towards calculating the reduction in WLACC Outstanding and (ii) the measure of benefit for the risk retention metric for an ART Transaction will be calculated as follows (a) the net par balance of the portion of the WLACC exposure affected by the ART multiplied by (b) the quotient of the ART coverage period and the remaining expected life of the exposure. To the extent an ART transaction is executed that does not conform to the aforementioned example management will propose an alternative calculation to the Committee to measure the WLACC reduction.
Adjusted Net Asset Value means, at any time, the Net Asset Value multiplied by the percentage obtained by dividing (A) by (B) where (A) equals the total assets of the Master Fund at such time including assets financed using the Master Fund Loan Facilities and (B) equals the total assets of the Master Fund at such time less the outstanding balance of the Master Fund Loan Facilities.
Adjusted Net Asset Value means the total value of all assets of the Fund, less an amount equal to all accrued debts, liabilities, obligations and reserves of (or allocable to) the Fund, calculated before giving effect to any repurchases of Shares of the Fund, payments of any dividends or distributions, Investment Management Fee, and Investor and Administrative Services Fee (if any) as of the date as of which the calculation is made. Each of you is part of a master-feeder fund structure, in which the Advisory Fund and the Institutional Fund are feeder funds that invest substantially all of their investable assets in the Master Fund. If one or more other feeder funds become part of the master-feeder fund structure, the Investment Manager shall be entitled to add (or not to add) any such fund to this Agreement, and to implement such rate of Capped Expenses, as the Investment Manager determines by adding such fund’s name and rate of Capped Expenses (and any additional terms) to Schedule A, subject to such fund’s approval as evidenced by its countersigning Schedule A (each of the Advisory Fund, the Institutional Fund, the Master Fund, and any other feeder fund that is added to this Agreement from time to time, a “Fund” and, collectively, the “Funds”). This Agreement is effective as to any Fund upon the commencement of investment operations of such Fund or such other date as may be indicated for such Fund on Schedule A. In order to maintain a Fund’s Capped Expenses below the level specified for that Fund in this Agreement (whether at the rate set out in the first paragraph above or in Schedule A), the Investment Manager agrees to waive such portion of its compensation from the Master Fund or other Fund(s), and bear such other expenses and make such payments to any Fund(s), as it determines in its discretion. The Master Fund is not subject to any specific level of Capped Expenses but is otherwise subject to this Agreement including the reimbursement provisions below.
Adjusted Net Asset Value means, with respect to each of Class R1 Shares, Class R2 Shares, Class R3 Shares, the Net Asset Value of the Class (net of all deductible fees and expenses, including any Management Fee but for the purpose of calculating the Performance Fee, not reduced by the Performance Fee) increased by an additional performance at a rate per annum equal to the positive difference between the Management Fees applicable to the relevant Class and the Management Fees applicable to the Class I Shares.
Adjusted Net Asset Value means as defined in paragraph 8.2 of Part VIII of this Prospectus
Adjusted Net Asset Value means, with respect to each of the Estimated Closing Balance Sheet, the Buyer's Closing Balance Sheet and the Closing Balance Sheet, the amount by which the assets exceed the liabilities reflected on such balance sheet.