Aggregate Net Asset Value definition
Aggregate Net Asset Value means, as of any date, the sum of (a) the Net Asset Value of all Eligible Assets, (for the avoidance of doubt, without giving effect to the application of the Concentration Limits) and (b) the Dollar Equivalent of all cash and cash equivalents on deposit in the Collateral Accounts; provided that clause (b) shall not exceed 10% of the total Aggregate Net Asset Value (without giving effect to clause (b) in the calculation thereof).
Aggregate Net Asset Value means the sum of the Net Asset Value and the Parallel Vehicle’s Net Asset Value (as defined in the Parallel Vehicle Agreement).
Aggregate Net Asset Value means, as of any Price Determination Day, the sum of the Underlying Values (as defined in the Prospectus in effect on the Effective Date of this Agreement) of the Paired Holding Trusts for each and every issuance of MACRO Securities by any of the Permitted Sublicensees.
Examples of Aggregate Net Asset Value in a sentence
Any reference to the Net Asset Value, the Borrowing Base or Aggregate Net Asset Value being calculated on a pro forma basis will be calculated based on the most recently delivered Compliance Certificate, Interim Compliance Certificate, Borrowing Base Certificate or Appraisal Valuation (if applicable) pro forma for the matters specified herein.
More Definitions of Aggregate Net Asset Value
Aggregate Net Asset Value means, as of any date of determination, the aggregate Net Asset Value of all Eligible Investments.
Aggregate Net Asset Value means the aggregate of the Closing Date Net Asset Values.