Base Net Asset Value definition

Base Net Asset Value shall have the meaning set forth in Section 3.6.

Base Net Asset Value means $66,773,000.

Base Net Asset Value has the meaning set forth in Section 2.6(b)(i)(B).

Examples of Base Net Asset Value in a sentence

• The Portfolio Manager shall be entitled to a Performance Fee if the Sub-Fund produces an excess performance, defined as any positive difference between the performance of the current Gross Net Asset Value (GNAV) per unit and the Base Net Asset Value per unit for the same calculation period.

• The Base Net Asset Value per “B” Share is the greater of the Net Asset Value per “B” Share at the time of issue of that “B” Share and the highest Net Asset Value per “B” Share achieved as at the end of any previous Calculation Period (if any) during which such “B” Share was in issue.

• A Performance Fee will only be paid if the excess performance is above a 5% annual hurdle rate and if that is the case the Performance Fee will be calculated on the entire difference between the GNAV and the Base Net Asset Value.

• Base NAV = Base Net Asset Value per unit of the relevant Unit Class on the Valuation Day, is calculated after deduction of the management fee but prior to the deduction of any performance fee and any dividends or corporate actions on the relevant Valuation Day.

• A performance fee will be payable to the Investment Manager if the Net Asset Value per Share (as defined below), calculated on the relevant Performance Fee Valuation Day, is greater than the Base Net Asset Value per Share (as defined below).

More Definitions of Base Net Asset Value

Base Net Asset Value or “BNAV” means, in respect of the first Calculation Period, the issue price of the Class PF Participating Shares and for subsequent Calculation Periods the Net Asset Value of the Class PF Participating Shares achieved as of the end of the previous Calculation Period, adjusted in both instances with the Benchmark;

Base Net Asset Value shall have the meaning set forth in Section 3.6(a).

Base Net Asset Value means $802 million.

Base Net Asset Value means the Net Asset Value (as defined below) at the Company as of the end of the calendar month prior to the month in which the Closing takes place, as shown in the projected balance sheets of the Company attached as SCHEDULE 1.02(a), the term "NET ASSET VALUE" shall mean the total assets minus total liabilities of the Company ----- (calculated in a manner consistent with the calculation of the Base Net Asset Value) as of the end of a particular month, and the term "CLOSING DATE NET ASSET VALUE" shall be the Net Asset Value shown on the Closing Date Balance Sheet; provided that for purposes of calculating "Net Asset -------- Value" the amount of liability for amounts owed by the Company to Xpedite shall not exceed one month of Xpedite's royalty charges to the Company. The amount of the Purchase Price, as adjusted pursuant to this SECTION 1.02, shall be referred to herein as the "ADJUSTED PURCHASE PRICE" provided always that the adjustment to the Purchase Price shall not in any event be more than (Pounds)1,823,708."

Base Net Asset Value means [*], which represents (a) the total assets shown on the Pro Forma Balance Sheet, minus (b) the total liabilities shown on the Pro Forma Balance Sheet.

Base Net Asset Value means $18,601,767 as calculated on the basis of the Current Assets and the Current Liabilities as of December 31, 2006, as set forth on Schedule 1.1(a).

Base Net Asset Value means the the higher of (i) $256,530,000 or (ii) an amount equal to the Final Average Net Asset Value minus $13 million. If the Base Net Asset Value exceeds Final Net Asset Value, Sellers shall pay to Buyer, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. If Final Net Asset Value exceeds the Base Net Asset Value, Buyer shall pay to Sellers, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. Any such payment pursuant to this Section 3.7(a) shall be made at a mutually convenient time and place (i) within 30 days after Sellers' delivery of the documents referred to in Section 3.6(a) if no notice of disagreement is duly delivered pursuant to Section 3.6(b), or (ii) if a notice of disagreement is duly delivered pursuant to Section 3.6(b), then within 10 days after the earlier of (A) agreement between the parties pursuant to Section 3.6(c) or (B) delivery of the calculation of Final Net Asset Value and Final Average Net Asset Value referred to in Section 3.6(c).