Current NAV definition

Current NAV means, as of any date of determination, an amount per Note equal to the product of (i) the Principal Amount multiplied by (ii) a fraction, the numerator of which is equal to the VWAP Level as of such date and the denominator of which is equal to the Initial VWAP Level, as determined by the Calculation Agent.
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Current NAV means the net asset value of the Units determined as of the most recent Investment Date, in accordance with the requirements of applicable law.
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Current NAV means the net asset value of the Shares determined by the Fund as of each Investment Date, in accordance with the requirements of applicable law.
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Examples of Current NAV in a sentence

  • As soon as possible following the determination of the Current NAV, the Administrator shall cause to be redeemed from the accounts of investors specified in the Redemption Instructions for such Redemption Date, the appropriate number of full and fractional Units based on the Current NAV for the Investment Date which occurs immediately after the Redemption Date.

  • As soon as possible following the determination of the Current NAV, the Administrator shall cause to be issued to the accounts of investors specified in the Investment Instructions for such Investment Date, the appropriate number of full and fractional Units based on the Current NAV.

  • Upon receipt of the Current NAV, the Fund or its designee shall cause the Custodian to deposit in the DDA Account an amount of cash sufficient for Sunstone to make redemption payments to those shareholders specified in the Redemption Instructions.

  • Within forty-eight (48) hours following receipt of the Current NAV from the Fund, Sunstone shall cause to be issued to the accounts of shareholders specified in the Investment Instructions for such Investment Date, the appropriate number of full and fractional Shares based on the Current NAV.

  • The Fund shall provide Sunstone with the Current NAV within five days after each Investment Date during the term hereof.

  • In connection with a reinvestment of a dividend or distribution of Shares of the Fund, Sunstone shall, as of the day a dividend is declared, as specified in a certificate or resolution described in paragraph 1, issue Shares of the Fund based on the most recently determined Current NAV per Share of the Fund.

  • The Current NAV shall be transmitted in writing and shall be certified by an officer of the Fund.

  • The Fund specifically assumes liability for and shall indemnify Sunstone from and against any damages, claims, suits or actions arising out of (i) any violations of Rule 23c-3 caused by the Fund's failure to transmit the Current NAV within the time period required by this paragraph or (ii) any errors in calculating the Current NAV.

  • The Fund shall have the sole responsibility for determining the Current NAV.

  • Within forty-eight (48) hours following receipt of the current NAV from the Fund, Sunstone shall cause to be redeemed from the accounts specified in the Redemption Instructions for such Redemption Date, the appropriate number of full and fractional Shares based on the Current NAV for the Investment Date which occurs immediately after the Redemption Date.


More Definitions of Current NAV

Current NAV means the current NAV available as at the most recent month end prior to the Closing Date, provided that this amount may never be less than NAV as of 31 August 2021.
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