Effective Date NAV definition

Effective Date NAV means $17,251,000, being the Net Asset Value of the Business as of December 2, 2005 as set forth on Seller’s November 2005 Statement.
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Examples of Effective Date NAV in a sentence

  • S = R x NAVSP where:- S = the number of New Shares in the Receiving Fund that will be issued; R = the number of Units held by the Unitholder in the Merging Fund on the Effective Date; NAV = the Net Asset Value per Unit of the relevant Unit Class in the Merging Fund calculated as at the Valuation Point on the Effective Date, calculated in accordance with the Trust Deed; and SP = the initial issue price per New Share of the relevant New Share Class in the Receiving Fund.

  • Accordingly, the performance fee payable under the Management Agreement provides that the Manager will receive 20% of the net divestment proceeds in excess of Effective Date NAV of the Legacy Shares, after net divestment proceeds equal to their Effective Date NAV have been disbursed to Legacy Shareholders.

  • This performance fee is calculated as 20% of the net divestment proceeds in excess of Effective Date NAV of Legacy Shares, after net divestment proceeds equal to the Effective Date NAV have been disbursed to Legacy Shareholders.

  • Once net divestment proceeds are equal to the Effective Date NAV of the Legacy Shares that have been disbursed to Legacy Shareholders, 80% of the net divestment proceeds will be distributed to the holders of Legacy Shares with the remaining 20% of the proceeds paid to the Manager as a performance fee.

  • Once net divestment proceeds equal to the Effective Date NAV of the Legacy Shares have been disbursed to Legacy Shareholders, 80% of the net divestment proceeds will be distributed to the holders of Legacy Shares with the remaining 20% of the proceeds paid to the Manager as a performance fee.

  • The Legacy Shareholders have received an amount equal to the Effective Date NAV and therefore the Manager is entitled to a performance fee calculated as 20% of the net divestment proceeds in excess of Effective Date NAV of Legacy Shares.

  • This performance fee is calculated as 20% of the net divestment proceeds in excess of Effective Date NAV of Legacy Shares, 4.

  • Related party transactions (continued): (a) Management fees, performance fees and contingent incentive participation dividend (continued): after net divestment proceeds equal to the Effective Date NAV have been disbursed to Legacy Shareholders.

  • Because net divestment proceeds equal to the Effective Date NAV were disbursed to Legacy Shareholders during 2021, performance fees are being accrued but are not payable until a divestment occurs, at which time the performance fee payable will be recalculated based on the final Net Divestment Proceeds and will be paid to the Manager.

  • S = Rx NAVSP where:- S = the number of New Sharesin the ReceivingFund that will be issued; R = the number of Shares held by the Shareholder in the Merging Fund on the Effective Date; NAV = the Net Asset Value per Share of the relevant Share Class in the Merging Fund calculatedas at the Valuation Pointon the Effective Date, calculated in accordance withthe Articles of Association of the Compan;yand SP = the initial issueprice per NewShareof the relevant NewShare Class in the Receiving Fund.

Related to Effective Date NAV

  • Effective Date has the meaning set forth in the preamble.

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Effective Date of Settlement means: the date on which all of the conditions to settlement set forth in § 2 of this Settlement Agreement have been fully satisfied or waived and the Settlement shall have become Final.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Restatement Effective Date means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02).

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs which triggers the payment of Severance Benefits hereunder.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • Order Form Effective Date means the date on which an Order Form comes into effect as indicated in that Order Form.

  • Amendment Effective Date has the meaning set forth in the Amendment Agreement.

  • the Effective Date means each date that the Registration Statement and any post-effective amendment or amendments thereto became or become effective. "Execution Time" shall mean the date and time that this Agreement is executed and delivered by the parties hereto. "Basic Prospectus" shall mean the form of basic prospectus relating to the Securities contained in the Registration Statement at the Effective Date. "Prospectus" shall mean the Basic Prospectus as supplemented by the Prospectus Supplement. "Registration Statement" shall mean the Registration Statement referred to in paragraph (a) above, including incorporated documents, exhibits and financial statements, as amended at the Execution Time. "Rule 415" and "Rule 424" refer to such rules under the Act. Any reference herein to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Exchange Act on or before the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be; and any reference herein to the terms "amend", "amendment" or "supplement" with respect to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be, deemed to be incorporated therein by reference.

  • Effective date of enrollment means the first date when an en- rollee is entitled to receive covered benefits.

  • First Amendment Effective Date has the meaning assigned to such term in the First Amendment.

  • Programme Effective Date means 5 December 2017.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Amendment and Restatement Effective Date means June 28, 2018, the date the amendments and restatements to the Plan of May 7, 2018 are subject to approval by the Company’s stockholders at the Company’s 2018 Annual Meeting.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.