Guarantee per Share definition
Guarantee per Share means, with respect to any Class of Shares, (i) the NAV for such Class of Shares at the close of business on the Transition Date and (ii) thereafter on any Business Day, the Guarantee per Share for such Class of Shares on the immediately preceding Business Day divided by the sum of one plus the quotient of (A) the amount of any Distribution Per Share with respect to such Class of Shares effective since the immediately preceding Business Day divided by (B) the NAV for such Class of Shares at the close of business on the day such Distribution Per Share was effective.
Guarantee per Share means, with respect to any Class of Shares (i) the NAV for such Class of Shares at the close of business on the last day of the Offering Period and (ii) thereafter on any Business Day, the Guarantee per Share for such Class of Shares on the immediately preceding Business Day divided by the sum of one plus the quotient of (A) the amount of any Distribution Per Share with respect to such Class of Shares effective since the immediately preceding Business Day divided by (B) the NAV for such Class of Shares at the close of business on the day such Distribution Per Share was effective.
Guarantee per Share means, with respect to any Class of Shares of any PPF on any Valuation Date, (i) on the Inception Date with respect to such PPF, the NAV for such Class of Shares at the close of business on the last day of the Offering Period for such PPF; and (ii) thereafter on any Valuation Date, the Guarantee per Share for such Class of Shares on the immediately preceding Valuation Date divided by the sum of one plus the quotient of (i) the amount of any Distribution Per Share with respect to such Class of Shares and such PPF, effective since the immediately preceding Valuation Date, divided by (ii) the NAV for such Class of Shares at the close of business on the day on which such Distribution Per Share was effective.
Examples of Guarantee per Share in a sentence
If the Fund changes the manner in which NAV is calculated during the Guarantee Period, the Fund shall notify the Insurer and negotiate in good faith to modify the calculation of any other amounts determined tin relation to NAV, including without limitation, Guarantee Amount and Guarantee per Share to the extent reasonably necessary to preserve, but not increase, the Insurer's intended obligations hereunder.
More Definitions of Guarantee per Share
Guarantee per Share means, with respect to any class of shares of any PPF, on any Valuation Date, (i) on the Inception Date, the NAV for such class at the close of business on the last day of the Offering Period for such PPF; and (ii) thereafter, the Guarantee per Share for such class of shares of any PPF on the immediately preceding Valuation Date divided by one plus the quotient of (i) the amount of any Distribution made by such PPF calculated on a per share basis for such class of shares effective since the immediately preceding Valuation Date divided by (ii) the NAV per share for such class of shares prior to any such Distribution minus the amount of such Distribution calculated on a per share basis for such class of shares.
Guarantee per Share means, with respect to any PPF, on any Valuation Date, the minimum amount per share for each class of shares of such PPF that the Fund is promising on such date, on behalf of such PPF, to repay to PPF Shareholders in such class of shares of such PPF on the Maturity Date of such PPF. Initially, the Guarantee per Share for each class of shares of each PPF will equal the NAV for such class on the last day of the Offering Period for such PPF. Thereafter, the Guarantee per Share for each class of shares of each PPF will be adjusted for distributions to PPF Shareholders in such PPF on the date such distributions are effective as follows: new Guarantee per Share equals previous Guarantee per Share for such class divided by (one plus (the distribution per share for such class divided by (the NAV for such class prior to such distribution minus the distribution per share for such class))).
Guarantee per Share means, with respect to any Class of Shares of any PPF on any Valuation Date, (i) on the Inception Date with respect to such PPF, the NAV for such Class of Shares at the close of business on the last day of the Offering Period for
Guarantee per Share means, with respect to any Class of Shares, (i) the sum of (a) the NAV for such Class of Shares at the close of business on the Transition Date and (b) the product of the NAV for such Class of Shares at the close of business on the Transition Date and the Return Multiplier for such Class of Shares and (ii) thereafter on any Business Day, the Guarantee per Share for such Class of Shares on the immediately preceding Business Day divided by the sum of one plus the quotient of (A) the amount of any Distribution Per Share with respect to such Class of Shares effective since the immediately preceding Business Day divided by (B) the NAV for such Class of Shares at the close of business on the Business Day such Distribution Per Share was effective.
Guarantee per Share means, with respect to any Class of Shares of any IPPF on any Valuation Date, (i) on the Inception Date with respect to such IPPF, the NAV for such Class of Shares at the close of business on the immediately preceding Business Day, and (ii) thereafter on any Valuation Date, the Guarantee per Share for such Class of Shares on the immediately preceding Valuation Date divided by the sum of one plus the quotient of (i) the amount of any Distribution Per Share with respect to such Class of Shares and such IPPF, effective since the immediately preceding Valuation Date, divided by (ii) the NAV for such Class of Shares at the close of business on the day on which such Distribution Per Share was effective.