High Water Mark definition

High Water Mark means the line on the interior surface of the primary and secondary cells which is normally reached when the cell is at the maximum allowable liquid level or the line of the exterior of the perimeter dykes which is reached during local flooding;

High Water Mark means the highest line reached by coastal waters, but excluding any line reached as a result of—

High Water Mark means the highest line reached by the water of the sea during ordinary storms occurring during the most stormy period of the year, excluding exceptional or abnormal floods;

Examples of High Water Mark in a sentence

• The High Water Mark Reset shall reset the High Water Mark to the NAV as calculated on the Accounting Date each and every year.

• The Performance Fee will be equal to a performance fee of 20% of any increase in the NAV per Participating Share above the High Water Mark.

• The "Net New Appreciation" means, with respect to each Class, the positive difference between (i) the Net Asset Value of the Class (net of all deductible fees and expenses, including any Management Fee; but for the purpose of calculating the Performance Fee, not reduced by the Performance Fee) and (ii) the relevant High Water Mark (as defined below).

• Ordinary High Water Mark: An ordinary high water mark is a line on the shore established by the fluctuations of water and indicated by physical characteristics, or by other appropriate means that consider the characteristics of the surrounding areas.

More Definitions of High Water Mark

High Water Mark means (i) on any Valuation Day up to, and including, the first Performance Fee Period End Date, the Initial Issue Price and (ii) on any Valuation Day thereafter, the greater of (a) the Net Asset Value per Share as at the first immediately preceding Performance Fee Period End Date in respect of which a Performance Fee was payable and (b) the Initial Issue Price.

High Water Mark means the previous highest of (i) the highest Net Asset Value per Share of the Class I and Class R Accumulating Classes (before any accrual for the Performance Fee) at the end of any previous Performance Period (occurring on a quarter end) on which the Performance Fee was paid; and (ii) the Initial Offer Price of the relevant Class I and Class R Accumulating Shares.

High Water Mark for a Unit means, initially, its subscription price and thereafter will be adjusted from time to time to equal its Series Net Asset Value per Unit immediately following the payment of a Performance Fee to the Manager in respect of such Unit. The High Water Mark does not reset. This ensures that any decline in the Series Net Asset Value per Unit has to be recouped before Performance Fees will be charged in respect of such Unit in any subsequent period.

High Water Mark means the line on the interior surface of the primary and secondary cells which is normally reached when the cell is at the maximum allowable liquid level;

High Water Mark. , in relation to a port, means a line drawn through the highest points reached by ordinary spring-tides at any season of the year at the port;

High Water Mark means the line on the shore that is established by the fluctuations of water and indicated by physical characteristics such as a natural line impressed on the bank; shelving; changes in the character of soil; destruction of terrestrial vegetation; the presence of litter and debris; or other appropriate means that consider the characteristics of the surrounding area.

High Water Mark means a value of the highest Closing NAV achieved by the Portfolio in any year during the subsistence of this Agreement (adjusted for any additional funds/withdrawals by the Client in that year) and net of Portfolio Management Fees, for that year.