Initial NAV definition

Initial NAV means the Net Asset Value of Customer as of the date of execution hereof (“Initial NAV Date”).
View Source
Initial NAV means the initial net asset value per Note of the Portfolio on the Closing Date, which is set at $96.
View Source
Initial NAV means the initial net asset value per Note of the Portfolio on the Issuance Date, which is set at $100.
View Source

Examples of Initial NAV in a sentence

  • For the avoidance of doubt, some or all of the Series C Units issued pursuant to the Initial NAV Hurdle may convert at the time of disclosing that the Initial NAV Hurdle has been met.

  • The Parties agree that if the Initial NAV Adjustment were greater than zero, then the Initial NAV Adjustment would be deemed to equal zero.

  • At the Closing, Transferor shall, in addition to transferring the Acquired Assets (including novating the Novated Accounts), pay to Newco, by wire transfer of immediately available funds to an account designated by Newco, an amount (the “Closing Cash Amount”) equal to the sum of (i) the Initial NAV Cushion plus (ii) the Final NAV Target minus (iii) the NAV Estimate.

  • At no time shall the Net Asset Value of the Borrowers (other than Qualified Borrowers) from the Initial NAV Test Date until the Final Investor Close, be less than or equal to $500,000,000.

  • On and at all times after the Initial NAV Test Date, the Net Asset Value of the Borrowers (other than Qualified Borrowers) shall not be less than or equal to $300,000,000.


More Definitions of Initial NAV

Initial NAV means the Net Asset Value of Customer as of the Closing Date.
View Source
Initial NAV means the Benchmark Portfolio NAV on the Issuance Date. The Benchmark Portfolio NAV will be equal to $95.50 per Note as of the issuance date of each series of Notes.
View Source
Initial NAV means $10.00 per Unit;
View Source
Initial NAV means the Benchmark Portfolio NAV per Note on the Issuance Date. The Benchmark Portfolio NAV per Note will be equal to $97.50 as of the Issuance Date.
View Source
Initial NAV means the Net Asset Value of Customer as of the close of business on December 4, 2008.
View Source
Initial NAV means $95.00 per Note Security. “Initial Portfolio Level” means 1,000.
View Source
Initial NAV means $95.00 per Note Security.
View Source