LP Unit Net Asset Value definition
LP Unit Net Asset Value means the net asset value of the LP Units on a per Unit basis determined each year during the term of the Partnership in conjunction with the preparation of the Partnership’s year-end financial statements, by the General Partner, acting in a commercially reasonable manner, in consultation with its tax and accounting advisors, subject to the following: where the Partnership makes an acquisition or disposition of its assets in amount exceeding
LP Unit Net Asset Value means the net asset value of the LP Units on a per Unit basis determined each year during the term of the Partnership in conjunction with the preparation of the Partnership’s year-end financial statements, by the General Partner, acting in a commercially reasonable manner, in consultation with its tax and accounting advisors. The Net Asset Value of a LP Unit being redeemed shall be the Value last determined by the General Partner prior to the date of the proposed redemption;