Maturity NAV definition

Maturity NAV means, for each Reference Portfolio, the average Reference Portfolio NAV of all the Reference Portfolio NAV calculated as of each of the Valuation Dates.
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Maturity NAV means the Benchmark Portfolio NAV on the Valuation Date;
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Maturity NAV means the net asset value for the Class D Shares of the EuroFund as calculated by the EuroFund on the first Calculation Day (as defined below) during the Calculation Period (as defined below); provided, however, if no Calculation Days occur during the Calculation Period because of Market Disruption Events (as defined below), then Maturity NAV shall mean the net asset value for the Class D Shares of the EuroFund as calculated by the EuroFund on the last scheduled Index Business Day (as defined below) in the Calculation Period regardless of the occurrence of a Market Disruption Event on such day.
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Examples of Maturity NAV in a sentence

  • The SMART conservative Portfolio is designed to preserve value by increasing its concentration of lower risk securities.The Maturity NAV will be calculated using the average reference closing price of each Component established on the basis of the reference closing price on each of the monthly Valuation Dates of the last six calendar months to maturity of the Notes.

  • Finally, the SMART Conservative Portfolio is a portfolio designed to preserve value by increasing its concentration of lower risk securities.The Maturity NAV will be calculated using the average reference closing price of each Component established on the basis of the reference closing price on each of the monthly Valuation Dates of the last six calendar months to maturity of the Notes.

  • For avoidance of doubt, all other Components of a Reference Portfolio shall remain unaffected and the reference closing prices shall be as of the initially scheduled Valuation Date.More specifically, the Maturity NAV for the purposes of calculating the Maturity Redemption Amount will correspond to the average of the six Reference Portfolio NAV calculated as of the six Valuation Dates occurring during the last six months of the term of the Notes.

  • On maturity, the number of units held by you multiplied by the higher of Guaranteed Maturity NAV and the NAV on the maturity date shall be paid to you as the Fund ValueThis benefit applies if it is in force, or otherwise the non-forfeiture provisions would apply.

  • Moreover, the calculation of the Starting NAV, the Maturity NAV and the Benchmark Portfolio NAV will be based on the closing prices on the TSX.

  • If the Notes have not been redeemed by the Bank at the Early Redemption Day (as defined below), each holder of Notes (each a “Holder” and, collectively, the “Holders”) will receive on the Maturity Date, in respect of each Note held by such Holder, an amount equal to the greater of: (a) the Principal Amount, and (b) the Principal Amount multiplied by the quotient of the Maturity NAV (as defined below) over the Starting NAV (as defined below).

  • If the Notes are redeemed under a Bank Early Redemption, such advisor fee and trailer fee will no longer be payable in respect of the Notes.The Management Fee will be paid from the assets of the Benchmark Portfolio andwill therefore affect the Maturity Redemption Amount by reducing the Maturity NAV or, as the case may be, the amount payable upon a Reimbursement upon Special Circumstances.

  • The calculation of the Starting NAV, the Maturity NAV and the Benchmark Portfolio NAV will be based on the closing prices on the TSX.

  • The calculation of each commodity for the purposes of the Maturity NAV will be based on the commodity reference prices indicated in the table above as of the Valuation Date.

  • The Management Fee will be paid from the assets of the Benchmark Portfolio and will therefore affect the Maturity Redemption Amount by reducing the Maturity NAV or, as the case may be, the amount payable upon a Reimbursement upon Special Circumstances.NATIONAL BANK OF CANADA The Bank was formed through a series of amalgamations and its roots date back to 1859 with the founding of Banque Nationale in Quebec City.


More Definitions of Maturity NAV

Maturity NAV means an amount per Note equal to the net cash proceeds, in Canadian dollars, of the liquidation of all of the Benchmark Portfolio assets effected by the Calculation Agent over a period of not more than ten Business Days prior to the Valuation Date, less all the liabilities of the Benchmark Portfolio as of the Valuation Date, as calculated by the Calculation Agent acting in good faith and according to industry-accepted methods.
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Maturity NAV means an amount per Note equal to (A) the aggregate of (i) all the cash held in the Benchmark Portfolio on the Valuation Date, in Canadian dollars, (ii) the net cash proceeds, in Canadian dollars, of the liquidation of all of the Benchmark Portfolio assets which are not in the form of cash effected by the Portfolio Manager over a period of not more than 10 Business Days prior to the Valuation Date, (B) less all the liabilities of the Benchmark Portfolio as of the Valuation Date, as calculated by the Calculation Agent acting in good faith and according to industry-accepted methods. The Maturity NAV will not include the interest or return generated on the Cash Position Amount;
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Maturity NAV means the net asset value for the Class D Shares of the EuroFund as calculated by the EuroFund on the first Calculation Day (as defined below) during the Calculation Period (as defined below); provided, however, if no Calculation Days occur during the Calculation Period because of Market Disruption Events (as defined below), then Maturity NAV shall mean the net asset value for the Class D Shares of the EuroFund as calculated by the EuroFund on the last scheduled Index Business Day (as defined below) in the Calculation Period regardless of the occurrence of a Market Disruption Event on such day. Notwithstanding anything else contained herein, if the EuroFund is not issuing Class D Shares to new investors in the EuroFund on the date Maturity NAV is to be determined, the Company may, in lieu of delivering Class D Shares of the EuroFund, pay cash in an amount equal to the sum of the Principal Amount of the MITTS Securities and the Supplemental Redemption Amount, if any. SUPPLEMENTAL REDEMPTION AMOUNT
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Maturity NAV means the net asset value for the Class D Shares of the EuroFund as reported by the EuroFund on the first Calculation Day (as defined below) during the Calculation Period (as defined below); provided, however, if no Calculation Days occur during the Calculation Period because of Market Disruption Events (as defined below), then Maturity NAV shall mean the net asset value for the Class D Shares of the EuroFund as reported by the EuroFund on the last scheduled Index Business Day (as defined below) in the Calculation Period regardless of the occurrence of a Market Disruption Event on such day. Notwithstanding the foregoing, if the EuroFund is not issuing Class D Shares to new investors in the EuroFund on the date Maturity NAV is to be determined, the Company may, in lieu of delivering Class D Shares of the EuroFund, pay cash in an amount equal to the sum of the Principal Amount of the MITTS Securities and the Supplemental Redemption Amount, if any. Supplemental Redemption Amount The "Supplemental Redemption Amount" with respect to this MITTS Security equals: (Ending Index Value -- Starting Index Value) Principal Amount X -------------------------------------------- (Starting Index Value) provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The Starting Index Value equals ________. The Ending Index Value will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx (the "Calculation Agent") and will equal the closing value of the Xxxxxxx Xxxxx EuroFund Index (the "Index") determined on the first Calculation Day during the Calculation Period. If no Calculation Days occur during the Calculation Period, then the Ending Index Value will equal the closing value of the Index determined on the last scheduled Index Business Day in the Calculation Period, regardless of the occurrence of a Market Disruption Event on such day.
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Maturity NAV means the net asset value per unit of the Benchmark Portfolio on the Valuation Date, as calculated by the Calculation Agent acting in good faith and according to industry practice. Such net asset value will be equal to the Benchmark Portfolio NAV per unit on the Valuation Date;
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Related to Maturity NAV

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Maturity Date shall have the meaning assigned to such term in Exhibit A.

  • Maturity Amount means the amount due at maturity with respect to a Capital Appreciation Bond.

  • Latest Maturity Date means, as of any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Term Loan or Term Commitment.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Legal Maturity Date means July 15, 2024.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Designated CMT Maturity Index means the original period to maturity of the United States Treasury securities (either 1, 2, 3, 5, 7, 10, 20 or 30 years) specified on the face hereof with respect to which the CMT Rate will be calculated. If no such maturity is specified on the face hereof, the Designated CMT Maturity Index shall be 2 years.

  • Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

  • Final Maturity has the meaning specified in Section 308.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Maturity Value means the Accreted Value of any Capital Appreciation Bond on its maturity date.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Final Maturity Date means March 31, 2022.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Equipment Maturity Date is defined in Section 2.1.1.

  • Revolving Maturity Date means the day before the first anniversary of the Closing Date.

  • Class B Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Term Maturity Date means December 30, 2021 (or, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.19(b), the extended maturity date set forth in the Extension Notice delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.19(b)).

  • Class C Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Initial Maturity Date means the earlier of (i) December 1, 2015 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Extended Maturity Date shall have the meaning set forth in Section 2.5(c) hereof.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;