NAV definition

NAV means net asset value.

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NAV means Net Asset Value of the Units of the Scheme calculated in the manner provided in this Scheme Information Document and in conformity with the SEBI Regulations as prescribed from time to time.

NAV means the net asset value per share of a Fund.

Examples of NAV in a sentence

• The Adviser or its affiliate may not request that any of the Shares purchased with the Initial Investment be repurchased by the Company pursuant to the Company’s share purchase program until the earlier of the fifth anniversary of the date that the affiliate made such commitment and the date that the Company’s aggregate NAV is at least $1.5 billion, and any such repurchase request may be accepted only after all requests from unaffiliated stockholders first have been fulfilled.

• The Adviser will have the option of exchanging Class E Common Shares for an equivalent aggregate NAV amount of Class D Common Shares, Class D-1 Common Shares, Class F Common Shares, Class I Common Shares, Class S Common Shares or Class S-1 Common Shares.

• Notwithstanding the foregoing, the value of the Company’s investments in Affiliated Funds will be excluded from the calculation of NAV for purposes of calculating the Management Fee.

• The value of the Company’s investments in Affiliated Funds will be excluded from the calculation of NAV for purposes of calculating the Performance Fee and the Class F Performance Fee.

• No asset, amount, or value of the Fund will be included more than once in the calculation of the Management Expense for any period, and no penalty amount or Tracking NAV amount will be included more than once in the calculation of the same Allocation Expense or Payout Expense.

More Definitions of NAV

NAV means the net asset value per Share of each Fund as determined by the Fund, or its designated agent, in accordance with and at the times indicated in the applicable Prospectus of the Fund on each Fund Business Day in accordance with the method set forth in the Prospectus and guidelines established by the Board.

NAV means Net Asset Value per Unit of the Scheme and the Plans / Options therein, calculated in the manner provided in this Scheme Information Document and in conformity with the SEBI Regulations as prescribed from time to time;

NAV means the Company’s net asset value, calculated pursuant to the Valuation Guidelines.

NAV means the net asset value of a Fund.

NAV has the meaning assigned to such term in Section 5.12.

NAV means Net Asset Value.

NAV means the official net asset value (the "Net Asset Value") for a Fund Share as published by the Fund or the Management Company or by a third person on their behalf and at which it is actually possible to redeem Fund Shares.