NAV per Note definition

NAV per Note means the aggregate Net Asset Value of the Portfolio divided by the total number of Notes subscribed for;

NAV per Note means an amount equal to the NAV of the Notes, divided by the aggregate number of Notes outstanding on such date;

NAV per Note means as at any time, the amount equal to Basket Value;

Examples of NAV per Note in a sentence

• Following receipt by the Programme Coordinator and the Issuer of the NAV Report from the Calculation Agent on the NAV Report Date, the Programme Coordinator will disseminate the NAV per Note to Bloomberg, SIX Financial Information USA Inc.

• The Issuer will incur certain fees and expenses in respect of the Notes which may be deducted from the Portfolio resulting in a reduction in the NAV per Note.

• The fees will be deducted from the Portfolio and therefore will result in a reduction of the NAV per Note.

• Any Acquisition and Realisation Expenses will be charged to the Portfolio and therefore will result in a reduction in the NAV per Note.

• Without limiting BMO Capital Markets’ sole discretion to suspend without notice the secondary market in the Deposit Notes, BMO Capital Markets may suspend the secondary market for the Deposit Notes if the Manager suspends the calculation of NAV per Note.

• The Performance Fee payable in respect of each Performance Period is an amount equal to 7.50% of the excess of the Adjusted NAV per Note on the last day of the Performance Period over the High Water Mark.

• An amount equal to the excess of the Subscription Price over the NAV per Note shall be paid by the Issuer to the [Partnership] within five Business Days of receipt of the relevant Subscription Price by the Issuer as satisfaction of the Subscription Charge (as defined in the Private Placement Memorandum appended hereto).

• After the Target Date, the NAV per Note may be more or less than the High-Water Mark.

• Tax Liabilities 5.8.15 Any taxes payable by the Issuer or for which the Issuer is required to reimburse any other party, whether in Ireland or in any other jurisdiction, which are determined by the Calculation Agent to be attributable to the Series ("Tax Liabilities") will be charged to the Portfolio and result in a reduction in the NAV per Note.

• Other than on the occurrence of a Market Disruption Event, Notes may be sold to BMO Capital Markets using the FundSERV network on a daily basis at a price equal to the NAV per Note minus any applicable early trading charge, as set out in the following table: See “Secondary Market — Sales Prior to Maturity”.

More Definitions of NAV per Note

NAV per Note means (i) at any time prior to the occurrence of a Capital Preservation Event or an Extraordinary Event, an amount equal to Fund Portfolio Value, and (ii) at any time on or following a Capital Preservation Event or an Extraordinary Event, an amount equal to the quotient obtained by dividing (x) the Aggregate Notional Fixed Annuities Value at such time by (y) the number of Deposit Notes outstanding at such time;

NAV per Note means, for a Business Day, the Net Value of the Portfolio plus the Unamortized Offering Expenses divided by the number of Notes outstanding on such Business Day, as calculated by the Note Program Manager.

NAV per Note means, in respect of the Deposit Notes of a Series, on any Business Day, the sum of (i) the Basket Value for such Series on such day and (ii) the Unamortized Offering Expenses for such Series;

NAV per Note means, as at any time, the amount equal to Basket Value + Distribution Component; “NI 81-102” means National Instrument 81-102 of the Canadian Securities Administrators;