NAV Statement definition
Examples of NAV Statement in a sentence
Fund Investments will be valued based on most recent NAV, adjusted for any contributions/distributions since the last reported NAV Statement from the relevant limited partnership.
The Reinsurer agrees to provide the most recent NAV Statement and any other Fund Investments correspondence since the date of the most recent NAV Statement to the Ceding Company, where such NAV Statement shall value the investment as of a date no older than 150 calendar days prior to the relevant valuation date.
A Compliance Certificate executed by Borrower, and any additional information reasonably required by Lender with respect to determining compliance of the PE Funds with the eligibility requirements for Eligible PE Funds, as set forth in Schedule A attached hereto, which, in the case of the Compliance Certificate delivered in connection with the initial Loan to be made hereunder, may be prepared in reliance upon the Closing NAV Statement.
To Borrower’s knowledge, the Closing NAV Statement (i) is complete and correct in all material respects, and (ii) fairly presents the net asset value of the PE Funds in all material respects.
A Compliance Certificate executed by Borrower, and any additional information reasonably required by Lender with respect to determining compliance of the PE Funds with the eligibility requirements for Eligible PE Funds, as set forth in Schedule A attached hereto, which Compliance Certificate may be prepared in reliance upon the Closing NAV Statement.
Notwithstanding the foregoing, the determination of such firm of chartered accountants of the amount(s) in dispute shall in no event be more favourable to SII than reflected in the Draft NAV Statement delivered by SII or more favourable to CGAL than shown in the proposed changes to the Draft NAV Statement delivered by CGAL under its notice of objection pursuant to Section 2.1(c).
The Busway Management Accounts and the Busway NAV Statement shall be prepared in such manner and in accordance with the principles stipulated in the Busway SSA.
The Draft NAV Statement will become the “Closing NAV Statement” on the next Business Day following revision of the Draft NAV Statement under this Section 2.1(f).
If by the end of the Second 60 Day Period the draft NAV Statement and/or the Final Indebtedness Statement has not been agreed the Vendors' Representative and the Vendors' Accountants shall meet urgently with the Purchasers so as to resolve in good faith any differences within the following 14 days (hereinafter "the 14 Day Period").
The Mittric Management Accounts and the Mittric NAV Statement shall be prepared in such manner and in accordance with the principles stipulated in the Mittric SSA.