Net Asset Value definition
Net Asset Value means the net asset value of each Series of the Trust, determined as provided in Article VI, Section 3.
Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.
Net Asset Value means the net asset value determined as set forth in the Prospectus of each Fund.
Examples of Net Asset Value in a sentence
Guarantor’s Net Asset Value as of the last day of [FISCAL QUARTER] is not less than the sum of (i) $15,000,000 and (ii) the product of (A) 50% and (B) any capital commitments made after January 30, 2026.
Guarantor’s Net Asset Value as of the last day of [FISCAL QUARTER] has not declined by more than (i) 20% during any consecutive three (3) calendar month period or (ii) 30% during any consecutive twelve (12) calendar month period.
I hereby certify that, as of the date of the financial statements attached hereto, the Guarantor is and has been in compliance with all the terms of the Guaranty and the other Program Documents and, without limiting the generality of the foregoing, I certify that: Net Asset Value Decline.
More Definitions of Net Asset Value
Net Asset Value means the per share value of a Fund, or in the case of a Fund with multiple classes of shares, the per share value of a class, calculated in the manner described in the Funds’ Offering Materials.
Net Asset Value means the Net Asset Value of a Fund or attributable to a Class (as appropriate) calculated as referred to herein.
Net Asset Value means the net asset value of each Series of the Trust determined in the manner provided in Article IX, Section 9.03 hereof;
Net Asset Value means the net asset value of each Series of the Trust or Class thereof determined in the manner provided in Article X, Section 3;
Net Asset Value means the net asset value of each Series or Class of the Trust determined in the manner provided in Section 7.4 hereof, and “Net Asset Value per Share” has the meaning assigned in Section 7.4 hereof.
Net Asset Value means the net asset value of a Sub-Fund or, as the context may require, the net asset value of a Unit calculated under the Trust Deed.
Net Asset Value means the amount determined for any particular Dealing Day pursuant to Section 19 and Schedule 2 hereof.