Net Asset Value of the Partnership definition

Net Asset Value of the Partnership shall have the meaning set forth in Section 7(d)(1) of the Partnership Agreement and, unless the Advisor consents in writing, without regard to further amendments thereto, provided that in determining the Net Asset Value of the Partnership on any date, no adjustment shall be made to reflect any distributions, redemptions, administrative fees or incentive fees accrued or payable as of the date of such determination.

Net Asset Value of the Partnership means the amount derived by subtracting (i) the liabilities of the Partnership from (ii) Asset Value.

Net Asset Value of the Partnership on any Valuation Date shall mean the value of the Partnership's assets less an amount equal to its liabilities (including reserves made in accordance with the provisions of the Limited Partnership Agreement and any Selected Amount) on such date (without regard to subscriptions or redemptions);

Examples of Net Asset Value of the Partnership in a sentence

• Each transaction of purchase or sale of portfolio securities effected by the Partnership will be reflected in the computation of the Net Asset Value of the Partnership on the trade date.

• These procedures focus primarily on monitoring the trading of Sunrise, calculating the Net Asset Value of the Partnership as of the close of business on each day and reviewing outstanding positions for over-concentrations.

• In the event the value of the total assets of the Partnership declines, the maximum amount of leverage that the Partnership could be exposed to is 25% of the total assets of the Partnership (or approximately 33% of the Net Asset Value of the Partnership).

• The number of LP Units to be issued upon such election will be determined based on the Net Asset Value of the Partnership as at the date of issue.

• The Partnership shall not make a claim against a Limited Partner with respect to such amounts distributed to such Partner or amounts received by such Partner upon redemption of Units unless the Net Asset Value of the Partnership (which shall not include any right of contribution from the General Partner except to the extent previously made by it pursuant to this Agreement) shall be insufficient to discharge the liabilities of the Partnership which shall have arisen prior to the payment of such amount.

More Definitions of Net Asset Value of the Partnership

Net Asset Value of the Partnership means, in respect of a fiscal quarter of the Partnership, the Partnership’s total assets less its total liabilities, all as at the end of such fiscal quarter as set forth in the Partnership's financial statements prepared in respect of such fiscal quarter;

Net Asset Value of the Partnership at any time has the meaning given in Section 4.13; “Net Asset Value”, as it pertains to a class or series, is the amount calculated pursuant to subsection 3.2(f); and “Net Asset Value per Unit” means, where there is only one class or series of Units, the Net Asset Value of the Partnership divided by the number of outstanding Units as at such time, or, where there is more than one series of Units, “Net Asset Value per Unit” is the amount calculated pursuant to subsection 3.2(f);

Net Asset Value of the Partnership means the then fair market value of the Property of the Partnership at the time the calculation is made less the amount of its liabilities at that time;

Net Asset Value of the Partnership means the total assets of the Partnership including all cash and cash equivalents, accrued interest and other assets of the Partnership, less all Partnership liabilities, including, but not limited to, accrued legal, accounting and auditing fees, and any extraordinary expenses, determined on the accrual basis of accounting in accordance with generally accepted accounting principles, consistently applied in the United States, with such adjustments as are necessary or advisable in the sole discretion of the Management Company.

Net Asset Value of the Partnership means the amount determined from time to time in the manner set out in Part 10 herein;

Net Asset Value of the Partnership. (of a class) means the value of the assets of the Partnership allocated to that class pro rata, as determined by the General Partner at the time the calculation is made less the amount of liabilities allocated to that class pro rata at that time;

Net Asset Value of the Partnership means the aggregate value of the assets of the Partnership, less the aggregate value of the Partnership's liabilities as reported in the financial statements of the Partnership calculated on each valuation date (being at a minimum, the last business day of each fiscal quarter of the Partnership, the last day of the fiscal year of the Partnership and the date the Partnership is terminated or dissolved pursuant to Limited Partnership Agreement, and includes any other date on which the General Partner elects, in its discretion, to calculate the Net Asset Value of the Partnership), and for greater certainty, such calculation shall exclude any capital contributions by the Partners;