Net Asset Value per Share definition

Net Asset Value per Share means the Net Asset Value of a Fund divided by the

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Net Asset Value per Share means the value of a Share determined under Section 4.3.

Net Asset Value per Share means the Net Asset Value divided by the number of Shares outstanding on the date of calculation.

Examples of Net Asset Value per Share in a sentence

On each Business Day on which the Exchange is open for regular trading, the Administrative Trustee (or its appointed delegee, including the Trust Administrator or the Processing Agent, as applicable) shall determine the Net Asset Value of the Trust and the Net Asset Value per Share as of 4:00 p.m. (Eastern Time).
None of the Trust Administrator, the Administrative Trustee nor the Sponsor shall be liable to any Person for the determination that the most recently communicated Net Asset Value of the Trust or Net Asset Value per Share is not appropriate or for any determination as to the alternative basis for valuation; provided that such determination is made in good faith.
The Administrative Trustee hereby delegates to the Trust Administrator the responsibility to calculate the Net Asset Value of the Trust and the Net Asset Value per Share, based on a pricing source selected by the Administrative Trustee, until such time as the Administrative Trustee revokes such delegation in its sole discretion.

More Definitions of Net Asset Value per Share

Net Asset Value per Share means, in respect of any shares, the Net Asset Value attributable to the

Net Asset Value per Share or “NAV per Share” means in respect of any Share the Net Asset Value attributable to the Shares issued in respect of a fund or a Share Class divided by the number of Shares in issue in respect of that fund or Share Class;

Net Asset Value per Share means the Net Asset Value divided by the number of Shares of the

Net Asset Value per Share means the Net Asset Value divided by the number of Shares (in issue) of the relevant Fund (and where there is more than one Class of Shares in a Fund, the Net Asset Value attributable to each such Class, (subject to such adjustments, if any, as may be required) divided by the number of Shares (in issue) of the relevant Class).

Net Asset Value per Share means the net asset value of each Series or Class, determined as provided in Article V, Section 5;

Net Asset Value per Share means the net asset value of each Series or Class, determined as provided in Article V, Section 3;

Net Asset Value per Share means, with respect to each Series at any time, the value of the Assets belonging to that Series less the Liabilities chargeable to that Series pursuant to Article IV, Section 4, divided by the number of Outstanding Shares, all determined as provided in Article V, Section 3;