Net New Appreciation definition

Net New Appreciation means the amount, if any, by which the net asset value of each Share Class (prior to the reduction of any accrued Performance Fee but after the reduction of any Performance Fees payable due to shareholder redemptions) at the end of the relevant Performance Fee Period exceeds the High Water Mark (as defined below).
Net New Appreciation means, with respect to each Class, the positive difference between
Net New Appreciation means the difference, if any, between (i) the Net Asset Value of the Fund per Share as of the end of the relevant Performance Period (prior to deducting any accrual for the Performance Fee) and (ii) the Net Asset Value of the Fund per Share as of the last Valuation Day of the most recent Performance Period for which a Performance Fee was paid or payable to the Manager. For purposes of calculating the first Performance Fee payable to the Manager, clause (ii) shall mean the Initial Offer Price per Share.

Examples of Net New Appreciation in a sentence

  • Consolidation of I Shares and I-2 Shares If at the end of a Calculation Period, any I Shares and its Corresponding Class (as set out in the table below) of I-2 Shares have both achieved Net New Appreciation on which a Performance Fee is payable as at the end of that Calculation Period, then such I-2 Shares will be consolidated into the Corresponding Class of I Shares.

  • The Advisor also earns a monthly incentive fee equal to 20% of any Net New Appreciation, as defined in the Agreement, achieved by the Partnership.

  • As the Newport fieldwork report for August 2000 indicated that the GAMMA wrecksite had a one in three chance of being the Lord Sandwich ex HMB Endeavourin May 2001 the Australian National Maritime Museum endorsed the return of a Museum team to Newport in 2001.

  • Because the incentive fees are paid on the Net New Appreciation of the Partnership as a whole, it is possible that certain Limited Partners may experience increases in the Net Asset Value of their units while paying no incentive fees on such increases in the Net Asset Value of such units as a result of the timing of the purchase of units.

  • The Performance Fee is payable at the rate of 20% of the Net New Appreciation (as defined below).

  • Performance fees are only payable if the Net New Appreciation per Class C CAD Share exceeds a previously highest attained value.

  • Performance fees are only payable if the Net New Appreciation per Class A CAD Share exceeds a previously highest attained value.

  • In certain circumstances, the Fund will pay the Investment Manager a performance fee up to 20.00% of the Net New Appreciation per Class C CAD Shares (after deducting management fees for the period but prior to the calculation and deduction of the performance fee itself) multiplied by the number of Class C CAD Shares in issue.

  • A weekly performance fee (the "Performance Fee") will be calculated and accrued as at each Valuation Day at a rate of up to 20% of the Net New Appreciation attributable to each Share Class.

  • For purposes of determining Net New Appreciation, the Net Asset Value of a Series shall not be reduced by any extraordinary fees and expenses (such as attorneys fees and expenses incurred in relation to any litigation).


More Definitions of Net New Appreciation

Net New Appreciation means, with respect to each class, the positive difference between the Net Asset Value of the Class (net of all deductible fees and expenses, including any Management Fee; but for the purpose of calculating the Performance Fee, not reduced by the Performance Fee) and the relevant High Water Mark.
Net New Appreciation means the amount, if any, by which the Net Asset Value of ‘Class MUS D34 Man AHL Diversity - GBP Shares’ and the ‘Class MUS D36 Man AHL Diversity - USD Shares’ (prior to reduction for accrued Performance Fee but after the reduction of any Performance Fees payable due to shareholder redemptions) at the end of the relevant Performance Fee period exceeds the High Water Mark (as defined below).
Net New Appreciation means, with respect to each Class (excluding Class R1 Shares, Class R2 Shares, Class R3 Shares), the positive difference between (i) the Net Asset Value of the Class (net of all deductible fees and expenses, including any Management Fee but for the purpose of calculating the Performance Fee, not reduced by the Performance Fee) and (ii) the relevant High Water Mark (as defined below).
Net New Appreciation means, with respect to each of Class R1 Shares, Class R2 Shares, Class R3 Shares, the positive difference between (i) the Adjusted Net Asset Value of the Class and (ii) the relevant High Water Mark (as defined below).

Related to Net New Appreciation

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Threshold Appreciation Price has the meaning specified in Section 5.1.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Limited Stock Appreciation Right means an Award of a limited Tandem Stock Appreciation Right or a Non-Tandem Stock Appreciation Right made pursuant to Section 7.5 of this Plan.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.

  • Appreciation means a realized or unrealized increase in the value of property.

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Other Unit-Based Award means an award granted pursuant to Section 6(f) of the Plan.

  • Unit Appreciation Right or “UAR” means a contingent right that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR.

  • Other Award Agreement means a written agreement between the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Capital Appreciation Bonds means Bonds issued under this Master Indenture and any Supplemental Indenture as to which interest is compounded periodically on each of the applicable periodic dates designated for compounding and payable in an amount equal to the then-current Accreted Value only at the maturity or earlier redemption thereof, all as so designated in a Supplemental Indenture of the Issuer providing for the issuance thereof.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.