Series Net Asset Value per Unit definition

Series Net Asset Value per Unit means in respect of any particular series of Units of a Fund, the portion of the Net Asset Value of the Fund attributed to each Unit of such series determined in accordance with Section 3.4.

Series Net Asset Value per Unit means the Net Asset Value of a Series divided by the number of Units of a Series outstanding on the date of calculation.

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series;

Examples of Series Net Asset Value per Unit in a sentence

• Units will be offered at the Series Net Asset Value per Unit calculated as of the applicable Valuation Date.

• The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws.

• The proceeds per Unit payable on redemption determined on the applicable Valuation Day will equal the Series Net Asset Value per Unit on the Valuation Day as determined above.

• Thereafter, the subscription price per Unit of Units of a Fund purchased pursuant to a subscription will be the Series Net Asset Value per Unit of that series of Unit of that Fund determined on the Valuation Day on which the subscription is accepted, provided it is accepted before the Close of Business on such Valuation Day, or the Valuation Day next following the acceptance of the subscription.

• The Manager shall within three Business Days following the determination of the Series Net Asset Value per Unit for the applicable Redemption Date, distribute an amount equal to the Series Net Asset Value per Unit determined as of the relevant Redemption Date.

More Definitions of Series Net Asset Value per Unit

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series; “SPACs” means publicly-listed North American Special Purpose Acquisition Corporations;

Series Net Asset Value per Unit means, in respect of any particular Series of a Pool, the Series Net Asset Value in effect at that time divided by the number of Units of that Series outstanding at such time;

Series Net Asset Value per Unit of the Units of a Series of Units, as of any date, shall equal the applicable Series Net Asset Value divided by the total number of Units of such Series then outstanding on such date, prior to any issuance or redemption of Units of such Series to be processed immediately following such calculation.

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series. “Subscriber” means a person subscribing for Units of the Fund under a Subscription Agreement.

Series Net Asset Value per Unit means the respective Series Net Asset Value per Unit calculated, for each Series of Units, by dividing the aggregate value of the assets of the Fund less the aggregate amount of its liabilities, in each case attributable to that Series only, by the total number of Units of the Series outstanding at the time the calculation is made on the Valuation Day;

Series Net Asset Value per Unit means, in respect of the Units of any particular (pp) “Series” on any particular Business Day, the portion of the Net Asset Value of theTrust attributed to each of the Units of such Series; (qq) “Settlor” means Starlight Investments Capital GP Inc.; (rr) “Special Resolution” means a resolution of the Unitholders approved by not less than 662/3% of the votes cast by those persons who vote in person or by proxy at a duly convened meeting of the Unitholders, or a written resolution signed by the Unitholders entitled, in the aggregate, to not less than 662/3% of the aggregate number of votes of those persons; (ss) “Standard of Care” has the meaning given thereto in Section 5.1; (tt) “Starlight” means Starlight Investments Capital LP;(uu) “subsidiary” and “subsidiaries” has the meaning ascribed thereto in National Instrument 45-106 – Prospectus Exemptions, as replaced or amended from time to time; (vv) “Successor” means such Person as may be appointed under Section 3.3 to assume some or all of the powers, duties and responsibilities performed by the Trustee and Manager in their capacity as trustee and/or manager of a Trust under the terms of this Declaration of Trust, or any Person appointed as a successor for a Successor in accordance with the provisions hereof; (ww) “Tax Act” means the Income Tax Act (Canada) and the regulations thereunder;(xx) “Taxation Year” means the taxation year of a Trust for the purposes of the Tax Act; (yy) “Termination Date” means the date of termination of this Declaration of Trust inrelation to a Trust in accordance with Article 14;(zz) “Transfer Agent” means any such company as may from time to time be appointed by the Trust to act as registrar and transfer agent of the Units, together with any sub- transfer agent duly appointed by the Transfer Agent; (aaa) “Trust” means the applicable Trust (as defined in the Recitals hereto), collectively “Trusts”; (bbb) “Trust Income” or “Trust Loss” of a Trust for any particular Taxation Year means the income or loss of the Trust for such year computed in accordance with the provisions of the Tax Act other than paragraph 82(1)(b) and subsection 104(6) of the Tax Act regarding the calculation of income for the purposes of determining the “taxable income” of the Trust thereunder; provided, however, that (i) no account shall be taken of any gain or loss, whether realized or unrealized, that would, if realized, be a capital gain or capital loss for the purposes of the Tax Act, and (ii) if such cal...

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series; “soft-dollars” has the meaning given to such term in “Conflicts of Interest”;