Target NAV definition
Target NAV has the same meaning as in Clause 8.2;
Target NAV means $95,000,000.
Target NAV means the greater of the two following figures:
Examples of Target NAV in a sentence
The Performance Fee shall be [xx] % of the amount by which the net asset value of the Portfolio as at the end of the calendar year exceeds the Target NAV.
More Definitions of Target NAV
Target NAV means $95,000,000. 1.163 “Tax” or “Taxes” means all federal, state, provincial, local and other taxes, fees, levies, duties and other similar assessments and charges (including, without limitation, income, sales, use, excise, stamp, transfer, property, value added, recording, registration, intangible, documentary, goods and services, real estate, sales, payroll, gains, gross receipts, withholding and franchise taxes) together with any interest, penalties, or additions payable in connection with such taxes, fees, levies, duties or other similar assessments and charges and shall include liability for taxes of another Person pursuant to Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign tax law), by contract or otherwise. 1.164 “Tax Returns” means, with respect to any corporation or affiliated group, all returns, reports, estimates, information statements, declarations and other filing related to, or required to be filed in connection with, the payment or refund of any Tax. 1.165 “Third Party Action” has the meaning set forth in Section 6.04(a). 1.166 “Trademark License Agreements” means the agreements, in the forms attached hereto as Exhibit G, between Newco and the Company, to be executed as of the Closing Date, licensing certain Trademarks to Newco and the Company, as applicable. 1.167 “Trademarks” has the meaning set forth in Section 1.88. 1.168 “Transactional Taxes” means all Taxes (other than Income Taxes or Taxes that are Restructuring Liabilities) triggered by or resulting from the Contribution, the Sale, the Spin Off or the Merger.
Target NAV means, with respect to any Calculation Day, an amount, as determined by the Calculation Agent in its sole discretion, equal to the sum of: