Total NAV definition

Total NAV means the sum of the products, for each of Class A Shares, Class B Shares, Class C Shares and Class D Shares at the time of determination, of the NAV Per Share for each Class and the Shares Outstanding of such Class at such time.
Sample 1Sample 2Sample 3
Total NAV has the meaning provided in Section 2.6(g).
Sample 1Sample 2Sample 3
Total NAV has the meaning provided in SECTION 2.6(F).
Sample 1

Examples of Total NAV in a sentence

  • End of the performance period at 31.03.2019:• NAV per unit at 31.03.2019: EUR 112;• Hurdle rate: 3% (per quarter)• Performance fee accrual between 01.01.2019 and 31.03.2019: EUR 0,90 per unit (112-103 x 10%)• Units outstanding as of 31.03.2019: 1,000,000• Total NAV as of 31.03.2019: EUR 112,000,000• Performance fee paid on 31.03.2019: 1,000,000 x EUR 0.90 = EUR 900,000On 31.03.2019, the final performance fee is calculated for the whole period.

  • Such Daily Report shall specify whether any portion of the Total NAV has been determined pursuant to fair value pricing, identifying the particular portfolio security or securities that were valued using fair value pricing and the procedures used to make such determination.

  • Total NAV differences of more than 20 basis points will not be accepted without supporting documentation.

  • Total NAV = VA - LT NAV Per Unit= Total NAV No.of ShareVA = Value of all securities in hand + Value of all securities placed under lien + Cash at hand and bank + Value of all securities receivables + Receivables of proceeds of sale of investments + Dividend receivables, net of tax + Interest receivables, net of tax + Issue expenses less amortized for the period + Printing, publication and stationery expenses less amortized for the period = Value of Total Assets of the Scheme for the Period.

  • The Cash Adjusted NAV has been calculated as Total NAV (per section 4 above) minus the total of cash and near cash equivalents (per section 4 above).

  • Total NAV Return means the movement in the Adjusted NAV per share over the period plus any dividends paid.

  • As at 31 March 2021, the Cumulative Total NAV return is 186.34 pence per share, so the Target Return for the 2021 financial year has currently been met and a fee of £742,900 has been accrued.

  • End of the performance period at 31.12.2019:• NAV per unit at 31.12.2019: EUR 110;• Performance fee accrual between 01.01.2019 and 31.12.2019: EUR 1.5 per unit (110-100 x 15%);• Units outstanding as of 31.12.2019: 1,000,000• Total NAV as of 31.12.2019: EUR 110,000,000• Performance fee paid on 31.12.2019: 1,000,000 x EUR 1.5 = EUR 1,500,000At the end of the year on 31.12.2019, the final performance fee is calculated for the whole year.

  • Total NAV returns will be dependent upon the Company successfully pursuing its investment objective and investment policy.

  • TMI targets a Total NAV Return of 10% to 12% p.a. (net of expenses and fees) over the medium to long term.


More Definitions of Total NAV

Total NAV means with respect to each Class of Shares at the time of determination, (i) the product of the published net asset value per Share for such Class and the number of Shares of such Class outstanding at such time if the determination is made as of the close of business on any Business Day and (ii) if the determination is made at any time other than the close of business on any Business Day, Total NAV shall mean the Total NAV (as determined in accordance with subsection (i) above) as of the close of business on the immediately preceding Business Day, adjusted to reflect any difference in the Market Value of the Fund's portfolio securities at the time of such determination compared to the Market Value of such securities at the close of business on such prior Business Day and taking into account any purchases and sales of portfolio securities effected as of the time that the determination is made. The assets, income, gain, loss, expenses and liabilities (other than those expenses and liabilities relating specifically to a Class of Shares which shall be allocated solely to such Class) of the Fund shall be allocated to each Class of Shares of the Fund at each time of determination on a pro rata basis based on the Total NAV of such Class of Shares as determined as of the close of business on the preceding Business Day. "TOTAL NAV" means, when used with respect to the Fund rather than a particular Class of Shares, the sum of the Total NAV for all Classes of Shares at the time in question.
Sample 1
Total NAV means, when used with respect to the Fund rather than a particular Class of Shares, the sum of the Total NAV for all Classes of Shares at the time in question.
Sample 1
Total NAV has the meaning set forth in SECTION 2.6(F); PV = the product of (i) the Adjusted Discount Factor and (ii) the Protected Amount, in each case with respect to the relevant Class; where, Adjusted Discount Factor = with respect to each Class of Shares, means the following quotient as determined by the Calculation Agent in a commercially reasonable manner and communicated to the Adviser prior to 4:00 p.m. (Eastern time) on each Exchange Business Day (and if not so communicated, the Adjusted Discount Factor last communicated to the Adviser by the Calculation Agent): (i) the present value discount factor representing the theoretical price, expressed as a percentage of par, of a theoretical zero coupon bond maturing on the Maturity Date, the yield of which is consistent with USD LIBOR and USD swap rates as of the date of determination and (ii) an amount, based on the Total Fees of the relevant Class and the time (in years) remaining to the Maturity Date, determined by the Calculation Agent as follows: / Total Fees /^365 x 1 /1 - ---------- / / 365 / Total Fees = maximum expense ratio of that Class of Shares on an annual basis permitted by the Expense Limitation Agreement assuming a Permanent Defeasance Event has occurred (excluding extraordinary Fund expenses (as defined in the Expense Limitation Agreement)); Cushion = 0.225, as adjusted pursuant to SECTIONS 3.3(C), 3.4(D) AND 4.1(C); t = the time, in years, remaining until the Maturity Date.
Sample 1
Total NAV has the meaning provided in Section 2.6(g). --------- --------------
Sample 1

Related to Total NAV

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but:

  • Consolidated Total Capitalization means at any time the sum of Consolidated Indebtedness and Consolidated Net Worth, each calculated at such time.

  • Total Equity means the product of: (i) the sum of (A) the aggregate number of shares of Common Stock to be outstanding immediately following the IPO Closing (excluding the over-allotment option, if any) and (B) the aggregate number of OP Units to be outstanding immediately following the IPO Closing other than OP Units held by the Company times (ii) the IPO Price.

  • Total Net Funded Debt means, as at any relevant date:

  • Consolidated Total Net Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed money, purchase money indebtedness, Attributable Indebtedness, and debt obligations evidenced by promissory notes, bonds, debentures, loan agreements or similar instruments, minus the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date; provided that Consolidated Total Net Debt shall not include Indebtedness (i) in respect of letters of credit (including Letters of Credit), except to the extent of unreimbursed amounts thereunder; provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Net Debt until three Business Days after such amount is drawn, (ii) for the avoidance of doubt, Non-Financing Lease Obligations and (iii) of Unrestricted Subsidiaries; it being understood, for the avoidance of doubt, that obligations under Swap Contracts do not constitute Consolidated Total Net Debt.

  • Total Capitalization means, at any date, the sum (without duplication) of (i) the consolidated stockholders’ equity of the Borrower and its Consolidated Subsidiaries plus (ii) the net amount of Convertible Preferred Stock as reflected in the consolidated statements of financial position of the Borrower and its Consolidated Subsidiaries plus (iii) Total Finance Liabilities, all determined as of such date.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Capitalization means, with respect to any Person, the sum of (a) all of the shareholders’ equity or net worth of such Person and its Subsidiaries, as determined in accordance with GAAP plus (b) Consolidated Indebtedness of such Person and its Subsidiaries plus (c) the outstanding principal amount of Preferred Stock plus (d) seventy-five percent (75%) of the outstanding principal amount of Specified Securities of such Person and its Subsidiaries.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Shareholders’ Equity means the total common and preferred shareholders' equity of the Company as determined in accordance with GAAP (calculated including any Recharacterized Portion, but excluding (i) unrealized gains (losses) on securities as determined in accordance with FAS 115 and (ii) any charges taken to write off any goodwill included on the Company's balance sheet on the Effective Date to the extent such charges are required by FAS 142).

  • Total Capital means Retained Earnings, the amount paid-in for Capital Stock, the amount of any general allowance for losses, and the amount of other instruments that the FHFA has determined to be available to absorb losses incurred by the Bank.

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Shareholders’ Equity means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

  • Total Investment means the sum of the aggregate Capital Contributions made by a Member.

  • Total Evaluated CRIS MW means the Additional CRIS MW requested plus either (i) if the Installed Capacity Supplier previously received an exemption under Sections 23.4.5.7.2(b), 23.4.5.7.6(b), 23.4.5.7.7 or 23.4.5.7.8, all prior Additional CRIS MW since the facility was last exempted under Sections 23.4.5.7.2(b), 23.4.5.7.6(b), or 23.4.5.7.8, or (ii) for all other Installed Capacity Suppliers, all MW of Capacity for which an Examined Facility obtained CRIS pursuant to the provisions in ISO OATT Sections 25, 30, or 32 (OATT Attachments S, X, or Z). For purposes of Section 23.4.5 of this Attachment H, “UCAP Offer Reference Level” shall mean a dollar value equal to the projected clearing price for each ICAP Spot Market Auction determined by the ISO on the basis of the applicable ICAP Demand Curve and the total quantity of Unforced Capacity from all Installed Capacity Suppliers in a Mitigated Capacity Zone for the period covered by the applicable ICAP Spot Market Auction. For purposes of Section 23.4.5 of this Attachment H, “Unit Net CONE” shall mean localized levelized embedded costs of a specified Installed Capacity Supplier, including interconnection costs, and for an Installed Capacity Supplier located outside a Mitigated Capacity Zone including embedded costs of transmission service, in either case net of likely projected annual Energy and Ancillary Services revenues, and revenues associated with other energy products (such as energy services and renewable energy credits, as determined by the ISO, translated into a seasonally adjusted monthly UCAP value using an appropriate class outage rate. The Unit Net CONE of an Installed Capacity Supplier that has functions beyond the generation or transmission of power shall include only the embedded costs allocated to the production and transmission of power, and shall not net the revenues from functions other than the generation or transmission of power.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Total risk-based capital ratio means the ratio of qualifying total capital to weighted risk assets, as calculated in accordance with the Board’s Capital Adequacy Guidelines for State Member Banks: Risk-Based Measure (Appendix A to this part).[63 FR 37652, July 13, 1998, as amended at 63FR 42674, Aug. 10, 1998] § 208.42 Notice of capital category.(a) Effective date of determination of capital category. A member bank shall be deemed to be within a given capital category for purposes of section 38 of the FDI Act and this subpart as of the date the bank is notified of, or is deemed to have notice of, its capital category, pursuant to paragraph (b) of this section.(b) Notice of capital category. A mem- ber bank shall be deemed to have been notified of its capital levels and its capital category as of the most recent date:

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.