Unit NAV definition

Unit NAV means the NAV of the relevant Fund divided by the number of Units in that Fund in issue from time to time (and at any relevant time) calculated in accordance with this Prospectus.
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Unit NAV means the net asset value of a Unit, as calculated in accordance with Paragraphs 5.6 and 5.7.
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Unit NAV means the Net Asset Value of a Unit, being the Net Asset Value of the
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Examples of Unit NAV in a sentence

  • Pursuant to allotment of Bonus Units, the per Unit NAV would fall in proportion to the Bonus Units allotted and as a result the total value of Units held by the Unitholder would remain the same.

  • Accordingly, the Fund’s Units may be traded at a value that is higher or lower than the Fund’s Net Asset Value per Unit (NAV).

  • The NAV, NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are available to the public at no cost by calling 1-866-642-6001 and the NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are available on the Manager’s website at www.bromptongroup.com.

  • Each Unit willparticipate in the income and capital of the Fund on a pro rata basis having regard to its relevant Unit NAV relative to the Unit NAV of each other Unit.The Unit NAV of a class of Units (and therefore their respective entitlements) will be adjusted having regard to the costs, fees and expenses attributable to that class.

  • Instead of having a numerical list of stocks traded on a market they will be indexed by their symbol, which is unique across all markets.

  • The NAV, NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are calculated in Canadian dollars.

  • Consequently, the Fund’s Units may be traded at a value that is higher or lower than the Fund’s Net Asset Value per Unit (NAV).

  • EQUITY- SECTORAL FUND OptionNAV (`)Record DateDividend (in `/Unit) NAV (`) PORTFOLIOStock Name(%) Of Total AUMEquity SharesInfosys Ltd.HCL Technologies Ltd.

  • The Net Asset Value and the Unit NAV will be communicated to investors every month.

  • The per Unit NAV on the date of allotment is taken as Rs. 10 for computation of returns.


More Definitions of Unit NAV

Unit NAV. The Fund’s total net assets, including without limitation investments, cash, accrued interest receivable and any other category of assets, less its liabilities including any obligations (whether present or future, contingent or otherwise, as principal or surety or otherwise) as calculated on a per share basis and reported by the Fund and by Bank of Bermuda (the “Custodian”) in accordance with U.S. GAAP. Provided, that on any Valuation Date, if the Fund has suspended reporting Unit NAV, then the Calculation Agent shall determine Unit NAV. Maximum Notional Amount: USD 160,000,000 Equity Value: With respect to any Business Day other than a final Quarterly Valuation Date, the product of (a) Unit NAV and (b) the Number of Shares. On a final Quarterly Valuation Date, the Equity Value shall be the higher of (i) the highest bid price received by the Calculation Agent after soliciting bids from (A) at least three nationally recognized broker / dealers and, (B) at the Counterparty’s option, the Counterparty or (ii) the Redemption Amount (as defined below). For this purpose, if Shares submitted by CIBC for redemption are not redeemed by the Fund, the Calculation Agent shall determine the Unit NAV. Capped Equity Value: The lesser of the Maximum Notional Amount and the Equity Value. Equity Notional Amount: Initially, USD 150,000,000, subject to adjustment on each Quarterly Valuation Date and Mandatory Redemption Date so that the Equity Notional Amount equals the Capped Equity Value on such Quarterly Valuation Date and Mandatory Redemption Date subject to adjustment as provided below under Adjustments.
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Unit NAV. The Fund's total net assets, including without limitation investments, cash, accrued interest receivable and any other category of assets, less its liabilities including any obligations (whether present or future, contingent or otherwise, as principal or surety or otherwise) as calculated on a per share basis and reported by the Fund and by Bank of Bermuda (the "Custodian") in accordance with U.S. GAAP. Provided, that on any Valuation Date, if the Fund has suspended reporting Unit NAV, then the Calculation Agent shall determine Unit NAV.
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Unit NAV means the fair value NAV of a Unit;
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Related to Unit NAV

  • Class I renewable energy means electric energy produced from

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • GP means Gottbetter & Partners, LLP.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Electric generating unit means an individual electric generator and its associated plant and apparatus whose electrical output is capable of being separately identified and metered. Emergency Condition shall mean a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the CAISO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the CAISO Controlled Grid or the electric systems of others to which the CAISO Controlled Grid is directly connected; (3) that, in the case of the Participating TO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Participating TO’s Transmission System, Participating TO’s Interconnection Facilities, Distribution System, or the electric systems of others to which the Participating TO’s electric system is directly connected; or

  • Class II renewable energy means electric energy produced at a

  • Common interest development means any of the following:

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • SHCP means Secretaría de Hacienda y Crédito Público, the Borrower’s Ministry of Finance and Public Credit.

  • Delaware Divided LLC means any Delaware LLC which has been formed upon consummation of a Delaware LLC Division.

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • PJM Interconnection, L.L.C. or "PJM" means the privately-

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Holdings LLC Agreement means the Amended and Restated Limited Liability Company Agreement of Holdings dated as of the Closing Date.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Fossil fuel-fired means, with regard to a unit:

  • energy infrastructure means any physical equipment or facility which is located within the Union or linking the Union to one or more third countries and falling under the following categories:

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Stock Connect means the securities trading and clearing linked programme with an aim to achieve mutual stock market access between mainland China and Hong Kong, comprising the Shanghai- Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.