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.

Unit NAV means the Net Asset Value of a Unit, being the Net Asset Value of the

Examples of Unit NAV in a sentence

After performing and publishing such calculations, the Company expects to update the price at which it is selling additional Units to be equal to the updated per Unit NAV.
By executing a Subscription Agreement and agreeing to become a Member, each Common Unitholder agrees that it is providing its consent, in accordance with Section 23(b) of the Investment Company Act, for the Fund to issue Units at the offering prices described above even if such offering price is below the then-current Per Unit NAV.
The Purchase Price represents 73% of the Purchaser's estimate of net asset value per Unit ("NAV Estimate") and 77% of the Purchaser's estimate of liquidation value per Unit.
If CIBC receives an additional payment after the Termination Date from the Fund as a result of an adjustment after the Termination Date, to Unit NAV, CIBC shall pay such amount to Counterparty on the first Business Day after receipt of such additional payment.
The Company will issue Common Units to investors from time to time at the Per Unit NAV.
While the General Partner has stated its intention to sell the Partnership's properties by the end of 1998, there is no guarantee such sales will occur or that such sales will allow Unitholders to realize the per Unit NAV.

More Definitions of Unit NAV

Unit NAV means the net asset value per Unit calculated by dividing the Partnership NAV by the number of Units issued and outstanding;

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.

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.