Class NAV definition

Class NAV means, with respect to a Class, the amount determined from time to time in the manner set out in section 3(a) of Part I;

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as: (i) the aggregate Investable Proceeds of such class of Partnership Units divided by (ii) the aggregate Investable Proceeds of all classes of Partnership Units multiplied by (iii) the Net Asset Value. The Class NAV may be adjusted by class, at the sole discretion of the Portfolio Manager, for factors including, but not limited to, assets, liabilities, revenues, Commissions, costs, expenses or any transaction unique to each class of Partnership Units.

Class NAV or “Class Net Asset Value” means in respect of any particular Class of Units of the Trust or Class of LP Units of the Partnership on any particular Business Day, the portion of the Net Asset Value of the Trust attributed to the Units of such Class or of the Partnership attributed to the LP Units of such Class as determined by the Trustee or the Partnership as the context may require.

Examples of Class NAV in a sentence

• Unlike traditional mutual funds, the amounts that unitholders will receive upon death or voluntary redemption may be less than the Class NAV per unit, and possibly significantly less (including $0).

• On April 14, 2017, applicant requested a hearing on the denial, and the Division responded by letter dated February 2, 2018, advising applicant that a hearing had been scheduled.

• It is intended that distributions will be paid based on the applicable Class NAV per unit at the time such distributions are announced.

• Under the Claw-back model a performance fee can typically be charged even if the Share Class performance is negative, so long as the benchmark has decreased more than the NAV.High water mark model With this model, the fees are calculated exactly as they are for the Claw-back model, except that in addition to exceeding the performance of its benchmark, a Share Class NAV must be higher than it was the last time a performance fee was paid, or than it was at inception.

• The performance fee is equal to 10% of the amount by which the Class NAV per share exceeds such Class’ Benchmark Value per share, as defined within the Prospectus.

More Definitions of Class NAV

Class NAV means, in respect of any Class of Shares or the Voting Shares at any time, the Proportionate Share of the NAV allocable to such Class of Shares or the Voting Shares, adjusted to reflect the Class of Shares' or the Voting Shares' Proportionate Share of Common Expenses and its Share Class Expenses;

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as:

Class NAV means, for each Class, the sum of the Series NAVs for all Series within such Class. For the avoidance of doubt, the sum of the Class NAVs for all Classes shall equal Net Asset Value.

Class NAV means, for each Class, the portion of the Company’s Net Asset Value attributable to such Class.

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as: (i) the aggregate Investable Proceeds of such class of Partnership Units divided by

Class NAV means the NAV of any Class of Units of the Fund;

Class NAV means in respect of a class of Partnership Units, a portion of the Net Asset Value attributed to such class of Partnership Units by the General Partner in its sole discretion, acting reasonably, with reference to factors including, but not limited to, assets, liabilities, revenues, Commissions, costs, expenses, or any transaction unique to each class of Partnership Units (including, for greater certainty, any accrued Special Allocation with respect to a class of Partnership Units).