Fund Value definition

Fund Value means the separate account assets associated with the Variable Annuity Business.

Fund Value means the total number of Units in Fund(s) multiplied by the respective NAV of the Fund(s);

Fund Value means the total value of the Units at that point of time in a segregated fund i.e. total number of units under a Policy x the Net Asset Value (NAV) per unit of that fund on the relevant valuation date.

Examples of Fund Value in a sentence

• Injury Class who submit a valid Claim Form shall be entitled to a pro rata share of the remaining amount of the Net Fund Value, which Proposed Class Counsel estimates to be approximately $7,000,000; Any funds that are allocated to the Property Class and not needed to satisfy claims for members of the Property Class shall be re-allocated to the Personal Injury Class and distributed on pro rata basis to members of the Personal Injury Class who submit valid claims.

• After taking the amount of attorney’s fees and litigation costs and expenses as defined in Paragraph 7, service payments, and Administrator fees and expenses from the Settlement Fund, the remaining sum, which shall be referred to as the Net Fund Value (“NFV”) shall be used to pay members of the settlement class their pro rata share of the settlement.

• If the Risk Premium Charge is not received in full on the expiry of the grace period, then the Company shall immediately and automatically deduct an amount equal to the Risk Premium Charge from the Fund Value.

• It is understood and agreed that the Company’s maximum liability to make payment of Total Statutory Gratuity Benefit and the Extraordinary Gratuity Benefit the under this Master Policy in respect of all Members is the Fund Value.

• The Master Policy shall immediately and automatically terminate within 30 days of the Fund Value becoming zero, unless the due Contributions are made in full.

More Definitions of Fund Value

Fund Value means the value of the total number of Units held in the Unit Account of the Funds multiplied by the NAV;

Fund Value means the total number of Units pertaining to Premium and Top Up Premium, if any, held in the unit account multiplied by their respective NAV.

Fund Value means, in relation to any Fund and any Valuation Day, such sum as is ascertained and fixed by the Manager in respect of that Fund for that Valuation Day by deducting from the aggregate of:

Fund Value means sum total of the Regular Premium Fund Value and the Top up Premium Fund Value, if any.

Fund Value means (i) 8.7110% multiplied by (ii) an amount equal to (A) the Total Formation Transaction Value less (B) the Special Investment Amount. The "Special Investment Amount" means the sum of (i) 100% of the aggregate amount, during the period commencing on July 1, 2005 and ending on the Closing Date (defined below) of (x) Capital Contributions (as defined in the Restated Agreement of Limited Partnership of XXXX 2005 dated as of March 10, 2005, as amended) made to XXXX 2005 by its partners and (y) Capital Contributions (as defined in the Limited Liability Company Agreement of DEGA, LLC, a Delaware limited liability company, dated as of January 3, 2005) made by HBRCT LLC, a Hawaii limited liability company ("HBRCT"), if any (such capital contributions by the XXXX 2005 partners and HBRCT, if any, are collectively referred to as the "Additional Contributions"), plus (ii) a return on such Additional Contributions at an annualized rate of ten percent (10%) for the period commencing on the date on which each such Additional Contribution is made and ending on the Closing Date (for purposes of calculating the return, a capital contribution shall be deemed made on the date due, or if made after the due date, on the date received) (the amounts under clauses (i) and (ii) are collectively referred to as the "XXXX 2005 Investment Amount"), plus (iii) the $60,000,000 contributed to DERA on March 15, 2006 less the amount of any Additional Contributions made by DERA to XXXX 2005 after such date. An amount (the "Allocated Share") of the Fund Value shall be allocated to each Fund Partnership Interest or portion thereof in accordance with Section 5.3 of the Amended and Restated Agreement of Limited Partnership of the Fund dated as of February 14, 1996 (the "Fund Partnership Agreement"), it being expressly acknowledged and agreed by the parties hereto that Section 5.3 of the Fund Partnership Agreement shall apply to the allocation hereunder, treating the Allocated Share as a distribution of Distributable Net Proceeds (as defined in the Fund Partnership Agreement) from sales of properties.

Fund Value means the total value of units at that point of time in a segregated fund i.e. total number of units under a policy multiplied by the Net Asset Value (NAV) per unit of the fund

Fund Value means the total number of Units held in Your Unit Account multiplied by the Unit Price.