Net Asset Value of a Class definition

Net Asset Value of a Class means the net asset value of the Fund Units of a particular Class calculated in accordance with ITEM 5.1 – Terms of Securities.
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Net Asset Value of a Class means the Net Asset Value allocated to capital accounts represented by Units of Limited Partnerships Interests divided by the aggregate number of Units of such Class.
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Net Asset Value of a Class means the amount determined as being the Net Asset Value of a Class for any particular Dealing Day pursuant to Clause 17.00 of this Deed;
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Examples of Net Asset Value of a Class in a sentence

  • The Net Asset Value of a Class of Participating Shares shall be determined by calculating that portion of the Net Asset Value of the relevant Fund or attributable to the relevant Class.

  • In the absence of bad faith, negligence or manifest error, every decision taken by the Directors, AIFM or their delegate in calculating the Net Asset Value of a Fund or the Net Asset Value per Participating Share or the Net Asset Value of a Class of Participating Shares shall be final and binding on the ICAV, and present, past or future Shareholders.

  • Issue written instructions to employees on the proper application of laws, regulations, and standards.

  • The Net Asset Value of a Class of Participating Shares shall be determined by calculating that portion of the Net Asset Value of the relevant Fund attributable to the relevant Class.

  • The Net Asset Value of a Class of Shares shall be determined by calculating that portion of the Net Asset Value of the relevant Fund attributable to the relevant Class following any adjustment necessary to take account of assets and/or liabilities attributable to each Class of Shares.

  • In the absence of bad faith, negligence or manifest error, every decision taken by the Directors, AIFM or their delegate in calculating the Net Asset Value of a Fund or the Net Asset Value per Share or the Net Asset Value of a Class of Shares shall be final and binding on the ICAV, and present, past or future Shareholders.

  • The European Union thanked Qatar for seeking solutions as discussed during bilateral exchanges, and expressed its willingness to continue the constructive dialogue.

  • Whenever a foreign exchange rate is needed in order to determine the Net Asset Value of a Class, the applicable foreign exchange rate on the respective Valuation Date will be used.In addition, appropriate provisions will be made to account for the charges and fees charged to the Sub-Funds and Classes as well as accrued income on investments.

  • Unitholders submitting a Class C Unit for redemption will receive an amount equal to the product of (i) the Monthly Redemption Amount and (ii) a fraction, the numerator of which is the most recently calculated Net Asset Value of a Class C Unit and the denominator of which is the most recently calculated Net Asset Value of a Class A Unit.

  • Subject to the terms of the Information Memorandum, in the absence of negligence, fraud or wilful default, every decision taken by the Directors, the AIFM or any committee of the Directors or the AIFM or any duly authorised person on behalf of the ICAV in valuing any asset or calculating the Net Asset Value of a Class or Series or the Subscription Price or Redemption Price per Share shall be final and binding on the ICAV and on present, past or future Shareholders.


More Definitions of Net Asset Value of a Class

Net Asset Value of a Class means the net asset value of a Class calculated in accordance
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Net Asset Value of a Class means the net asset value of a Class calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value"."Net Asset Value of the Fund"means the aggregate Net Asset Value of all the Portfolios."Net Asset Value of a Portfolio"means the net asset value of a Portfolio calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value"."Net Asset Value per Unit"means the net asset value per Unit of a Class calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value".“Official List”means the Official List of the Irish Stock Exchange.“Option”means a Derivative giving the owner the right to buy (in the case of call-option) or the right to sell (in the case of a put-option) a pre-determined number at a predefined value, during a predefined time period for a pre-agreed price."Portfolios"means any Portfolios established by the Manager from time to time with the approval of the Trustee and of the Central Bank.“Realisation Event”means the occurrence of circumstances when, in the opinion of the Manager in consultation with the Investment Advisor, (a) a significant portion of Illiquid Investments allocated to Side Pocket Units becomes liquid (including, without limitation, when there is a public offering of the securities constituting the Illiquid Investment, which offering the Investment Advisor determines reasonably values the Illiquid Investment); or (b) a significant portion of Illiquid Investments allocated to Side Pocket Units are liquidated, sold or otherwise disposed of by the relevant Portfolio; or (c) a significant portion Illiquid Investments allocated to Side Pocket Units are sold, whether to an individual person or corporation including affiliates of the Manager, or on a secondary market for side pockets, should such a secondary market come into existence."Recognised Market"means any regulated stock exchange or market on which a Portfolio may invest. A list of those stock exchanges or markets is contained in Appendix I.“Redemption Deadline”in respect of a Portfolio, as provided in the relevant Supplement, or such other Business Day as the Manager may determine and notify in advance to Unitholders.
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Net Asset Value of a Class means the portion of the Net Asset Value of the Partnership allocable to such Class of Interests.
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Related to Net Asset Value of a Class

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Net Asset Value per Unit means the Net Asset Value of a Fund divided by the number of Units of a Fund outstanding on the date of calculation.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Average Net Assets means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect. The fee is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Valuation Amount means, in respect of each Mortgaged Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Class A Invested Amount means, on any date of determination, an amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class A Certificateholders on or prior to such date, minus (c) the excess, if any, of (i) the aggregate amount of Class A Investor Charge-Offs for all prior Distribution Dates over (ii) Class A Investor Charge-Offs reimbursed pursuant to subsection 4.07(b) prior to such date.