Net Asset Value of the Partnership shall have the meaning set forth in Section 7(d)(1) of the Partnership Agreement and, unless the Advisor consents in writing, without regard to further amendments thereto, provided that in determining the Net Asset Value of the Partnership on any date, no adjustment shall be made to reflect any distributions, redemptions, administrative fees or incentive fees accrued or payable as of the date of such determination.
Net Asset Value of the Partnership on any Valuation Date shall mean the value of the Partnership's assets less an amount equal to its liabilities (including reserves made in accordance with the provisions of the Limited Partnership Agreement and any Selected Amount) on such date (without regard to subscriptions or redemptions);
Net Asset Value of the Partnership means the amount derived by subtracting (i) the liabilities of the Partnership from (ii) Asset Value.
Examples of Net Asset Value of the Partnership in a sentence
Each transaction of purchase or sale of portfolio securities effected by the Partnership will be reflected in the computation of the Net Asset Value of the Partnership on the trade date.
In the event the value of the total assets of the Partnership declines, the maximum amount of leverage that the Partnership could be exposed to is 25% of the total assets of the Partnership (or approximately 33% of the Net Asset Value of the Partnership).
The number of LP Units to be issued upon such election will be determined based on the Net Asset Value of the Partnership as at the date of issue.
Prior to termination of the Partnership, the Net Asset Value of the Partnership will be calculated at each Valuation Date and made available for publication.
All rates of return are calculated based on the Net Asset Value of the Partnership.
More Definitions of Net Asset Value of the Partnership
Net Asset Value of the Partnership means, in respect of a fiscal quarter of the Partnership, the Partnership’s total assets less its total liabilities, all as at the end of such fiscal quarter as set forth in the Partnership's financial statements prepared in respect of such fiscal quarter;
Net Asset Value of the Partnership at any time has the meaning given in Section 4.13; “Net Asset Value”, as it pertains to a class or series, is the amount calculated pursuant to subsection 3.2(f); and “Net Asset Value per Unit” means, where there is only one class or series of Units, the Net Asset Value of the Partnership divided by the number of outstanding Units as at such time, or, where there is more than one series of Units, “Net Asset Value per Unit” is the amount calculated pursuant to subsection 3.2(f);
Net Asset Value of the Partnership means at any date the total assets of the Partnership including all cash and cash equivalents (valued at market plus accrued interest), accrued interest, and the market value of all Financial Instruments and other assets of the Partnership less all liabilities of the Partnership, including, but not limited to, liabilities associated with Financial Instruments, legal, accounting and auditing fees, and any extraordinary expenses with each determined on the basis of GAAP consistently applied under the accrual method of accounting, unless determined otherwise by the Management Company, at its discretion.
Net Asset Value of the Partnership means the amount determined from time to time in the manner set out in Part 10 herein;
Net Asset Value of the Partnership. (of a class) means the value of the assets of the Partnership allocated to that class pro rata, as determined by the General Partner at the time the calculation is made less the amount of liabilities allocated to that class pro rata at that time;
Net Asset Value of the Partnership means the then fair market value of the Property of the Partnership at the time the calculation is made less the amount of its liabilities at that time;
Net Asset Value of the Partnership means the total assets of the Partnership including all cash and cash equivalents, accrued interest and other assets of the Partnership, less all Partnership liabilities, including, but not limited to, accrued legal, accounting and auditing fees, and any extraordinary expenses, determined on the accrual basis of accounting in accordance with generally accepted accounting principles, consistently applied in the United States, with such adjustments as are necessary or advisable in the sole discretion of the Management Company.