Examples of Net Asset Value of the Trust in a sentence

If the size of the disposals are sufficiently large, or the market is illiquid, then there is a risk that either the investments might not be sold or the price at which they are sold may adversely affect the Net Asset Value of the Trust.
Where any asset of the Fund is to be valued or the Net Asset Value of the Trust and the number of Units on Issue is to be determined, the valuation or determination is to be as at a time determined by the Responsible Entity.
Where any asset of the Fund is to be valued or the Net Asset Value of the Trust and the number of Units on Issue is to be determined, the valuation or determination is to be as at a time determined by the Trustee.
Where a valuation is to be performed of any Asset or the determination of the Net Asset Value of the Trust and the number of Units on Issue is to be made it is to be performed or determined as at a time determined by the Trustee.
These and other actions could also adversely affect the ability to price investments in the Trust which could affect the Net Asset Value of the Trust in a material way.

More Definitions of Net Asset Value of the Trust

Net Asset Value of the Trust shall have the meaning set forth in and shall be calculated in accordance with the Trust Agreement;

Net Asset Value of the Trust. The Trustee shall divide the Net Asset Value of the Trust by the number of Shares outstanding as of the time of the calculation, which figure is the “Net Asset Value per Share.” All fees, expenses and other liabilities of the Trust that are or will be incurred or accrued through the close of business on a Business Day shall be included in the calculations required by this Section 4.1(b) for that Business Day. Shares deliverable under a Purchase Order shall be considered to be outstanding for purposes of the calculations required by this Section 4.1(b) beginning on the first Business Day immediately following the Order Date of such Purchase Order. Shares deliverable under a Redemption Order shall not be considered to be outstanding for purposes of the calculations required by this Section 4.1(b) on and after the first Business Day immediately following the Order Date of such Redemption Order.

Net Asset Value of the Trust means the net asset value of all of the Trust Units calculated in accordance with Item

Net Asset Value of the Trust means the net asset value of the Trust, as determined in accordance with Section 4.1(b).

Net Asset Value of the Trust as at the Valuation Time on each Valuation Date shall be the amount obtained by deducting from the aggregate fair market value of the assets of the Trust as of such Valuation Date an amount equal to the fair value of the liabilities of the Trust (excluding all liabilities represented by outstanding Units, if any) as of such Valuation Date. The “Net Asset Value per Unit” shall be determined by dividing the Net Asset Value of the Trust on a Valuation Date by the total number of Units then outstanding on such Valuation Date. The Net Asset Value of the Trust as at the Valuation Time on a Valuation Date shall be determined in accordance with the following: (a) The assets of the Trust shall be deemed to include the following property: (i) all Silver Bullion owned by or contracted for the Trust; (ii) all cash on hand or on deposit, including any interest accrued thereon adjusted for accruals deriving from trades executed but not yet settled; (iii) all bills, notes and accounts receivable; (iv) all interest accrued on any interest-bearing securities owned by the Trust other than interest, the payment of which is in default; and (v) prepaid expenses. (b) The market value of the assets of the Trust shall be determined as follows: (i) the value of Silver Bullion shall be its market value based on the price provided by a widely recognized pricing service as directed by the Manager and, if such service is not available, such Silver Bullion shall be valued at a price provided by another pricing service as determined by the Manager in consultation with the Valuation Agent;

Net Asset Value of the Trust is the amount determined from time to time in accordance with Section 3.5 hereof; (tt) “Net Asset Value per Unit” is the amount determined from time to time in accordance with Section 3.5 hereof; (uu) “Net Change in Non-Portfolio Assets” on a Valuation Date means: (i) the aggregate of all income accrued by the Trust as of that Valuation Date, including cash dividends and distributions, interest and compensation since the last calculation of Class Net Asset Value or Class Net Asset Value per Unit, as the case may be; minus (ii) the Common Expenses to be accrued by the Trust as of that Valuation Date which have been accrued since the last calculation of Class Net Asset Value or Class Net Asset Value per Unit, as the case may be; plus or minus (iii) any change in the value of any non-portfolio assets or liabilities stated in any foreign currency accrued on that Valuation Date since the last calculation of Class Net Asset Value or Class Net Asset Value per Unit, as the case may be, including, without limitation, cash, accrued dividends or interest and any receivables or payables; plus or minus (iv) any other item accrued on that Valuation Date determined by the Manager to be relevant in determining the Net Change in Non-Portfolio Assets; (vv) “Net Income” has the meaning ascribed thereto in subsection 4.2(a) hereof; (ww) “Net Realized Capital Gains” has the meaning ascribed thereto in subsection 4.2(b) hereof;

Net Asset Value of the Trust definition

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