Net Capital Depreciation with respect to any Accounting Period, shall mean the excess, if any, of the Beginning Value over the Ending Value.
Net Capital Depreciation with respect to any Series means the excess of the Net Assets of such Series on the first day of a Fiscal Period over the Net Assets of such Series on the last day of the same Fiscal Period, after subtracting any capital contributions by Members during the Fiscal Period with respect to such Series and adding any distributions to or withdrawals by Members during the Fiscal Period with respect to such Series.
Net Capital Depreciation refers to the decrease in the value of the Company's Net Assets, including realized and unrealized losses, from the beginning of each accounting period to the end of such accounting period (net of all Company expenses, including accrued management fees and administration fees, but before giving effect to capital contributions, distributions and withdrawals).
Examples of Net Capital Depreciation in a sentence
Net Capital Appreciation and Net Capital Depreciation of the Company during the Fiscal Periods which include the period of liquidation shall be allocated pursuant to Article III.
At the end of each Fiscal Period, each Capital Account of each Member (including the Manager) for such Fiscal Period shall be adjusted by crediting (in the case of Net Capital Appreciation) or debiting (in the case of Net Capital Depreciation) the Net Capital Appreciation or Net Capital Depreciation, as the case may be, to each Capital Account of each Member (including the Manager) in proportion to their respective Ownership Percentages for such Fiscal Period.
Net Capital Appreciation and Net Capital Depreciation for any Allocation Period during the period of liquidation will be allocated in accordance with Article V of this Agreement.
Any such withholding or other taxes related to specific Members shall be treated as a distribution to such Members and shall not be included as an expense of the Company for purposes of calculating Net Capital Appreciation or Net Capital Depreciation.
The Class 0 Units, Class 2 Units and the Management Units each participate in the assets and liabilities of its respective portfolio of the Company (including Net Capital Appreciation and Net Capital Depreciation) pro-rata in proportion to their respective Net Asset Values.
More Definitions of Net Capital Depreciation
Net Capital Depreciation means, with respect to any Accounting Period, the excess, if any, of the Beginning Value over the Ending Value. With respect to any Incentive Period, the term “Net Capital Depreciation” shall mean the aggregate Net Capital Depreciation for such period less the aggregate Net Capital Appreciation for such period, but in no event shall it be less than zero.
Net Capital Depreciation means the aggregate Net Capital Depreciation for such period less the aggregate Net Capital Appreciation for such period, but in no event shall it be less than zero.
Net Capital Depreciation means, with regard to any Accounting Period, the difference between the Net Asset Value of the Partnership at the beginning of the Accounting Period (after giving effect to withdrawals for the preceding Accounting Period and capital contributions for the current Accounting Period) and the Net Asset Value of the Partnership at the close of the same Accounting Period (before giving effect to withdrawals for such Accounting Period). Any increase in the Net Asset Value shall be deemed Net Capital Appreciation and any decrease in Net Asset Value shall be deemed Net Capital Depreciation.
Net Capital Depreciation means, with respect to any Fiscal Period, the difference, if any, between (x) the sum of (i) the value of the Fund’s net asset value at the beginning of that Fiscal Period (prior to the Management Fee for such Fiscal Period) increased by the dollar amount of shares of the Fund repurchased during the Fiscal Period (excluding shares to be repurchased as of the last day of the Fiscal Period after determination of the Incentive Fee) and (ii) the amount of any dividends, distributions or withdrawals during that Fiscal Period (excluding any dividends and other distributions to be paid as of the last day of the Fiscal Period) and (y) the sum of (i) the value of the Fund’s net asset value at the end of that Fiscal Period (prior to the Incentive Fee for such Fiscal Period), (ii) the Management Fee expense and sales load (or other similar sales load) for that Fiscal Period, and (iii) the amount of any subscriptions to the Fund during that Fiscal Period. All calculations of Net Capital Depreciation will be made (without duplication) after deduction of all general, administrative and other operating expenses of the Fund (excluding the Incentive Fee) and any amounts necessary, in the Investment Manager’s sole discretion, as appropriate reserves for such expenses.
Net Capital Depreciation means the excess, if any, of the Net Asset Value of the applicable portion of the Fund at the beginning of a Valuation Period over the Net Asset Value of that portion of the Fund at the end of such Valuation Period. For purposes of calculating Net Capital Appreciation and Net Capital Depreciation, all realized and unrealized gains and losses during a Valuation Period, as well as income received during a Valuation Period, shall be taken into account. In addition, any funds added from time to time to that portion of the Fund managed by Subadviser during a Valuation Period shall be deducted from the Net Asset Value of that portion of the Fund, and any funds transferred from that portion of the Fund during a Valuation Period shall be added back to the Net Asset Value of that portion of the Fund, in computing Net Asset Value at the end of such Valuation Period. If this Agreement is terminated by either party prior to the end of any Valuation Period, the Subadviser shall be entitled to an Incentive Fee for the period commencing with the first day of the Valuation Period and ending on the effective date of such termination. In no event shall the Subadviser be required to refund any portion of the Incentive Fee for a prior Valuation Period.
Net Capital Depreciation means any decrease in the value of the Fund's Net Assets, including unrealized losses, from the beginning of each Allocation Period to the end of such Allocation Period (before giving effect to repurchases of Interests, Management Fees and Manager Administrative Services Fees, but after giving effect to expenses other than Management Fees and Manager Administrative Services Fees), and with respect to any calendar year or other period used to determine the Incentive Allocation, refers to any aggregate Net Capital Depreciation for such period in excess of the aggregate Net Capital Appreciation for such period.
Net Capital Depreciation means the decrease in the value of the Fund's net assets, including unrealized losses, from the beginning of each Accounting Period to the end of the Accounting Period.