Series Net Asset Value per Unit definition

Series Net Asset Value per Unit means in respect of any particular series of Units of a Fund, the portion of the Net Asset Value of the Fund attributed to each Unit of such series determined in accordance with Section 3.4.

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series;

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

Examples of Series Net Asset Value per Unit in a sentence

• Units will be offered at the Series Net Asset Value per Unit calculated as of the applicable Valuation Date.

• The proceeds per Unit payable on redemption determined on the applicable Valuation Day will equal the Series Net Asset Value per Unit on the Valuation Day as determined above.

• Thereafter, the subscription price per Unit of Units of a Fund purchased pursuant to a subscription will be the Series Net Asset Value per Unit of that series of Unit of that Fund determined on the Valuation Day on which the subscription is accepted, provided it is accepted before the Close of Business on such Valuation Day, or the Valuation Day next following the acceptance of the subscription.

• The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws.

• The Manager shall within three Business Days following the determination of the Series Net Asset Value per Unit for the applicable Redemption Date, distribute an amount equal to the Series Net Asset Value per Unit determined as of the relevant Redemption Date.

More Definitions of Series Net Asset Value per Unit

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series; “SPACs” means publicly-listed North American Special Purpose Acquisition Corporations;

Series Net Asset Value per Unit means, in respect of any particular Series of a Pool, the Series Net Asset Value in effect at that time divided by the number of Units of that Series outstanding at such time;

Series Net Asset Value per Unit of the Units of a Series of Units, as of any date, shall equal the applicable Series Net Asset Value divided by the total number of Units of such Series then outstanding on such date, prior to any issuance or redemption of Units of such Series to be processed immediately following such calculation.

Series Net Asset Value per Unit means, in respect of a Series of a Fund, the Series Net Asset Value per Unit of such Series of the Fund determined in accordance with Section 4.4.4;

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series. “Subscriber” means a person subscribing for Units of the Fund under a Subscription Agreement.

Series Net Asset Value per Unit means the Net Asset Value attributable to each Unit of the applicable Series determined from time to time in accordance with the terms hereof.

Series Net Asset Value per Unit means, in respect of the Units of any particular (qq) “Series” means, on any particular Business Day, the portion of the Net Asset Value