Computation of Net Asset Value. The net asset value per share of the Acquiring Fund Merger Shares and the net value of the assets of the Acquired Fund subject to this Agreement shall, in each case, be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The net asset value of the Acquiring Fund Merger Shares shall be determined pursuant to the regular procedures of the investment adviser on behalf of the Funds. In determining the value of the securities transferred by the Acquired Fund to the Acquiring Fund, the value of such assets shall be determined pursuant to the regular procedures of the investment adviser on behalf of the Funds.
Computation of Net Asset Value. The net asset value per share of the Acquired Fund Common Stock and the Acquiring Fund Common Stock shall be determined as of the Valuation Time, and no formula will be used to adjust the net asset value per share so determined of either of the parties' common stock to take into account differences in realized and unrealized gains and losses. The value of the assets of the Acquired Fund to be transferred to the Acquiring Fund shall be determined by the Acquiring Fund pursuant to the principles and procedures consistently utilized by the Acquiring Fund in valuing its own assets and determining its own liabilities for purposes of the Merger, which principles and procedures are substantially similar to those employed by the Acquired Fund when valuing its own assets and determining its own liabilities. Such valuation and determination shall be made by the Acquiring Fund in cooperation with the Acquired Fund and shall be confirmed in writing by the Acquiring Fund to the Acquired Fund. The net asset value per share of Acquiring Fund Common Stock shall be determined in accordance with such procedures, and the Acquiring Fund shall certify the computations involved.
Computation of Net Asset Value. 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, in its discretion, may appoint a service provider, including RBC IST or an affiliate of the Manager, to provide the foregoing valuation services for the Manager on behalf of the Funds.
(a) The Series Net Asset Value of each Fund and the Series Net Asset Value per Unit of each Fund shall be computed or caused to be computed by the Manager or by the Manager’s duly appointed agent. The Manager may appoint or employ agents for the purposes of discharging any of its duties under this Section 3.4.
(b) The Net Asset Value of a Fund as at any particular time on a Valuation Day shall be the then fair market value of the assets of that Fund at the time the calculation is made less the amount of its liabilities at that time.
(c) The Series Net Asset Value for a series of Units of a Fund as at any particular time on a Valuation Day is determined in accordance with the following calculation:
(i) the Series Net Asset Value last calculated for that series; plus
(ii) the increase in the assets attributable to that series as a result of the issue of Units of that series or the redesignation of Units as that series since the last calculation; minus
(iii) the decrease in the assets attributable to that series as a result of the redemption of Units of that series or the redesignation of Units out of that series since the last calculation; plus or minus
(iv) the share of the Net Change in Non Portfolio Assets on the Valuation Day attributable to that series since the last calculation; plus or minus
(v) the share of market appreciation or depreciation of the portfolio assets since the last calculation attributable to that series; minus
(vi) the share of Common Expenses allocated to that series since the last calculation; minus
(vii) any Series Expenses attributable to that series since the last calculation. In addition, in calculating the Series Net Asset Value the following principles shall apply:
(i) a Unit of a series of a Fund being issued or a Unit that has been redesignated as a series shall be deemed to b...
Computation of Net Asset Value. The net asset value per share of each class of Buying Fund Shares, and the value of the assets and the amount of the Liabilities of Selling Fund, shall, in each case, be determined as of the close of regular trading on the NYSE on the business day next preceding the Closing Date (the "Valuation Date").
Computation of Net Asset Value. The net asset value per share of the Acquiring Fund Shares and the net value of the assets of the Acquired Fund subject to this Agreement shall, in each case, be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The net asset value of the Acquiring Fund Shares shall be computed in the manner set forth in the Acquiring Fund Municipals Trust N-1A. In determining the value of the securities transferred by the Acquired Funds to the Acquiring Fund, such assets shall be priced in accordance with the policies and procedures described in the Acquiring Fund Municipals Trust N-1A.
Computation of Net Asset Value. (a) The net asset value per share of each class of Buying Fund Shares, and the value of the assets and the amount of the Liabilities of Selling Fund, shall, in each case, be determined as of the close of regular trading on the NYSE on the business day next preceding the Closing Date (the "Valuation Date").
(b) The net asset value per share of each class of Buying Fund Shares shall be computed in accordance with the policies and procedures of Buying Fund as described in the Buyer Registration Statement.
(c) The value of the assets and the amount of the Liabilities of Selling Fund to be transferred to Buying Fund pursuant to this Agreement shall be computed in accordance with the policies and procedures of Selling Fund as described in the Seller Registration Statement.
(d) Subject to Sections 2.2(b) and (c) above, all computations of value regarding the assets and Liabilities of Selling Fund and the net asset value per share of each class of Buying Fund Shares to be issued pursuant to this Agreement shall be made by agreement of Seller and Buyer. The parties agree to use commercially reasonable efforts to resolve any material pricing differences between the prices of portfolio securities determined in accordance with their respective pricing policies and procedures.
Computation of Net Asset Value. The net asset value per share of the AC Fund Shares and the net value of the assets of EV Fund subject to this Agreement shall, in each case, be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The net asset value of the AC Fund Shares shall be computed in the manner set forth in the Growth Trust Form N-1A. In determining the value of the assets transferred by EV Fund to AC Fund, such assets shall be priced in accordance with the policies and procedures described in the Growth Trust N-1A. All such computations shall be subject to review, in the discretion of Growth Trust's Treasurer, by Deloitte & Touche LLP, Growth Trust's auditors.
Computation of Net Asset Value. (A) To the aggregate value of investments determined in the manner required by Section 9.01, there shall be added (1) any cash or cash equivalents, adjusted as required by Section 9.01(A)(5) and (2) any other amounts properly allocable to the Investment Fund. From the total so obtained there shall be deducted all charges, reserves and liabilities due, accrued or anticipated, as described in Section 9.04, which are properly chargeable to the Investment Fund. The net amount remaining shall be deemed to be the Net Asset Value of the Investment Fund as of the date of valuation.
(B) Computation of the Net Asset Value of any Investment Fund may be delegated by the Trustees to the Investment Advisor, the Administrator, the Custodian or such other person as the Trustees may designate by resolution or agreement.
Computation of Net Asset Value. (a) The net asset value of the Portfolio Shares and the net value of the assets of Xxxxx Capital Development subject to this Agreement shall, in each case, be determined as of the close of business on the NYSE on the Valuation Date.
(b) The net asset value of the Portfolio Shares shall be computed in the manner set forth in accordance with the policies and procedures of the Portfolio as described in the AEF Registration Statement.
(c) The net value of the assets of Xxxxx Capital Development subject to this Agreement shall be computed by AIM Equity and shall be subject to adjustment by the amount, if any, agreed to by Xxxxx Capital Development and AIM Equity. In determining the value of the securities transferred by Xxxxx Capital Development to the Portfolio, each security shall be priced in accordance with the policies and procedures of the Portfolio as described in the AEF Registration Statement. For such purposes, market quotes and the security characteristics relating to establishing such quotes shall be determined by AIM Equity, with the approval of Xxxxx Capital Development. Securities for which market quotes are not available shall be valued as mutually agreed by AIM Equity and Xxxxx Capital Development, provided that such value is consistent with the pricing procedures adopted by AIM Equity. All computations shall be made by AIM Equity in cooperation with the auditors of AIM Equity and the auditors of Xxxxx Capital Development, who will apply certain procedures agreed to by AIM Equity and Xxxxx Capital Development to test such computations.
Computation of Net Asset Value. The net asset value per share of the National Limited Fund Shares and the net value of the assets of New Jersey Limited Fund subject to this Agreement shall, in each case, be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The net asset value of the National Limited Fund Shares shall be computed in the manner set forth in the National Limited Fund Investment Trust Form N-1A. In determining the value of the securities transferred by New Jersey Limited Fund to National Limited Fund, such assets shall be priced in accordance with the policies and procedures described in the National Limited Fund Investment Trust N-1A.
