Valuations; Net Income Computation Sample Clauses

Valuations; Net Income Computation. Unless otherwise directed by proper insructions from Trustees or Officers of the Trust, the Custodian shall compute and determine on the days and at the times specified in the Fund's Confidential Offering Memorandum, the net asset value of a Unit of the Fund, such computation and determination to be made in accordance with the Fund's Confidential Offering Memorandum, and shall promptly notify the Administrator of the result of such computation and determination. Unless advised otherwise by proper instructions from the Trustees or Officers of the Trust, Custodian shall also calculate at the times specified in the Fund's Confidential Offering Memorandum the net income of the Fund and shall promptly advise the Administrator of the results of such calculation. Such calculation shall be made in accordance with the Fund's Confidential Offering Memorandum.
Sample 1
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Valuations; Net Income Computation. Unless otherwise directed by proper ---------------------------------- instructions, State Street shall compute and determine, as of 12:00 Noon, Boston time, and as of the close of trading on the New York Stock Exchange in each case on each day such Exchange is open for trading, the net asset value of a Unit of each Portfolio, such computation and determination to be made in accordance with the Fund's then current prospectus by a vice president, assistant vice president or assistant secretary of State Street, and shall promptly notify the Fund of the result of such computation and determination. In computing such net asset value State Street shall rely upon security quotations received by telephone or otherwise through the Fund's investment adviser or in a manner otherwise designated by the Fund by proper instructions and may further rely upon information or directions furnished to it by the Trustees, any officer or the administrator of the Fund relative to: (i) liabilities, expense accruals and reserves of the Fund and (ii) the fair value of any security, right or other property of the Fund. State Street's liability to the Fund for the accuracy of quotations received from any source designated by the Fund will be no greater than the liability which such source, or its provider, has to State Street. Unless advised otherwise by proper instructions, State Street shall also calculate each day the net income of each Portfolio for such day and shall advise the Fund and its transfer agent daily of the results of such calculation. Such calculation shall be made in accordance with the Fund's then current Prospectus.
Sample 1
Valuations; Net Income Computation. Unless otherwise directed by proper instructions from the Trustees or Officers of the Trust, Northern shall compute and determine on the days and at the times specified in the Trust's then current Prospectus, the net asset value of a share of each Portfolio, such computation and determination to be made in accordance with the Trust's then current Prospectus, and shall promptly notify the Administrator of the Trust of the result of such computation and determination. Unless advised otherwise by proper instructions from the Trustees or Officers of the Trust, Northern shall also calculate at the times specified in the Trust's then current Prospectus the net income of each Portfolio and shall promptly advise the Administrator of the Trust of the results of such calculation. Such calculation shall be made in accordance with the Trust's then current Prospectus.
Sample 1

Related to Valuations; Net Income Computation

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Payments and Computations, Etc All amounts to be paid or deposited by Buyer hereunder shall be paid or deposited in accordance with the terms hereof on the day when due in immediately available funds to the account of Originator designated from time to time by Originator or as otherwise directed by Originator. In the event that any payment owed by any Person hereunder becomes due on a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day. If any Person fails to pay any amount hereunder when due, such Person agrees to pay, on demand, the Default Fee in respect thereof until paid in full; provided, however, that such Default Fee shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

  • Computation; 360-Day Year In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Net Income After giving effect to the special allocations set forth in Section 6.1(d), Net Income for each taxable year and all items of income, gain, loss and deduction taken into account in computing Net Income for such taxable year shall be allocated as follows:

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.

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