Adjusted NAV means the Net Asset Value per Share of the Class I and Class R Distributing Class after the deduction of the Management Fee and all other payments and expenses but before the deduction of any accrued Performance Fee at the end of a Performance Period adjusted by the aggregate amount of all distributions per Share declared in respect of the Distributing Class since the initial issue of Shares in the Class.
Adjusted NAV means NAV adjusted for the effects of the applicable Qualified Offering, determined by the following formula: the quotient of (i) the sum of (A) NAV, multiplied by the number of shares of outstanding Common Stock assuming full conversion of Series D Preferred Stock, plus (B) the net offering proceeds from the Qualified Offering, divided by (ii) the number of shares of Common Stock outstanding after the Qualified Offering.
Adjusted NAV means, at the relevant date:
Examples of Adjusted NAV in a sentence
The Operating Partnership will pay the Advisor a monthly management fee (the “Management Fee”) equal to 0.0625% of GAV (subject to a cap of 0.125% of Adjusted NAV), before giving effect to any accruals (related to the month for which the Management Fee is being calculated) for the Management Fee, the Distribution Fee, the Performance Allocation (as defined in the Operating Partnership Agreement) or any distributions.
More Definitions of Adjusted NAV
Adjusted NAV means the net asset value of Plaza Ventures based on the unaudited management accounts of Plaza Ventures for the period from 1 January 2016 to 30 November 2016 (“Management Accounts”), as at 30 November 2016 (“Management Accounts Date”) as adjusted and prepared on the following assumptions and bases:
Adjusted NAV shall have the meaning set forth in Section 2.2.
Adjusted NAV means the NAV, plus the value attributable to any series of Preferred Units that mirror a series of preferred stock of the Company that is convertible into common equity.
Adjusted NAV means the value of the Qualifying Assets comprised in the Assets less liabilities which is that proportion equal to the percentage of the Assets represented by Qualifying Assets.
Adjusted NAV means, in respect of a Fund and any day, the net asset value per unit or share of such Fund determined by the Calculation Agent in good faith and in a commercially reasonable manner, taking into account any Crystallisation Event and/or such other factors as the Calculation Agent considers to be appropriate, including, but not limited to:
Adjusted NAV shall have the meaning set forth in Section 2.1.
Adjusted NAV means the Net Asset Value of each Series of Shares after such Net Asset Value is adjusted for (i) any redemption of Shares in the Series and (ii) any accruals of the Performance Fee during the relevant year.