Base NAV definition

Base NAV has the meaning ascribed to it in Section 1.4(a).
Sample 1
Base NAV. Means the Net Asset Value of the Partnership at such time, as estimated by the General Partner in good faith in accordance with the Partnership Agreement.
Sample 1
Base NAV means an amount equal to the total assets of the Company less the total liabilities of the Company all as shown in the balance sheet as of May 31, 2007 included in the Interim Financial Statements but (i) disregarding all cash shown as an asset of the Company and (ii) adding back as an asset an amount equal to all interest-bearing indebtedness of the Company shown therein as a liability.
Sample 1

Examples of Base NAV in a sentence

  • If the Estimated Closing NAV as set forth on the Estimated Closing Statement is less than the Base NAV, then the Purchase Price payable at the Closing shall be decreased by an amount equal to 51% of such deficiency.

  • If the Estimated Closing NAV as set forth on the Estimated Closing Statement is less than the Base NAV, then the Company shall make the NAV Payment to Buyer at Closing.

  • The Purchase Price -------------------------------------------- shall be increased or decreased, on a dollar-for-dollar basis, by 51% of the amount by which the Net Asset Value of the Company as of the Closing Date (the "Closing NAV"), as finally determined pursuant to Section 1.4(d) below, is ------------ greater or less than twenty nine million two hundred seventy thousand dollars ($29,270,000) (the "Base NAV").

  • If the Closing NAV is greater than the Base NAV, then Buyer --------------- shall pay to Seller 51% of the amount of such excess.

  • If the Estimated Closing NAV as set forth on the Estimated Closing Statement is in excess of the Base NAV, the Company shall make the NAV Payment to Jefferson at Closing.

  • If the Estimated Closing NAV is in excess of the Base NAV, then the Cash Purchase Price payable at the Closing shall be increased by an amount equal to such excess.

  • If the ----------------------- Estimated Closing NAV as set forth on the Estimated Closing Statement is in excess of the Base NAV, the Company shall make the NAV Payment to Jefferson at Closing.

  • If the Closing NAV is less than the Base NAV, then Seller shall pay to Buyer 51% of the amount of such deficiency.

  • If the Closing NAV is less than the Base NAV, then Seller shall pay to Buyer the amount of such deficiency in accordance with Sections 2.3(b) and (e) below.

  • To the extent that any amount of interest bearing indebtedness has been added back as an asset in computing the Base NAV it shall not be deducted as a liability in computing NAV.


More Definitions of Base NAV

Base NAV has the meaning ascribed to it in Section 2.3(a).
Sample 1
Base NAV means, for the New Income Equity Fund, $14.920 per share, and for the New Long/Short Fund, $11.770 per share.
Sample 1
Base NAV an amount equal to the amount of the aggregate of the fixed and current assets of the Company less the aggregate of the liabilities of the Company all as shown in the Interim Accounts but (i) disregarding all cash shown as an asset of the Company in the Interim Accounts (ii) adding back as an asset an amount equal to all interest bearing indebtedness of the Company shown therein as a liability; “business day” any day other than a Saturday, Sunday or public holiday in England and Wales; “Business Information” Confidential Information relating to or used in the activities of the Company;
Sample 1

Related to Base NAV

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Current Unit Rates are Forest Service estimates of the unit rates for doing the work at the time the adjustment is approved.

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Expansion Factor has the meaning ascribed thereto in Section 2.3(a);

  • Lowest Achievable Emission Rate (LAER means, for any source, the more stringent rate of emissions based on the following:

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Base flood means the flood having a one percent chance of being equaled or exceeded in any given year.

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Original Benchmark Rate on any day means the 3-months Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on, the Screen Page as of 11:00 a.m. (Brussels time) on such day.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Capacity Utilization Factor or “CUF” Shall have the same meaning as provided in CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 as amended from time to time. Here, the CUF is expressed in AC terms.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;