Base NAV definition

Base NAV has the meaning ascribed to it in Section 1.4(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 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

  • The excess performance on each Valuation Day is defined as any difference between the current Base Net Asset Value (Base NAV) and the current Hurdle Value.

  • The Base NAV is calculated after deduction of the management fees and administration fee but prior to the calculation of any performance fee on the relevant Valuation Day.

  • Payment of a fee is also conditional upon the daily weighted average Net Asset Value (“NAV”) per share throughout such year equalling or exceeding the daily weighted average Base NAV per share throughout the same year.

  • The Base NAV is subject to downward adjustment in the event that the Board, including a majority of the Independent Directors, determines that such an adjustment is necessary to provide an appropriate incentive to the Advisor to perform in a manner that seeks to maximize stockholder value and is in the best interests of the Company’s stockholders.

  • The aim of this literature review is to identify gaps in knowledge and to inform the methodological approach for the thesis.

  • Base NAV = Base Net Asset Value per unit of the relevant Unit Class on the Valuation Day, is calculated after deduction of the management fee but prior to the deduction of any performance fee and any dividends or corporate actions on the relevant Valuation Day.

  • Payment of a fee is also conditional upon the average Net Asset Value (“NAV”) per share for each such year equalling or exceeding the average Base NAV per share for the same year.

  • The Advisor will then divide the resulting amount by the Starting NAV for such class (or, if the Base NAV for such class is used as the Starting NAV pursuant to the preceding sentence, the Base NAV for such class) to calculate the total return per share for such class, expressed as a percentage.

  • Any certified Official with USA Swimming must be a Non-Athlete member of MSI/USA Swimming.

  • For each Calculation Period, the performance fee in respect of each share will be equal to 20% of the appreciation in the NAV of that share during that Calculation Period above the Base NAV per share.


More Definitions of Base NAV

Base NAV has the meaning ascribed to it in Section 2.3(a).
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
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

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 following amounts plus the percentage

  • 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 period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Multiple disabilities means concomitant impairments (such as intellectual disability- blindness, intellectual disability-orthopedic impairment, etc.), the combination of which causes such severe educational needs that they cannot be accommodated in special education programs solely for one of the impairments. The term does not include deaf/blindness.

  • 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 for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

  • 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: *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.

  • 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.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Severance Multiple has the meaning set forth on the first page of the Agreement.

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

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month 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; However, for avoidance of any doubt, it is clarified that the CUF shall be calculated on the Contracted Capacity; In any Contract Year, if ‘X’ MWh of energy has been metered out at the Delivery Point for ‘Y’ MW Project capacity, CUF= (X MWh/(Y MW*8766)) X100%; Declared CUF for this Project shall be % (to be revised as applicable).

  • 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;