Base Net Asset Value definition

Base Net Asset Value shall have the meaning set forth in Section 3.6.

Base Net Asset Value has the meaning set forth in Section 2.6(b)(i)(B).

Base Net Asset Value means $66,773,000.

Examples of Base Net Asset Value in a sentence

• If the Final Net Asset Value exceeds Base Net Asset Value, Buyer shall pay to Sellers, as an adjustment to the Purchase Price, in the manner and with interest as provided in Section 3.6(b), the amount of such excess.

• The Base Net Asset Value has been, and the Preliminary Statement shall be, prepared in a manner consistent with GAAP and in a manner consistent with Seller's Financial Statements, including, but not limited to, the application of Seller's historical methodology for establishing reserves for Accounts Receivable, Casino Liabilities, and any other accounts subject to estimate or judgment, in each case, to the extent in accordance with GAAP.

• ARTICLE 3.6.1 If the amount of $73,192,000 ("Base Net Asset Value") exceeds the Final Net Asset Value, Sellers shall pay to Buyer, as an adjustment to the Purchase Price, in the manner and with interest as provided in Section 3.6.2, the amount of such excess.

• On the terms and subject to the conditions set forth herein, in consideration of the sale of the Transferred Shares, at [*], Buyer shall pay to Seller an amount in cash equal to the U.S. Dollar equivalent to the Base Net Asset Value, calculated using the Closing Date Exchange Rate (the “Purchase Price”), subject to adjustment in accordance with Section 2.7.

• In the event the Closing Net Asset Value exceeds the Base Net Asset Value, the Cash Portion to be paid to Stockholders at the Closing shall be increased dollar for dollar by the amount by which the Closing Net Asset Value exceeds the Base Net Asset Value.

More Definitions of Base Net Asset Value

Base Net Asset Value or “BNAV” means, in respect of the first Calculation Period, the issue price of the Class PF Participating Shares and for subsequent Calculation Periods the Net Asset Value of the Class PF Participating Shares achieved as of the end of the previous Calculation Period, adjusted in both instances with the Benchmark;

Base Net Asset Value shall have the meaning set forth in Section 3.6(a).

Base Net Asset Value means in respect of the initial Performance Period for a Share Class the Initial Offer Price of the relevant Share Class multiplied by the number of Shares of such Share Class issued during the Initial Offer Period, increased or decreased on each Dealing Day by the value of any subscriptions or redemptions of Shares which have taken place since the Initial Offer Period. For each subsequent Performance Period for a Share Class the “Base Net Asset Value” means either (i) where a Performance Fee was payable in respect of the prior Performance Period, the Net Asset Value per Share of the relevant Share Class at the beginning of the Performance Period multiplied by the number of Shares of such Share Class in issue at the beginning of such Performance Period, increased or decreased on each Dealing Day by the value of any subscriptions or redemptions of Shares which have taken place since the beginning of such Performance Period; or (ii) where no Performance Fee was payable in respect of the prior Performance Period, the Base Net Asset Value of the relevant Share Class at the end of the prior Performance Period, increased or decreased on each Dealing Day by the value of any subscriptions or redemptions of Shares which have taken place since the beginning of such Performance Period. Accordingly, no Performance Fee will be payable in respect of a Share Class unless it has exceeded the highest Net Asset Value per Share at which a Performance Fee was last paid adjusted for subscriptions and redemptions during the period, or the issue price of that Share Class adjusted for subscriptions and redemptions during the period, whichever is higher.

Base Net Asset Value means [*], which represents (a) the total assets shown on the Pro Forma Balance Sheet, minus (b) the total liabilities shown on the Pro Forma Balance Sheet.

Base Net Asset Value means $18,601,767 as calculated on the basis of the Current Assets and the Current Liabilities as of December 31, 2006, as set forth on Schedule 1.1(a).

Base Net Asset Value means $18,000,000.

Base Net Asset Value means $802 million.