Base Net Asset Value shall have the meaning set forth in Section 3.6.
Base Net Asset Value means $66,773,000.
Base Net Asset Value has the meaning set forth in Section 2.6(b)(i)(B).
Examples of Base Net Asset Value in a sentence
The Portfolio Manager shall be entitled to a Performance Fee if the Sub-Fund produces an excess performance, defined as any positive difference between the performance of the current Gross Net Asset Value (GNAV) per unit and the Base Net Asset Value per unit for the same calculation period.
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.
Class R, I1 and I3: The Portfolio Manager shall be entitled to a Performance Fee if the Sub-Fund produces an excess performance, defined as any positive difference between the performance of the current Gross Net Asset Value (GNAV) per unit and the Base Net Asset Value per unit for the same calculation period.
Class R and I1: The Portfolio Manager shall be entitled to a Performance Fee if the Sub-Fund produces an excess performance, defined as any positive difference between the performance of the current Gross Net Asset Value (GNAV) per unit and the Base Net Asset Value per unit for the same calculation period.
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.
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 3.6.1. ARTICLE 1.13 "Books and Records" shall mean the books and records (including data and information in electronic media) of (i) Sellers to the extent related primarily to the Cyanamid Storz Business and the Wyeth Storz Business, (ii) the International Affiliates to the extent related primarily to the International Business, and (iii) the Companies, including the minute books, stock books and other corporate records having to do with corporate organization and capitalization of the Companies and all books of account and income tax records of the Companies. ARTICLE 1.14 "Bundled Contracts" shall mean those contracts or other similar agreements set forth in Section 1.15 of the Disclosure Schedule pursuant to which Sellers are, immediately prior to the Closing Date, selling products included in the Cyanamid Storz Assets and the Wyeth Storz Assets along with other products of Sellers to third party buyers. ARTICLE 1.15 "Business" shall refer to the business of the Companies together with the Cyanamid Storz Business, the Wyeth Storz Business and the International Business, excluding the Excluded Assets and the Excluded Liabilities. ARTICLE 1.16 "Business Field" shall mean all products manufactured, sold or distributed as part of the Business, including ophthalmic products, surgical equipment, implants, pharmaceuticals and hand-held surgical instruments, but excluding the Excluded Assets and the Excluded Liabilities. ARTICLE 1.17 "Chiron Purchase Agreement" shall mean the agreement entered into between Buyer and Chiron Corporation under which all the issued and outstanding capital stock of CVC shall be transferred to Buyer. ARTICLE 1.18 "Chiron Transaction" shall mean the sale of all the issued and outstanding capital stock of CVC to Buyer and the transactions related thereto pursuant to the terms of the Chiron Purchase Agreement. ARTICLE 1.19 "Chirurgie Employees" shall mean (i) all individuals who, on the Closing Date, are actively employed by Chirurgie; and (ii) all individuals who are on short-term disability leave, authorized leave of absence granted prior to the Closing Date in accordance with the terms of Chirurgie's leave policy as in effect on the date of this Agreement or military service or layoff with recall rights from Chirurgie as of the Closing Date. ARTICLE 1.20 "Chirurgie Shares" shall mean all the issued and outstanding shares of capital stock of Chirurgie.
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 $802 million.
Base Net Asset Value means the higher of (i) $256,530,000 or (ii) an amount equal to the Final Average Net Asset Value minus $13 million. If the Base Net Asset Value exceeds Final Net Asset Value, Sellers shall pay to the Surviving Corporation, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. If Final Net Asset Value exceeds the Base Net Asset Value, Buyer shall cause the Surviving Corporation to pay to Sellers, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. Any such payment pursuant to this Section 3.7(a) shall be made at a mutually convenient time and place (i) within 30 days after Sellers' delivery of the documents referred to in Section 3.6(a) if no notice of disagreement is duly delivered pursuant to Section 3.6(b), or (ii) if a notice of disagreement is duly delivered pursuant to Section 3.6(b), then within 10 days after the earlier of (A) agreement between the parties pursuant to Section 3.6(c) or (B) delivery of the calculation of Final Net Asset Value and Final Average Net Asset Value referred to in Section 3.6(c)."
Base Net Asset Value means the the higher of (i) $256,530,000 or (ii) an amount equal to the Final Average Net Asset Value minus $13 million. If the Base Net Asset Value exceeds Final Net Asset Value, Sellers shall pay to Buyer, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. If Final Net Asset Value exceeds the Base Net Asset Value, Buyer shall pay to Sellers, in the manner and with interest as provided in Section 3.7(b), the amount of such excess. Any such payment pursuant to this Section 3.7(a) shall be made at a mutually convenient time and place (i) within 30 days after Sellers' delivery of the documents referred to in Section 3.6(a) if no notice of disagreement is duly delivered pursuant to Section 3.6(b), or (ii) if a notice of disagreement is duly delivered pursuant to Section 3.6(b), then within 10 days after the earlier of (A) agreement between the parties pursuant to Section 3.6(c) or (B) delivery of the calculation of Final Net Asset Value and Final Average Net Asset Value referred to in Section 3.6(c).