Benchmark NAV definition

Benchmark NAV means the aggregate net asset value of the Fund determined on the NAV Determination Date.
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Benchmark NAV means (a) the highest net asset value (after deducting any performance fee) as at the last valuation day in any preceding financial year or (b) initial issue price, whichever is higher.
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Benchmark NAV means the aggregate net asset value of the Partnership determined on the NAV Determination Date (but excluding, for the avoidance of doubt, the value attributable to the partnership interests held by the General Partner).
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Examples of Benchmark NAV in a sentence

  • Example of performance fee calculation:Preamble: Benchmark NAV for calculating the performance feeExample valid for each NAV calculated each day during the benchmark period, as shown below.

  • It is based on the outperformance of NAV per share (before deducting the performance fee) over the Benchmark NAV per share.

  • Except for the indicated changes to each Fund’s Underlying Benchmark, NAV Calculation Time and Creation and Redemption Order Cut-Off Times noted herein, all other facts presented and representations made in the Prior NYSE Arca Notice and the Prior Amex Releases are unchanged.

  • The Proposals are expected to result in a loss of approximately RM2 million to the LFIB Group subject to fluctuations in foreign exchange and adjustments to the Benchmark NAV with the Actual NAV (hereinafter defined in section 2.1.4).

  • The performance fee is 10% of the outperformance of the NAV per share over the Benchmark NAV per share, provided that the NAV per ordinary share has increased since the end of the last period in respect a performance fee was payable, i.e. the High Water Mark of 559.24p per share (2015: 559.24p).

  • KEY CONTRACTS (CONTINUED)a) Investment Manager (continued)Performance fee (continued)The introduction of an outperformance fee, under the terms of the amended Investment Management Agreement, states that KKV will be entitled to 10% of all funds returned to Shareholders in excess of the Benchmark NAV within 12 months from 17 September 2020, reducing to 5% within 12-24 months.

  • If 99% of the Benchmark NAV is returned to Shareholders by way of dividend, share buy backs or other methods of return of capital within 12 months from 17 September 2020 then a performance fee of 0.6% of the value returned to Shareholders would be payable to KKV.

  • This will be reduced by 0.1% for every 1% less than 99% of Benchmark NAV that is returned to Shareholders.

  • The performance fee is 10% of the outperformance of the NAV per share over the Benchmark NAV per share, provided that the NAV per ordinary share has increased since the end of the last periodin respect a performance fee was payable, i.e. the High Water Mark of 559.24p per share (2013: 559.24p).

  • In the event the Completion NAV is less than the Benchmark NAV, LRI shall pay such shortfall amounts to the Purchaser.


More Definitions of Benchmark NAV

Benchmark NAV means the deficit (or negative) amount of HK$20,000,000 “Board” the board of Directors “Business Day(s)” a day on which banks in Hong Kong are open for normal banking business (excluding Saturdays, Sundays and any day on which a tropical cyclone warning no. 8 or above or a “black” rainstorm warning is hoisted in Hong Kong at any time between 9:00 a.m. and 5:00 p.m.)
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Related to Benchmark NAV

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Benchmark Replacement means, with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • 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: