Benchmark Value definition

Benchmark Value of the relevant Class means the hypothetical Net Asset Value starting from the initial Net Asset Value of the relevant Class at inception and assuming a performance based on the Hurdle Rate of the relevant Class.

Benchmark Value means the spot rate announced by Xxxxxxx Matthey Base Price at 9:30 a.m. (London time) as at a certain date.

Benchmark Value means the Performance Fee High Watermark adjusted by any return

Examples of Benchmark Value in a sentence

• If the Net Asset Value of the relevant Class is lower than the Benchmark Value or the High Water Mark, the provision made is returned to the relevant Class.

• After effecting a partial withdrawal, the remaining Cash Surrender Value must exceed the Benchmark Value and the remaining Net Cash Surrender Value must be greater than zero.

• The Performance Fee becomes due in the event of outperformance, that is, if the increase of the Net Asset Value of the relevant Class during the relevant Class Incentive Period exceeds the increase in the relevant Benchmark Value over the same period, in accordance with the high water mark principle.

• If the Net Asset Value of the relevant Class is lower than the Benchmark Value, the provision made is returned to the relevant Class.

• The accounting provision may never be negative.For the Sub-Fund Lyxor Investment Funds - EuroGovies Risk Balanced, the Performance Fee of the relevant Class is accrued on each Valuation Day, on the basis of the difference between the Net Asset Value of the relevant Class (before deduction of any provision for the performance fee) and the higher of the Benchmark Value and the High Water Mark.

More Definitions of Benchmark Value

Benchmark Value means on any date of determination:

Benchmark Value means the VWAP of the Class A Ordinary Shares for the last thirty (30) Trading Days prior to the date of determination; (y) “Trading Day” means any day on which the Class A Ordinary Shares are actually traded on the principal securities exchange or securities market on which Class A Ordinary Shares are then traded; and (z) “VWAP” means, for any security as of any date(s), the dollar volume-weighted average price for such security on the principal securities exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP” function (set to weighted average) or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported by OTC Markets Group Inc. If the VWAP cannot be calculated for such security on such date(s) on any of the foregoing bases, the VWAP of such security on such date(s) shall be the fair market value per share on such date(s) as reasonably determined by the Company.

Benchmark Value means the total dollar value per Unit attributable to attainment of Success Benchmarks as determined in accordance with Section 5.

Benchmark Value means € 2.50 per Purchaser Share.

Benchmark Value means --------------- (i) In the case of a Change in Control on account of other than an initial public offering of the stock of one or more of the Affiliated Companies, the aggregate net amount received by the Affiliated Companies, or the shareholders of the Affiliated Companies, LESS any debt for borrowed money of the Affiliated Company(ies) with respect to which the Change in Control occurred that is not assumed by the buyer, PLUS any cash retained by such Affiliated Company(ies). If a Change in Control occurs with respect to one or more Affiliated Company, but not all Affiliated Companies, then the Benchmark Value shall be determined solely with regard to the specific Affiliated Companies with respect to which the Change in Control occurs. To the extent that proceeds are received by the Affiliated Companies or the shareholders of the Affiliated Companies in other than cash or deferred installments of cash, the such other consideration shall be valued in good faith by the Company, for purposes of determining the Benchmark Value. (ii) In all other cases other than those described in the foregoing provisions of this paragraph 1.(c), an amount equal to (A) the Combined EBITDA multiplied by 5, plus (B) cash held by the Affiliated Companies, less (C) debt of the Affiliated Companies (other than trade payables). Benchmark Value shall be determined by the Company's independent accountants, as of the end of the prior fiscal year in the cases described in paragraph 1 (c)(ii) a month in which the termination of employment or Change in Control occurs.

Benchmark Value means the spot rate announced by Johnson Matthey as the Base Price at 9:30 a.m. (London time) as at a certain date.

Benchmark Value means the Initial Benchmark Value, as the same may be increased from time to time by the amount of any Advances made after September 30, 2021 and reduced by any Principal Recoveries.