Class Net Asset Value definition

Class Net Asset Value in respect of any particular class or series of a class of Units is the portion of the Net Asset Value of the Trust attributed to such class or series of a class determined in accordance with Section 3.5 and Section 3.6 hereof;

Class Net Asset Value means the net asset value of any Class of Units calculated as described under “Determination of Net Asset Value”;

Class Net Asset Value means the net asset value of a given Class of Units of the REIT determined by

Examples of Class Net Asset Value in a sentence

• The Unitholder will receive payment of redemption proceeds based on the Class Net Asset Value per Unit on the Valuation Date that next follows the termination of the suspension.

• The calculation of the Net Asset Value of the Trust, the Net Asset Value per Unit, the Class Net Asset Value and the Class Net Asset Value per Unit for each class or series of a class of Units shall resume in compliance with applicable Securities Legislation or any approval granted by Canadian Securities Authorities having jurisdiction.

• The Manager shall within three Business Days following the determination of the Class Net Asset Value per Unit for the applicable Redemption Date distribute an amount equal to the Class Net Asset Value per Unit determined as of the relevant Redemption Date.

• A Unitholder may have his or her Units redeemed as of the last Business Day of any calendar week (the “Redemption Date”) at the Class Net Asset Value per Unit as of the Redemption Date provided the Manager has received a notice of redemption in respect of such Units prior to 4:00 p.m. (Eastern time) on such Valuation Date, otherwise such Units will be redeemed on the next Valuation Date.

• For greater certainty, the calculation of the Net Asset Value of the Trust, the Net Asset Value per Unit, the Class Net Asset Value and the Class Net Asset Value per Unit for each class or series of a class of Units as at the Valuation Time on each Valuation Date pursuant to this Article 3 is for the purposes of determining subscription prices and redemption values of Units and not for the purposes of accounting in accordance with IFRS.

More Definitions of Class Net Asset Value

Class Net Asset Value means the portion of the Net Asset Value attributable a Class of Units calculated as described under “Valuation”;

Class Net Asset Value means the fair market value of any of the Class A Units, Class F Units or Class I Units of the Fund at the time the calculation is made less the amount of any liabilities attributable to each such class at that time as determined by the Manager, on behalf of the Trustees, in accordance with the provisions of the Fund Agreement;

Class Net Asset Value in respect of any particular class or series of a class of Units is the portion of the Net Asset Value of the Trust attributed to such class or series of a class determined in accordance with Section 3.5 and Section 3.6 hereof; (q) “Class Net Asset Value per Unit” in respect of any particular class or series of a class of Units is the portion of the Class Net Asset Value of the Trust attributed to each Unit of such class or series of a class determined in accordance with Section 3.5 and Section 3.6 hereof; (r) “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time; (s) “Common Expenses” means those expenses of the Trust other than Class Expenses; (t) “Corporate Action” means any conversion privileges, subscription rights, warrants or other rights or options available in connection with any securities forming part of the Trust Property, including those relating to the reorganization, recapitalization, takeover, consolidation, amalgamation, merger, liquidation, filing for or declaration of bankruptcy or plans of arrangement, of any corporation, association or other entity; (u) “Counsel” means any Person qualified and engaged in the practice of law in the Province of Ontario; (v) “Court” means any court of competent jurisdiction in the Province of Ontario; (w) “Custodian” means the custodian of the Trust Property, other than the Silver Bullion, appointed pursuant to Section 17.6 hereof and shall include the Trustee and any sub-custodians appointed by the Trustee which from time to time hold the Trust Property other than the Silver Bullion pursuant to this Trust Agreement or a separate written custodial agreement; (x) “Depository” means any authorized domestic or foreign depository or clearing or settlement agency or system, including a transnational book-based system, CDS or DTC; (y) “Designated Market” has the meaning ascribed thereto in Subsection 17.6(k) hereof; (z) “Disclosure Documents” means any (final) prospectus of the Trust filed in all provinces and territories of Canada and any registration statement of the Trust filed with the United States Securities and Exchange Commission, or similar offering documents as may be used by the Manager or required by applicable Securities Legislation in connection with qualifying the distribution of the Units to the public, including any amendments to such

Class Net Asset Value means the fair market value of one particular Class of Trust Units at the time the calculation is made less the amount of any liabilities attributable to such Class at that time as determined by the Administrator in accordance with the Trust Indenture.

Class Net Asset Value means the net asset value for a particular class or series of a class of Trust Units; "Code" means the U.S. Internal Revenue Code of 1986, as amended;

Class Net Asset Value means the Net Asset Value of the Class of Units of Willow LP attributable to a particular Class of Units on the basis of the net asset value of the Underlying Property;

Class Net Asset Value means the portion of the Net Asset Value attributable to each of the Classes of Units, calculated as described under “Valuation”.