Class Net Asset Value per Unit definition
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;
Class Net Asset Value per Unit means the Class Net Asset Value attributable to each Unit in such Class.
Class Net Asset Value per Unit means the Classs Net Asset Value attributable to each Unit in such Class; “CRA” means the Canada Revenue Agency;
Examples of Class Net Asset Value per Unit in a sentence
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 of Units and not for the purposes of accounting in accordance with IFRS.
The Net Asset Value of the Trust determined on the last Valuation Date of each year shall include all income, Common Expenses, Class Expenses or any other items to be accrued to December 31st of each year and since the last calculation of the Net Asset Value per Unit or the Class Net Asset Value per Unit for the purpose of the distribution of Net Income and Net Realized Capital Gains of the Trust to Unitholders.
More Definitions of Class Net Asset Value per Unit
Class Net Asset Value per Unit or “Class NAV per Unit” means, in respect of the Units of any particular Class of Units of the Trust on any particular Business Day, the portion of the Net Asset Value of the Trust attributed to each of the Units of such Class of the Trust.
Class Net Asset Value per Unit means the Net Asset Value attributable to each Unit of a Class calculated as described under “Valuation”;
Class Net Asset Value per Unit means, with respect to particular class of Units, the quotient obtained by dividing the Class Net Asset Value of a particular class of Units by the total number of outstanding Units of that class, including fractions of Units, if any;
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 Gold 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 Gold 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 per Unit means the Class Net Asset Value of an applicable Class of Trust Units divided by the total number of Trust Units of such Class outstanding at the applicable time.
Class Net Asset Value per Unit means the Net Asset Value attributable to each Unit of the applicable Class determined from time to time in accordance with the terms hereof.
Class Net Asset Value per Unit means the Class Net Asset Value attributable to each Unit in such Class; “Companies Law” means the Companies Law (2018 Revision) of the Cayman Islands;