Current Unit Value. As defined in Section 5.9(c)(iv).
Current Unit Value means at any time the Net Asset Value of the Deposited Property at that time divided by the number of Units in issue and deemed to be in issue at that time;
Current Unit Value of any Partnership Unit as of any date shall be the amount determined by dividing (x) the difference between the Current Total Equity Value and the Current Participation Interest Value of the entire Participation Interest as of such date, by (y) the total number of Partnership Units outstanding as of such date (including, if applicable, any other securities that are convertible into or exchangeable for Units as of such date).
Examples of Current Unit Value in a sentence
For so long as the Trust is Unlisted, each Unit of which the Manager is or is deemed to be the Holder may be sold or offered for sale by the Manager at a price equal to the total of the Current Unit Value of that Unit on the day of the sale or offer, the Preliminary Charge and an amount to adjust the resultant total upwards to the nearest whole cent.
Withdrawals pursuant to this Section 10.7 will be effected by the Partnership’s redeeming the Units held by such Limited Partner at the Current Unit Value, with the redemption price being payable by a promissory note having a term of not more than three years and bearing interest at the Prime Rate.
Where the Units and/or the Trust become Unlisted after the Listing Date, the Manager may issue Units at an Issue Price equal to the Current Unit Value on the date of the issue of the Unit plus, if so determined by the Manager, an amount equal to the Preliminary Charge and an amount to adjust the resultant total upwards to the nearest whole cent.
Any such contributions shall be at a price per Unit (or equivalent interest in another Fund Entity) equal to the Current Unit Value (or its equivalent), as of the date of the contribution.
More Definitions of Current Unit Value
Current Unit Value on any date means the amount which is the quotient derived by dividing the number of Units in Issue (calculated having regard to clause 6.6(b)) on that date into the Current Value of the Fund on that date;
Current Unit Value means at any time the value (determined in accordance with the Trust Deed) of all the assets of Ascott Reit for the time being held or deemed to be held upon the trusts of the Trust Deed, less all the liabilities of Ascott Reit (including liabilities accrued but not yet paid) and any provision which the Manager decides in consultation with the Auditors should be taken into account in determining the liabilities of Ascott Reit at that time divided by the number of Units in issue and deemed to be in issue at that time.
Current Unit Value of any OP Unit as of any date shall be the amount determined by dividing (x) the difference between the Current Total Equity Value and the Current Participation Interest Value of the entire Participation Interest as of such date, by (y) the total number of OP Units outstanding as of such date (including, if applicable, any other securities that are convertible into or exchangeable for OP Units as of such date).
Current Unit Value. As defined in Section 5.9(c)(iv). “Defaulting Partner”: As defined in Section 10.8(b). “Default Rate”: The rate of interest per annum equal to the lesser of (i) the Prime Rate plus four percent and (ii) the highest rate permitted by applicable law. “Depreciation”: For any Fiscal Year or portion thereof, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such period for federal income tax purposes, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such period, Depreciation shall be an amount that bears the same relationship to such beginning Gross Asset Value as the depreciation, amortization or cost recovery deduction in such period for federal income tax purposes bears to the beginning adjusted tax basis; provided, however, that if the adjusted basis for federal income tax purposes of an asset at the beginning of such period is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Managing General Partner.
Current Unit Value of any Partnership Unit as of any date shall be the amount determined by dividing (x) the net distributions that would be received by the Partnership if all Properties were sold at their Current Market Value in an all cash sale as of such date, and the net proceeds of such sale, determined after taking into account expected transaction costs (including all closing costs customarily borne by a seller in the market where each Property is located and estimated legal fees and expenses) and the repayment of all debts of each Fund Entity, as reasonably determined by the General Partner, were distributed by each Fund Entity to its owners, by (y) the total number of such units of equity outstanding as of such date, including any other securities that are convertible into or exchangeable for such units as of such date.
Current Unit Value of a Unit means, in respect of a Unit in a Class, the quotient derived from dividing the most recent Current Value of that Class by the total number of Units on Issue in that Class, at such time as the Trustee determines.
Current Unit Value means at any time the value (determined in accordance with the Trust Deed) of all the assets of SGR, including all of its Authorised Investments (as defined in the Trust Deed) for the time being held or deemed to be held upon the trusts of the Trust Deed, less all the liabilities of SGR (including liabilities accrued but not yet paid) and any provision which the Manager decides in consultation with the Auditors (as defined in the Trust Deed) should be taken into account in determining the liabilities of SGR at that time divided by the number of Units in issue and deemed to be in issue at that time.In connection with the proposed adoption of the Unit Buy-Back Mandate, the Manager is seeking Unitholders’ approval under Clause 29.1.1 of the Trust Deed to supplement the Trust Deed for the purposes of, inter alia: