Current Unit Value definition

Current Unit Value. As defined in Section 5.9(c)(iv).

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).

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;

Examples of Current Unit Value in a sentence

• The Responsible Entity may determine the Current Unit Value at any time.

• 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.

• Members should note that immediately after the payment of a distribution, the Current Unit Value may fall to reflect the payment of the distributions.

• As of 31 December 2020, the Directors considered the Current Unit Value as per their statement of holding provided by the investee company to be appropriate approximation of the fair value of these investments.

• 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.

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 as defined in the Trust Deed 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 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 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. 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 means in relation to a Fund, the value of a Unit in the Fund at any time calculated by dividing the Current Value of the Fund by the number of Units on Issue for that Fund;

Current Unit Value means in relation to a Unit in the Fund, subject to clause 9.4, the