Current Unit Value definition
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
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.
Any such future contributions shall be at a price per Unit (or equivalent interest in another Fund Entity) equal to (i) the Initial Offering Price, during the Initial Offering Period and (ii) the Current Unit Value (or its equivalent), thereafter.
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.
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.
Any such future 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 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 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. The term “Net Asset Value of the Deposited Property” means at any time the Value of the Deposited Property, less the Liabilities. The term “Value” means, except where otherwise expressly stated, means with reference to any Authorised Investment or the Deposited Property, its value for the time being as determined pursuant to Clause 6 of the Trust Deed. The term “Authorised Investment” refers to, among others, real estate (whether freehold or leasehold, in or outside of Singapore), any improvement or extension of or addition to or reconstruction or renovation or other development of any real estate or any building thereon and real estate related assets. The term “Deposited Property” means all the assets of FLCT, including all its Authorised Investments for the time being held or deemed to be held upon the trusts of this Deed. The term “Liabilities” means all the liabilities of the FLCT whether incurred directly by the Trustee or indirectly through a Special Purpose Vehicle, Treasury Company or the Manager (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 the FLCT in accordance with generally accepted accounting practices in Singapore or, where the context requires, any other relevant jurisdiction.
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. 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.