Fund Capital Value definition

Fund Capital Value means the value of assets constituting a part of the Fund’s assets and liabilities (hereinafter also referred to as “Fund assets”) less the value of debts constituting part of the Fund’s assets and liabilities (hereinafter also referred to as “Fund debts”). The Fund Capital Value reflects the deferral or accrual of standard costs, such as the Fund asset management fee or the Fund Depositary fee.
Sample 1Sample 2Sample 3

Examples of Fund Capital Value in a sentence

  • The Shareholders of the same Class have shares in the Class Fund Capital Value commensurate with the ratio of the number of the Investment Shares of this Class held by them to the total number of the issued Investment Shares of this Class.

  • The present value of a share in a given Class is determined as a proportion of the Fund Capital Value of the Class, as this term is defined below, and the number of shares of the Class issued, rounded to four decimal places.

  • HWMN =HWMN(T-1) + ((HPL N - HWMN(T-1)) * UPISN - DIVN) / PK N where HWMN is the High Water Mark for the Class in the Class currency for that business day HWMN(T-1) is the High Water Mark for the Class in the Class currency from the previous business day HPLN is the Fund Capital Value per Fund Unit Class in the Class currency UPISN is the number of Class units subscribed.

  • A future debt of the Fund in the form of a performance fee payable to the Investment Company after expiry of the investment period is determined, for the purposes of calculating the Fund Capital Value, for each day; the daily accrued value of this liability will be weighted by the probability of satisfying the condition set out in the preceding paragraph.

  • The Fund Capital Value per Fund Unit Class (the “ Fund Capital Value of the Class”) is determined as the Fund Capital Value multiplied by the allocation ratio for the Class of Fund units (the “Class Allocation Ratio”).

  • HPLN is the Fund Capital Value per Fund unit Class in the Class currency on the last day of the Investment Period HWMN is the High Water Mark for the Class in the Class currency on the last day of the Investment Period PKN is the number of Class units on the last day of the Investment Period The High Water Mark corresponds to the Fund Capital Value per Fund Unit Class as at the last day of the Investment Period for which the performance fee was last paid.

  • MFN is the monthly fee for a sub-Class of the Fund in the currency of the Class PrVKN is the arithmetic average of the Fund Capital Value of the Class, to each day on which the current value of the unit certificate in the given calendar month is determined, expressed in the currency of the Class.

  • Shareholders of the same Class share in the Fund Capital Value of the Class at a ratio of the number of shares they hold in that Class to the total number of shares issued in that Class.

  • If (and only if) the Class Fund Capital Value is negative and at the same time there are, as of the end of the Investment Period, no outstanding Investment Shares of the given Class, the negative Class Fund Capital will be covered by the Ma- nager.

  • The present value of shares in each Class is determined as a proportion of the Fund Capital Value of the Class and the number of shares issued in that Class, rounded to four decimal places.

Related to Fund Capital Value

  • Fixed capital cost means the capital needed to provide all the depreciable components.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Equity Capital means and includes (i) any and all ordinary shares, stock or other common or ordinary equity shares, interests, participations or other equivalents of or interests therein (however designated), including, without limitation, shares of preferred or preference shares, (ii) all partnership interests (whether general or limited) in any Person which is a partnership, (iii) all membership interests or limited liability company interests in any limited liability company, and (iv) all equity or ownership interests in any Person of any other type.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.