Fund Net Asset Value definition

Fund Net Asset Value has the meaning set forth in Section 1.07(b).
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Fund Net Asset Value means the total assets of a Fund as calculated by the Manager or its delegate less
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Fund Net Asset Value means the total assets of the Fund less the total liabilities of the Fund determined in accordance with NI 81-106 or other applicable law by applying the valuation rules set out in Article 1 and calculated in accordance with Article 3;
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Examples of Fund Net Asset Value in a sentence

  • Cover Ratio in relation to the VCP Investment Funds, at any time, means the ratio borne by (x) the Total VCP Investment Fund Net Asset Value to (y) the Senior Facility H Outstandings.

  • The Company may compulsorily repurchase all of the Shares of any Fund if the Net Asset Value of the relevant Fund is less than the Minimum Fund Net Asset Value (if any) specified in the Supplement for the relevant Fund.

  • Any change approved by the Investment Committee to Fund Net Asset Value shall become effective, and shall be reported to Investors, in the same manner as set forth in subsection (d) with respect to the required annual determination of Fund Net Asset Value.

  • Fund Net Asset Value shall be the amount that reflects the value of all Real Estate Assets of Company, net of all debt and other financial obligations of Company, that has been determined and approved by the Investment Committee of Company, in good faith and consistent with applicable fiduciary duties.

  • The Trustee may, subject to the prior written consent of the redeeming unitholders and to compliance with applicable laws, pay for all or any of such redeemed Units by making good delivery to such unitholders of portfolio securities, provided that such portfolio securities are valued for purposes of determining the redemption price at an amount equal to the amount at which such portfolio securities were valued for the purpose of determining the Fund Net Asset Value on the date of redemption.

  • The deferred credit shall be deducted in arriving at the Fund Net Asset Value.

  • The Asset Management Fee shall be payable by Company monthly in an amount equal to one-twelfth (1/12) of 0.75% of Fund Net Asset Value in effect as of the last day of the immediately preceding month.

  • Based upon such appraisals (and the overall review and approval by the Independent Appraiser), Advisor shall prepare and deliver a proposed determination of Fund Net Asset Value to the Investment Committee for its review, approval or modification, consistent with the appraisal (and overall review and approval) of the Independent Appraiser and such other relevant considerations as the Investment Committee determines to be appropriate in the good faith discharge of its fiduciary duty to Company.

  • When approved or determined by the Investment Committee, the resulting Fund Net Asset Value shall be effective as of such date for calculations of the Asset Management Fee, shall be reported to Investors as required by the Operating Agreement or otherwise, and shall remain effective for such purpose unless and until the Investment Committee shall approve a new or revised determination of Fund Net Asset Value, whether pursuant to a recommendation by Advisor or otherwise.

  • The Investment Committee shall determine Fund Net Asset Value at least annually, no later than 90 days following the end of each fiscal year of Company.

Related to Fund Net Asset Value

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Net Asset Value per Unit means the Net Asset Value divided by the number of Units outstanding on the date of calculation.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the