Initial NAV definition

Initial NAV means the Net Asset Value of Customer as of the date of execution hereof (“Initial NAV Date”).

Initial NAV means the initial net asset value per Note of the Portfolio on the Closing Date, which is set at $96.

Initial NAV means the initial net asset value per Note of the Portfolio on the Issuance Date, which is set at $100.

Examples of Initial NAV in a sentence

• Pursuant to the Formula the NAV on the second Business day after the Final Observation Date is expected to be the same percentage in relation to the Initial NAV which the Final Equity Basket Level is in relation to the Initial Level, i.e. if the Final Equity Basket Level is 65%from its Initial Level, the NAV on the second Business day after the Final Observation Date is expected to be 65% of the Initial NAV.

• Fund overview ISIN codeAllocation of distributable income Base currency Eligible investors Minimum initial subscription Initial NAV Allocation of net incomeAllocation of net realised capital gainsShare IC FR0011474980 * With the exception of the management company, which may only subscribe for one share.

• Final Maturity Event Where the Equity Basket Level on all Annual Observation Dates was lower than its Initial Level the following shall apply:  If the Final Equity Basket Level is less than 50% of its Initial Level, the formula provides for a NAV on the second Business day after the Final Observation Date which equals to 50% of the Initial NAV.

• Invested $1,000.00 $1,000.00 $1,000.00 $1,000.00 Initial NAV $1.00 $1.00 $1.00 $1.00 Initial Shares 1000.000 1000.000 1000.000 1000.000 Shares From Dist.

• Initial NAV * except for the management company, which may only take out one unit.** individuals subscribing to the SICAV.*** Class reserved for institutional investors such as those defined by the lines of conduct and recommendations issued periodically by the Luxembourg supervisory authority, mainly Spanish and Italian.

More Definitions of Initial NAV

Initial NAV means the Net Asset Value of Customer as of the Closing Date.

Initial NAV means the Net Asset Value of Customer as of the close of business on December 4, 2008.

Initial NAV means $95.00 per Note Security. “Initial Portfolio Level” means 1,000.

Initial NAV means $10.00 per Unit;

Initial NAV means the Benchmark Portfolio NAV per Note on the Issuance Date. The Benchmark Portfolio NAV per Note will be equal to $97.50 as of the Issuance Date.

Initial NAV means the Benchmark Portfolio NAV on the Issuance Date. The Benchmark Portfolio NAV will be equal to $95.50 per Note as of the issuance date of each series of Notes.

Initial NAV means $95.00 per Note Security.