Examples of Maturity NAV in a sentence
The SMART conservative Portfolio is designed to preserve value by increasing its concentration of lower risk securities.The Maturity NAV will be calculated using the average reference closing price of each Component established on the basis of the reference closing price on each of the monthly Valuation Dates of the last six calendar months to maturity of the Notes.
Finally, the SMART Conservative Portfolio is a portfolio designed to preserve value by increasing its concentration of lower risk securities.The Maturity NAV will be calculated using the average reference closing price of each Component established on the basis of the reference closing price on each of the monthly Valuation Dates of the last six calendar months to maturity of the Notes.
For avoidance of doubt, all other Components of a Reference Portfolio shall remain unaffected and the reference closing prices shall be as of the initially scheduled Valuation Date.More specifically, the Maturity NAV for the purposes of calculating the Maturity Redemption Amount will correspond to the average of the six Reference Portfolio NAV calculated as of the six Valuation Dates occurring during the last six months of the term of the Notes.
On maturity, the number of units held by you multiplied by the higher of Guaranteed Maturity NAV and the NAV on the maturity date shall be paid to you as the Fund ValueThis benefit applies if it is in force, or otherwise the non-forfeiture provisions would apply.
Moreover, the calculation of the Starting NAV, the Maturity NAV and the Benchmark Portfolio NAV will be based on the closing prices on the TSX.
If the Notes have not been redeemed by the Bank at the Early Redemption Day (as defined below), each holder of Notes (each a “Holder” and, collectively, the “Holders”) will receive on the Maturity Date, in respect of each Note held by such Holder, an amount equal to the greater of: (a) the Principal Amount, and (b) the Principal Amount multiplied by the quotient of the Maturity NAV (as defined below) over the Starting NAV (as defined below).
If the Notes are redeemed under a Bank Early Redemption, such advisor fee and trailer fee will no longer be payable in respect of the Notes.The Management Fee will be paid from the assets of the Benchmark Portfolio andwill therefore affect the Maturity Redemption Amount by reducing the Maturity NAV or, as the case may be, the amount payable upon a Reimbursement upon Special Circumstances.
The calculation of the Starting NAV, the Maturity NAV and the Benchmark Portfolio NAV will be based on the closing prices on the TSX.
The calculation of each commodity for the purposes of the Maturity NAV will be based on the commodity reference prices indicated in the table above as of the Valuation Date.
The Management Fee will be paid from the assets of the Benchmark Portfolio and will therefore affect the Maturity Redemption Amount by reducing the Maturity NAV or, as the case may be, the amount payable upon a Reimbursement upon Special Circumstances.NATIONAL BANK OF CANADA The Bank was formed through a series of amalgamations and its roots date back to 1859 with the founding of Banque Nationale in Quebec City.