Minimum NAV definition

Minimum NAV means £3,000,000;
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Minimum NAV means (a) at all times, USD25,000,000 and (b) as of the last day of each fiscal quarter, 50% of the Net Asset Value as of the last day of the same fiscal quarter in the immediately preceding fiscal year; provided that, for the purposes of clause (vii) of the “Certain Covenants of Seller” provision and the Minimum NAV Capital Call Restoration Amount, “Net Asset Value” shall be determined based on the aggregate net asset value amount included in the most recently delivered BC Partners Financial Requirements and adjusted for any redemptions and/or withdrawals from such aggregate net asset value amount.
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Minimum NAV means the minimum NAV of the Investments as determined by the Bank from time to time.
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Examples of Minimum NAV in a sentence

  • For the avoidance of doubt, no additional payment shall be required to be made by the Offeror to CIGL under the Sale and Purchase Agreement if the Completion NAV is more than the Guaranteed Minimum NAV and there will be no upward adjustment to the purchase price per CFSG Sale Share under the Sale and Purchase Agreement.

  • The Client undertakes to maintain cash and/or Investment Products in the Investment Account in an amount not less than the Minimum NAV.

  • Transfer of Investments other than under clause 8 of these Terms (i) is at the Bank’s discretion, (ii) is subject to the payment of reasonable fees and charges incurred by the Bank and/or Custodian in connection with such transfer, and (iii) will not generally be permitted where the Client’s liabilities to the Bank and to the Bank’s subsidiaries, affiliates or agents have not been fully discharged and the transfer would result in the NAV of the Investment Account falling below the Minimum NAV.

  • This argument backed up Buddhist scholars advocating to discussion about the re-establishment of the Order of Bhikkhunīs in the Theravāda tradition.

  • The net asset value of the Disposal Companies as at 1 January 2014 is larger than the Guaranteed Minimum NAV, there is no adjustment on the consideration.

  • In the event that the net asset value of the Remaining CFSG Group as shown in the Completion Account (after deducting certain adjustment items and on the assumption that the Confident Profits Transfer have been completed) (the “Completion NAV”) is less than the Guaranteed Minimum NAV, the shortfall amount representing the difference between the Guaranteed Minimum NAV and the Completion NAV (the “Shortfall”) shall be deducted from the Retention Money.

  • In the event the Actual NAV is less than the Minimum NAV, the Consideration shall be reduced by the amount of the shortfall by way of offset against the First Payment, the Balance Payment or a reduction of the number of Consideration Shares to be issued on Completion.

  • If the level of Reorganisation Redemption Requests is such that the net asset value of the Fund would be reduced below the Minimum NAV and, as a result, the Reorganisation does not proceed, no redemptions of Participating Shares would occur.

  • Shareholders should be aware that it is a Condition of the Reorganisation that the net asset value of the Fund must not be less than the Minimum NAV.

  • In this regard, the Company is satisfied that the Minimum NAV has been met and there will be no reduction to the Consideration.


More Definitions of Minimum NAV

Minimum NAV means (i) except as otherwise provided in clause (ii) below, $75,000,000; and (ii) notwithstanding anything to the contrary in clause (i) above, if at any time after October 22, 2008, Net Asset Value shall equal or exceed $120,000,000, at all times thereafter Minimum NAV shall be $90,000,000.
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Minimum NAV is defined in Section 2.8(a).
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Related to Minimum NAV

  • Minimum Number means 3% of the number of outstanding shares of common stock of the Corporation as of the most recent date for which such amount is given in any filing by the Corporation with the Securities and Exchange Commission prior to the submission of the Nomination Notice.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Necessary means the least amount of PHI necessary to accomplish the purpose for which the PHI is needed.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Maximum Number means that number of directors constituting the greater of (x) two and (y) 20% of the total number of directors of the Corporation on the last day on which a Nomination Notice may be submitted pursuant to this Section 3.11 (rounded down to the nearest whole number), which number shall be reduced as set forth in Section 3.11.c.i.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Minimum Offering means the number Shares so designated on Exhibit A hereto.

  • Minimum qualifications” are qualifications mandated for the position and which must be possessed by a Unit Member before the individual can be considered for employment in a specific classification.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Liquidity has the meaning given in Clause 11.19;

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;