NAV Adjustment definition

NAV Adjustment shall have the meaning set forth in Section 2.7.
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NAV Adjustment. (if any) shall be determined as follows:
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NAV Adjustment means any shortfall between the Certified NAV and the net asset value of the Target Group as shown in the Management Accounts;
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Examples of NAV Adjustment in a sentence

  • Subject to terms and conditions hereof, the consideration to be paid for the Equity Interest by the Purchaser shall be an aggregate of $6 million in cash less: (i)a NAV Adjustment as set out in Section 2.02(c) and (ii) all amounts outstanding on any loan facility, including, without limitation, the HSBC loan facility (the “Tranche 1 Consideration”) and an amount to be determined in accordance with Section 2.02(d) (the “Tranche 2 Consideration”).

  • The Tranche 1 Consideration shall be $6 million payable in cash on Closing less the NAV Adjustment Amount (if any) in cash and/or Series A Loan Notes to the Sellers as set out in Schedule 1.

  • NAV Adjustment for Irish Generally Accepted Accounting Practice PurposesIn accordance with the Prospectus of the Company, the NAV on which capital transactions are based is calculated using Irish Generally Accepted Accounting Practice (“GAAP”) basis adjusted for the amortisation of organisational costs (the “shareholder dealing NAV”).In accordance with the guidelines issued by Chartered Accountants Ireland, organisational costs are not permitted to be amortised.

  • For the avoidance of doubt, to the extent the balance of the Consideration has been reduced pursuant to the NAV Adjustment and/or the compensated payment for the overstatement of the Completion Adjusted NAV, the Company is not entitled to make double claim for the Vendor of breaching the warranty of the Completion Adjusted NAV pursuant to the Agreement.

  • Consideration and Payment to the Vendor after Completion Consideration Subject to the adjustment mechanism set out below, the Consideration payable by the Purchaser to the Vendor for the Sale Shares shall be HK$50,000,000: Consideration = HK$50,000,000 – Inter-Company Balances (if any) – Guaranteed NAV Adjustment (if any) – Adjustment (if any) If the Guaranteed NAV Shortfall shall exceed EUR 3,500,000, any such excess shall be deducted from the Consideration (the “Guaranteed NAV Adjustment”).

  • For the purpose of determining the NAV per unit for subscriptions and redemptions and for various fee calculations (the “Dealing NAV”), the Trustee calculates the Dealing NAV in accordance with the provisions of the Trust Deed, which may be different from the accounting policies under IFRSs. Reconciliation between Accounting NAV and Dealing NAV Adjustment for the formation feeThe formation fee for establishing S&P 500 Daily (-1x) Inverse Product was US$115,252.

  • The Board of Directors of the Fund has communicated to all share- holders of the Fund (except Dynamic All Market Portfolio and AB Multi-Asset 2022-I Portfolio) to implement a Net Asset Value (NAV) Adjustment Policy, also known as “swing pricing” policy effective from July 19, 2016.

  • If the sum of the Inter-Company Balances, the Guaranteed NAV Adjustment and the Adjustment exceeds HK$50,000,000, the Vendor agrees to pay such difference to the Purchaser upon Completion.

  • Gaye reinvented the Motown R&B formula as a new mode of political expression, an extreme version of the personal as the political, seductively register- ing the effects of conditions that stood indifferent to the self, to any sense of autonomy or psychic coherence.

  • Following the occurrence of an NAV Adjustment Event, the Calculation Agent may take certain steps set out in Product Condition 4, to require the Calculation Agent to adjust theterms of the Conditions or relevant values or dates in respect of the Securities or, to treat the NAV Adjustment Event as an Extraordinary Fund Event.

Related to NAV Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Lot line adjustment means the relocation of the property boundary line in a

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Substitution Adjustment Amount As defined in Section 2.03.