NAV per Share definition

NAV per Share means the value of a Share determined under Section 4.1.

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NAV per Share means the Net Asset Value attributable to the Ordinary Shares in issue divided by the number of Ordinary Shares in issue (excluding any Shares held in treasury) at the relevant time and expressed in Sterling;

NAV per Share means with respect to each Class of Shares on a per share basis at the time of determination, the last published net asset value per Share for such Class of Shares at such time.

Examples of NAV per Share in a sentence

• Distributor shall have no duty to inquire into or liability for the accuracy of the NAV per Share as calculated.

• Under the DRIP, distributions in respect of Shares are reinvested in Shares of the same Class for a purchase price equal to the most recently available NAV per Share.

• Each class of Shares may have a different NAV per Share because distribution fees differ with respect to each class.

• The Company may offer Shares at a price that the Company believes reflects the NAV per Share of such stock more appropriately than the most recently disclosed monthly NAV per Share, including by updating a previously disclosed transaction price, in cases where the Company believes there has been a material change (positive or negative) to its NAV per Share relative to the most recently disclosed monthly NAV per Share.

• The Manager, pursuant to the policies and procedures adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Company’s valuation policies, overseeing the calculation of the NAV per Share for each Class of Shares and reporting to the Board of Directors.

More Definitions of NAV per Share

NAV per Share means the Net Asset Value per ordinary share divided by the number of Shares in issue (other than shares held in treasury);

NAV per Share means the Net Asset Value per Ordinary share of the Company and is expressed in pence;

NAV per Share means, with respect to any given Plan Year, (x) that amount equal to (A) the value of the Company’s Oil and Gas Assets on December 31st of such Plan Year as set forth in the Financial Statements plus (B) the Company’s cash on December 31st of such Plan Year as set forth in the Financial Statements minus (C) the Company’s total long-term debt outstanding on December 31st of such Plan Year as set forth in the Financial Statements divided by (y) the weighted average total number of fully diluted shares of the Company’s common stock issued and outstanding during such Plan Year.

NAV per Share means the Company's NAV divided by the number of the Company's common shares that are issued and outstanding.

NAV per Share has the meaning provided in Section 2.6(d).

NAV per Share equals the most recent quarterly net asset value per Share, as determined by the board of directors of the Company (the “Board”); provided that for any Drawdown Date that occurs prior to the determination of NAV per Share as of the end of the first quarter of operation, the NAV per share shall be $15.00. However, the NAV Per Share shall be subject to adjustment to the extent required by Section 23 under the Investment Company Act of 1940, as amended (the “1940 Act”). No Investor shall be required to invest more than the total amount of its Capital Commitment.

NAV per Share means the Net Asset Value per Ordinary Share;