NAV Pricing Start Date definition

NAV Pricing Start Date means the first date on which the Company calculates NAV.
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NAV Pricing Start Date means the first date on which the General Partner calculates its NAV, which it expects to do upon the filing by the General Partner of its second quarterly report on Form 10-Q (or the filing of its annual report on Form 10-K should such filing constitute the second quarterly financial filing) following [●], 2016.
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NAV Pricing Start Date means the first business day of the first quarter after the General Partner acquires at least $1.2 billion in total portfolio assets, calculated on the basis of cost, including the General Partner’s pro rata share of debt attributable to such assets, on which date the General Partner will begin calculating NAV.
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Examples of NAV Pricing Start Date in a sentence

  • Following the NAV Pricing Start Date, the Company will pay the Advisor or its assignees a monthly fee equal to the greater of (i) the amount as calculated in the preceding sentence and (ii) one-twelfth (1/12) of one percent (1.0%) of the average of the Company’s daily NAV for the preceding month, payable on the first Business Day of each month.

  • Following the NAV Pricing Start Date, each Common Share will be valued at NAV per Common Share.

  • For the purposes of the payment of these fees in Common Shares, prior to the NAV Pricing Start Date, if an Offering is underway, each Common Share will be valued at the per Common Share Offering price minus the maximum Selling Commission and Dealer Manager Fee allowed in the Offering.

  • For a specified period, the average of the aggregate book value of the Assets, before reserves for depreciation, amortization, bad debts or other similar non-cash reserves, other than impairment charges, computed by taking the average of such values at the end of each business day during such period; provided, however, that after the NAV Pricing Start Date, “Average Invested Assets” will be based upon the aggregate valuation of the Assets as reasonably determined by the Board.

  • Following the NAV Pricing Start Date, the Company will limit the aggregate value of Common Shares repurchased during any calendar quarter to 5% of the estimated value of the Company’s assets (the “NAV”) as of the last day of the previous calendar quarter or as of the NAV Pricing Start Date if it occurred during the then-current quarter.

  • Notwithstanding anything contained in this SRP to the contrary, prior to the NAV Pricing Start Date, the Company will limit the aggregate number of Common Shares repurchased during any calendar quarter to 1.25% of the weighted average number of Common Shares outstanding during the previous calendar quarter.

  • The Company intends, following the NAV Pricing Start Date, to maintain the following percentage of the overall value of the Company’s portfolio in liquid assets that can be liquidated more readily than properties: (a) 15% of the NAV up to $333 million; (b) 10% of the NAV between $333 million and $667 million; and (c) 5% of the NAV in excess of $667 million.

  • For the purposes of the payment of these fees and commissions and the reimbursement of these expenses in Common Shares, prior to the NAV Pricing Start Date, if an Offering is underway, each Common Share will be valued at the per Common Share offering price minus the maximum Selling Commissions and Dealer Manager Fee allowed in the Offering.


More Definitions of NAV Pricing Start Date

NAV Pricing Start Date means the first date on which the General Partner calculates its NAV, which it expects to do beginning with the filing of the General Partner’s second Quarterly Report on Form 10-Q (or its Annual Report on Form 10-K should such filing constitute its second quarterly financial filing) with the U.S. Securities and Exchange Commission, pursuant to the Securities Exchange Act of 1934, as amended, following the earlier to occur of (i) the General Partner’s acquisition of at least $2 billion in total portfolio assets, calculated on the basis of cost, including the General Partner’s pro rata share of debt attributable to such assets and (ii) January 7, 2016.
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NAV Pricing Start Date means the earliest to occur of: (a) the Company investing in Investments with an aggregate cost, including the Company’s pro rata share of debt attributable to such Investments, in excess of $1 billion; (b) the Company raising net offering proceeds of in excess of six hundred fifty million dollars ($650 million) in the Company’s Primary Offering; and (c) the date that is twenty-nine (29) months following the commencement of the Company’s initial public Offering.
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NAV Pricing Start Date means the date the General Partner first publishes an estimated per share NAV, which will be on or prior to July 11, 2017.
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NAV Pricing Start Date means the date on which the General Partner files its Quarterly Report on Form 10-Q (or its Annual Report on Form 10-K should such filing constitute the applicable quarterly financial filing) with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Exchange Act, for the second full fiscal quarter following the earlier of (i) the date on which the General Partner has invested all of the net proceeds of the Offering, plus the net proceeds from debt financing equal to its target leverage ratio (as described in the Registration Statement), but excluding working capital reserves and facilities and (ii) September 25, 2017.
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Related to NAV Pricing Start Date

  • Term End Date means [Insert date];

  • Term Start Date has the meaning set forth in Section 1.01.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Agreement End Date has the meaning specified in Section 10.1(e).

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • Pricing Side Letter means that certain letter agreement between Buyer and Seller, dated as of the date hereof, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • GDP price deflator means the average of the four implicit price

  • Approved Pricing Service means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Initial Transfer Date means the Series Issuance Date for the first Series of Securitization Bonds.

  • Pricing Date means, for any fiscal quarter of Holdings ending on or after December 31, 2021, the date on which the Administrative Agent is in receipt of Holdings’ most recent financial statements (and, in the case of the year-end financial statements, audit report) and compliance certificate for the fiscal quarter then ended, pursuant to Section 6.1. The Applicable Margin shall be established based on the Consolidated Total Net Leverage Ratio for the most recently completed fiscal quarter and the Applicable Margin established on a Pricing Date shall remain in effect until the next Pricing Date. If Holdings has not delivered its financial statements and compliance certificate by the date such financial statements (and, in the case of the year-end financial statements, audit report) and compliance certificate are required to be delivered under Section 6.1, at the request of the Required Lenders, until such financial statements and audit report, as applicable, and compliance certificate are delivered, the Applicable Margin shall be the highest Applicable Margin (i.e., Level I above). If Holdings subsequently delivers such financial statements and compliance certificate before the next Pricing Date, the Applicable Margin established by such late delivered financial statements and compliance certificate shall take effect from the date of delivery until the next Pricing Date. In all other circumstances, the Applicable Margin established by such financial statements and compliance certificate shall be in effect from the Pricing Date that occurs immediately after the end of the fiscal quarter covered by such financial statements until the next Pricing Date. Each determination of the Applicable Margin made by the Administrative Agent in accordance with the foregoing shall be conclusive and binding on the Borrower and the Lenders absent manifest error. Notwithstanding the foregoing, if, as a result of any restatement of or other adjustment to the financial statements of Holdings and its Subsidiaries or for any reason, the Administrative Agent reasonably determines that (a) the Consolidated Total Net Leverage Ratio as calculated on any Pricing Date was inaccurate and (b) a proper calculation of the Consolidated Total Net Leverage Ratio would have resulted in a higher Applicable Margin for any period than the Applicable Margin applied for such period, then the Borrower shall automatically and retroactively be obligated to pay to the Administrative Agent for the benefit of the Lenders, promptly on demand by the Administrative Agent, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.