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 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.

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.

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.

• 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 Initial Limited Partner calculates its NAV, which it expects to do commencing with the filing of its second Quarterly Report on Form 10-Q (or its Annual Report on Form 10-K should such filing constitute the second quarterly financial filing) with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, following the earlier to occur of (i) the Initial Limited Partner’s acquisition of at least $2.0 billion in total portfolio assets, calculated on the basis of cost, including the Initial Limited Partner’s pro rata share of debt attributable to such assets, and (ii) November , 2015.

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.

NAV Pricing Start Date means the date the General Partner first publishes an estimated per share NAV, which will be on or prior to March 16, 2017.

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.