Net Asset Value Floor means, with respect to Customer, an amount equal to 50% of the Initial NAV (such 50% amount, the "Execution Date NAV Floor"); provided, however, that following the date hereof, the Net Asset Value Floor shall be the greater of (i) the Execution Date NAV Floor or (ii) 50% of the Net Asset Value of Customer, calculated based on the Customer's Net Asset Value as of its most recent fiscal year end subsequent to the date hereof.
Net Asset Value Floor means, with respect to Customer, an amount equal to the greater of (i) USD $10,000,000 or (ii) 50% of the Net Asset Value of Customer, calculated based on Customer’s Net Asset Value as of its most recent fiscal year end subsequent to the date hereof.
Net Asset Value Floor means, with respect to FSGCOF, an amount equal to the greater of (i) USD $292,000,000 or (ii) 50% of the Net Asset Value of FSGCOF, calculated based on FSGCOF’s Net Asset Value as of its most recent fiscal year end subsequent to the date hereof.
Examples of Net Asset Value Floor in a sentence
The Net Asset Value of the Manager at any time declines below the Net Asset Value Floor.
More Definitions of Net Asset Value Floor
Net Asset Value Floor means, with respect to Customer, an amount equal to the greater of (i) 50% of the Net Asset Value of Customer, calculated as of the date of execution, and (ii) 50% of the Net Asset Value of Customer, calculated based on the Customer's Net Asset Value as of its most recent fiscal year end.
Net Asset Value Floor means $50,000,000.
Net Asset Value Floor means the sum of (i) $50,000,000 and (ii) 50% of any equity capital in excess of $50,000,000 raised by the Equity Owner.
Net Asset Value Floor means, with respect to the Fund, 4,000,000, provided that in the event Net Asset Value based on the most recent annual financial statement is greater than 8,000,000, "Net Asset Value Floor" shall mean 50% of Net Asset Value as of the date of such statement.
Net Asset Value Floor means the sum of (i) $15,000,000 and (ii) once the Net Asset Value of the Manger has reached $15,000,000, 50% of any additional equity capital raised by the Manager net of all sales load and any other non-Affiliate related out of pocket costs and expenses incurred by the Manager in raising such equity capital, which costs and expenses shall, for the avoidance of doubt, exclude all dividends.
Net Asset Value Floor means, with respect to CCT, an amount equal to 50% of CCT’s Net Asset Value in effect as of the Closing Date (such 50% amount, the “Execution Date NAV Floor”); provided, however, that following the date hereof, the Net Asset Value Floor shall be the greater of (i) the Execution Date NAV Floor or (ii) 50% of the Net Asset Value of CCT, calculated based on the CCT Net Asset Value as of its most recent fiscal year end subsequent to the date hereof.
Net Asset Value Floor means, with respect to Customer, an amount equal to USD $80,000,000.