Net Asset Value of a Class definition

Net Asset Value of a Class means the net asset value of the Fund Units of a particular Class calculated in accordance with ITEM 5.1 – Terms of Securities.
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Net Asset Value of a Class means the Net Asset Value allocated to capital accounts represented by Units of Limited Partnerships Interests divided by the aggregate number of Units of such Class.
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Net Asset Value of a Class means the net asset value of a Class calculated in accordance
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Examples of Net Asset Value of a Class in a sentence

  • Whenever a foreign exchange rate is needed in order to determine the Net Asset Value of a Class, the applicable foreign exchange rate on the respective Valuation Date will be used.In addition, appropriate provisions will be made to account for the charges and fees charged to the Sub-Funds and Classes as well as accrued income on investments.

  • The currency in which the Net Asset Value of a Class or Sub-Class of any Sub-Fund is expressed (accounting unit).

  • Whenever a foreign exchange rate is needed in order to determine the Net Asset Value of a Class, the applicable foreign exchange rate on the respective Valuation Date will be used.

  • Investors are therefore exposed to the risk that the Net Asset Value of a Class can move unfavorably vis- à-vis another Class as a result of hedging transactions performed at the level of the hedged Class.

  • Investors are therefore exposed to the risk that the Net Asset Value of a Class of Shares can move unfavorably vis-à-vis another Class of Shares as a result of hedging transactions performed at the level of the hedged Class of Shares.

  • As a result, currency hedging may impact the Net Asset Value of one Class as compared to the Net Asset Value of a Class denominated in another currency.

  • Any such suspension of the determination of the Net Asset Value of a Class and the issue and redemption of Shares shall be notified by the ICAV immediately (and in any event during the Business Day on which the suspension took place) to the Central Bank and any other competent authority.

  • The Net Asset Value of a Class or Fund shall be calculated by the Administrator in the Base Currency of that Fund to (at least) the nearest two decimal places as at each Valuation Point in accordance with the valuation provisions set out in the Articles and summarised below.

  • In addition to receiving an investment manager fee, the Investment Manager may also receive a performance fee based on the appreciation in the Net Asset Value of a Class.

  • The trigger to apply the Anti-Dilution Levy will be to avoid any effect of the Net Asset Value of a Class, which is calculated to three decimal places (“Calculation of Net Asset Value of Units”).


More Definitions of Net Asset Value of a Class

Net Asset Value of a Class means the amount determined as being the Net Asset Value of a Class for any particular Dealing Day pursuant to Clause 17.00 of this Deed;
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Net Asset Value of a Class means the portion of the Net Asset Value of the Partnership allocable to such Class of Interests.
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Net Asset Value of a Class means the net asset value of a Class calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value"."Net Asset Value of the Fund"means the aggregate Net Asset Value of all the Portfolios."Net Asset Value of a Portfolio"means the net asset value of a Portfolio calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value"."Net Asset Value per Unit"means the net asset value per Unit of a Class calculated in accordance with the provisions of the Trust Deed, as described under "Calculation of Net Asset Value".“Official List”means the Official List of the Irish Stock Exchange.“Option”means a Derivative giving the owner the right to buy (in the case of call-option) or the right to sell (in the case of a put-option) a pre-determined number at a predefined value, during a predefined time period for a pre-agreed price."Portfolios"means any Portfolios established by the Manager from time to time with the approval of the Trustee and of the Central Bank.“Realisation Event”means the occurrence of circumstances when, in the opinion of the Manager in consultation with the Investment Advisor, (a) a significant portion of Illiquid Investments allocated to Side Pocket Units becomes liquid (including, without limitation, when there is a public offering of the securities constituting the Illiquid Investment, which offering the Investment Advisor determines reasonably values the Illiquid Investment); or (b) a significant portion of Illiquid Investments allocated to Side Pocket Units are liquidated, sold or otherwise disposed of by the relevant Portfolio; or (c) a significant portion Illiquid Investments allocated to Side Pocket Units are sold, whether to an individual person or corporation including affiliates of the Manager, or on a secondary market for side pockets, should such a secondary market come into existence."Recognised Market"means any regulated stock exchange or market on which a Portfolio may invest. A list of those stock exchanges or markets is contained in Appendix I.“Redemption Deadline”in respect of a Portfolio, as provided in the relevant Supplement, or such other Business Day as the Manager may determine and notify in advance to Unitholders.
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Related to Net Asset Value of a Class

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Net Asset Value per Unit means the Net Asset Value divided by the number of Units outstanding on the date of calculation.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average Net Assets means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect. The fee is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.

  • Adjusted Investor Interest means, with respect to any date of determination, an amount equal to the sum of (a) the Class A Adjusted Investor Interest and (b) the Class B Adjusted Investor Interest and (c) the Collateral Interest Adjusted Amount.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Current Class A Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph first of Section 4.01(a) on such Distribution Date.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Valuation Amount means, in respect of each Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Sponsor Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Class A Invested Amount means, on any date of determination, an amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class A Certificateholders on or prior to such date, minus (c) the excess, if any, of (i) the aggregate amount of Class A Investor Charge-Offs for all prior Distribution Dates over (ii) Class A Investor Charge-Offs reimbursed pursuant to subsection 4.07(b) prior to such date.

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.

  • Adjusted Pool Amount With respect to any Distribution Date and Loan Group, the Cut-off Date Pool Principal Balance of the Mortgage Loans in such Loan Group minus the sum of (i) all amounts in respect of principal received in respect of the Mortgage Loans in such Loan Group (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (ii) the principal portion of all Realized Losses (other than Debt Service Reductions) incurred on the Mortgage Loans in such Loan Group from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.