Net Asset Value per Unit definition

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 per Unit means, for each Class of Partnership Unit, the net asset value per unit of such Class of Partnership Unit, determined as of the last business day of each month as described in the Prospectus.

Net Asset Value per Unit means, in respect of a class of Units, the Net Asset Value of the Fund allocated to the Units of such class, divided by the total number of Units of such class outstanding, on the date on which the calculation is being made.

Examples of Net Asset Value per Unit in a sentence

• Applicable NAV is the Net Asset Value per Unit at the close of the Business Day on which a valid application is accepted and time stamped.

• For all other Partnerships, Units are being offered on a continuous basis as of the first day of each month at the final Net Asset Value per Unit (as defined in each Partnership’s Limited Partnership Agreement) as of the last day of the immediately preceding month.

• The procedures and methodology for calculating the Net Asset Value per Unit are summarized below.

• The Management Company is responsible for ensuring that the Net Asset Value and Net Asset Value per Unit are calculated and published or otherwise made available to Unitholders.

• The application and redemption facility is designed to reduce the likelihood of Units trading at a significant discount or premium to the Net Asset Value per Unit.

More Definitions of Net Asset Value per Unit

Net Asset Value per Unit means the Net Asset Value divided by the total number of Units outstanding on any Valuation Date.

Net Asset Value per Unit means the Net Asset Value allocated to capital accounts represented by Units of Limited Partnership Interest of a Class divided by the aggregate number of Units of Limited Partnership Interest of such Class.

Net Asset Value per Unit is the amount determined from time to time in accordance with Section 3.5 hereof;

Net Asset Value per Unit means, for each Class or Series of Partnership Unit, the net asset value per unit of such Class or Series of Partnership Unit most recently determined in accordance with the Valuation Procedures and in this Agreement.

Net Asset Value per Unit means the net asset value per Unit of the relevant Fund calculated in accordance with the provisions set out under “Calculation of Net Asset Value”;

Net Asset Value per Unit means, in respect of a class of Units, the NAV of the Partnership allocated to the Units of such class divided by the number of Units of such class outstanding at the time the calculation is made, it being assumed that the NAV for each of the NC-A, BC-A, QC-A, NC-F, BC-F and QC-F Units will be different based on the portfolio allocations.

Net Asset Value per Unit shall be determined by dividing the Net Asset Value of the Trust on a Valuation Date by the total number of Units then outstanding on such Valuation Date. The Net Asset Value of the Trust as at the Valuation Time on a Valuation Date shall be determined in accordance with the following: