Net Assets per Unit definition

Net Assets per Unit means the net assets of the Fund on a per Unit basis, calculated similarly to the calculation of the Net Asset Value per Unit except that any Senior Loans, Second Lien Loans, bonds, debentures and other debt obligations that are owned by the Fund will be valued by taking the bid price on the Valuation Date, and any equity securities owned by the Fund will be valued at the weighted average trading price over the last three Business Days of the month in which the Annual Redemption Date occurs, calculated on a fully diluted basis, if applicable.
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Examples of Net Assets per Unit in a sentence

  • The table below provides a comparison of Net Assets per Unit under IFRS and Transactional NAV per Unit.

  • The table below provides a reconciliation of Net Assets per Unit under IFRS and Transactional NAV per Unit.

  • Subscription Fee The subscription fee per unit will be the amount obtained by multiplying the Net Assets per Unit (as Disclosed on the Trustee’s website) as of the Business Day following the Subscription Acceptance Date by the rate to be individually specified by each Sales Company.* Such fee includes the amount equivalent to the consumption tax and other charges.

  • If any Material Change in Trust is to be made in respect of the Trust, a Beneficiary who may suffer damage due to such change (provided, however, that if such change is change in the purpose of the trust or change in trust related to the restrictions on the transfer of beneficial interests, the Beneficiary is not required to have the possibility of suffering damage) may request the Trustee to purchase the Beneficial Interests held by it at the Net Assets per Unit (as Disclosed on the Trustee’s website).

  • The amount obtained by multiplying the Net Assets per Unit (as Disclosed on the Trustee’s website) as of the first Business Day following the subscription receipt date by the rate to be individually specified by each sales company*.

  • Deviation of Trading Prices on Financial Instruments Markets from the Total Net Assets (as Disclosed on the Trustee’s website) ・The Beneficial Interest may be traded on the financial instruments markets at a price higher or lower than the Net Assets per Unit (as Disclosed on the Trustee’s website).

  • In addition, the Net Assets per Unit (as Disclosed on the Trustee’s website) calculated and published by the Trustee, which are computed based on the results of precious metals transactions on the calculation date, do not represent the value of the Beneficial Interest per unit as of the time at which it is actually traded on the financial instruments markets.

  • If any Non-Minor Change in Trust is to be made, only those Beneficiaries who stated their objections to the Trustee within the specific period as set forth above may request the Trustee to purchase the Beneficial Interests held by them at the Net Assets per Unit (as Disclosed on the Trustee’s website) as of the Business Day immediately following the last day of such period.

  • Net Assets per Unit (as Disclosed on the Trustee’s website)** as of the first Business Day (days other than the non-business days of the Financial Instruments Exchanges which the Beneficial Interests are listed.

  • The Net Assets per Unit for financial reporting purposes and Net Asset Value per Unit for pricing purposes will not be the same due to the use of different valuation techniques.

Related to Net Assets per Unit

  • Net Asset Value per Unit means the Net Asset Value of a Fund divided by the number of Units of a Fund 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.

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

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments: