Per Unit Net Asset Value definition

Per Unit Net Asset Value means the Net Asset Value of a Fund per Unit of such Fund and, as of any time, shall be equal to (a) the Net Asset Value of such Fund as of such time divided by (b) the number of Units of such Fund issued and outstanding as of such time.
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Examples of Per Unit Net Asset Value in a sentence

  • If the Per Unit Net Asset Value of a Fund declines to less than fifty percent (50%) of the Per Unit Net Asset Value of such Fund as of the immediately preceding Valuation Point (a “Decline Date”), the Managing Owner shall send a notice of such decline (a “Decline Notice”) by first class mail, postage prepaid, to each Limited Owner who holds Units in such Fund within seven (7) Business Days following such Decline Date.

  • Notwithstanding any other provision hereof, on each matter submitted to a vote of the Owners of a Fund, each Owner shall be entitled to a proportionate vote based upon the product of the Per Unit Net Asset Value of such Fund multiplied by the number of Units, or fraction thereof, standing in such Owner’s name on the books of such Fund.

  • Exchanges will be calculated at the applicable Funds’ Per Unit Net Asset Value at the Valuation Point on the Exchange Date, and settlement of exchange requests will be completed at such date and time.

  • The Managing Owner will make available to a Limited Owner the Net Asset Value and Notional Net Asset Value and the Per Unit Net Asset Value for each Fund upon request and as and in the manner required under applicable Law, including the CE Act and the regulations promulgated thereunder.