Per Unit Price definition

Per Unit Price shall have the meaning set forth in Section 5.2.

Per Unit Price means, (1) for the Initial Drawdown Date and any future Drawdown Dates or Catch-Up Dates (as defined below) where the then-current Per Unit NAV is greater than or equal to $9.70, $10.00, and (2) for any future Drawdown Dates or Catch-Up Dates where the then-current Per Unit NAV is less than $9.70, the greater of (A) Per Unit NAV and (B) $9.50; provided that the Per Unit Price shall be subject to the limitations of Section 23 under the Investment Company Act (which generally prohibits the Fund from issuing Units at a price below the then-current net asset value of the Units as determined within 48 hours, excluding Sundays and holidays, of such issuance, (taking into account any investment valuation adjustments from the latest quarterly valuation date in accordance with the Fund’s valuation policy) subject to certain exceptions). By executing a Subscription Agreement and agreeing to become a Member, each Common Unitholder agrees that it is providing its consent, in accordance with Section 23(b) of the Investment Company Act, for the Fund to issue Units at the offering prices described above even if such offering price is below the then-current Per Unit NAV.

Per Unit Price means $2.15.

Examples of Per Unit Price in a sentence

• Each Drawdown Notice should set forth (i) the Drawdown Date, (ii) the aggregate number of Common Units to be sold to all Common Unitholders on the Drawdown Date and the aggregate purchase price for such Common Units, (iii) the applicable Drawdown Unit Amount, Drawdown Purchase Price and Per Unit Price and (iv) the account to which the Drawdown Purchase Price should be wired.

• Upon payment of the Catch-Up Purchase Price by a Common Unitholder on a Catch-Up Date and payment by other Common Unitholders of the requisite amount, the Fund shall issue to each such Additional Investor a number of Common Units determined by dividing (A) the Catch-Up Purchase Price for such Additional Investor by (B) the Per Unit Price for such Additional Investor as of a Catch-Up Date.

More Definitions of Per Unit Price

Per Unit Price means $65.45.

Per Unit Price means the applicable price per Unit with respect to each Unit to be issued to a Member in exchange for the making of Capital Contributions by such Member pursuant to a Capital Call, as determined in accordance with Schedule 3.2.

Per Unit Price has the meaning set forth in Section 2.2 of this Agreement.

Per Unit Price means a cash purchase price of $1,000 per Purchased Unit.

Per Unit Price means, as of any time, the quotient obtained by dividing the Current Market Price as of such time by the BGC Partners Ratio as of such time.

Per Unit Price has the meaning set forth in Section 2(A).

Per Unit Price means $29.63, as adjusted in accordance with Section 2.01(b) and Section 8.12, as applicable.