Reference Net Asset Value definition

Reference Net Asset Value means, on each Valuation Date, the Net Asset Value of the relevant Unit class, calculated on that Valuation Date, increased by the accumulated variable management fee (if any) and distributions (dividends), if any, during the relevant Calculation Period.

Reference Net Asset Value means, on each Valuation Date, the Net Asset Value of the relevant Unit class, calculated on that Valuation Date, minus any fees and charges and before any additional variable management fee is applied, and plus any distributions (dividends) during the relevant Calculation Period.

Reference Net Asset Value means, on each Valuation Date, the Net Asset Value of the relevant Unit class, calculated on that Valuation Date, net of all costs other than the accumulated variable management fee (if any), plus distributions (dividends), if any, during the relevant Calculation Period.

Examples of Reference Net Asset Value in a sentence

• Under the high water mark principle, if there is an under-performance for a given period, this under-performance will be taken into consideration, which means that the Reference Net Asset Value of the Class will be maintained, until a performance of the Net Asset Value per Share of the Class is recorded.

• Under the high water mark principle, if there is an under-performance for a given period, this underperformance will be taken into consideration, which means that the Reference Net Asset Value of the Class will be maintained, until a performance of the Net Asset Value per Share of the Class is recorded.

• If the Closing Net Asset Value is less than the Reference Net Asset Value, then the Sellers shall pay to Buyer the difference between the two amounts, taking into account the amounts already deducted from or added to the Purchase Price according to Section 5.01(a)(i) or (ii) above.

• There is a performance of the Net Asset Value per Share of the Class if there is an increase in the Net Asset Value per Share of the Class compared to the highest Net Asset Value per Share ever previously achieved for this Class ("Reference Net Asset Value", i.e. the last Net Asset Value on which a performance fee has been booked or the Initial Subscription Price for new Classes of Shares).

• Performance fee calculation method: • During the reference period: - If the Sub-Fund’s Net Asset Value is greater than Reference Net Asset Value, the variable portion of performance fees will represent 15% of the performance of the Net Asset Value per Share of the Class.

More Definitions of Reference Net Asset Value

Reference Net Asset Value means an agreed upon amount for the Net Asset Value of the Business, which the parties agree is equal to One Hundred Three Million Seven Hundred Forty-Two Thousand Dollars ($103,742,000).

Reference Net Asset Value means $208,337,000, such amount being equal to the dollar amount of the total assets of the Business (other than Excluded Assets), as reflected on the Reference Balance Sheet, less the dollar amount of the total liabilities of the Business (other than Excluded Liabilities), as reflected on the Reference Balance Sheet.

Reference Net Asset Value shall have the meaning as described in Section 9.1(a);

Reference Net Asset Value means $6,000,000.

Reference Net Asset Value means, on each Valuation Date, the Net Asset Value of the relevant Unit Class, calculated on that Valuation Date, deducted all the fees and expenses and before the application of the accumulated variable management fee (if any) and increased by distributions (dividends), if any, during the relevant Calculation Period.

Reference Net Asset Value means the greater of (a) US$120,000,000 and (b) the book value of the assets and properties (including net fixed assets), excluding cash and cash equivalents, of the Smart Shirts Entities over the book value of the liabilities, excluding Debt, of the Smart Shirts Entities as of the applicable fiscal month-end for December 2007 determined in accordance with GAAP, calculated on a basis consistent with the preparation of the Interim Financial Statements and taking into account the transfer of the US Target Assets and Assumed Liabilities pursuant to this Agreement.

Reference Net Asset Value has the meaning specified in Section 2.08.