Examples of Series Net Asset Value in a sentence
The Trustee shall allocate each amount so payable among the Series of Units of the Fund in a manner considered by the Trustee to be equitable to all Participants having regard to the Series Expenses and Series Net Asset Value of each Series.
If a day is not also a Valuation Day, the Series Net Asset Value as of the most recent Valuation Day shall be used for the purposes of calculating the daily administration fee on such day.
Units will be offered at the Series Net Asset Value per Unit calculated as of the applicable Valuation Date.
As of each business day, the Manager shall be entitled to an administration fee in respect of each series of a Fund payable by the Fund, equal to a percentage of the Series Net Asset Value, on such day as determined in accordance with the terms of Section 3.4, before taking into account the administration fee for such day.
The proceeds per Unit payable on redemption determined on the applicable Valuation Day will equal the Series Net Asset Value per Unit on the Valuation Day as determined above.