Series Net Asset Value per Unit definition

Series Net Asset Value per Unit means in respect of any particular series of Units of a Fund, the portion of the Net Asset Value of the Fund attributed to each Unit of such series determined in accordance with Section 3.4.

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series;

Series Net Asset Value per Unit means the Net Asset Value of a Series divided by the number of Units of a Series outstanding on the date of calculation.

Examples of Series Net Asset Value per Unit in a sentence

• Thereafter, the subscription price per Unit of Units of a Fund purchased pursuant to a subscription will be the Series Net Asset Value per Unit of that series of Unit of that Fund determined on the Valuation Day on which the subscription is accepted, provided it is accepted before the Close of Business on such Valuation Day, or the Valuation Day next following the acceptance of the subscription.

• The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws.

• The Series Net Asset Value per Unit for each series of Units of a Fund for the purpose of the issue, redesignation or redemption of Units shall be calculated on each Valuation Day by or under the authority of the Manager as at such time on every Valuation Day as shall be fixed by the Manager from time to time and the Series Net Asset Value per Unit so determined for each series shall remain in effect until the time as of which the Series Net Asset Value per Unit for that series is next determined.

• 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.

• Such distributions will be applied to purchase Units from the Fund through the issue of new Units at a price per Unit equal to the applicable Series Net Asset Value per Unit on the last business day of each quarter (the “Distribution Date”).

More Definitions of Series Net Asset Value per Unit

Series Net Asset Value per Unit means, in respect of any particular Series of a Pool, the Series Net Asset Value in effect at that time divided by the number of Units of that Series outstanding at such time;

Series Net Asset Value per Unit means the Series Net Asset Value attributable to each Unit in such Series; “SPACs” means publicly-listed North American Special Purpose Acquisition Corporations;

Series Net Asset Value per Unit of the Units of a Series of Units, as of any date, shall equal the applicable Series Net Asset Value divided by the total number of Units of such Series then outstanding on such date, prior to any issuance or redemption of Units of such Series to be processed immediately following such calculation.

Series Net Asset Value per Unit means, in respect of the Units of any particular (qq) “Series” means, on any particular Business Day, the portion of the Net Asset Value

Series Net Asset Value per Unit means, in respect of any particular series of Trust Units, the Series Net Asset Value of such series in effect at that time, divided by the number of Trust Units of such series outstanding at such time;

Series Net Asset Value per Unit means, in respect of the Units of any particular Series on any Valuation Date, the Series Net Asset Value of that Series divided by the number of outstanding Units of that Series on that Valuation Date;

Series Net Asset Value per Unit or “Series NAV per Unit” means, in respect of the Units of any particular series of Units on any particular Business Day, the portion of the NAV of the Trust attributed to each of the Units of such series.