Starting NAV definition

Starting NAV means the net asset value per unit of the Benchmark Portfolio on the Starting Date, as calculated by the Calculation Agent acting in good faith and according to industry practice. The Starting NAV will initially be set at 1,000 as of the first issuance date of Notes;
Sample 1Sample 2
Starting NAV means the NAV as on the Effective Date.
Sample 1Sample 2
Starting NAV means the NAV attributable to the Ordinary Shares on the first day of the relevant Performance Period as reported by the Company;
Sample 1

Examples of Starting NAV in a sentence

  • The Advisor will then divide the resulting amount by the Starting NAV for such class (or, if the Base NAV for such class is used as the Starting NAV pursuant to the preceding sentence, the Base NAV for such class) to calculate the total return per share for such class, expressed as a percentage.

  • If the total return per share for such class exceeds 6% and the Ending NAV for such class is greater than the Base NAV for such class, then the Performance Fee is calculated by multiplying the excess percentage (the percentage above 6%) by 25%, and then multiplying the resulting amount by the Starting NAV for such class (or, if the Base NAV for such class is used as the Starting NAV in the total return calculation for such class, the Base NAV for such class).

  • Where:PF is the performance fee, if any, payable to the Investment Manager;A is the Adjusted NAV per Share on the last day of the Performance Period;B is an amount equal to the Starting NAV per Share adjusted by the percentage total return of the MSCI India IMI (in Sterling) over the Performance Period.

  • For each class of shares, the per share amount that results in a 5% annualized rate of return for the year, calculated using the Starting NAV of such class, multiplied by the weighted average number of shares of such class for the year, and taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such shares, and calculated in accordance with recognized industry practices.

  • For each class of shares, a percentage equal to the sum of: (i) the cumulative distributions per share accrued or paid (without duplication) for such class for the year plus (ii) the change in NAV per share of such class from the Starting NAV to the Ending NAV, divided by the Starting NAV.

  • For each class of shares, the Per Share Total Return multiplied by: (i) the Starting NAV, and (ii) the weighted average number of shares of such class outstanding during the year (to reflect share issuances and/or share redemptions during the year).

  • In Australia, intellectual property is divided into distinct categories, which are each afforded different types of legal protection.

  • The Advisor will begin the Performance Fee calculation for each share class with respect to each calendar year by taking the sum of (i) the Ending NAV for such class and (ii) the cumulative distributions per share for such class for the year, and then (iii) subtracting the Starting NAV per share for such class; provided, however, that if the Starting NAV for such class is less than the Base NAV for such class, the Base NAV shall be used as the Starting NAV for purposes of this calculation for such class.

  • Issuer:National Bank of Canada (the “Bank”).Agent:National Bank Financial (“NBF” or the “Agent”).Issue Price:CA$ 100.00 per Note.Minimum Amount:CA$ 2,000.00 per client.Issue Date:July 28, 2006Maturity Date:July 29, 2013 For each Reference Portfolio, the Starting NAV will be set at 1,000.

  • If the total return per share for such class exceeds 6% and the Ending NAV for such class is greater than the Base NAV for such class, then the Performance Fee is calculated by multiplying the excess percentage (the percentage above 6%) by 25.0%, and then multiplying the resulting amount by the Starting NAV for such class (or, if the Base NAV for such class is used as the Starting NAV in the total return calculation for such class, the Base NAV for such class).


More Definitions of Starting NAV

Starting NAV means an amount equal to the net proceeds of the issuance of Notes divided by the number of Notes issued on the Issuance Date, i.e. $96.50;
Sample 1
Starting NAV means the net asset value per unit of the Benchmark Portfolio on the Issuance Date, as calculated by the Calculation Agent acting in good faith and according to industry practice;
Sample 1

Related to Starting NAV

  • Starting Date means the date referred to in Clause 3.3 hereof;

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Starting Price means the closing price of a share of United Common Stock on the NASDAQ (as reported in The Wall Street Journal, or if not reported therein, in another authoritative source) on the Starting Date.

  • Class A-3 Final Scheduled Distribution Date means the Distribution Date.

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Class A-4 Final Scheduled Distribution Date means February 15, 2024.

  • Annuity Commencement Date is the first day of the month an annuity begins under this contract. This date may not be later than the date a Participant's periodic benefits are required to commence under the Code.

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Final Scheduled Distribution Date means, with respect to the Class A-1 Notes, the Distribution Date in [_______]; with respect to the Class A-2 Notes, the Distribution Date in [_______]; with respect to the Class A-3 Notes, the Distribution Date in [_______]; with respect to the Class B Notes, the Distribution Date in [_______]; with respect to the Class C Certificates, the Distribution Date in [_______]; and with respect to the Class D Certificates, the Distribution Date in [_______].

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • designated sporting event generally means any association football match, whether national or international. The full legal definition of the different classes of designated sporting events may be found in the Sports Grounds and Sporting Events (Designation) (Amendment) Order 2011, under Article 2(1) and 2(2) of Schedule 2.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Quarterly Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

  • Expected date of birth means the day certified by a medical practitioner to be the day on which the medical practitioner expects the employee or the employee's partner, as the case may be, to give birth to a child;

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • NERC Interchange Distribution Calculator means the NERC mechanism that is in effect and being used to calculate the distribution of energy, over specific transmission interfaces, from energy transactions.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Three-dimensional reference system means a system as described in Appendix 2 to this annex;

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.