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;
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Starting NAV means the NAV as on the Effective Date.
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Starting NAV means the NAV attributable to the Ordinary Shares on the first day of the relevant Performance Period as reported by the Company;
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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).

  • 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).

  • 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.

  • 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.

  • 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;
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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;
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