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 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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Examples of Starting NAV in a sentence

  • 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.

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

  • Semi-annual Incentive Fee Starting NAV Initially zero, but after each Semi-annual Incentive Management Fee, the value will be reset to the Adjusted Monthly Series NAV less the sum of administrative expenses, all management fees (base and incentive) and distributions in respect of the Athena Series 2008-1 Notes paid at the time of such payment.

  • Semi-annual Base Hurdle Return Amount: An amount equal to a 10% annual rate (computed on a 30/360 basis over the Semi-annual Calculation Period) of the Semi- annual Incentive Fee Starting NAV.

  • Moreover, the calculation of the Starting NAV, the Maturity NAV and the Benchmark Portfolio NAV will be based on the closing prices on the TSX.

  • 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 Notes have not been redeemed by the Bank at the Early Redemption Day (as defined below), each holder of Notes (each a “Holder” and, collectively, the “Holders”) will receive on the Maturity Date, in respect of each Note held by such Holder, an amount equal to the greater of: (a) the Principal Amount, and (b) the Principal Amount multiplied by the quotient of the Maturity NAV (as defined below) over the Starting NAV (as defined below).

  • Starting NAV for Q1 2014 was $14.92 which represents the IPO price of $15.00 per share less IPO costs of $0.08 per share.American Capital Senior Floating, Ltd.May 4, 2015Page 8 SHAREHOLDER CALLACSF invites shareholders, prospective shareholders and analysts to attend the ACSF shareholder call on May 5, 2015 at 11:00 am ET.

  • 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).


More Definitions of Starting NAV

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
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

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;

  • 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 has the meaning set forth in Section 9.01(i)(ii).

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Class A-4 Final Scheduled Distribution Date means January 17, 2023.

  • 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 (i) the Class A-1 Notes, the February 8, 2017 Distribution Date, (ii) the Class A-2-A Notes, the June 10, 2019 Distribution Date, (iii) the Class A-2-B Notes, the June 10, 2019 Distribution Date, (iv) the Class A-3 Notes, the October 8, 2020 Distribution Date, (v) the Class B Notes, the March 8, 2021 Distribution Date, (vi) the Class C Notes, the January 10, 2022 Distribution Date, (vii) the Class D Notes, the February 8, 2022 Distribution Date and (viii) the Class E Notes, the September 8, 2023 Distribution Date.

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

  • Start-up Period means up to 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.

  • 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;

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • 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;

  • (1) ELIGIBLE ENTITY.—The term eligible entity’ means—

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.