Target Net Asset Value definition

Target Net Asset Value shall have the meaning specified in Subsection 2.4.4 hereof.
Sample 1Sample 2Sample 3
Target Net Asset Value has the meaning set forth in Section 1.6(a).
Sample 1Sample 2Sample 3
Target Net Asset Value means US$-1,965,000.
Sample 1Sample 2

Examples of Target Net Asset Value in a sentence

  • If he subsequently redeems prior to or at the end of such performance period when the Net Asset Value per Share at the time of his redemption has decreased (but remains above the relevant Target Net Asset Value per Share) he may be disadvantaged as he could still be required to bear a performance fee calculated on the increase in the Net Asset Value per Share above the relevant Target Net Asset Value per Share.

  • The Target Net Asset Value per Unit corresponds to the previous calendar year end Net Asset Value per Unit multiplied by (1+ the hurdle rate).

  • The performance fee is paid provided that the Net Asset Value per Unit before performance is higher than the Target Net Asset Value per Unit.

  • The Performance Fee will be equal to 20% of the difference between the Net Asset Value per Unit before Performance Fee and the Target Net Asset Value per Unit multiplied by the average number of Units outstanding on each Valuation Day since the beginning of the calendar year.

  • For the avoidance of doubt, in the event that the Target Net Asset Value per Ordinary Share and the Opening NAV is exceeded in respect of a subsequent Performance Period, all accrued but unpaid performance fee(s) in respect of previous Performance Periods will become due and payable.


More Definitions of Target Net Asset Value

Target Net Asset Value means $38,000,000.
Sample 1Sample 2
Target Net Asset Value exceeds the Closing Date Net Asset Value; provided, however, that in the event that the amount by which the Target Net Asset Value exceeds the Closing Date Net Asset Value is less than $250,000, no adjustment shall be made to the principal amount payable under the Promissory Note.
Sample 1Sample 2
Target Net Asset Value shall be $65,900,000, subject to the adjustments described in Section 11.1(f).
Sample 1Sample 2
Target Net Asset Value means (i) in the case of FMC, $138,600,000, including $14,800,000 of cash and (ii) in the case of Harsco L.P.,
Sample 1Sample 2
Target Net Asset Value shall have the meaning ascribed to it in Section 1.5(a). "October 1, 2005 Statement of Indebtedness" shall have the meaning ascribed to it in Section 1.5(b)(ii). "October 1, 2005 Statement of Net Assets" shall have the meaning ascribed to it in Section 2.5.
Sample 1
Target Net Asset Value means £2,611,827;
Sample 1
Target Net Asset Value means $12,844,000.
Sample 1