Target Net Asset Value definition

Target Net Asset Value shall have the meaning specified in Subsection 2.4.4 hereof.
Target Net Asset Value has the meaning set forth in Section 1.6(a).
Target Net Asset Value means $38,000,000.

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

  • 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.

  • 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.


More Definitions of Target Net Asset Value

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.,
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 $250,000, no adjustment shall be made to the principal amount payable under the Promissory Note.
Target Net Asset Value means US$-1,965,000.
Target Net Asset Value shall be $65,900,000, subject to the adjustments described in Section 11.1(f).
Target Net Asset Value means $17,504,000, which the parties hereto acknowledge based upon the amounts set forth in the Seller’s financial statements is the Net Tangible Asset Value as of September 30, 2002. Such Purchase Price adjustment shall be paid as set forth in Section 2.2(b) and (e) below.
Target Net Asset Value shall equal $199,715,000 as reflected as "Net Equity" on the Nonwoven Balance Sheet.
Target Net Asset Value means $53,552,757.00.