Total NAV definition

Total NAV means the sum of the products, for each of Class A Shares, Class B Shares, Class C Shares and Class D Shares at the time of determination, of the NAV Per Share for each Class and the Shares Outstanding of such Class at such time.
Sample 1Sample 2Sample 3
Total NAV has the meaning provided in Section 2.6(g).
Sample 1Sample 2Sample 3
Total NAV has the meaning provided in SECTION 2.6(F).
Sample 1

Examples of Total NAV in a sentence

  • Such Daily Report shall specify whether any portion of the Total NAV has been determined pursuant to fair value pricing, identifying the particular portfolio security or securities that were valued using fair value pricing and the procedures used to make such determination.

  • Total NAV of Registrant's/Series' share sales during the period subject to a sales load (000's omitted) $ 6,050 (Note: 28H is the total of six months and must be less than of equal to 28G1 + 28g2 + 28G3) SCREEN NUMBER: 17 This page being filed for series 19.

  • Strong Pro Forma Collateral Coverage $517 $517 $441 $441 $299 $1,305 3/31/12 1P PV-10% (NYMEX) Enterprise Value (1) Total NAV (based on undeveloped acreage) $1,773 $958 $2,562 Coverage Proved Undeveloped Proved Developed 2.3x 6.1x 4.2x Residual Eureka Hunter Value (2) Total Undeveloped Acreage Value (3) Pro-forma Net Debt: $418.9 MM ($ in millions) Note: Refer to pages 54 and 55 for corresponding footnotes.

  • Prior to 11:00 a.m. (Eastern time) on the Inception Date, the Fund shall deliver to the Bank a notice showing the following, in each case as of the close of business on the Transition Date: (i) the Total NAV for each Class of Shares, and (ii) the number of issued and outstanding shares of each Class of Shares.

  • Strong Pro Forma Collateral Coverage $517 $517 $441 $797 $441 $299 $1,305 $991 3/31/12 1P PV-10% (NYMEX) Enterprise Value Total NAV (based on undeveloped acreage) $1,789 $958 $2,562 Coverage Proved Undeveloped Proved Developed 2.3x 6.1x 4.3x Residual Eureka Hunter Value (2) Total Undeveloped Acreage Value (3) Pro-forma Net Debt: $418.9 MM ($ in millions) Note: Refer to pages 54 and 55 for corresponding footnotes.

  • Cash and Cash Equivalents shall not exceed 3% of the Fund's Total NAV on any Exchange Business Day other than in the case of Cash received by the Fund as a result of U.S. Zeroes maturing.

  • Total NAV Total NAV Total NAV of Shares of Shares Total NAV of Shares Sold: New Sold: Reinv.


More Definitions of Total NAV

Total NAV has the meaning provided in Section 2.6(g). --------- --------------
Sample 1
Total NAV means with respect to each Class of Shares at the time of determination, (i) the product of the published net asset value per Share for such Class and the number of Shares of such Class outstanding at such time if the determination is made as of the close of business on any Business Day and (ii) if the determination is made at any time other than the close of business on any Business Day, Total NAV shall mean the Total NAV (as determined in accordance with subsection (i) above) as of the close of business on the immediately preceding Business Day, adjusted to reflect any difference in the Market Value of the Fund's portfolio securities at the time of such determination compared to the Market Value of such securities at the close of business on such prior Business Day and taking into account any purchases and sales of portfolio securities effected as of the time that the determination is made. The assets, income, gain, loss, expenses and liabilities (other than those expenses and liabilities relating specifically to a Class of Shares which shall be allocated solely to such Class) of the Fund shall be allocated to each Class of Shares of the Fund at each time of determination on a pro rata basis based on the Total NAV of such Class of Shares as determined as of the close of business on the preceding Business Day. "TOTAL NAV" means, when used with respect to the Fund rather than a particular Class of Shares, the sum of the Total NAV for all Classes of Shares at the time in question.
Sample 1
Total NAV means, when used with respect to the Fund rather than a particular Class of Shares, the sum of the Total NAV for all Classes of Shares at the time in question.
Sample 1
Total NAV has the meaning set forth in SECTION 2.6(F); PV = the product of (i) the Adjusted Discount Factor and (ii) the Protected Amount, in each case with respect to the relevant Class; where, Adjusted Discount Factor = with respect to each Class of Shares, means the following quotient as determined by the Calculation Agent in a commercially reasonable manner and communicated to the Adviser prior to 4:00 p.m. (Eastern time) on each Exchange Business Day (and if not so communicated, the Adjusted Discount Factor last communicated to the Adviser by the Calculation Agent): (i) the present value discount factor representing the theoretical price, expressed as a percentage of par, of a theoretical zero coupon bond maturing on the Maturity Date, the yield of which is consistent with USD LIBOR and USD swap rates as of the date of determination and (ii) an amount, based on the Total Fees of the relevant Class and the time (in years) remaining to the Maturity Date, determined by the Calculation Agent as follows: / Total Fees /^365 x 1 /1 - ---------- / / 365 / Total Fees = maximum expense ratio of that Class of Shares on an annual basis permitted by the Expense Limitation Agreement assuming a Permanent Defeasance Event has occurred (excluding extraordinary Fund expenses (as defined in the Expense Limitation Agreement)); Cushion = 0.225, as adjusted pursuant to SECTIONS 3.3(C), 3.4(D) AND 4.1(C); t = the time, in years, remaining until the Maturity Date.
Sample 1

Related to Total NAV

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but:

  • Consolidated Total Capitalization means, at any date, the sum of Consolidated Debt and Consolidated Net Worth, each determined as of such date.

  • Total Equity as of any date, means the total equity attributable to the Company’s shareholders on a consolidated basis determined in accordance with U.S. GAAP, as shown on the consolidated balance sheet of the Company for the most recent fiscal quarter.

  • Total Net Funded Debt means, as at any relevant date:

  • Consolidated Total Net Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed money, purchase money indebtedness, Attributable Indebtedness, and debt obligations evidenced by promissory notes, bonds, debentures, loan agreements or similar instruments, minus the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date; provided that Consolidated Total Net Debt shall not include Indebtedness (i) in respect of letters of credit (including Letters of Credit), except to the extent of unreimbursed amounts thereunder; provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Net Debt until three Business Days after such amount is drawn, (ii) for the avoidance of doubt, Non-Financing Lease Obligations and (iii) of Unrestricted Subsidiaries; it being understood, for the avoidance of doubt, that obligations under Swap Contracts do not constitute Consolidated Total Net Debt.

  • Total Capitalization means, at any date, the sum (without duplication) of (i) the consolidated stockholders’ equity of the Borrower and its Consolidated Subsidiaries plus (ii) the net amount of Convertible Preferred Stock as reflected in the consolidated statements of financial position of the Borrower and its Consolidated Subsidiaries plus (iii) Total Finance Liabilities, all determined as of such date.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Shareholders’ Equity means the total shareholders' equity of a Person as determined in accordance with GAAP (calculated excluding unrealized gains (losses) of securities as determined in accordance with FASB 115).

  • Total Capital means Retained Earnings, the amount paid-in for Capital Stock, the amount of any general allowance for losses, and the amount of other instruments that the FHFA has determined to be available to absorb losses incurred by the Bank.

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Shareholders’ Equity means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

  • Total Investment means the sum of the aggregate Capital Contributions made by a Member.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Total risk-based capital ratio means the Total Risk-Based Capital Ratio determined in accordance with the rules and regulations of the appropriate Regulatory Authority as from time to time in effect, and any successor or other regulation or official interpretation of said Regulatory Authority relating thereto.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.