Net Asset Value per Interest definition

Net Asset Value per Interest means the Net Asset Value divided by the number of Interests outstanding on the date of calculation.
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Net Asset Value per Interest means the Net Asset Value relating to Interests. “Net Capital Proceeds Portion” has the meaning set forth in Section 5.1(d). “Net Current Income Portion” has the meaning set forth in Section 5.1(b).
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Examples of Net Asset Value per Interest in a sentence

  • Limited Partners may require the Partnership to redeem some or all of their Interest at their Net Asset Value per Interest as of the end of any month on fifteen (15) days’ prior written notice to the General Partner.

  • Each Limited Owner shall be notified of any decline in the estimated Net Asset Value per Interest to less than 50% of the Net Asset Value per Interest as of the last day of the preceding month within seven (7) Business Days of such occurrence.

  • In the event of the withdrawal of the Managing Owner, the Managing Owner shall be entitled to redeem its General Interests at their Net Asset Value per Interest as of the next permissible Redemption Date.

  • Upon request, on any Business Day, the Managing Owner shall make available to any Limited Owner the estimated Net Asset Value per Interest.

  • Each Limited Owner shall be notified of any decline in the Net Asset Value per Interest to less than 50% of the Net Asset Value per Interest as of the last day of the preceding Fiscal Quarter within seven (7) Business Days of such occurrence.

  • Upon request, on any Business Day, the Managing Owner shall make available to any Limited Owner the Net Asset Value per Interest.

  • If the right of redemption is suspended, a Holder may either withdraw his or her request for redemption or receive payment based on the Net Asset Value per Interest next determined after the suspension terminates.

  • The Trustees may delegate the power and duty to determine Net Asset Value per Interest to one or more Trustees or officers of the Company or to a custodian, depository or other agent appointed for such purpose.

  • During the Continuous Offering Period, each newly admitted Limited Owner, and each existing Limited Owner that makes an additional Capital Contribution, shall receive Limited Interests in an amount equal to such Capital Contribution or additional Capital Contribution, as the case may be, divided by the Net Asset Value per Interest calculated as of the close of business on the last day of the calendar month in which such contributions were made.

  • As required under the 1940 Act, each Holder shall have the right at such times as may be determined by the Trustees to require the Series to redeem all or any part of his or her Interests at a redemption price per Interest equal to the Net Asset Value per Interest at such time as the Trustees shall have prescribed by resolution, less any applicable charges or sales loads.

Related to Net Asset Value per Interest

  • Net Asset Value per Unit means the Net Asset Value divided by the number of Units outstanding on the date of calculation.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Book Value Per Share is the Bank’s equity capital (excluding FAS 115 and FAS 158 adjustment and Extraordinary Items) at the end of the Plan Year divided by the Plan’s number of Phantom shares of one million three hundred sixty thousand (1,360,000).