Unit Net Asset Value definition

Unit Net Asset Value and “Unit NAV” means indicative value for the unit calculated by dividing Net Asset Value by the outstanding number of units;
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Unit Net Asset Value means the Net Asset Value, as calculated by the Management Company on each relevant Calculation Date in accordance with the applicable provisions of the Compartment Regulations, divided by the number of then outstanding Senior Units and rounded to the lowest fourth decimal place.
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Examples of Unit Net Asset Value in a sentence

  • If the Per Unit Net Asset Value of a Fund declines to less than fifty percent (50%) of the Per Unit Net Asset Value of such Fund as of the immediately preceding Valuation Point (a “Decline Date”), the Managing Owner shall send a notice of such decline (a “Decline Notice”) by first class mail, postage prepaid, to each Limited Owner who holds Units in such Fund within seven (7) Business Days following such Decline Date.

  • Notwithstanding any other provision hereof, on each matter submitted to a vote of the Owners of a Fund, each Owner shall be entitled to a proportionate vote based upon the product of the Per Unit Net Asset Value of such Fund multiplied by the number of Units, or fraction thereof, standing in such Owner’s name on the books of such Fund.

  • Exchanges will be calculated at the applicable Funds’ Per Unit Net Asset Value at the Valuation Point on the Exchange Date, and settlement of exchange requests will be completed at such date and time.

  • The Managing Owner will make available to a Limited Owner the Net Asset Value and Notional Net Asset Value and the Per Unit Net Asset Value for each Fund upon request and as and in the manner required under applicable Law, including the CE Act and the regulations promulgated thereunder.

  • For this purpose, the OP Unit Net Asset Value shall be increased, on a Partner by Partner basis, to the extent a Partner is credited with the right to receive distributions of Operating Cash Flow and/or Capital Cash Flow from the Partnership pursuant to Section 8.1 and/or 8.2 hereof, respectively, in respect of any fiscal period, or portion thereof, that were not received in the fiscal year of declaration.

  • Notwithstanding the immediately preceding sentence, allocations of Net Losses among holders of OP Units shall be made in such a way, to the extent possible, as to minimize any differences between the Capital Account pertaining to each OP Unit and the OP Unit Net Asset Value.

  • An allocation pursuant to this Section 7.3(J) shall be made only if and to the extent that such Preference Units would have a Capital Account greater to or less than the OP Unit Net Asset Value after all other allocations provided for in this Section 7 have been made as if this Section 7.3(J) were not in the Agreement.

  • To the extent that a Member chooses a Distribution Rate that is less than the Assumed Distribution Rate, additional Units shall be added to the Member’s Unit holdings (at the Unit Net Asset Value in effect after the 1.5% reduction) to account for the surplus of funds not distributed to such Member.

  • Upon the conversion of Preference Units to OP Units, Net Gains or Net Losses shall be specially allocated to the holders of Preference Units so that, to the extent possible, the Capital Account attributable to each OP Unit issued upon conversion of the Preference Units is equal to the OP Unit Net Asset Value.

  • The result of this calculation will then be added to the original Declared Unit (Net Asset Value) value, yielding the maximum amount of money the Port Authority will pay for the same rental vehicle during the Contract Period.

Related to Unit Net Asset Value

  • 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.

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

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

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

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