Initial Value has the meaning set forth in Section 1.76(a). Percent or "percentage" means the percentage by weight. Rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes Net Asset Value per Share means the Net Asset Value of a Fund divided by the The Board is authorized to adopt another fair market value pricing method, provided such method is in compliance with the fair market value pricing rules set forth in Section 409A of the Code. If there is no regular public trading market for the Shares, the Market Value Per Share of the Shares shall be the fair market value of the Shares as determined in good faith by the Board. If the Shares are not traded as of any given date, the Market Value Per Share means the closing price for the Shares on the principal exchange on which the Shares are traded for the immediately preceding date on which the Shares were traded. Market Value per Share means as of any particular date the closing sale price of a Share as reported on the Nasdaq Stock Market or, if not listed on such exchange, on any other national securities exchange on which the Shares are listed.
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