RETAIL VALUE Sample Clauses
The RETAIL VALUE clause defines the standard or method for determining the retail price of goods or services referenced in the agreement. Typically, this clause specifies how the retail value is calculated, such as referencing a manufacturer's suggested retail price, prevailing market rates, or a mutually agreed-upon figure. By establishing a clear basis for valuation, the clause ensures consistency in pricing, helps prevent disputes over worth, and provides a transparent reference point for transactions or compensation calculations.
RETAIL VALUE. The term "Retail Value" herein shall mean the aggregate of the item values of the respective items of all the Merchandise. Merchandise shall include all goods owned by Merchant and located at the Stores on the Inventory Date except: (i) goods which Merchant shall have reasonably shown to belong to sublessees, licensees or concessionaires of Merchant or to have been placed in the Stores on consignment; and (ii) furniture, fixtures, equipment and improvements to realty located in the Stores. The ticketed price of any item of Merchandise shall not include any sales or gross receipts taxes. If any item of Merchandise has more than one ticket, the lower retail price shall prevail unless Merchant establishes that such Merchandise was inadvertently priced incorrectly. Merchandise arriving at the Stores following the Start Date ("On Order Merchandise"), shall be valued at the lowest ticketed price less the discount then prevailing in the Stores.
RETAIL VALUE. The term "Retail Value" shall mean the fair market value of the Inventory and each Interval constituting part of the Inventory, as determined by Lender in its sole discretion.
RETAIL VALUE. The term “Retail Value” shall mean the fair market value of the Inventory and each Interval constituting part of the Inventory, as determined by Lender in its sole discretion.
RETAIL VALUE the product of $1.68 multiplied by the number of unsold Vacation Points attributable to Encumbered Timeshare Product, inclusive of any unsold Timeshare Inventory that constitutes Encumbered Timeshare Product and is located in Units that are currently used for on-site sales models, but excluding Units used for alternative purposes such as, for example, office space, storage or conference rooms. Securitization: as defined in the Receivables Loan Agreement. Security Documents: the Mortgage, this Agreement and all other documents now or hereafter securing the Obligations, as they may be from time to time be amended, supplemented or restated. Subordination Agreement: such subordination agreement from a Subordinator subordinating Indebtedness owed to it by Borrower to all or a part of the Obligations, whether delivered on or before the Effective Date or thereafter, as the same may from time to time be amended, supplemented or restated. Subordinated Indebtedness: Indebtedness represented by Guarantor's junior subordinated debentures or such other Indebtedness incurred by Guarantor which is treated as subordinated indebtedness in accordance with GAAP. Subordinator: at any time, a Person (including Big Cedar, L.L.C., a Missouri limited liability company, Bluegreen Vacations Unlimited, Inc., a Florida corporation and Guarantor) then required under the terms of this Agreement to subordinate Indebtedness owed to it by Borrower or a Guarantor to all or any part of the Obligations in accordance with the terms of a Subordination Agreement. Subsequent Increase: as defined in the Receivables Loan Agreement. 12 6284.98.1115736.11 Term: the duration of this Agreement, commencing on the Effective Date and ending when all of the payment Obligations have been Performed (other than the portion of the Obligations that survive repayment of the Note, such as indemnities given under the Loan Documents, which have not accrued prior to the repayment of the Note). Timeshare Association: the Long Creek Timeshare Association. Timeshare Declaration: that certain Amended and Restated Declaration of Condominium for Bluegreen Wilderness Club at Long Creek Ranch, a Condominium, recorded with the Taney County Recorder’s office on July 28, 2008 in Book 2008L, Page 34602, as amended from time to time, which has established the Long Creek Timeshare Program.