VALUATION BASIS Sample Clauses

The VALUATION BASIS clause defines the method or standard used to determine the value of assets, property, or interests covered by the agreement. Typically, it specifies whether values are calculated based on market value, replacement cost, book value, or another metric, and may outline the timing and process for such valuations. This clause ensures that all parties have a clear and consistent understanding of how valuations will be performed, reducing disputes and providing certainty in financial or insurance arrangements.
VALUATION BASIS. The State will ensure that notwithstanding the provisions of any Act or anything done or purported to be done under any Act the valuation of all land (whether of a freehold or leasehold nature) the subject of this Agreement (except any part upon which for the time being a permanent residence is erected or which for the time being is occupied in connection with that residence and except also any part upon which for the time being there stands any improvements that are used in connection with a commercial undertaking not directly connected with the operations of the Joint Venturers under this Agreement) will for rating purposes be deemed to be on the unimproved value thereof and no such land will be subject to any discriminatory rate but the Joint Venturers will be at liberty should they so desire to make the election provided for by Section 533B of the Local Government Act 1960. SECTION 12.01 IMPLEMENTATION OF PROPOSALS The Joint Venturers will within four (4) years next following the date on which all the said proposals required to be submitted pursuant to Section 5.02 have become approved proposals at a cost of not less than sixty million dollars ($60,000,000) construct install provide and do all things necessary to enable them to mine from the mineral lease to transport by rail to the Joint Venturers’ wharf and to commence shipment therefrom in commercial quantities at an annual rate of not less than one million (1,000,000) tons of iron ore and without lessening the generality of this provision the Joint Venturers shall within the aforesaid period or extended period as the case may be — (a) construct install and provide upon the mineral lease or in the vicinity thereof or at the port (as the case may be) mining plant and equipment crushing screening stockpiling and car loading plant and facilities power house workshop and other things of a design and capacity adequate to enable the Joint Venturers to meet and discharge their obligations hereunder and to mine handle load and deal with not less than three thousand (3,000) tons of iron ore per diem such capacity to be built up progressively to not less than ten thousand (10,000) tons of iron ore per diem within three (3) years next following the export date; (b) actually commence to mine transport by rail and ship from the Joint Venturers’ wharf iron ore from the mineral lease so that the average annual rate during the first two years after export date shall not be less than one million (1,000,000) tons.
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VALUATION BASIS. Asset Rebalancing is based on the Investment values as of the close of the prior Business Day. Market movement on the date of rebalancing is not reflected in the rebalancing transaction. As a result, after a rebalancing transaction is made, the variance at the close of the Business Day on the date of rebalancing may exceed the tolerance you have specified and necessitate another rebalancing on the next Business Day.
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VALUATION BASIS. The parties expressly agree that the valuation shall be based solely on Financial Terms in the Future Agreement (including any other agreements which relate or refer to the Future Agreement) as compared solely to financial terms in this Agreement.
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VALUATION BASIS. The purchase consideration for 51% of the equity interest of Holding Company is USD$10,200,000, valued at five times of 51% of the anticipated future annual net profit of Holding Company whereas Holding Company guarantees to generate annual net profit of USD$4,000,000, and provides for an adjustment to the purchase price in the event that Holding Company does not achieve an annual net profit of $4,000,000 during fiscal year 2006. The purchase consideration is payable 35% in cash and 65% in restricted shares of PACT, equivalent to 825,000 restricted PACT shares valued at USD$8 per share. The purchase price is payable upon achievement of certain quarterly earn-out targets based on net profits as set out in Table 1. 3.1.1 Cash Payment for the Purchaser to purchase the Sale Shares (the "Sale Shares", defined as 12,850 ordinary shares) from the Seller: USD$2,100,000 payable to the Seller via company check or wire transfer according to the following payment schedule: (i) USD$775,000 within 15 days after the completion as defined in Clause 5 of this agreement. (ii) USD$ 700,000 within 30 days after the success completion of the US GAAP Audited Financial Report for Fiscal Year ended December 31, 2005 by an independent US CPA designated by the Purchaser, (iii) USD$625,000 within 30 days after the success completion of the US GAAP Audited Financial Report for First Quarter ended March 31, 2006 by an independent US CPA designated by the Purchaser. 3.1.2 Stock Payment: USD$6,600,000 payable in PACT Shares, equivalent to 825,000 Restricted PACT Shares (the "Escrow Shares") based on a valuation of USD$8 per PACT share, payable to Seller or their nominee(s) in accordance with the following: o Within 30 days of the signing of this agreement, PURCHASER shall deliver to the Escrow Agent (designated by the Purchaser) the Escrow Shares, to be held under the terms of an escrow agreement to be entered into with the Escrow Agent. The Share Release schedule for Stock Payment for Sales Shares is illustrated in Table 1. o In exchange, Seller will transfer to the Purchaser 12,850 ordinary shares (the "Sale Shares") of the Holding Company, the Holding Company will issue 5,000 new ordinary subscription shares to the Purchaser. 3.1.3 Cash Payment: USD$1,500,000 (approximately RMB 12,060,000 using exchange rate of 1USD= 8.04 RMB) payable to the Holding Company for the Subscription Shares after the Completion as defined in Clause 5 of this Agreement, according to the following schedule:U...
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VALUATION BASIS. The Valuation Basis for the Equipment or any Unit shall be the amount set forth as such on its Lease Schedule. Such amount shall be the vendor's invoice cost, but if the invoice cost is unavailable for each Unit, it shall be the list price. The Valuation Ratio of a Unit is its proportional value used to determine certain amounts due hereunder and shall be the Valuation Basis of such Unit divided by the Valuation Basis of the Equipment.
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VALUATION BASIS. The State will ensure that notwithstanding the provisions of any Act or anything done or purported to be done under any Act the valuation of all land (whether of a freehold or leasehold nature) the subject of this Agreement (except any part upon which for the time being a permanent residence is erected or which for the time being is occupied in connection with that residence and except also any part upon which for the time being there stands any improvements that are used in connection with a commercial undertaking not directly connected with the operations of the Joint Venturers under this Agreement) will for rating purposes be deemed to be on the unimproved value thereof and no such land will be subject to any discriminatory rate but the Joint Venturers will be at liberty should they so desire to make the election provided for by Section 533B of the Local Government ▇▇▇ ▇▇▇▇. SECTION 12.01 IMPLEMENTATION OF PROPOSALS The Joint (a) construct install and provide upon the mineral lease or in the vicinity thereof or at the port (as the case may be) mining plant and equipment crushing screening stockpiling and car loading plant and facilities power house workshop and other things of a design and capacity adequate to enable the Joint Venturers to Compare 07 Nov 2003 [01-a0-04] / 28 Jun 2010 [01-b0-01] page 29
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Related to VALUATION BASIS

  • Valuation The Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company’s internal valuation and no warranties are made as to value. The Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber’s investment will bear a lower valuation.

  • Valuation Date The value of the Collateral shall be determined on the date of the Buy-In (or the payment made pursuant to Section 6.2 below).

  • VALUATION PERIOD Each Division will be valued at the end of each Valuation Period on a Valuation Date. A Valuation Period is each Business Day together with any non-Business Days before it. A Business Day is any day the New York Stock Exchange (NYSE) is open for trading, and the SEC requires mutual funds, unit investment trusts, or other investment portfolios to value their securities. ACCUMULATION VALUE The Accumulation Value of this Contract is the sum of the amounts in each of the Divisions of the Variable Separate Account and General Account. You select the Divisions of the Variable Separate Account and General Account to which to allocate the Accumulation Value. The maximum number of Divisions to which the Accumulation Value may be allocated at any one time is shown in the Schedule. ACCUMULATION VALUE IN EACH DIVISION ON THE CONTRACT DATE On the Contract Date, the Accumulation Value is allocated to each Division as elected by you, subject to certain terms and conditions imposed by us. We reserve the right to allocate premium to the Specially Designated Division during any Right to Examine contract period. After such time, allocation will be made proportionately in accordance with the initial allocation(s) as elected by you. ON EACH VALUATION DATE At the end of each subsequent Valuation Period, the amount of Accumulation Value in each Division will be calculated as follows:

  • Values The participant must commit to and ensure the respect of basic EU values (such as respect for human dignity, freedom, democracy, equality, the rule of law and human rights, including the rights of minorities).