Appraised Liquidation Value definition

Appraised Liquidation Value means, with respect to Eligible Inventory, the appraised net orderly liquidation value thereof (expressed as a percentage of the Cost of such Inventory) as determined from time to time by an Acceptable Inspector in accordance with Section 5.07.
View Source
Appraised Liquidation Value means, with respect to Eligible Inventory, the appraised value of such Eligible Inventory, expressed as a percentage of the Value thereof, as determined by Agent as of any date on an “orderly liquidation existing channel” basis, net of all estimated liquidation expenses, shrinkage and markdowns, pursuant to an appraisal conducted, at Borrowers’ expense, by an independent appraisal firm acceptable to Agent or, in the absence of such appraisal, such value as otherwise determined by Agent in its sole discretion.
View Source
Appraised Liquidation Value. The product of (a) the Cost of Eligible Inventory (net of Inventory Reserves) multiplied by (b) that percentage determined by the then most recent appraisal of the Borrowers' Inventory undertaken at the request of the Administrative Agent as reflecting that appraiser's estimate of the realization on Cost of the Borrowers' Inventory in a liquidation thereof.
View Source

Examples of Appraised Liquidation Value in a sentence

  • With respect to each appraisal made pursuant to this Section 5.07(c) after the Closing Date, (i) the Administrative Agent and the Loan Parties shall each be given a reasonable amount of time to review and comment on a draft form of the appraisal prior to its finalization and (ii) any adjustments to the Appraised Liquidation Value or the Borrowing Base hereunder as a result of such appraisal shall become effective 20 days following the finalization of such appraisal.

  • Sellers shall be entitled to object to any allocation that causes the amount of Taxes to be paid by Sellers pursuant to Section 4.5 to exceed the Sales or use Tax, if any, which would be payable on the sale of the Owned Ground Equipment for the Appraised Liquidation Value thereof, unless AirTran shall pay to Sellers at Closing the amount of such additional Taxes which are required to be paid by Sellers.

  • After such Appraised Liquidation Value has been determined, AirTran may elect to exercise its purchase option, or if such option has already been exercised may withdraw such exercise, in each case, in whole or in part, by notice in writing to Sellers given at or prior to Closing.

  • With respect to Ground Support Equipment to be purchased or leased by AirTran, AirTran shall arrange, at Sellers’ cost, for a qualified, nationally recognized appraiser of commercial aviation ground support equipment, reasonably acceptable to Sellers, to determine the Appraised Liquidation Value of each piece, item or component of the Ground Support Equipment and shall endeavor to obtain such valuation at least 10 days prior to Closing.


More Definitions of Appraised Liquidation Value

Appraised Liquidation Value means, as to any Eligible Fixed Assets, the appraised liquidation value of such Eligible Fixed Assets determined in accordance with an independent appraisal reasonably acceptable to the Administrative Agent, which appraisal shall assume, among other things, a marketing time of not greater than six (6)months.
View Source

Related to Appraised Liquidation Value

  • Orderly Liquidation Value means the net amount (after all costs of sale), expressed in terms of money, which Agent, in its good faith discretion, estimates can be realized from a sale, as of a specific date, given a reasonable period to find a purchaser(s), with the seller being compelled to sell on an as-is/where-is basis.

  • Liquidation Value With respect to the Business Combination Vote, the Company shall cause all of the Initial Stockholders to vote the shares of Common Stock owned by them immediately prior to this Offering in accordance with the vote of the holders of a majority of the IPO Shares. At the time the Company seeks approval of any potential Business Combination, the Company will offer each of holders of the Company's Common Stock issued in this Offering ("IPO Shares") the right to convert their IPO Shares at a per share price equal to the amount in the Trust Fund (inclusive of any interest income therein) on the record date ("Conversion Price") for determination of stockholders entitled to vote upon the proposal to approve such Business Combination ("Record Date") divided by the total number of IPO Shares. The Company's "Liquidation Value" shall mean the Company's book value, as determined by the Company and audited by BDO. In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. If holders of less than 20% in interest of the Company's IPO Shares vote against such approval of a Business Combination, the Company may, but will not be required to, proceed with such Business Combination. If the Company elects to so proceed, it will convert shares, based upon the Conversion Price, from those holders of IPO Shares who affirmatively requested such conversion and who voted against the Business Combination. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company. If holders of 20% or more in interest of the IPO Shares vote against approval of any potential Business Combination, the Company will not proceed with such Business Combination and will not convert such shares.

  • Net Orderly Liquidation Value means, with respect to Inventory of any Person, the orderly liquidation value thereof as determined in a manner acceptable to the Administrative Agent by an appraiser acceptable to the Administrative Agent, net of all costs of liquidation thereof.

  • Series A Liquidation Value means the amount equal to the sum of (i) the Series A Issue Price, plus (ii) all Series A Unpaid Distributions, plus (iii) Series A Partial Period Distributions, in each case, with respect to the applicable Series A Preferred Unit.

  • Disposition Value means, at any time, with respect to any property