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.
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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.
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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.
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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.
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