Assessed Amount definition

Assessed Amount means the amount that the Company would receive in an all-cash sale of either (i) all issued and outstanding equity in the Company (the value of which to be calculated as if a sale of all assets and businesses as a going concern) or (ii) all of its assets and businesses as a going concern (in either case free and clear of all liens and after payment of indebtedness for borrowed money) in an arms-length transaction with an unaffiliated third party consummated on the day immediately preceding the date on which the event occurred which necessitated the determination of Assessed Amount (assuming that all of the proceeds from such sale were paid directly to the Company, or its stockholders, other than an amount of such proceeds necessary to pay transfer taxes payable in connection with such sale, which amount will not be received or deemed received by the Company, or its stockholders).
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Assessed Amount means the duty the commissioner assesses under this section as the duty that ought to be charged, or is chargeable, on a statement, return or other document, but does not include any amount payable under this section by way of a penalty.’.
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Assessed Amount has the meaning set forth in Section 6.1(iii).
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Examples of Assessed Amount in a sentence

  • In addition, LESSEE shall pay LESSOR an annual Tax Administration fee equal to ten percent (10%) of the Assessed Amount charged for each Equipment Schedule, if any personal property taxes are imposed upon Equipment subject of that Equipment Schedule.

  • For Equipment subject to personal property taxes, to liquidate such taxes LESSEE agrees to pay LESSOR an annual liquidated amount ("Assessed Amount") which shall be based upon the Equipment price (as set forth in the original Vendor Invoice), reduced by depreciation calculated in accordance with applicable depreciation schedules used by the applicable taxing jurisdiction at the applicable tax rate.

  • A certificate as to the amount of such Assessed Amount delivered to the Borrower by a Lender or the Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent demonstrable error.

  • Any Party may prepay all or a portion of its Assessed Amount installment at any time without penalty.

  • The Assessed Amount shall be payable by LESSEE without regard to any discounts or reduction LESSOR may obtain by reason of early payment or otherwise.

  • Any donations received by the Parties for the Vehicle shall be sent to Elm Grove and credited in equal shares to each Party’s Assessed Amount.

  • Zomedica may offset the Assessed Amount against the immediately following payments owing to CTX until such Assessed Amount has been fully satisfied.

  • The Assessed Amount should be sent to the attention of: ▇▇▇▇ ▇▇▇▇▇▇▇, Clerk Village of Elm Grove ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇.

  • In addition, the Purchaser shall indemnify and hold harmless the Company's directors and officers for any and all liabilities they may have in respect of the Assessed Amount, which obligation the Company shall hold in trust for the benefit of its directors and officers.

  • The Assessed Amount shall be paid in full upon all Parties’ execution of the Agreement or, at each Party’s option, in five equal installments, plus interest, over a period of five years.


More Definitions of Assessed Amount

Assessed Amount means the amount to be paid by the Trustee from the Scheme assets to the Treasurer under clause 2(5) or clause 3(9) of Schedule 1B of the Act, as determined by an actuary appointed by the Treasurer.
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Related to Assessed Amount

  • Assessed value means 1 of the following:

  • Unused Amount means the Maximum Line reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).