Certified Value definition

Certified Value means the market value certified by the district valuer or by a suitably qualified valuer employed by the local authority;

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Certified Value means, with respect to any Pledged Account, the computed value of such Pledged Account as set forth in the most recent Officer’s Certificate delivered by the Borrower pursuant to Section 5.01(f) with respect to such Pledged Account.

Certified Value of any item of Eligible Equipment or item of Eligible Inventory: the current market value of such item certified by the Borrower based on its good faith and best knowledge assessment of such item based on (i) in respect of non-traded Eligible Equipment and Eligible Inventory, the most recent Appraisal Value, and the Borrower’s assessment of any changes in valuation based on asset purchases, sales and trading activity during the quarterly reporting period (ii) in respect of newly acquired Eligible Equipment and Eligible Inventory, the most recent Appraisal Value in respect of comparable equipment and the prices paid by it during such period in respect thereof and (iii) such other factors as the Borrower may reasonably consider to be relevant.

Examples of Certified Value in a sentence

• Each Party shall be invoiced for the costs and expenses associated with Value Engineering services directly attributable to such Party’s respective facilities and such costs shall constitute Initial Capital Costs (excluding the costs of the CAW Facilities); provided, however, that Value Engineering services which benefit all of the Regional Desalination Project, shall be reasonably allocated among the Parties by the independent Certified Value Engineer.

• The Parties shall mutually engage an independent Certified Value Engineer to perform Value Engineering reviews of the plans of each Party’s respective portion of the Regional Desalination Project.

• In addition, on such additional dates as the Borrower may reasonably request from time to time, the Administrative Agent shall cooperate with the Borrower to cause the Field Auditor to provide a Field Audit to the Administrative Agent that establishes the Certified Value of the Pledged Accounts.

• The Engineer shall provide a Certified Value Specialist to facilitate the study who is also a professional Engineer experience in bridge and roadway design, and a maximum of four (4) personnel shall be available to attend the VE workshop.

• Any JVC Share remaining unaccepted pursuant to Clause 11.4 shall be deemed to be offered by the selling PARTY for sale at the Certified Value to such PARTIES as shall have accepted as aforesaid the JVC Shares offered to them and in the proportions in which the JVC Shares held by them bear to each other.

• The costs incurred in establishing the Certified Value of the JVC Shares referred to in Clauses 11.2.1 and 11.2.2 shall be borne by the Defaulter.

• The Lender shall endeavour to instruct the Valuer to determine the Certified Value prior to the date of the proposed drawdown but shall have no liability to the Borrower for any delay.

• A 5-man team, including 4 Subject Matter Experts (SME’s) and a Certified Value Specialist (CVS) will assemble for a 3.5-day workshop.

• The JVC Shares referred to in Clauses 11.2.1 and 11.2.2 shall be sold and purchased at the Certified Value as established and certified by the JVC Auditors.

• Be certified as a Certified Value Specialist by SAVE International and have value engineering experience on transportation system facilities.

More Definitions of Certified Value

Certified Value in relation to a JVC Share, the value thereof as valued and certified by the Valuers (acting as experts and not as arbitrators):-

Certified Value the value of a NSMH Share, as valued/calculated and certified by the Valuers (acting as experts and not as arbitrators) using a multiple of 5 (Five) times of NSMY’s net earnings per share (determined in accordance with Generally Accepted Accounting Principles) for the preceding 12 (Twelve) months

Certified Value means the market value certified by the district valuer or by a suitably qualified