Eligible Value definition

Eligible Value means as of any date of determination, with respect to each Real Property that is (x) owned or ground leased by Holdings or any Subsidiary or (y) a Leased Asset (i) the Applicable EBITDA with respect to such Real Property divided by (ii) the applicable Capitalization Rate.

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Eligible Value means, as of any date of determination:

Eligible Value means the portion of the net taxable value of the parcel of land in relation to which an exemption under subsection (2) is made that is equivalent to the ratio of

Examples of Eligible Value in a sentence

• If any Post-Closing Deliverable with respect to the Equity Interests in any Foreign Pledgee is not received and satisfied within such 90-day period, the Borrowing Base will be reduced by the Eligible Value of the Equity Interests in any Foreign Pledgee for which such Post-Closing Deliverable is outstanding.

• If any Real Estate Deliverable is not received and satisfied within such 180-day period, the Borrowing Base will be reduced by the Eligible Value of the Eligible P&E or Eligible Real Estate for which such Real Estate Deliverable is outstanding.

• If any Post-Closing Deliverable with respect to the Equity Interests in any Foreign Pledgee is not received and satisfied within such 90-day period, the Borrowing Base will be reduced by the Eligible Value of the Equity Interests in such Foreign Pledgee.

• The Issuer shall not, nor shall it permit, any Subsidiary Guarantor to Dispose of any PDMP having a Net Book Value in excess of $250,000,000 in a single transaction or a series of related transactions unless (i) after giving pro forma effect to such Disposition and the application of proceeds thereof, the Borrowing Base Coverage Ratio is at least 1.00 to 1.00 and (ii) the Eligible Value of the Eligible PDMP PP&E is reduced as provided in Schedule 1.1B of the Credit Agreement.

• At all times during the term of this --------------------- Loan the aggregate of the principal balance of all outstanding Advances and the stated amount of all issued Letters of Credit must be less than or equal to the total of (i) the Eligible Value of all Pledged Limited Partnership Interests, plus (ii) capitalized interest.

More Definitions of Eligible Value

Eligible Value as of any date of determination, with respect to each Real Property that is owned or ground leased by the Parent Borrower or any Subsidiary and used in a business permitted under Section 8.3, (i) the Applicable EBITDA with respect to such Real Property divided by (ii) the Capitalization Rate.

Eligible Value has the meaning assigned to such term in Schedule 1.1B.

Eligible Value means, with respect to an item of Inventory, the following, as determined by Lender in its sole discretion:

Eligible Value as defined in Schedule 1.1A.

Eligible Value as of any date of determination, with respect to:

Eligible Value means accumulation value (including interest and/or earnings accrued), as of the quarter end for which the Supplemental Trail Commission is being calculated, of all Eligible Contracts for Selling Agent.

Eligible Value means the amount specified as such in an Approval in Principle