Equivalent Value definition

Equivalent Value means the cash price that would be paid in an arm’s length transaction between two unrelated parties. The equivalent value shall be fairly determined by Licensee’s Board of Directors and CMCC shall be notified thereof in writing together with a sufficiently detailed explanation of the determination and summary of the underlying data (if any) and assumptions to allow CMCC to evaluate the fairness of the determination. CMCC may, upon written notice to Licensee, appoint an independent certified public accountant or consultant (an “Independent Appraiser” for purposes of this Article I, Paragraph D.) whose general qualifications are reasonably acceptable to Licensee and the cost and expense of the Independent Appraiser shall be paid solely by CMCC, except as provided below. If CMCC fails to notify Licensee of its election to exercise its valuation right within thirty (30) days after its receipt of the explanation and initial determination by Licensee’s Board of Directors as provided herein, then the equivalent value thereof shall be the amount as determined by Licensee’s Board of Directors, if CMCC exercises its valuation right, Licensee shall provide said Independent Appraiser with such books, information and records as the Independent Appraiser shall reasonably request pursuant to accepted professional practice standards, and CMCC shall thereafter cause the Independent Appraiser appointed by CMCC to provide its determination of equivalent value in writing to Licensee and CMCC. Following receipt of such determination, the parties shall, in good faith, attempt to mutually agree upon the equivalent value. If the parties are unable to so agree within thirty (30) days following their receipt of such determination, the parties shall jointly appoint a mutually acceptable Independent Appraiser to determine the equivalent value. The cost and expense of such jointly appointed Independent Appraiser and the Independent Appraiser appointed solely by CMCC shall be paid as follows: (a) if the equivalent value as found by the jointly appointed Independent Appraiser is within fifteen percent (15%) of the equivalent value determined by Licensee’s Board of Directors, such costs and expenses of the jointly appointed Independent Appraiser shall be paid solely by CMCC; (b) if the equivalent value as found by the jointly appointed Independent Appraiser is greater than fifteen percent (15%) more than the equivalent value determined by Licensee’s Board of Directors, the cost and expe...

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Equivalent Value means cash or facilities, services, or other value in kind related to parks, playgrounds and similar public purposes or any combination thereof, determined by the Municipality to be equal to the value of the land required to be transferred to the Municipality for parkland purposes;

Equivalent Value is defined in the Statement of Common Definitions.

Examples of Equivalent Value in a sentence

• If the two appraisal values (the “Appraisal”) differ by 10% or less (such percentage difference to be computed by subtracting the lesser of the Appraisals from the greater of the Appraisals and dividing that difference by the greater of the Appraisals), then the Equivalent Value of the property shall equal the average of the two Appraisals.

• One or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 (or the Dollar Equivalent Value thereof) shall be rendered against EDS, any EDS Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of EDS or any EDS Subsidiary to enforce any such judgment.

• If ADVERTISER removes or manipulates the pixels at any time during the Campaign or there is any period greater than an hour in which ADVERTISER experiences technical issues that impair Campaign performance (“Down Time”), Parties agree that ADVERTISER shall pay COMPANY the Down Time Estimated Equivalent Value.

• At any time subsequent to the Share Transfer and Valuation Date, the Company shall have the right to purchase some or all of the shares of Common Stock Series A delivered to the Holder as aforesaid at a price equal to the Equivalent Value of such shares on the relevant Share Transfer and Valuation Date.

• The number of shares of Common Stock payable to Participant with respect to the Dividend Equivalent Award is equal to (x) the Target Dividend Equivalent Value multiplied by the Performance Period’s payout percentage calculated per Section 4.C., divided by (y) the Fair Market Value of the Common Stock on the Normal Vesting Date (the resulting number being rounded up to the nearest whole number of shares).

More Definitions of Equivalent Value

Equivalent Value means the fair market value of the gift on the date the gift is given

Equivalent Value means, for the purposes of park dedication, cash, site preparation, site development or any combination of land, cash, site preparation and site development.

Equivalent Value means the shares of Common Stock Series A with a fair market value on the Share Transfer and Valuation Date equivalent to the interest payment due on the next scheduled interest payment date.

Equivalent Value means consideration which equals Two Hundred Twenty-Five Million Dollars ($225,000,000) in the aggregate.

Equivalent Value has the meaning set forth in Annex C hereto.

Equivalent Value shall be the product of the per share closing price of a share of Seller Common Stock on the last business day prior to the Closing Date multiplied by the number of shares of Seller Common Stock subject to such Seller Equity Award, which in the case of performance-based awards shall assume the achievement of the applicable performance conditions at the greater of the target level of performance or the actual level of performance through the Closing Date (as reasonably determined by Seller in good faith). The Replacement Award shall vest and become payable on a vesting schedule that is no less favorable to the Transferred Employee than that which applied to the Seller Equity Award, including accelerated vesting upon a termination of the Transferred Employee’s employment by Buyer or one of its Affiliates without Cause or the Transferred Employee’s resignation for Good Reason, in either case within twenty-four (24) months after the Closing Date, or the Transferred Employee’s death, disability or retirement (as set forth in the documentation relating to the Seller Equity Award, and with the definitions of “Cause” set forth in the documentation relating to the Seller Equity Award and “Good Reason” as defined herein). For purposes hereof, “Good Reason” shall mean the occurrence of, without the Transferred Employee’s written consent, (i) a material diminution in the Transferred Employee’s authority, duties or responsibilities with the Buyer and its Affiliates as in effect immediately following the Closing Date, (ii) a material diminution in the authority, duties or responsibilities of the person at the Buyer and its Affiliates to whom the Transferred Employee is required to report as in effect immediately following the Closing Date; (iii) a reduction in the Transferred Employee’s rate of base salary, target annual bonus, target long-term incentive opportunity or retirement, welfare or other benefits as in effect immediately following the Closing Date (other than a reduction in retirement, welfare or other benefits similarly affecting all or substantially all similarly situated employees of Buyer and its Affiliates); or (iv) the relocation of the office at which the Transferred Employee was principally employed immediately prior to the Closing Date to a location more than fifty (50) miles from the location of such office (except for required travel on business substantially consistent with the Transferred Employee’s business travel obligations immediately followin...

Equivalent Value has the meaning specified in Section 9.7(l).