Established Value definition

Established Value means a per-Unit value established by the Board of Directors from time to time, which shall be based on (i) seventy-five percent (75%) of the fair market value for the Units, as determined by the Board of Directors using reasonable valuation methods; or (ii) the book value of the Units as shown on the Company's most recent audited financial statements, whichever is less.

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Established Value means the value as determined in accordance with Section 6.2.

Established Value has the meaning given to it in Section 7 hereof.

Examples of Established Value in a sentence

• The purchase price for Units purchased by the Company under this Section shall be an amount equal to the Established Value of the Units determined at the time the Company notifies the Member of the violation and shall be payable, at the Company's option, in one lump sum or equal installments over a period of five (5) years, with interest at a rate equal to the interest rate for 91 day U.S. Treasury bills, adjusted quarterly.

• The Employer will then offer in writing to purchase the home at the Established Value.

• Victory covenants to file an amendment to its registration statement on Form N-1A to register Class A Shares of Established Value Fund.

• The Established Value shall include the land, buildings, improvements, and designated items of personal property (limited to carpeting and draperies) which the Employee plans to leave behind when he or she moves.

• In addition, upon the written request of the Employee, the Employer shall make an offer to purchase the Employee's home for cash in an amount equal to the greater of (A) the reasonably estimated value of Employee's home six months prior to the occurrence of the Change in Control or (B) the reasonably estimated value on the Date of Termination (the greater of such values is hereinafter referred to as the "Established Value").

• If, however, the lower of the two appraisals varies by more than 10% from the higher appraisal, a third appraisal will be made at the Employer's expense by an appraiser to be chosen mutually by the first two appraisers, and the average of all three appraisals will constitute the Established Value.

• For purposes of determining the Established Value, the Employer and the Employee shall each, at the Employer's expense, engage real estate appraisers who are certified to evaluate professionally the reasonably estimated values of the home as set forth above.

• Upon completion of the two appraisals the two will be averaged to determine the Established Value.

• Victory, on behalf of Ohio Regional Stock Fund, covenants that it will take all reasonable action to ensure that comparable classes of shares exist between it and Established Value Fund.

• In such event the Closing shall be delayed until such new Established Value Per Share is determined.

More Definitions of Established Value

Established Value means (a) in the case of an Eligible Construction Loan, the lower of cost or Appraised Value of the real property financed thereby, (b) in the case of Eligible Leased Real Estate, the lesser of the Appraised Value or the net book value (determined in accordance with GAAP) of such real property and (c) in the case of an Eligible Owner-Occupied Real Estate Loan, the Appraised Value of the real property securing such loan.

Established Value means the admission fee established by the issuer for entry into a venue or a tick- et issued for the right of entry into a venue. Prima facie evidence of the established value includes, but is not limited to, the face value printed on a ticket, box office displays, venue seat- ing charts, purchaser receipts, issuer statements, certificates of registra- tion and applications thereto, or any other identifiable means that demon- strate the admissions fee charged by an issuer for a ticket.

Established Value shall be the applicable percentage of the value of Marvel Software, such value to be determined by an appraisal performed by an appraiser mutually agreed to by the Executive and the Company. If the Executive and the Company fail to agree on an appraiser, then the Executive and the Company each shall select an appraiser and such two appraisers shall select a third appraiser. The appraisal which results in neither the highest nor lowest value shall be deemed to be the Established Value. The parties agree that as soon as practicable after the commencement of the Term, they shall execute an agreement mutually satisfactory to both parties governing the terms and conditions of the Software Equity consistent with the general principles set forth herein.