Estimated NAV means a per share estimated value of the Company’s shares determined by the Manager’s internal accountants based on valuations of the assets and liabilities of the Company derived from a methodology that conforms to standard industry practice and, if the Company’s Board deems it necessary, individual appraisal reports of the underlying real estate assets provided periodically by an Independent Expert.
Estimated NAV means the unaudited Net Asset Value of the Fund as at December 31, 2009, as estimated in good faith by Stillwater, all in accordance with this Agreement.
Estimated NAV means the estimated NAV calculated as set out in paragraph 8 of
Examples of Estimated NAV in a sentence
Silver Bay provides the Estimated Portfolio Value and Estimated NAV and believes such metrics are useful as additional tools for investors seeking to value the Company.
ESTIMATED PORTFOLIO AND ESTIMATED NET ASSET VALUE Estimated Portfolio Value and Estimated NAV are non-GAAP financial measures.
A description of the Company’s AVM along with certain assumptions and limitations related to its AVM and its calculations of Estimated Portfolio Value and Estimated NAV can be found on the Company’s website at www.silverbayrealtytrustcorp.com in the Investor Relations section under the non-GAAP Reconciliations link.
Estimated Portfolio Value and Estimated NAV are non-GAAP financial measures.
The NAV per Share will be based on Estimated NAV when Final NAV is unavailable.
More Definitions of Estimated NAV
Estimated NAV means the amount set out against the “Estimated NAV” entry in the Estimated NAV Statement.
Estimated NAV means £4,179,567;
Estimated NAV means L1,786,473;
Estimated NAV means the sum agreed by the Seller and the Buyer as being the estimated Net Asset Value of the Company as at Completion (taking into account the Senior Loan Redemption Amount and the Interest Swap Termination Payment as paid at Completion) and recorded by way of memorandum or email exchange between the Seller's Solicitors and the Buyer's Solicitors;
Estimated NAV means the estimate of the Net Asset Value immediately prior to Completion as set out in the Pro Forma Accounts. In addition, the Purchaser has paid on behalf of the Target Company an amount equal to the Shareholder Loan Amount shown in the Pro Forma Accounts in cleared funds to the Seller at Completion. The Consideration shall not exceed GBP125,000,000 (equivalent to approximately HK$1,257,175,000) (the “Cap”). If the Net Asset Value exceeds the Cap, the amount of the Consideration shall equal to the amount of the Cap. Adjustment to Consideration: Following Completion: (a) if the Net Asset Value as shown in the Completion Accounts is more than the Estimated NAV, the Purchaser shall pay the Seller a sum equal to the amount of that excess; and (b) if the Net Asset Value as shown in the Completion Accounts is less than the Estimated NAV, the Seller shall pay the Purchaser a sum equal to the amount of that reduction. The Seller shall prepare and deliver to the Purchaser a draft of the Completion Accounts within 40 Business Days after Completion. If the parties cannot agree on any items in the draft Completion Accounts, the items of disagreement and related adjustments to the draft Completion Accounts will be referred to an independent firm of chartered accountants for determination. Save and except warranties in relation to the Seller’s power and authority and the ownership of the Sale Shares and the Target Property, the Seller’s liability in relation to most of the warranties and all tax indemnities given pursuant to the Agreement is limited to a nominal value only and in view of this the Purchaser has separately taken out certain title and warranty and indemnity insurance policies at the Purchaser’s own cost. Completion took place immediately after the signing of the Agreement on 5 May 2017 (London time). At Completion, the Completion Payment in the sum of GBP96,850,870 (equivalent to approximately HK$974,068,000) and the Shareholder Loan Amount shown in the Pro Forma Accounts in the sum of GBP77,073,357 (equivalent to approximately HK$775,158,000) were paid by the Purchaser. The Consideration and the Shareholder Loan Amount payable by the Purchaser under the Agreement have been or will be settled by internal resources and borrowing. The Agreement was on normal commercial terms and the terms of the Agreement were arrived at after arm’s length negotiations between the parties. The Consideration is determined by reference to the agreed property value of the Ta...
Estimated NAV means £107,291,319, being the aggregate estimated net asset value of the Companies at the Effective Time as shown in the Estimated Completion Statement.
Estimated NAV is defined in Section 2.8(b).