Excess Values definition
Excess Values means the positive or negative (as the case may be) difference between (i) the Market Value (in respect of the Vessel) or the market value as established in accordance with the procedure described in the definition of “Market Value” (in respect of other vessels), and (ii) the book value of the Vessel.
Excess Values means both vehicle values earned in excess of the allowance listed for the value type in subsection (e), and vehicle values in any category that comprise a surplus in a given model year per subsection (f)(2).
Excess Values means the positive or negative (as the case may be) difference between:
More Definitions of Excess Values
Excess Values the positive difference between Market Value and the book value of the Borrower’s vessels and also adjusted with net booked gains or losses from sales of vessels, plus the positive excess value of the Borrower’s shares or other participation in other ship-owning corporations based on the same valuation principles.