Fair Value definition

Fair Value means, with respect to securities or any other assets, other than cash, the fair market value determined by the Board.

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Fair Value means the amount at which the assets (both tangible and intangible), in their entirety, of the Borrower and its Subsidiaries taken as a whole would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any compulsion to act.

Fair Value means the value of a security determined in accordance with Canadian GAAP applicable to publicly accountable enterprises.

Examples of Fair Value in a sentence

• To the extent that the Fair Value of any property to be released from the lien of this Indenture shall be stated in an Independent Expert’s Certificate, such Fair Value shall not be required to be stated in any other Expert’s Certificate delivered in connection with such release.

• Notwithstanding the previous sentence, an Expert’s Certificate shall not be required to be made by an Independent Expert in the case of any release of property if the Fair Value of such property to be released, as set forth in the certificates required by this Indenture, is a De Minimis Amount.

• Further, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Debt of Borrower and its Subsidiaries shall be deemed to be carried at one hundred percent (100%) of the outstanding principal amount thereof, and the effects of Statement of Fair Value of Financial Assets and Liabilities, ASC 825 and Statement of Financial Accounting Standards ASC 470-20 on financial liabilities shall be disregarded.

• For purposes of determining compliance with this Agreement, any election by the Company to measure any financial liability using fair value (as permitted by Financial Accounting Standards Board Accounting Standards Codification Topic No. ▇▇▇-▇▇-▇▇ – Fair Value Option, International Accounting Standard 39 – Financial Instruments: Recognition and Measurement, or any similar accounting standard) will be disregarded and such determination made as if such election had not been made.

• For purposes of determining compliance with the financial covenants contained in this Agreement, any election by Borrower to measure an item of Debt using fair value (as permitted by Statement of Fair Value of Financial Assets and Liabilities, ASC 825 or any similar accounting standard) shall be disregarded and such determination shall be made as if such election had not been made.

More Definitions of Fair Value

Fair Value means the fair value of a Shared Loss MTM Asset as determined in accordance with FAS 157 as in effect on Bank Closing.

Fair Value when used with respect to Common Stock, means the fair value thereof as determined in good faith by the Board of Directors.

Fair Value means the amount for which an asset could be exchanged, or a liability settled between knowledgeable, willing parties in an arm’s length transaction (as set out in the reporting standards adopted in terms of the Companies Act (Act No. 61 of 1973).

Fair Value means, with respect to any asset or property, the price which could be negotiated in an arm's-length market transaction, for cash, between a willing seller and a willing buyer, neither of whom is under undue pressures or compulsion to complete the transaction. Fair Market Value shall be determined by the board of directors of the Borrower acting in good faith and shall be evidenced by a board resolution delivered to the Lender except that any determination of Fair Market Value made with respect to any parcel of real property shall be made by an independent appraiser.

Fair Value means the value of the relevant asset determined in an arm's-length transaction conducted in good faith between an informed and willing buyer and an informed and willing seller under no compulsion to buy or sell.

Fair Value means the mean of the earning value and the break up value;

Fair Value of an asset means its fair market value.