fair value difference definition

fair value difference. (“FVD”) means the difference between the fair value of an asset or liability at the calculation date and the amount at which that asset or liability is recorded in the FSD reference accounts;
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Examples of fair value difference in a sentence

  • Upon a foreclosure, sale or other transfer of the Class B Membership Interests of the Company pursuant to the Mezzanine A Pledge Agreement, the successor Member may transfer its interests in the Company, subject to this Section 23.

  • The Company acknowledges that the pledge of the Class B Membership Interests in the Company to be made by the Economic Member in connection with the Mezzanine A Pledge Agreement shall be a pledge not only of profits and losses of the Company, but also a pledge of all rights and obligations of the Economic Member.

  • Notwithstanding any provision in the Act or any other provision contained herein to the contrary, the Economic Member shall be permitted to pledge and, upon any foreclosure of such pledge in connection with the admission of the Mezzanine A Lender or its designee as a member, transfer to the Mezzanine A Lender or its designee its rights and powers to manage and control the affairs of the Company pursuant to the terms of the Mezzanine A Pledge Agreement.