Fixed Asset Value definition

Fixed Asset Value means the value assigned to a particular Fixed Asset, as set forth on Schedule 1.01(b).

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Fixed Asset Value means Eleven Million Dollars ($11,000,000).

Fixed Asset Value means the net book value of fixed assets less any equipment lease obligations.

Examples of Fixed Asset Value in a sentence

• However, at the end of such three-year (3) period and, if extended, at the end of each additional year thereafter, the term of this Agreement shall be extended automatically for one (1) additional year, unless the Committee delivers written notice six (6) months prior to the end of such term, or extended term, to the Executive, that the Agreement will not be extended.

• Each of the properties included by the Company in the calculation of Aggregate Unencumbered Fixed Asset Value satisfies all of the requirements contained in the definition of Unencumbered Lease Property.

• Each of the properties included by the Company in the calculation of Aggregate Unencumbered Fixed Asset Value (as defined in this Agreement on the date of Closing) satisfies all of the requirements contained in the definition of Unencumbered Lease Property.

• For the purposes of this paragraph, Adjusted Turnover shall be an amount equal to the Turnover less the extent to which Fixed Asset Value is below (Pounds)900,000 and less the extent to which Net Current Asset Value is a negative number (each to be determined as specified below), subject to a maximum of (Pounds) 15,750,000.

• Purchase Price 4 2.2. Accounts Receivable Value 5 2.3. Inventory Value 5 2.4. Prepaid Expense Value 5 2.5. Fixed Asset Value 5 2.6. Allocation of Consideration 6 2.7. Estimated Closing Values 6 2.8. Closing Statement 6 2.9. Dispute Resolution by the Parties 6 2.10.

More Definitions of Fixed Asset Value

Fixed Asset Value means with respect to JCIC, $47,850,000, and with respect to JEC, $7,150,000.

Fixed Asset Value means the sum of (i) Three Million Five Hundred Thousand Dollars and No Cents ($3,500,000.00) minus (ii) the product of (A) Five Hundred Thousand Dollars and No Cents ($500,000.00) times (B) the number equal to the number of complete calendar years that have passed since the date hereof; provided, however, that the Fixed Asset Value shall not be less than zero.

Fixed Asset Value means, as of any date of determination and without duplication, the lower of the aggregate net book value (based on a FIFO or a moving average cost valuation, consistently applied) or fair market value (determined on the basis of the most recent appraisal acceptable to the Agent) of all equipment and fixtures plus the quick sale value of the real estate value (determined on the basis of the most recent appraisal acceptable to the Agent) less appropriate reserves determined in accordance with Generally Accepted Accounting Principles, but excluding in any event (i) any such asset which is (a) not subject to a perfected, first priority Lien in favor of the Agent to secure the Credit Party Obligations or (b) subject to any other Lien not permitted hereunder, (ii) any such asset which is not in good condition or fails to meet standards for sale or use imposed by governmental agencies, departments or divisions having regulatory authority over such assets, (iii) any such asset located outside of the United States, (iv) any such asset which is leased or on consignment, and (v) any such asset which fails to meet such other specifications and requirements as may from time to time be established by the Agent in its reasonable discretion;

Fixed Asset Value means, as of any date, the sum of (i) 70% of the forced liquidation value of Borrower's Equipment as of such date plus (ii) 75% of the fair market value of that portion of Borrower's Fixed Assets which consist of real property as of such date, all of the foregoing as determined by reference to the most recent appraisals of the Fixed Assets obtained by Bank.

Fixed Asset Value means the net book value of the Fixed Assets as of the Closing Date, calculated on the basis of the total asset acquisition cost of the Fixed Assets as of the Closing Date less the total accumulated depreciation cost of such Fixed Assets as of the Closing Date, as set forth in the statement delivered by Seller Parent to Purchaser at least three (3) Business Days prior to Closing; provided, however, that if Purchaser disagrees with Seller Parent’s calculation of the Fixed Asset Value, the Fixed Asset Value shall be finally determined in accordance with Schedule 1.3(d).

Fixed Asset Value means $30,000,000, as such amount shall be adjusted based on the most recent appraisal (the first such appraisal to be delivered no later than sixty (60) days after the Amendment No. 3 Effective Date and on an annual basis thereafter, with desk review appraisals to be performed on a semi-annual basis) in form and substance, and by an independent appraisal firm, reasonably satisfactory to the Administrative Agent.

Fixed Asset Value means the aggregate amount of the net book value fixed assets of the Company and ODL as shown in the Accounts;