Implied Value definition

Implied Value as applied to Capital Stock means the Cost of such Capital Stock plus an implied 25% return on Cost, compounded annually, from the date of payment by Shareholder of such Cost and ending on the date that Implied Value is required to be determined.

Implied Value means the value of the Company that is implicit in the Offering Price, before giving effect to underwriting discounts and costs and expenses of the IPO.

Implied Value means for any Hotel Property an amount arrived at based upon that Hotel Property's Adjusted Cash Flow, divided by the Applicable Cap Rate.

Examples of Implied Value in a sentence

• The Daily Mark is calculated based on the Proprietary Model Method – Implied Value Method.

• In the case of a Marital Relationship Transfer, the Notice of Involuntary Transfer will constitute an irrevocable offer by the Interested Party to sell all or any portion of the Subject Shares to the Former Shareholder, at a price equal to the greater of Equity Value or Implied Value, if the Involuntary Transfer occurs prior to August 1, 2010, and at Fair Market Value if the Involuntary Transfer occurs thereafter.

• Merely providing the range that a banker applied to render the Implied Value Per Share is insufficient, as stockholders are unable to assess whether the banker applied appropriate multiples, or, instead, applied unreasonably low multiples in order to drive down the implied valuation of the Company.

• The Notice of Involuntary Transfer will constitute an irrevocable offer by the Interested Party to sell to the Company all or any portion of the Subject Shares that is not purchased by the Former Shareholder pursuant to Section 3(b), at a price equal to the greater of Equity Value or Implied Value, if the Involuntary Transfer occurs prior to August 1, 2010, and at Fair Market Value if the Involuntary Transfer occurs thereafter.

• The Cost and Implied Value for each Hotel Property from which the Borrowing Base can be determined.

More Definitions of Implied Value

Implied Value means the number obtained by the following formula:

Implied Value means, for each Company Share, an amount equal to the product of the Exchange Ratio and the Parent Share Price;

Implied Value means as to each Escrowed Share, the deemed value of such share used by the parties to the JetPay Escrow Agreement for purposes of satisfying a claim thereunder; provided, however, that if such parties do not specify or otherwise agree upon a deemed value of such share, the deemed value for purposes of this Agreement shall be the fair market value.

Implied Value means, with respect to any Hotel or Borrowing Base Property as of any determination date, (a) Adjusted NOI from such Hotel or Borrowing Base Property for the twelve (12) month period ending on the date of determination, divided by (b) the Capitalization Rate as of such date.

Implied Value means, with respect to any Real Property on any date, an amount equal to the Adjusted Cash Flow of such Real Property for the four full fiscal quarters most recently ended on or prior to such date, divided by the Capitalization Rate. For purposes of determining the Implied Value of any Real Property which has not been operational for four full fiscal quarters, the Adjusted Cash Flow attributable to such Real Property shall be deemed to be the result obtained by annualizing the components of the actual Adjusted Cash Flow attributable to such Real Property for the period that such Real Property has been operational.

Implied Value means in relation to the transfer or surrender of any shares of common stock by any Investor as part of any Partial Liquidity Event, the per common share consideration received by that Investor, net of all transaction and brokerage costs, and (subject to clause 3.4) net of the maximum amount of consideration due to that Investor that may be held back in any escrow arrangements, multiplied by the number of shares of common stock of the Company in issue at the date of such transfer or surrender, immediately prior to such transfer or surrender, on a Fully Diluted Basis; and

Implied Value means, as of any determination date with respect to Properties in the Operating Sub-Pool, the lesser of (a) the aggregate Historical Value less the outstanding balance of any assessment bonds of the Properties in the Operating Sub-Pool, and (b) the sum of (i) in the case of Domestic Properties in the Operating Sub-Pool that are not Refrigerated Warehouse Properties, the aggregate NOI of such Properties divided by nine and one quarter percent (9.25%), (ii) in the case of International Properties in the Operating Sub-Pool that are not Refrigerated Warehouse Properties, the aggregate NOI (adjusted to include a capital reserve of $0.20 per square foot and for actual income and withholding taxes) of such Properties divided by eleven percent (11%), and (iii) in the case of Properties in the Operating Sub-Pool that are Refrigerated Warehouse Properties, the aggregate EBITDA (adjusted to include a capital reserve of $0.10 per cubic foot) of such Refrigerated Warehouse Properties divided by thirteen percent (13%); provided that for Properties in the Operating Sub-Pool owned for less than three (3) months, the Implied Value shall equal the Historical Value of such Properties. For purposes of the foregoing, NOI and EBITDA shall be determined for the twelve- (12-) month period ending on the date of determination; provided, however, that for any Property (i) owned by a Company for less than twenty-four (24) months as of the date of determination, or (ii) on which substantial completion of improvements thereon was completed less than twenty-four (24) months prior to the date of determination, NOI and EBITDA shall be annualized based upon the NOI or EBITDA, as the case may be, of such Property in a manner reasonably satisfactory to Administrative Agent.