MBV definition

MBV means Mercedes-Benz Vans, LLC, a Delaware limited liability company, having its principal place of business at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇, Attn: General Counsel.

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MBV as of any date shall mean the Company's per Share GAAP book value as of the relevant date adjusted to (i) reverse the effects of unrealized gains and losses on investments and derivatives, (ii) reverse the effects of unearned compensation pertaining to restricted stock awards held by the Company's employees and directors, (iii) add dividends declared on the Company's Shares since January 1, 2004 and (iv) add interest accrued on dividends declared on the Company's Shares since January 1, 2004. In the event of any merger, consolidation, reorganization, recapitalization, spin-off, split-up, combination, share exchange, liquidation, dissolution, stock split, extraordinary cash dividend, stock dividend, distribution of stock or other property in respect of the Shares or other securities of the Company, or other change in corporate structure or capitalization affecting the Shares, appropriate adjustment(s) will be made to the calculation of MBV so as to avoid dilution or enlargement of the rights of the Grantee and of the economic opportunity and value represented by the Restricted Stock.

MBV as of any date shall mean the Company’s GAAP book value per share of Common Stock as of the relevant date (which unless otherwise determined by the Committee or its designees in good faith, shall be calculated as of the date of the Company’s most recent prior quarterly measurement date) adjusted to (i) reverse the effects of unrealized gains and losses on investments and derivatives, (ii) reverse the effects of unearned compensation pertaining to restricted stock awards held by the Company’s employees and directors, (iii) add dividends declared on the Company’s Shares since January 1, 2006, (iv) add interest accrued on dividends declared on the Company’s Shares since January 1, 2006 and (v) reverse the effects of the Company’s open market share repurchases made since January 1, 2004. In the event of any merger, consolidation, reorganization, recapitalization, spin-off, split-up, combination, share exchange, liquidation, dissolution, stock split, extraordinary cash dividend, stock dividend, distribution of stock or other property in respect of the Company’s Common Stock or other securities of the Company, or other change in corporate structure or capitalization affecting the Common Stock, appropriate adjustment(s) will be made to the calculation of MBV so as to avoid dilution or enlargement of your rights and of the economic opportunity and value represented by the Restricted Shares.

Examples of MBV in a sentence

On-site credentials will not be issued by MBV for any Supplier or subcontractor or sub-subcontractor employee unless the employee meets these requirements.
Instead of the coverages and amounts listed in section INSURANCE (Section 11.1 et seq.) of the Agreement, MBV requires Supplier to provide, at its sole expense, at least the following insurance coverages: Commercial General Liability-- $1,000,000 Per Occurrence, including Products Completed Operations, Personal & Advertising Injury.
The above notwithstanding, the Supplier is obliged to adhere to all laws and regulations applicable to both itself and the commercial relationship with MBV.
Nothing contained in the Agreement shall create any contractual relation between MBV and any subcontractor.
MBV may at any time and from time to time change shipping schedules previously furnished to Supplier, or direct temporary suspension of scheduled shipments.
In this event, Supplier shall pay MBV any and all costs and expenses of MBV in so doing, including reasonable attorneys' fees.
Supplier shall furnish MBV with documentation satisfactory to MBV as a result of inspections and tests.
ALL PARTIES AGREE THAT ANY ONE OF THEM MAY FILE A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY, AND BARGAINED AGREEMENT BETWEEN THE PARTIES, AND THAT ANY DISPUTE OR CONTROVERSY WHATSOEVER BETWEEN THEM SHALL INSTEAD, IF SO DESIRED BY MBV, BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
Supplier shall be as fully responsible to MBV for all acts and omissions of its subcontractors, their agents and employees, as it is for the acts and omissions of persons directly employed by Supplier.
Supplier warrants that the prices for the Services and Items sold to MBV hereunder are no less favorable than Supplier currently extends to any other customer for the same or similar goods or services in similar quantities.

More Definitions of MBV

MBV means the real property designated as “▇▇▇▇ ▇▇▇▇▇▇▇▇ Village” on Exhibit O-1.