Minimum Asset Value definition

Minimum Asset Value and “Contributed Asset Value” are based on the same assumptions and use the same methodology as the calculation of the gross assets in the Exhibit G borrowing base.
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Minimum Asset Value means the “Minimum Asset Value” set forth on Schedule 1.01(b) for the date closest to the Closing Date. “Minimum Liquidity Requirement” means an amount equal to (a) the “Total Exit Availability - 15% Variance” as set forth on Schedule 1.01(c) for the date closest to the Closing Date, minus (b) the Excess Cure Costs (if any), plus (c) the 503(b)(9) Liabilities Adjustment (if any), minus (d) the 503(b)(9) Payment Adjustment (if any), plus (e) the Excess Transfer Taxes (if any), minus (f) the Excess COBRA/WARN Liabilities (if any). “Most Recent Balance Sheet” has the meaning set forth in Section 5.04. “Necessary Consent” has the meaning set forth in Section 2.07. “Net Cash” means (a) all cash and cash equivalents, minus (b) Retained Cash, minus (c) Restricted Cash. “Order” means any award, writ, injunction, judgment, stay, temporary restraining order, order, decree, ruling, subpoena, verdict, decision or other restraint promulgated, entered, issued, made or rendered by any Governmental Authority, including any order entered by the Bankruptcy Court in the Bankruptcy Cases (including the Bidding Procedures Order and the Sale Order). “Outside Date” has the meaning set forth in Section 12.01(b)(i). “Owned Intellectual Property” means all Intellectual Property to the extent owned or purported to be owned by any Selling Entity and used or held for use in connection with the operation of the Business. “Owned Real Property” has the meaning set forth in Section 5.13(a). “Party” and “Parties” each have the meaning set forth in the introductory paragraph. “Party Affiliate” has the meaning set forth in Section 13.12(a). “Patents” means any letters patent, applications for letters patent, statutory invention registrations, registered designs, and similar or equivalent rights in inventions and designs, and any reissues, divisionals, continuations, continuations-in-part, reissues, re-examinations, renewals, provisionals, and extensions thereof, including any patents or patent applications in the United States Patent and Trademark Office, the World Intellectual Property Organization, or any similar office or agency in any other jurisdiction. “Payoff Letter” means a customary payoff letter in form and substance reasonably satisfactory to the Parties, setting forth (a) the aggregate principal amount outstanding and all accrued but unpaid interest constituting the Repaid Indebtedness, (b) any prepayment penalties, breakage fees and other fees or amounts payable in connection wi...
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Minimum Asset Value means the original asset cost specified in relation to GNB and in relation to each of the Subsidiaries, in Schedule 1.
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Examples of Minimum Asset Value in a sentence

  • Value The Contributed Asset Value will be equal to or greater than the Minimum Asset Value.

  • The parties agree that the Minimum Asset Value to be sold with a transfer of title at the Initial Closing shall be no less than $992,977,494.81.

  • Schedule 4 contains a list of all machinery, equipment, and vehicles owned by GNB and each of the Subsidiaries having an original cost equal to or in excess of the Minimum Asset Value (the "Principal Assets").

  • On the date of the delivery to the Administrative Agent of such Appraisals pursuant to this Section 7.1(b)(iii), the Appraised Value of the Ski Resort Properties for the purposes of determining compliance with the Minimum Asset Value Test shall be the average of the Appraised Values of the Ski Resort Properties determined by the related Appraisals delivered pursuant to Sections 7.1(b)(i), (ii) and (iii) and the change therein shall become effective as of the date of such delivery.

  • At the Closing, the Purchased Assets shall have Asset Value of at least $13,500,000 (the "Minimum Asset Value").