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").

Related to Minimum Asset Value

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Gross Asset Value means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Adjusted Maximum Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty or a Related Guaranty, in each case determined in accordance with the provisions hereof and thereof; provided that, solely for purposes of calculating the “Adjusted Maximum Amount” with respect to any Contributing Guarantor for purposes of this paragraph 2, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder or under any similar provision contained in a Related Guaranty shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty and the Related Guaranties (including, without limitation, in respect of this paragraph 2 or any similar provision contained in a Related Guaranty). The amounts payable as contributions hereunder and under similar provisions in the Related Guaranties shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this paragraph 2 or any similar provision contained in a Related Guaranty shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder or under a Related Guaranty. Each Contributing Guarantor under a Related Guaranty is a third party beneficiary to the contribution agreement set forth in this paragraph 2.