Net Economic Value definition

Net Economic Value of a Program Financing Contract or Program Stream Financing, at any time, means 108.2% of the Net Book Value thereof at such time.
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Net Economic Value of a Program Financing Contract at any time means the sum of (a) all due but uncollected payments under such Program Finance Contract at such time plus (b) the net present value of all future Lease Payments not then due thereunder, discounted at rate equal to the applicable like-term swap rate for AAA rated companies as at the inception of such Program Financing Contract plus (c) the net present value of the Residual in respect of the Equipment subject to such Program Financing Contract, discounted at a rate equal to the applicable like-term swap rate for AAA rated companies as at the inception of such Program Financing Contract plus (d) 8 This definition to be modified as appropriate to properly cover operating rental agreements. the unamortized portion of all origination fees (other than the Volume Origination Fee) for such Program Financing Contract at such time.9
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Net Economic Value means the amount, if any, by which the then-current Appraised Value exceeds the Total Obligations.
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Examples of Net Economic Value in a sentence

  • On any refinancing of the Loan before the Maturity Date, at Junior Noteholder's election, either (a) the Participation Percentage of Net Economic Value, or (b) if Junior Noteholder elects to retain its interest in future Net Cash Flow, future Net Sale Proceeds and future Net Economic Value until sale of a Project or the Maturity Date (whichever occurs earlier), the Participation Percentage of Net Refinancing Proceeds.

  • LESSEE shall not sublease more than 20% below the Net Economic Value (as defined in Section 37.C) of the then fair market rental value of such space, without LESSOR'S prior written consent, which consent shall not be unreasonably withheld or conditioned.

  • If the Landlord does not approve the sale price, then the Tenant may initiate the appraisal process as previously described to determine the Appraised Value for purposes of calculating the Net Economic Value.

  • The Appraised Value of the Premises for purposes of calculating Net Economic Value of Premises shall be determined not more than ninety (90) days prior to the date of closing on the purchase of the Premises.

  • This right of first offer shall continue until Junior Noteholder has purchased such Project or has received payment of its entire interest in Net Sale Proceeds or Net Economic Value.

  • If Junior Noteholder elects to retain its interest in future Net Cash Flow, future Net Sale Proceeds and future Net Economic Value until sale of a Project or the Maturity Date (whichever occurs earlier), such interests shall be secured by a subordinate deed of trust or mortgage satisfactory to Junior Noteholder and encumbering a Project.

  • Beginning on the first day of the forty-ninth (49th) full calendar month of the Lease Term and ending on the last day of the fifty-sixth (56th) full calendar month of the Lease Term, the Tenant shall have the option to purchase the Premises (or arrange for such purchase) for an amount equal to the greater of: (i) the Total Project Cost or (ii) the Net Economic Value (the "Purchase Price").

  • If the Net Economic Value of the proposed lease with such other party is less than ninety percent (90%) of the Net Economic Value stated in the Proposal, then in accordance with and subject to Section 37.A, Landlord shall issue another proposal to LESSEE incorporating the terms and conditions set forth in such proposed lease with such other party, and Section 37.A shall govern LESSEE'S consideration of such additional proposal.

  • Net Economic Value is defined as the then-current Appraised Value of the fee simple interest in the Premises less an amount of up to 3% of such Net Economic Value which represents actual costs paid by the Tenant relative to the exercise of the Purchase Option including but not limited to commissions, management fees (not to exceed 5% of Operating Revenues (as defined below)), legal fees, etc.


More Definitions of Net Economic Value

Net Economic Value means the sum of the Economic Value, and any reserves or impounds funded out of Operating Revenues, less the sum of the principal amount owing on the Loan (or any refinancing of the Loan), Borrower's Equity, and normal and customary costs which would be incurred in selling the Projects (with brokerage commissions not to exceed 3% of the sales price).
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