Examples of Net Equity Value in a sentence
Fair market value, on a per-share basis, shall be deemed to be (i) the initial offering price of the Common Stock to the public in a Qualified Public Offering; and (ii) if the Common Stock is not publicly held or traded, "fair market value" shall mean the Per Share Net Equity Value of the Company as determined pursuant to Section 5.03 of the Warrantholders' Agreement.
Under an advisory agreement, dated as of July 1, 1996, as amended in May 1997 at the time of the Company's initial public offering (the "Advisory Agreement"), Westfield U.S. Advisory, L.P., receives an annual fee equal to the lesser of 25% of "Funds from Operations" in excess of the "Advisory F.F.O. Amount" and 0.55% of the "Net Equity Value" of the Company's assets.
The Owner shall pay to the Advisor an annual Advisory Fee equal to the lesser of (a) .55% of the Net Equity Value of the Owner for such annual period, or (b) 25% of the annual "Funds from Operations" (as hereinafter defined) in excess of the "Advisory FFO Amount" (as hereinafter defined).
As of the date of the Distribution Event, the Phantom Unit Value shall be equal to the Net Equity Value divided by 10,000.
The Company Net Equity Value shall be equal to or greater than $585,100,000.