Present worth definition
Present worth or "present value" means that the present amount of money if increased at the applicable postretirement or preretirement interest rate assumption specified in section 356.215, subdivision 8, and based on the mortality table adopted by the board of trustees based on the experience of the fund as recommended by the actuary retained deleted text beginby the Legislative Commission on Pensions and Retirement deleted text endnew text beginunder section 356.214, and approved under section 356.215, subdivision 18,new text endwill at retirement equal the actuarial accrued liability of the annuity already earned.
Present worth means the time-equivalent value of past, present or future cash flows as of the beginning of the base year.
Present worth means, at any time and from time to time, the before income tax future cash flow from the sale of oil and gas to be produced from the Proved Reserves attributable to the Borrowing Base Oil and Gas Properties, as set forth in the most recent Reserve Report delivered from Borrower to Agent pursuant to Section 2.06, discounted to present value at the rate of nine percent (9%) per annum, and adjusted to incorporate the following additional criteria: (1) the Hydrocarbon prices used shall be those stated in Agent's then current Hydrocarbon pricing guidelines, adjusted for Permitted Hedge Agreements that are in place, and
Examples of Present worth in a sentence
Present worth shall be determined by discounting such unaccrued Rental Payments from their respective due dates at the Rate of 5.50%.
Present worth shall be determined by discounting such unaccrued rentals from their respective due dates at the rate of 6.0%.
Present worth shall be determined by discounting such unaccrued Rental Payments from their respective due dates at the Rate of 0.00 %.
More Definitions of Present worth
Present worth means the cumulative present worth as calculated to the Date of Initial Commercial Operation using an eleven percent (11%) discount rate and, with respect to any Deliveries and curtailed kWh subject to pricing under Article 4.5, shall reflect the difference between rates for On-Peak Periods and Off-Peak Periods.
Present worth shall be computed by discounting such amount to present worth at a rate equal to one percentage point above the discount rate then in effect at the Federal Reserve Bank.
Present worth means equivalent present value which is calculated by converting costs that are anticipated to occur at different times to a present value considering inflation and the discounting effect of interest. The discount rate to be used in the analysis will be derived from the average annual Treasury Bill rate. The adjustment for inflation used in the analysis will be based on the Federal Bureau of Labor Statistics' Producer Price Index-all commodity category. The span of time used in this calculation will be a 10-year period.