PX Value definition

PX Value means the amount in pounds sterling calculated in accordance with the following formula: PX Value = X – (Y+Z) Where: X is the Market Value of the relevant PX Property Y is the aggregate of all costs, fees, expenses incurred or expected to be incurred by the Developer in purchasing, holding, improving and selling the relevant PX Property prior to its disposal and the costs actually incurred or expected to be incurred by the Developer in respect of agent’s and legal fees relating to the purchase and resale of the PX Property subject to an aggregate maximum of 5% of the Market Value of the PX Property Z is the price at which the PX Property was acquired by the Developer pursuant to the contract for the disposal of the relevant Dwelling provided that for the avoidance of doubt the PX Value may be a positive or negative figure (cc) Relevant Row means the row of the table that appears at paragraph 5.3 identified pursuant to paragraph 5.2 (dd) SDLT Percentage Rate means the percentage rate at which Stamp Duty Land Tax is payable by the Developer on Homes England’s Payment
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Related to PX Value

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Index Value means, in relation to any Reference Rate Business Day:

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.