Realizable definition
Examples of Realizable in a sentence
The Net Realizable Value of an Option Share at any time shall be the fair market value of such share at such time less the sum of (i) the Option Price for such Option Share, and (ii) a provision for taxes equal to the difference between such fair market value and such Option Price (the "Option Gain") multiplied by the highest rate of federal and state income tax to which the Option Gain will be subject (with offset for deductibility of such state taxes).
Such notice shall indicate the estimated quantities of Royalty Oil, Cost Oil and Profit Oil, each Party's estimated Lifting Allocation and the estimated Realizable Price used to prepare such estimated Lifting Allocations.
Realizable Unrealized Profits, up to a maximum amount of $50,000,000; less $ 70 % $ K.
The Security Interest shall, in any event, be limited to such number of shares of Common Stock (and to the Option to the extent corre- sponding to such shares) that, as of the date of such Additional Security Notice, would, upon sale at a price per share equal to the closing price of the Common Stock on the New York Stock Exchange, generate Net Realizable Value equal to the projected amount of the Security Shortfall.
A valuation formula for the Realizable Price shall be agreed to by the Parties not later than nine (9) months after the first lifting.
For the avoidance of doubt, Realizable Fee for any comparable period shall be calculated with reference to the traffic determined hereunder.
The Realizable Price shall be based on a single weighted average price for all Available Crude Oil in the month, based on the international FOB market price at the Delivery Point.
The Parties shall meet and mutually agree on any appropriate modifications to such agreed Realizable Price, which may be required to reflect any change in the market value of the Crude Oils as a result of commingling.
The Realizable Value of ▇▇▇▇ Atlantic Common Stock shall be determined in a process identical to that set forth in Section 5.2(a)(i) and (a)(ii) for the determination of Monetizable Interests Percentage.
Should the proceeds from the Additional Shares prove to be insufficient for Petro Source Corporation to realize in cash the Realizable Amount, Petro Source Corporation may demand that Foreland pay such deficiency, in which case Foreland shall, within five days after such demand, pay Petro Source Corporation such deficiency in cash.