recoverable value definition
recoverable value means the mass of recoverable content of cane delivered by a grower to a mill for crushing, which mass represents recoverable sugar moderated by the value of recoverable molasses of such cane, taking into account adjustments in respect of the sucrose, non-sucrose and fibre content thereof, and which mass of recoverable content shall be calculated in terms of the procedures contained in the Official Methods Manual;
recoverable value means the sum of the gross cash proceeds from all sales of the Company’s assets on or after March 15, 2020 (whether product sales in the ordinary course of business, liquidation sales, enterprise sale or non-ordinary course transactions) net of ordinary course operating expenses, but before satisfaction of (i) extraordinary transaction or other fees or expenses related to implementation of any strategic alternative, (ii) restructuring fees and expenses, and (iii) any administrative expenses required to be paid under the Chapter 11 Plan (whether paid prior to, on, or after the effective date of the Chapter 11 Plan). Recoverable Value is intended to measure the full benefit to the Company or its estate of any enterprise sale or other strategic transaction, and shall be calculated to include all cash consideration (including the full value of any amounts held back at closing of any such sale or transaction, which amounts shall be included as if all such amounts had been paid in full in cash at the closing) and non-cash consideration (including by treating assumed liabilities as if they had been paid in cash, in full at the closing). Recoverable Value shall be determined by the Board.
recoverable value means the amount equal to (i) Ending Cash plus (ii) eighty-five percent (85%) multiplied by Ending Accounts Receivable plus (iii) seventy percent (70%) of Inventory allocated to Qualifying Orders plus ten percent (10%) of the non-allocated Inventory plus (iv) twenty-five percent (25%) multiplied by Prepaid Expenses plus (v) twenty-five percent (25%) multiplied by Fixed Assets plus (vi) Expected Backlog Margin minus (vii) Accounts Payable minus (viii) Other Current Liabilities (excluding customer deposits).