SPV Equity Value definition

SPV Equity Value means, as of any date of determination, the sum of the net asset value of each Financing Subsidiary; provided that if the net asset value of any Financing Subsidiary is negative, it shall be excluded from such calculation.
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Examples of SPV Equity Value in a sentence

  • At any time when the Borrowing Base is less than 1.50x of the aggregate Covered Debt Amount, the Borrower will not permit the sum of (a) Obligors’ Net Worth plus (b) 30% of SPV Equity Value at any time to be less than the sum of (i) Unsecured Longer-Term Indebtedness plus (ii) accrued but unpaid Advisory Fees at such time.

  • In the event of any material damage or destruction to the Hydro Assets, the Issuer and the Investor shall equitably adjust the Tax Affected Hydro SPV Equity Value to reflect such damage or destruction and the anticipated impact on EBITDA.

  • Investor shall be permitted to exercise the Exchange Right contemporaneously with a Permitted Hydro Asset Sale at the Tax Affected Hydro SPV Equity Value (as defined in the Exchangeable Securities Terms).

  • To the extent such Hydro Equity Interest would otherwise exceed 49%, the Issuer shall pay to the Investor a cash amount equal to the product obtained by multiplying (x) that portion of such Hydro Equity Interest that would otherwise exceed 49% by (y) the Tax Affected Hydro SPV Equity Value calculated in the same manner as set forth in Section 2.4(a).

  • A Hydro SPV Equity Value H Less Tax Deficiency Value I = A – H Tax Affected Hydro SPV Equity Value J Investment Amount J/I Investor’s ownership percentage Unless both parties agree otherwise, an independent tax accounting firm to be jointly engaged, and to be agreed upon, by the parties before the payment of the Equity Redemption Amount, shall verify the Issuer’s calculation of the tax pools and the Tax Deficiency Value.

  • The Borrower will not permit the sum of (a) Obligors’ Net Worth plus (b) 30% of SPV Equity Value at any time to be less than the sum of (i) Unsecured Longer-Term Indebtedness plus (ii) accrued but unpaid Advisory Fees at such time.

  • To the extent such Hydro SPV Equity would otherwise so exceed 49%, the Issuer shall pay additional consideration to the Investor for the Securities, in cash, in an amount equal to the amount by which the aggregate Redemption Price for all Securities exceeds the product of the Tax Affected Hydro SPV Equity Value multiplied by 49%.

  • In the event that all Securities are not Exchanged as a result of Section 2.9(a), the Exchange Right shall be adjusted accordingly to provide that the Holder of any such Securities shall at any time thereafter be entitled to exercise the Exchange Right upon the restrictions in Section 2.9(a) no longer being applicable, and the amounts to be delivered in accordance with such Exchange shall be determined based on the Tax Affected Hydro SPV Equity Value at the time of the initial Exchange Notice.

  • A Hydro SPV Equity Value H Less Tax Deficiency Value I = A – H Tax Affected Hydro SPV Equity Value J Investment Amount J/I Investor’s ownership percentage Unless both parties agree otherwise, an independent tax accounting firm to be jointly engaged, and to be agreed upon, by the parties before the Exchange, shall verify the Issuer’s calculation of the tax pools and the Tax Deficiency Value.

Related to SPV Equity Value

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Equity Value means the amount by which the true and fair value of a residence exceeds the total amount of all liens, obliga- tions, and encumbrances against the property, excluding deferral liens. As used in this context, the "true and fair value" of a resi- dence is the value shown on the county tax rolls maintained by the as- sessor for the assessment year in which the deferral claim is made.

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • 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.

  • 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).