Tangible Value definition

Tangible Value means the Costs incurred in the construction or installation of Tangible Property (except installation costs properly classified as intangible costs incurred in connection with a well) properly classified as tangible costs in conformity with generally accepted accounting practices at the rate of 0.50% per month for each month during any part of which the well has been operated prior to the Effective Date of such Resulting Area..
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Examples of Tangible Value in a sentence

  • Separate adjustments for Intangible Value and Tangible Value shall be made in accordance with Section 13.4.B and Section 13.4.C.

  • The Tangible Value of each item of Tangible Property serving the Resulting Area on the Effective Date thereof shall be credited proportionately to the Parties owning the item immediately prior to the Effective Date.

  • That portion of the Tangible Value of such Tangible Property and the Intangible Value of such Usable Well that is apportioned to the Resulting Area shall be included in the adjustment made as of the Effective Date of such Resulting Area in the same manner as is the Tangible Value of Tangible Property serving only the Resulting Area.

  • For purposes of this Section 2.04, (x) an example of the Company's balance sheet as of June 30, 2003, and (y) a calculation of the Company's Net Tangible Value as of June 30, 2003, are set forth in Exhibit 2.04(a).

  • Separate adjustments shall be made by Unit Operator in the above credits and charges for: (i) the Intangible Value of each Usable Well; and (ii) the Tangible Value of Tangible Property.

  • If a Resulting Area, on the Effective Date thereof, is served by any Tangible Property or Usable Well that also serves a participating area not included in the Resulting Area, the Tangible Value of such Tangible Property and the Intangible Value of such Usable Well shall be apportioned between such Resulting Area and the participating area; provided the apportionment receives the Approval of the Parties in the Resulting Area and the participating area.

  • Within 15 days following the Closing Date, Sellers shall prepare and deliver to Buyer a balance sheet of the Business as of the Closing Date (the “Closing Balance Sheet”) and with such adjustments applied in a manner consistent with the Preliminary Valuation Balance Sheet to determine the Valuation Net Asset Tangible Value as of such date (the “Closing Valuation Balance Sheet”).

  • This calculated percentage shall be multiplied by the adjusted costs of the Disposal ▇▇▇▇▇, which shall include the Tangible Value and Intangible Value of such Disposal ▇▇▇▇▇ as determined under Article 13.

  • The Net Tangible Value of the Company shall be determined by subtracting an amount equal to the value of the Included Liabilities from an amount equal to the value of the Included Assets (the “NTA”).

  • Separate adjustments shall be made by Unit Operator in the above credits and charges for (i) the Intangible Value of each Usable Well and (ii) the Tangible Value of Tangible Property.

Related to Tangible Value

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Total Tangible Assets means, as of any date, (a) the aggregate amount of the assets (other than intangible assets, goodwill and deferred tax assets) of the Group, as disclosed on the consolidated statement of financial position in the most recent Accounts of the Group, minus (b) the lesser of (i) the aggregate value of all Project Assets subject to any Lien securing any Limited Recourse Indebtedness and (ii) the aggregate principal amount of Limited Recourse Indebtedness, in each case, as reflected in (or derived from) the most recent Accounts of the Group, plus (c) the net cash proceeds received by the Parent Guarantor from any share capital issuance by the Parent Guarantor consummated after the date of the most recent balance sheet included in such Accounts and on or prior to such date.

  • Attributable Value means, as to a Capitalized Lease Obligation under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the capitalized amount thereof that would appear on the face of a balance sheet of such Person in accordance with GAAP.

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • Fair salable value means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase.