Total Present Value definition

Total Present Value means, as of any date of determination, the calculation of the present value (discounted at 9% per annum) of the projected future net revenues attributable to the Total Present Value Production. Each calculation of such projected future net revenues shall be made in accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event (i) appropriate deductions shall be made for severance and ad valorem taxes, and for operating, gathering, transportation and marketing costs required for the production and sale of such reserves (other than those payable to another Loan Party), (ii) appropriate adjustments shall be made for Hedge Contracts permitted by this Agreement as in effect on the date of such determination, (iii) the pricing assumptions used in determining Total Present Value for any particular reserves shall be based upon the Strip Price in effect on the last day of the fiscal month immediately preceding the date of such determination, and (iv) the cash-flows derived from the pricing assumptions set forth in clauses (ii) and (iii) above shall be further adjusted to account for the contracted basis differential in a manner reasonably acceptable to the Administrative Agent; provided, however, that for purposes of this calculation, no more than 30% of the Total Present Value shall be attributable to Oil and Gas Properties described in the most recently delivered Engineering Report that are not categorized as PDP Reserves.
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Total Present Value means an amount, based on the most recent Engineering Report or other applicable information provided by Borrower as of the applicable determination date, equal to the sum of (i) 100% of the PDP NPV plus (ii) 100% of the PDNP NPV plus (iii) 100% of the PUD NPV; provided that, if the amount in clause (i) does not constitute at least 60% of the Total Present Value as so calculated, then the Total Present Value shall be equal to an amount equal to (A) 100% of the PDP NPV divided by (B) .60.
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Total Present Value means, in case of a Financial Offer comprising of Financial Consideration Installments, the current value of an equivalent future payment or series of payments, or both, which is calculated using an annual discount rate of 10%.
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Examples of Total Present Value in a sentence

  • In case a Bidder by mistake quotes a Lease Premium lower than 8 times its offer against Annual Lease Rent and if it is declared as Selected Bidder, the Lease Premium and Annual Lease Rent of its Bid shall be re-computed by the Authority for making the amount against Lease Premium at least 8 times the amount of Annual Lease Rent keeping the Grand Total Present Value of Lease Premium and Annual Lease Rent the same as arrived at under column 4 above.

  • If a promotional list is exhausted in less than twelve (12) calendar months, the Fire Chief, at his discretion, may request an additional promotional examination at the rank.

  • The Grand Total Present Value offered is for the area of Site and built up area specified above.

  • If, according to the Statute and these Rules, the composition of the chamber requires the approval of the parties which cannot be obtained within time-limits fixed by the Tribunal, the request shall be dealt with by the Tribunal.

  • Total Present Value of Projected Benefits Pre-MedicareMedicareWelfare FundsPart B PremiumCadillac TaxTotala.

  • The sum of these present value amounts equals the Total Present Value of a prepayment in full.

  • Outsourcing criteria (size of project, complexity, �ming, resource availability, etc.) should be developed to guide FAC when to engage outside resources for various phases of a project (cost es�ma�ng, project scoping, design, etc.).

  • Total Present Value of Projected BenefitsPre-Medicare Medicare Welfare Funds Part B Premium Cadillac Tax Totala.

  • For purposes of this study, we regard differences of less than 3% to be immaterial for the Total Present Value of Benefits (PVFB) and 2% to be immaterial for the review of census data.

  • Total Present Value of Projected Benefits Pre-Medicare Medicare Welfare Funds Part B Premium Cadillac Tax Totala.

Related to Total Present Value

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Net Present Value means the net present value calculated as at 30 September in the year in which the relevant Reference Notice is given or, where in any year no Reference Notice is given under paragraph 14 but the Water Services Regulation Authority gives a notice to the Appointee under paragraph 15, as at 30 September in the year in which the Water Services Regulation Authority gives the notice, by discounting subsequent cash flows and inflating earlier cash flows at the Appropriate Discount Rate, assuming all cash flows in any Charging Year occur on 30 September in that Charging Year; a "Notified Item" is any item notified by the Water Services Regulation Authority to the Appointee as not having been allowed for (either in full or at all) in making a Relevant Determination; and for the purpose of this definition:

  • Present Value means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Total Price means the amount specified as such in the Quote.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Lease Balance means, with respect to the Leased Properties, as of any date of determination, an amount equal to the sum of all Funding Party Balances.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Actuarial equivalent means a benefit of equal value when

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Base Period Income Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.