Value Adjusted Total Assets means the Total Assets of the Guarantor adjusted in each case for the difference of the book value of the Fleet Vessels (as evidenced in the most recent financial statements delivered pursuant to Clause 12.1.1(Financial statements)) and the Fleet Market Value).
Value Adjusted Total Assets means, on a consolidated basis, the total market value of all of the assets of the Guarantor (on a consolidated basis), however excluding Cash and Cash Equivalents in excess of the minimum Cash and Cash Equivalents requirements in Clause 14.2.4 (Cash and Cash Equivalents).
Value Adjusted Total Assets has the meaning given to that term in Clause 20.1 (Financial definitions).
Examples of Value Adjusted Total Assets in a sentence
Definitions: Equity Ratio: means the ratio of Value Adjusted Equity to Value Adjusted Total Assets.
Value Adjusted Equity Ratio means the ratio of Value Adjusted Equity to Value Adjusted Total Assets.
Value Adjusted Total Assets: means the Issuer's consolidated total assets adjusted for the Market Value of the Rigs.
Our Value Adjusted Total Assets are [ ]; Our Value Adjusted Total Liabilities are [ ]; and our Market Adjusted Net Worth is therefore [ ].
Value Adjusted Total Assets means the Borrower's consolidated total assets adjusted for the market value of the rigs.
More Definitions of Value Adjusted Total Assets
Value Adjusted Total Assets means on consolidated basis, the book value of all assets (both tangible and intangible) at the relevant time, as determined by GAAP, adjusted with Excess Values.
Value Adjusted Total Assets means, on a consolidated basis, the total market value of all of the assets of the Borrower, which shall be determined as follows:
Value Adjusted Total Assets means the amount which is equal to the total assets of the Borrower as shown in the Borrower’s latest balance sheet delivered pursuant to Clause 10.2.3 of this Agreement less the goodwill (if any) of the Borrower as shown in such balance sheet, with the value of the Vessels adjusted to reflect their most recent Valuations.
Value Adjusted Total Assets means an amount which is equal to the “Consolidated Total Assets” of the Company (as shown in the Company’s most recent balance sheet in accordance with IFRS), less the goodwill, patents, trademarks, licenses and all other assets of the Company which would be treated as intangible under IFRS (if any), and adjusted to reflect the market valuations of the vessels of the Company. The market value of such vessels to be determined quarterly by an Approved Broker, with or without physical inspection of the relevant vessel on the basis of a sale for prompt delivery for cash at arm’s length on normal commercial terms as between a willing buyer and seller, on an “as is, where is” basis, free of any existing charter or other contract of employment and/or pool arrangement. All valuations shall be at the Company’s cost.
Value Adjusted Total Assets means, in respect of any Accounting Period, an amount which is equal to the Total Consolidated Assets of the Borrower less goodwill (if any), adjusted (in the case of the Ships then subject to a Mortgage) to reflect the current market value of the Ships then subject to a Mortgage (as determined in accordance with Clause 15.5 by valuations made as close as is reasonably practicable to the date by reference to which a calculation is to be made for the purposes of those provisions of this Agreement where this defined term applies);
Value Adjusted Total Assets means an amount which is equal to the "Consolidated Total Assets" of the Parent (as shown in the Latest Balance Sheet), less the goodwill, patents, trademarks, licenses and all other assets of the Parent which would be treated as intangible under IFRS (if any), and adjusted to reflect the market valuations of the vessels of the Parent. The market value of such vessels to be determined quarterly by an Approved Broker, or at the request of the Majority Lenders, calculated as the average of valuations of such Vessel obtained from two Approved Brokers, in each case, with or without physical inspection of the relevant vessel on the basis of a sale for prompt delivery for cash at arm's length on normal commercial terms as between a willing buyer and seller, on an "as is, where is" basis, free of any existing charter or other contract of employment and/or pool arrangement. If the higher of the two (2) valuations differ by a margin of more than ten per cent (10.00%) from the lower of the two (2) valuations, then a valuation from a third Approved Broker appointed by the Agent shall be obtained and the fair market value of the relevant vessel shall be the average mean of the three (3) valuations. All valuations shall be at the Parent's cost.
Value Adjusted Total Assets means an amount which is equal to the “Consolidated Total Assets” of the Guarantor (as shown in the Latest Balance Sheet) (adding thereon the value of Current Bareboat Charters), less the goodwill, patents, trademarks, licenses and all other assets of the Guarantor which would be treated as intangible under IFRS (if any), and adjusted to reflect the market valuations of the vessels of the Guarantor. The market value of such vessels to be established semi-annually by two (2) Approved Ship Brokers and copies of such valuations shall be submitted to the Agent on request.