Worth definition
Worth means the total amount (exclusive of GST) to be paid to the supplier for the goods, services or works for the full term including known options and/or optional periods. For contracts under which Council receives revenue, the thresholds above apply and ‘worth’ refers to the total amount to be paid to Council.
Worth as used in this provision, is computed by discounting the total at the discount rate of the Federal Reserve Bank of San Francisco at the time of the judgment, or award, plus one percent (1%).
Worth means, with respect to any Guarantor, the greatest of the Net Worths of such Guarantor calculated as of the following dates: (A) the date on which such Person becomes a Guarantor, and (B) the date on which such Guarantor expressly reaffirms this Guaranty or the other guaranty to which it is a party. The meaning of the terms "FAIR VALUATION" and "FAIR SALEABLE VALUE" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws. The rights and obligations of each Guarantor established pursuant to this paragraph (and the related paragraphs of the other Subsidiary Guaranties) shall be subject to the restrictions and limitations benefiting the Collateral Agent and the Noteholders set forth in the preceding two paragraphs. Guarantor agrees to pay, or cause to be paid, on demand, and to save the Collateral Agent harmless against liability for, (i) any and all costs and expenses (including fees, costs of settlement and disbursements of counsel and allocated costs of internal counsel) incurred or expended by the Collateral Agent in connection with the enforcement of or preservation of any rights under this Guaranty and (ii) any and all costs and expenses (including those arising from rights of indemnification) required to be paid by Guarantor under the provisions of any other Credit Document to which it is party. Any monies paid by the Guarantor to the Principal Paying Agent or a Paying Agent for payment of Guarantied Obligations which remain unclaimed for two years after such monies have become due and payable will be repaid to the Guarantor and the beneficiaries of this Guaranty may thereafter look only to the Issuer and the other Credit Parties, as the case may be, for payment thereof. All of the provisions of this Guaranty shall be binding upon the Guarantor and its successors, permitted transferees and assigns and inure to the benefit of, and be enforceable by, the Collateral Agent and its successors, transferees and assigns and Requisite Noteholders as defined and provided in the Collateral Agency Agreement; it being understood that the rights and remedies under this Guaranty shall not be enforceable by an individual holder of a legal or beneficial interest of a Note unless such holder is acting with the instructions or at the request of Requisite Noteholders. The Guarantor hereby further agrees that any amounts to be pai...
Examples of Worth in a sentence
Name: Name: Principal Business Address: Principal Business Address Telephone Number: Telephone Number: City of Lake Worth Beach ▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Lake Worth Beach, FL 33460 (561) 586-1654 Date: Amount: Description (Name and Location): Date (Not earlier than Contract Date): Amount: Modifications to this Bond Form: This Bond is issued in favor of the City of Lake Worth Beach/Owner conditioned on the full and faithful performance of the Contract.
All notices, demands or requests from the CONTRACTOR to the CITY shall be given to the CITY address as follows: City of Lake Worth Beach Attn: City Manager/Finance Department/Procurement Division ▇ ▇.
All insurance, other than Workers’ Compensation, required hereunder shall specifically include the “City of Lake Worth Beach” as an “Additional Insured” on a primary, non-contributory basis, and the CONTRACTOR shall provide additional insured endorsements section of Certificates of Insurance.
One certification shall reflect the Tangible Net Worth calculated as of the end of the fiscal year of the reporting entities based on information reported in Section 5.10.2.2.2, or, if the reporting entities have different fiscal years, as of December 31; and one certification shall reflect the Tangible Net Worth calculated as of the end of the most recently closed fiscal reporting period.
The CONTRACTOR’s invoices shall be submitted to: City of Lake Worth Beach Attn: Financial Services Department/Procurement Division ▇ ▇.
More Definitions of Worth
Worth means the net worth ACPT, or ACPT and the Borrower combined, as the case may be, less any good will and deferred costs, as calculated on a GAAP basis."
Worth as used in this provision, is computed by discounting the total at the discount rate of the Federal Reserve Bank of Atlanta at the time of the judgment, or award, plus one percent (1%). ATTORNEYS' FEES/COLLECTION CHARGES
Worth. The Worth shall be computed by applying the primary credit discount rate of the Federal Reserve Bank of Minneapolis or an equivalent rate selected by Landlord if no longer published as of the date of termination to get a present value. Lease Agreement – Antares Pharma, Inc. Page 33 Minnetonka, Minnesota
Worth as used in this provision is computed by discounting the total at the discount rate of the Federal Reserve Bank of San Francisco at the time of the judgment or award plus one percent (1%). Property removed from the Premises may be stored in a public or private warehouse or elsewhere at the sole cost and expense of Tenant. In the event that Tenant shall not immediately pay the cost of storage of such property after the same has been stored for a period of thirty (30) days or more, Landlord may sell any or all there of at a public or private sale in such manner and at such times and places at Landlord in its sole discretion may deem proper, without notice to or demand upon Tenant.
Worth. The Worth shall be computed by applying the primary credit discount rate of the Federal Reserve Bank of Minneapolis or an equivalent rate selected by Lessor if no longer published as of the date of termination to get a present value.
Worth of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the "NET WORTH" of each Guarantor shall mean the amount by which the fair salable value of such Guarantor's assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guaranty) on such date. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 26, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.
Worth at the time of "award" as used in (1) and (2) above shall be computed at the lesser of the "prime rate", as announced from time to time by ▇▇▇▇▇ Fargo Bank, N.A., (San Francisco) or its successor, plus five (5) percentage points, or the maximum interest rate allowed by law (Applicable Interest Rate). The "worth at the time of award" as used in (3) above shall be computed by discounting such amount at the Federal Discount Rate of the Federal Reserve Bank of San Francisco at the time of the award plus one percent (1%). If this Lease provides for any periods during the Term during which Tenant is not required to pay Base Rent or if Tenant otherwise receives a Rent concession, then upon the occurrence of an event of default, Tenant shall owe to Landlord the full amount of such Base Rent or value of such Rent concession, plus interest at the Applicable Interest Rate, calculated from the date that such Base Rent or Rent concession would have been payable.