Definition of Fair Business Value Sample Clauses

Definition of Fair Business Value. As used in this Agreement, the “Fair Business Value” means the amount a willing buyer would pay and a willing seller would accept for Race’s business enterprise in the Community (“Race’s Business”) if the Business were offered for sale in the open market, taking into consideration all reasonable factors and circumstances, including, without limitation, the cost to create another business like Race’s Business, the assets and liabilities of Race’s Business, and the anticipated net revenues from Race’s Business (capitalized or discounted as appropriate).
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Related to Definition of Fair Business Value

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