Market Approach Sample Clauses

Market Approach it considers to determinate the cost to acquire a property similar to the Leased Property, at the same market area. The characteristics of the identified operations shall be compared to the Leased Property under conditions of location, size, quality, purchase expenses, market conditions on the sale date, physical characteristics, etc.
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Market Approach. The Market Approach to valuation is a general way of determining a value indication of a business or an equity interest therein using one or more methods that compare the subject entity to similar businesses, business ownership interests and securities (investments) that have been sold. Examples of methods applied under this approach include, as appropriate: • The Guideline Public Company Method, APPENDIX C OPTIMAL GROUP INC. FORMAL VALUATION AS AT DECEMBER 31, 2009 OVERVIEW OF VALUATION METHODOLOGIES • The Merger and Acquisition Method; and • Analyses of prior transactions of ownership interests in the subject entity. The Guideline Public Company Method The Guideline Public Company Method is a method whereby market multiples are derived from market prices of actively traded stocks of companies that are engaged in the same or similar lines of business. Under this method, guideline company data is gathered in order to develop value measures that can be applied to the subject company’s financial data, in order to reach an indication of value for the issued shares of the subject entity. To the extent that the risk associated with an investment in the subject entity is different from that of the guideline companies, subjective adjustments are made to the market-based ratios to reflect such differences.
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Market Approach. Good sales data was obtained involving comparable properties within the market. Seven sales of similar apartment developments within the Tampa/St. Petersburg Metropolitan Area were reviewed which were considered to provide a good indication of market value for the subject property. Therefore, recognizing the good market data which was available for utilization within the Market Approach, this approach to value has been heavily weighted when estimating a correlated value for the subject property. Summary Comments and Conclusions: -------------------------------- The Cost Approach to value is generally well supported with adequate data being available to develop replacement cost and depreciation estimates. However, the subject is significantly effected by external obsolescence and limited land sales data was available upon which to estimate the land value of the subject site. The Cost Approach to value has produced a value indication at the middle of the range reflected by the three approaches reviewed herein, but has ultimately been given little consideration when correlating a value estimate for the subject property. Both the Income and Market Approaches to value appear well supported and good market data was available for utilization when developing these approaches to value. In addition, both of these approaches are currently considered by most buyers and sellers to be most relevant when analyzing or valuing income producing properties like the subject. Therefore, these approaches to value have been given equal weight and consideration when estimating a correlated market value for the subject property. Based upon this data, it was the Appraiser's opinion that the market value of the subject property, based upon market conditions existing on January 22, 1998, and subject to the limiting conditions and contingencies set out herein, was: EIGHT MILLION FOUR HUNDRED FIFTY THOUSAND DOLLARS ($8,450,000) ----------------------------------------------------------------------------- DEFINITION OF MARKET VALUE ----------------------------------------------------------------------------- The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer unde...
Sample 1
Market Approach. Guideline Public Company Method In the Guideline Public Company Method, PwC considered the trading multiples of the selected Guideline Companies. A brief description of selected Guideline Companies are included in Appendix 1. There are no exact comparables as a result of differences in size, financial composition, market coverage, product offerings, etc. This is particularly true of companies in the forest and paper industry, where public companies are generally large integrated producers with large variations in product mix. PwC analyzed EV to TTM EBITDA multiples for the Guideline Companies, EV to fiscal year ("FY") 2016 EBITDA multiples where forecast data was available for the Guideline Companies. 15 To arrive at the gross debt balance, net of cash, of approximately $524 million used to calculate the FMV of the Shares, PwC added back deferred financing costs (which were netted against debt for accounting purposes) of approximately $5.0 million and deducted the cash balance of $6.5 million. The Guideline Companies and related trading multiples are shown below: Enterprise Value/ Company16 Currency17 Market Cap ($Millions) 18 EV ($Millions) TTM EBITDA Margin19 TTM EBITDA FY 2016 EBITDA20 Canfor Pulp Products Inc. CAD 675.7 693.8 15.8% 3.7x 4.1x Cascades Inc. CAD 1,205.8 2,961.8 11.5% 6.4x 6.8x Clearwater Paper Corp. USD 899.5 1,481.7 12.4% 6.9x 7.0x Domtar Corp. USD 2,261.7 3,465.7 13.2% 5.1x 5.2x International Paper Co. USD 18,508.2 26,867.2 17.3% 7.4x 7.3x Mxxxxx International Inc. USD 511.1 994.4 20.0% 5.2x 5.6x Neenah Paper Inc. USD 1,338.1 1,552.8 16.1% 10.1x 9.7x PH Gxxxxxxxxx Co. USD 941.8 1,250.7 10.3% 7.4x 7.3x Resolute Forest Products Inc. USD 425.1 1,012.1 6.2% 4.6x 3.2x Tembec Inc. CAD 104.0 798.0 8.6% 6.3x 6.0x Verso Corp. USD 195.4 623.4 7.2% 3.0x nmf. Mean excluding high and low 12.5% 5. x 6.2x Median 12.4% 6. x 6.4x Low 6.2% 3.0x 3.3x High 20.0% 10.1x 9.11x Trading Multiples - Guideline Public Companies EV to TTM EBITDA The EV to TTM EBITDA multiples for the Guideline Companies is in the range of 3.0 times to 10.1 times with a mean (excluding the high and low) of 5.9 times and a median of 6.3 times.
Sample 1
Market Approach. PFM will also consider the market approach to valuing Park. However, we note that there are few comparable utility acquisition transactions similar to Client’s proposed acquisition. Nevertheless, we believe it is prudent to consider this approach and to utilize the available sales in the valuation process.
Sample 1

Related to Market Approach

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  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

  • Competing Products The provisions of Section 21 are set forth on attached Exhibit H and are incorporated in this Section 21 by this reference.

  • Regulatory Milestones Celgene shall make the following approval milestone payments to Jounce that are set forth below upon the first achievement by or on behalf of Celgene, its Affiliates or Sublicensees of the Regulatory Milestone Events set forth below with respect to the first Co-Co Product that achieves such event. For clarity, each milestone set forth below shall be due and payable one time only (regardless of the number of Co-Co Products to achieve any such Regulatory Milestone Event). CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. Regulatory Milestone Event (For the first Co-Co Product that achieves such event) Milestone Payments (in $ millions) [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] For each of Paragraphs (1) - (3) of this Exhibit C-2, the Parties understand and agree that in no event will more than one (1) milestone payment be paid with respect to any specific event triggering a payment under this Jounce Lead Co-Co Agreement.

  • Regulatory Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.

  • Market Activities The Company will not, directly or indirectly, (i) take any action designed to cause or result in, or that constitutes or might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Common Stock or (ii) sell, bid for or purchase the Common Stock, or pay anyone any compensation for soliciting purchases of the Common Stock.

  • Open Market Transactions We agree to abide by Regulation M under the Exchange Act and we agree not to bid for, purchase, attempt to purchase, or sell, directly or indirectly, any Securities, any other Reference Securities (as defined in Regulation M) of the issuer, or any other securities of such issuer as you may designate, except as brokers pursuant to unsolicited orders and as otherwise provided in this Agreement. If the Securities are common stock or securities convertible into common stock, we agree not to effect, or attempt to induce others to effect, directly or indirectly, any transactions in or relating to any stock of such issuer, except to the extent permitted by Rule 101 of Regulation M under the Exchange Act.

  • Product Changes Vocera shall have the right, in its absolute discretion, without liability to End User, to update to provide new functionality or otherwise change the design of any Product or to discontinue the manufacture or sale of any Product. Vocera shall notify End User at least 90 days prior to the delivery of any Product which incorporates a change that adversely affects form, fit or function (“Material Change”). Vocera shall also notify End User at least 90 days prior to the discontinuance of manufacture of any Product. Notification will be made as soon as reasonably practical for changes associated with regulatory or health and safety issues.

  • Competing Transactions From the date of this Agreement until the earlier to occur of the Closing and the termination of this Agreement, the Company shall provide written notice to each Purchaser not less than 48 hours prior to the Company or any Subsidiary of the Company (i) entering into a definitive agreement providing for a Competing Transaction or (ii) filing a motion with the Bankruptcy Court seeking to obtain bid procedures or bid protections for or in connection with a Competing Transaction.

  • Competitive Products Competitive Products" means products that serve the same function as, or that could be used to replace, products the Company provided to, offered to, or was in the process of developing for a present, former, or future possible customer/partner at any time during the twelve (12) months immediately preceding the last day of Participant's employment (or at any time during Participant's employment if Participant was employed for less than 12 months), with which Participant had direct responsibility for the sale or development of such products or managing those persons responsible for the sale or development of such products.

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