Assessed Amount definition

Assessed Amount means the amount that the Company would receive in an all-cash sale of either (i) all issued and outstanding equity in the Company (the value of which to be calculated as if a sale of all assets and businesses as a going concern) or (ii) all of its assets and businesses as a going concern (in either case free and clear of all liens and after payment of indebtedness for borrowed money) in an arms-length transaction with an unaffiliated third party consummated on the day immediately preceding the date on which the event occurred which necessitated the determination of Assessed Amount (assuming that all of the proceeds from such sale were paid directly to the Company, or its stockholders, other than an amount of such proceeds necessary to pay transfer taxes payable in connection with such sale, which amount will not be received or deemed received by the Company, or its stockholders).
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Assessed Amount means the duty the commissioner assesses under this section as the duty that ought to be charged, or is chargeable, on a statement, return or other document, but does not include any amount payable under this section by way of a penalty.’.
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Assessed Amount has the meaning set forth in Section 6.1(iii).
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Examples of Assessed Amount in a sentence

  • For Equipment subject to personal property taxes, to liquidate such taxes LESSEE agrees to pay LESSOR an annual liquidated amount ("Assessed Amount") which shall be based upon the Equipment price (as set forth in the original Vendor Invoice), reduced by depreciation calculated in accordance with applicable depreciation schedules used by the applicable taxing jurisdiction at the applicable tax rate.

  • The Assessed Amount shall be payable by LESSEE without regard to any discounts or reduction LESSOR may obtain by reason of early payment or otherwise.

  • In addition, the Purchaser shall indemnify and hold harmless the Company's directors and officers for any and all liabilities they may have in respect of the Assessed Amount, which obligation the Company shall hold in trust for the benefit of its directors and officers.

  • Under the Acquisition Agreement, as with the Assessed Amount, such re-assessed value will be subject to adjustments arising from the completion audit as described above.

  • In addition, LESSEE shall pay LESSOR an annual Tax Administration fee equal to ten percent (10%) of the Assessed Amount charged for each Equipment Schedule, if any personal property taxes are imposed upon Equipment subject of that Equipment Schedule.

  • The Consideration based on the Assessed Amount represents a discount of approximately 14.5% to such valuation.


More Definitions of Assessed Amount

Assessed Amount means the amount to be paid by the Trustee from the Scheme assets to the Treasurer under clause 2(5) or clause 3(9) of Schedule 1B of the Act, as determined by an actuary appointed by the Treasurer. Modification of Act6. The Act is modified to the extent necessary to give effect to these regulations. T&F 02/035CS R. DENNIS, Clerk of the Council REGULATIONS UNDER THE SOUTHERN STATE SUPERANNUATION ACT 1994———— No. 135 of 2002————At the Executive Council Office at Adelaide, 27 June 2002 PURSUANT to the Southern State Superannuation Act 1994 and with the advice and consent of the Executive Council, I make the following regulations.MARJORIE JACKSON-NELSON, Governor PURSUANT to section 10AA(2) of the Subordinate Legislation Act 1978, I certify that, in my opinion, it is necessary or appropriate that the following regulations come into operation as set out below. K. FOLEY, Treasurer———————————————————SUMMARY OF PROVISIONS
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Related to Assessed Amount

  • Assessed value means 1 of the following:

  • Unused Amount means the Maximum Line reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrowers agree to pay to the Lender an unused line fee at the rate of one-quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

  • Increase Amount is defined in Section 2.3(a).

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Assessed Valuation means the amount for which the Real Property is assessed pursuant to applicable provisions of the New York City Charter and of the Administrative Code of the City of New York for the purpose of imposition of Taxes.

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).

  • Participation Amount as defined in Section 3.4(b).

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • 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.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Available Basket Amount means, at any date of determination, an amount (which shall not be less than $0) determined on a cumulative basis equal to the difference between: (a) the sum (without duplication) of: (i) $35,000,000, plus (ii) Cumulative Consolidated Net Income (which shall not be less than zero), plus (iii) the aggregate amount of dividends and distributions received by Borrower or its Restricted Subsidiaries in the form of Cash or Cash Equivalents on or prior to such date from Investments acquired or made utilizing the Available Basket Amount, plus (iv) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Second Amendment Effective Date, the fair market value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary (which shall not exceed the original amount of such Investment), plus (v) the Net Cash Proceeds received from any issuance or sale of its Equity Interests occurring after the Closing Date (other than issuances of Disqualified Stock and issuances or sales pursuant to an employee stock ownership plan or other employee benefit plan and excluding Net Cash Proceeds of any issuance or sale of Equity Interests for a specifically identified purpose that were expended for such specifically identified purpose without a corresponding reduction of the Available Basket Amount), plus (vi) the after-tax amount (after taking into account any available tax credit or deductions and any tax sharing arrangements) of all Distributions received in Cash by the Loan Parties after the Closing Date that are attributable to their Equity Interests in any Joint Venture or any Subsidiary that is not a Subsidiary Guarantor, plus (vii) all Net Cash Sales Proceeds received from Dispositions permitted by this Agreement, minus (b) the aggregate amount of all Investments, Capital Expenditures, Distributions and payments in respect of Subordinated Obligations, in each case to the extent made after the Closing Date with amounts available under the Available Basket Amount.