Net Fair Market Value definition

Net Fair Market Value means the following:

Net Fair Market Value means, in respect of any property, the net FMV of that property determined on a consolidated basis in accordance with all administrative policies of the CRA in effect at the Effective Time and, in determining Net Fair Market Value, the following principles will apply:

Net Fair Market Value means, in respect of any property, the net fair market value of that property determined on a consolidated basis in accordance with all administrative policies of the Canada Revenue Agency in effect at the time of the FirstService Share Exchange and, in determining Net Fair Market Value, the following principles will apply:

Examples of Net Fair Market Value in a sentence

• Net fair market value (FMV) of property you own (not used in the activity) that secures nonrecourse loans used to finance the activity, to acquire property used in the activity, or to acquire your interest in the activity.

• Beginning with the third year of the trust, and each year after that year, the unitrust amount for a current valuation year of the trust is the product of the unitrust rate multiplied by the average of the net fair market values of the assets held in the trust on the first business day of:(1) the current valuation year; and(2) each of the two (2) years of the trust immediately preceding the current valuation year.As added by P.L.3-2003, SEC.2. IC 30-2-15-18 Net fair market value of unitrust assetsSec.

• Net fair market value shall be determined by the Foundation in its reasonable discretion, based on the market value of the securities and other assets held, less reasonable costs and expenses under generally accepted accounting principles applicable to the Foundation.

• Net fair market value of a trust" means the fair market value of the assets of the trust[, less] minus the noncontingent liabilities of the trust.

• Net fair market value of your own property (not used in the activity) that secures nonrecourse loans used to finance the activity, to acquire property used in the activity, or to acquire your interest in the activity that will be included on line 14.

More Definitions of Net Fair Market Value

Net Fair Market Value means the cash price which a purchaser would pay on the effective day of the appraisal for all assets of the Company taking into account the nature, extent and maturity date of the liabilities of the Company, whether fixed or contingent, such valuation to be made on the assumption that such assets are subject to this Agreement and to any other agreement, including leases, management and service agreements then in effect. Such appraisals shall assume that the Project is the highest and best use of the Property subject thereto and shall be made in the usual and normal manner for real estate appraisals. The cost of the appraisal shall be an expense of the Company. The value of an interest in the Company shall be deemed to be the amount that the owner of such interest would have received under the provisions of this Agreement if the Property had been sold for cash at the value determined by such appraisal and the Company had been wound up and dissolved following such sale in accordance with the terms of this Agreement.

Net Fair Market Value with respect to any property means the amount a willing buyer would pay to an unrelated willing seller, neither having any obligation to purchase or sell, respectively, on the open market for such property, taking into account any liabilities (whether fixed, contingent or otherwise) to which such property is subject, and ignoring any lack of marketability, lack of control or other discounts, in each case as reasonably and in good faith determined by the Class A Members.

Net Fair Market Value means the fair market value of the endowment care fund at a specified point in time after deducting investment adviser fees and other operating expenses.

Net Fair Market Value of any property shall be determined on a consolidated basis in accordance with all administrative policies of the Canada Revenue Agency in effect at the time the Special Shares are issued and, in determining Net Fair Market Value, the following principles will apply:

Net Fair Market Value means an amount determined by the Board of Directors of Rubicon as of the Effective Date, as being an amount equal to the fair market value of certain assets;

Net Fair Market Value means, in connection with the contribution of an asset to the Partnership by a Partner or the distribution of an asset by the Partnership to a Partner, the Gross Fair Market Value of the asset, reduced by any liabilities (i) assumed by that Partner or the Partnership or (ii) subject to which the Partner or the Partnership acquires the asset.

Net Fair Market Value means, in respect of a Collateral Vessel, the value of such Collateral Vessel based on the average of two (2) valuations for that Collateral Vessel prima facie determined by two (2) reputable, independent and first class firms of shipbrokers appointed by and reporting to the Agent on the basis of a charter-free sale for prompt delivery for cash at arm’s length on normal commercial terms as between a willing seller and a willing buyer, less the Collateral Loan Indebtedness applicable to that Collateral Vessel.