Present worth definition

Present worth or "present value" means that the present amount of money if increased at the applicable postretirement or preretirement interest rate assumption specified in section 356.215, subdivision 8, and based on the mortality table adopted by the board of trustees based on the experience of the fund as recommended by the actuary retained deleted text beginby the Legislative Commission on Pensions and Retirement deleted text endnew text beginunder section 356.214, and approved under section 356.215, subdivision 18,new text endwill at retirement equal the actuarial accrued liability of the annuity already earned.
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Present worth means, at any time and from time to time, the before income tax future cash flow from the sale of oil and gas to be produced from the Proved Reserves attributable to the Borrowing Base Oil and Gas Properties, as set forth in the most recent Reserve Report delivered from Borrower to Agent pursuant to Section 2.06, discounted to present value at the rate of nine percent (9%) per annum, and adjusted to incorporate the following additional criteria: (1) the Hydrocarbon prices used shall be those stated in Agent's then current Hydrocarbon pricing guidelines, adjusted for Permitted Hedge Agreements that are in place, and
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Present worth means the time-equivalent value of past, present or future cash flows as of the beginning of the base year.
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Examples of Present worth in a sentence

  • Permit the sum of the Outstanding Credit Exposure plus the outstanding balance of all other loans and capital leases that Borrower is obligated to repay to exceed at any time ninety percent (90%) of the Present Worth of the Borrowing Base Oil and Gas Properties.

  • The Proved Developed Producing Future Net Reserves are 1,176,008 MCF, with Future Net Revenue of $4,353,737, and a 10% Discounted Present Worth of $3,446,997.

  • The Summary has Future Net Reserves of 1,531,026 MCF with Future Net Revenue of $5,273,961 with a 10% Discounted Present Worth of $4,073,322.

  • The value of the ARTC has not been included in the Net Present Worth values.

  • The aggregate value of the Credo Entities’ Proved Development Non-Producing Reserves (Present Worth at 10%) as set forth in the most recent Engineering Report furnished to Agent pursuant to §7.4(k).

  • The aggregate value of the Credo Entities’ Proved Undeveloped Reserves (Present Worth at 10%) as set forth in the most recent Engineering Report furnished to Agent pursuant to §7.4(k).

  • FNR: Future Net Revenue PW: Present Worth of Future Net Revenue Discounted at 10 percent.

  • We estimate the net reserves and future net revenue to the Goodrich interest in these properties, as of December 31, 2009, to be: Net Reserves Future Net Revenue (M$) Category Oil (MBBL) Gas (MMCF) Total Present Worth at 10% (1) Estimates of proved undeveloped reserves have been included for certain locations that would generate positive future net revenue but would have negative present worth discounted at 10 percent based on the constant prices and costs discussed in subsequent paragraphs of this letter.

  • We estimate the oil reserves and future net revenue to the VAALCO interest in these Gabon properties, as of December 31, 2009, to be: Oil Reserves Future Net Revenue (M$)Category Gross (MBBL) Net(1) (MBBL) Total Present Worth at 10%Totals may not add because of rounding.

  • Present Worth (PW) of Proved Developed Producing (PDP) Oil and Gas Properties Discounted At __________.


More Definitions of Present worth

Present worth shall be computed by discounting such amount to present worth at a rate equal to one percentage point above the discount rate then in effect at the Federal Reserve Bank of Richmond.
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Present worth means the cumulative present worth as calculated to the Date of Initial Commercial Operation using an eleven percent (11%) discount rate and, with respect to any Deliveries and curtailed kWh subject to pricing under Article 4.5, shall reflect the difference between rates for On-Peak Periods and Off-Peak Periods.
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Present worth means the cumulative present worth as calculated to the Date of Initial Commercial Operation using an eleven percent (11%) discount rate.
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Present worth means equivalent present value which is calculated by converting costs that are anticipated to occur at different times to a present value considering inflation and the discounting effect of interest. The discount rate to be used in the analysis will be derived from the average annual Treasury Bill rate. The adjustment for inflation used in the analysis will be based on the Federal Bureau of Labor Statistics' Producer Price Index-all commodity category. The span of time used in this calculation will be a 10-year period.
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Related to Present worth

  • Present means, in respect of any Person, such Person’s presence at a general meeting of Shareholders, which may be satisfied by means of such Person (or, in the case of any Shareholder, a proxy which has been validly appointed by such Shareholder in accordance with these Articles) being: (a) physically present at the meeting; or (b) in the case of any meeting at which Communications Facilities are permitted in accordance with these Articles, connected by means of the use of such Communication Facilities;

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Fair Valuation means the determination of the value of the consolidated assets of a Person on the basis of the amount which may be realized by a willing seller within a reasonable time through collection or sale of such assets at market value on a going concern basis to an interested buyer who is willing to purchase under ordinary selling conditions in an arm’s length transaction.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Area of operation means the area from which the persons can be admitted as members of the Bank.

  • Ballot card means a ballot that can be counted using automatic tabulating equipment.

  • Working Timetable has the meaning ascribed to it in Part A of the Network Code.

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.

  • LODR means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.

  • Counting center means one or more locations selected by the election officer in

  • Pollbook means a record of the names of voters in the order that they appear to

  • NBOME means the National Board of Osteopathic Medical Examiners, an organization that prepares and administers qualifying examinations for osteopathic physicians.

  • Records management means the systematic control of all records from creation or receipt through processing, distribution, maintenance and retrieval, to their ultimate disposition.

  • working time Means the usual or normal hours (including overtime) that a Contract Deputy(ies) is required by the Law Enforcement Official to work in any calendar month. In addition, working time includes ninety five percent (95%) of the time the Contract Deputy(ies) is on vacation leave, is on sick leave and receives workers’ compensation benefits.

  • All terms defined in this Agreement shall have the defined meanings contained herein when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to time, amended, qualified or supplemented, including (in the case of agreements and instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein. References to a person are also to its permitted successors and assigns.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Accounting Records means the general ledger and subsidiary ledgers and supporting schedules which support the general ledger balances.

  • Lodger means a member of the household group (see OAR 461-110-0210) who---

  • History means, for the purposes of an eligibility determination as defined in this rule, necessary evidence of an intellectual disability prior to 18 years of age or an other developmental disability prior to 22 years of age, including previous assessments and medical evaluations prior to the date of eligibility determination for developmental disabilities services.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Show means the specific expositions or conferences identified on the front hereof; (c) “Show Management” means Questex Expositions, Questex LLC, its co-sponsors and their respective agents, employees and affiliates; (d) “Hall Manage- ment” means the owner or manager of the facility in which the Show is conducted, and its employees and agents; and (e) “Hall” means the facility in which the Show is conducted.