Scrap Value definition

Scrap Value. Means, in connection with the sale of an item of Equipment pursuant to Section 407 of the ICF Indenture, the fair market value of such item of Equipment if sold at the end of its Useful Life.
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Scrap Value means the minimal worth of an asset after it is depreciated. "Site Preparation" means costs for the preparation of a site for construction or
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Scrap Value. It is also called as Junk Value or Breakup Value of Demolition Value. It will represent the value of old materials in a building less cost of demolition.
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Examples of Scrap Value in a sentence

  • Manager shall direct the proceeds of any such sale to be paid directly to the Collections Account (in the case of a Scrap Value Disposition) or the Optional Replacement Account (in the case of all other Permitted Railcar Dispositions), as specified in the Indenture, to be thereafter administered in accordance with the provisions of the Indenture.

  • The calculation of the Scrap Value of the Vessel made in accordance with the provisions of this clause 8.2.2 shall be binding upon the parties hereto (absent manifest error) until such time as any such further calculation shall be made by the Lender.

  • The Lender shall calculate the Scrap Value of the Vessel as and when the Lender shall require in its sole discretion.

  • The Borrower undertakes with the Lender to supply to the Lender such information concerning the Vessel and its condition as the Lender may require for the purpose of determining the Scrap Value.

  • The Borrower shall pay all costs in connection with any determination of the Scrap Value (which the Lender may determine at any time).


More Definitions of Scrap Value

Scrap Value means at any time for any metal, the price obtained by Borrower most recently prior to and within one month of such time for scrap metal of that type or, if neither Borrower has consummated a sale for scrap metal of that type within one month of the date of determination, a price reasonably determined by Agent in consultation with Borrower.
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Scrap Value means the amount paid by Contractor to HWMA for scrap metal per ton pursuant to section 2.k in the Scope of Services.
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Scrap Value means the amount paid by Contractor to HWMA for CRV glass at the same value per ton received by Contractor from the Beneficiating Processor, multiplied by the total tons of CRV glass received from HWMA.
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Scrap Value means the value of the material that an
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Scrap Value means the price paid for container material types subject to this division, after shipping and handling costs are deducted.
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Scrap Value means the value at which an item would be
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Scrap Value means, in relation to a the Ship, a sum in Dollars (as certified by the Lender whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower) which is equal to the Lightweight of the Vessel multiplied by the Scrap Price of the Vessel, as such sum may be adjusted by the Lender in accordance with clause 8.2.2;
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