Economic Value Clause Samples

The Economic Value clause defines how the financial worth or benefit derived from a contract, asset, or transaction is determined and recognized between the parties. Typically, this clause outlines the methods for calculating economic value, such as referencing market prices, appraisals, or agreed-upon formulas, and may specify when and how such valuations are to be updated or reviewed. Its core function is to ensure both parties have a clear, objective basis for assessing the monetary implications of their agreement, thereby reducing disputes and providing transparency in financial dealings.
Economic Value. If a Proposal is deemed an Improvement pursuant to Section 7.7, and if such Improvement is deemed by the Steering Committee to be likely to affect the sales price of a CoSeal Unit by more than fifty percent (50%) as compared to the unimproved CoSeal Unit, then the Heads shall determine whether such Improvement justifies setting forth the Parties’ rights, responsibilities and Net Sales sharing with respect to such Improvement in a separate agreement between the Parties, or whether such Improvement shall be governed by this Distribution and License Agreement.
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Economic Value. For the purposes of this Agreement the parties agree to assign the following values (the “Economic Values”) to each type of Equipment: (a) [***] (b) [***] (c) [***] [***]Confidential material redacted and filed separately with the Commission. The Economic Value of any additional type of networking or IT equipment added to this Agreement by the parties will be set forth in a written amendment to this Agreement.
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Economic Value. The Economic Value shall mean the absolute dollar value calculated pursuant to Section 3 that will range from $0 to $500,000.
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Economic Value. In fact, the secret character of confidential information takes precedence over all other conditions of protection. If the justification of the protection is to be found in its economic value, in the need to protect the investment made towards gaining the know-how protected as confidential information, the legal regime only imperfectly mirrors that moral justification, "10 For the purpose of this provision", "a manner contrary to honest commercial practices" shall mean at least practices such as breach of contract, breach of confidence and inducement to breach, and includes the acquisition of undisclosed information by third parties who knew, or were grossly negligent in failing to know, that such practices were involved in the "acquisition". because what is alluded to by the requirement of "commercial value" is not the proof of a determined investment, but the proof that the trade secret firstly pertains to the business sphere of the owner - and not, for example, to his intimate or private sphere, an area with which the GATT negotiations had no mandate to interfere; further, the information must be scarce, i.e. must not be easy of access. This is not materially different from the secrecy, but the concept of "commercial value" is more appropriate to cover the sheer difficulty of obtaining the techniques or the information in question. The requirement of scarcity implicit in the express requirement of "commercial value" is therefore but another aspect of the condition of secrecy. In that sense, it was not mistaken to say that the value derives from the secrecy (Art. 39 [2] [b]). There is a further implication to the requirement of commercial value : it alludes to the well- known maxim "de minimis non curat praetor".
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Economic Value. In the event that Northern implements a rate design different from that existing as of the date hereof, or Northern's maximum tariff rate is reduced from that existing as of the date hereof, the rate stated herein shall be adjusted, consistent with the rate change, to achieve the same economic value to both Parties based on 100% load factor utilization.
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Economic Value. The fact that the Property may become greatly more economically valuable if it were used in a manner that is either expressly prohibited by this Declaration or inconsistent with the purpose of this Declaration, or that neighboring properties may in the future be put entirely to uses that would not be permitted hereunder, has been considered by the Declarant in granting this real property covenant. It is the intent of Declarant that any such change in the economic value of the Property from other use shall not be assumed to be circumstances justifying the termination or extinguishment of this Declaration pursuant to this section.
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Economic Value. The nature park represents a considerable economic value because an important part of eco-tourism relies on the nature on and around Mt. Scenery, which is covered with rich vegetation, its cloud forest and wide variety of orchids, ferns and the rare mountain mahogany. But, it also has an important role to preserve Saba’s cultural values due to the location of the old deserted Mary’s Point village. The settlement, 13 ruins of the foundations of houses and small agricultural plots, was abandoned 80 years ago because of its remoteness, inaccessibility, erosion and poor access to water. The area has been reclaimed by nature and is now home to several endangered species, including the Audubon shearwater, and endemic species such as the Saba black iguana and the Red-bellied racer snake. The park includes the important Plum Piece archaeological site with the oldest Archaic Indian remains of Saba and possibly of the entire Caribbean. By legally establishing the nature park, the Public Entity Saba wants to secure and preserve this area, while at the same time maximizing the economic value of this extraordinary piece of nature, the dramatic landscape and the cultural-historic aspect of the area which, due to its inaccessibility, virtually does not allow other uses. Saba wants to regulate the responsible use of nature and accessibility to archaeological heritage, to strengthen sustainable tourism, while protecting endangered or special plants and animals, archaeological sites and artifacts. By establishing a national park, Saba also fulfills international requirements and treaties for the protection of biodiversity. The new legislation sets a number of rules for the national park. It is now forbidden to cut down trees without a permit, and to da mage, remove or destroy the vegetation in the park. It is also not allowed to ▇▇▇▇ or disturb animals, unless one has a permit to do so. Without a permit it is prohibited to carry out excavations at the archeological sites or to remove artifacts. Building roads or erecting buildings is not allowed without a permit of the Executive Council. Small, sustainable agriculture in the park is encouraged in the National Park. Economic activities that were already present in the area at the time the legislation was passed remain intact. In this bulletin, you will find a selection of some of the articles that have appeared in the media in the past weeks. A lot is happening on Saba, and it is important to share this with the people on Sa...
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Economic Value. These rights can have significant economic implications. They can be bought, sold, or leased, creating a market for water that can incentivize conservation and efficient use.
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Related to Economic Value

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Economic Equivalence So long as any Exchangeable Shares not owned by Acquiror or its Affiliates are outstanding: (a) Acquiror will not, without prior approval of ExchangeCo and the prior approval of the holders of the Exchangeable Shares given in accordance with Section 10.2 of the Exchangeable Share Provisions: (i) issue or distribute Acquiror Shares (or securities exchangeable for or convertible into or carrying rights to acquire Acquiror Shares) to the holders of all or substantially all of the then outstanding Acquiror Shares by way of stock dividend or other distribution, other than an issue of Acquiror Shares (or securities exchangeable for or convertible into or carrying rights to acquire Acquiror Shares) to holders of Acquiror Shares: (A) who exercise an option to receive dividends in Acquiror Shares (or securities exchangeable for or convertible into or carrying rights to acquire Acquiror Shares) in lieu of receiving cash dividends; or (B) pursuant to any dividend reinvestment plan or scrip dividend; or (ii) issue or distribute rights, options or warrants to the holders of all or substantially all of the then outstanding Acquiror Shares entitling them to subscribe for or to purchase Acquiror Shares (or securities exchangeable for or convertible into or carrying rights to acquire Acquiror Shares); or (iii) issue or distribute to the holders of all or substantially all of the then outstanding Acquiror Shares: (A) shares or securities of Acquiror of any class other than Acquiror Shares (other than shares convertible into or exchangeable for or carrying rights to acquire Acquiror Shares); (B) rights, options or warrants other than those referred to in Subsection 2.7(a)(ii); (C) evidences of indebtedness of Acquiror; or (D) assets of Acquiror, unless the economic equivalent on a per share basis of such rights, options, warrants, securities, shares, evidences of indebtedness or other assets is issued or distributed simultaneously to holders of the Exchangeable Shares; provided that, for greater certainty, the above restrictions shall not apply to any securities issued or distributed by Acquiror in order to give effect to and to consummate the transactions contemplated by, and in accordance with, the Arrangement Agreement. (b) Acquiror will not, without the prior approval of ExchangeCo and the prior approval of the holders of the Exchangeable Shares given in accordance with Section 10.2 of the Exchangeable Share Provisions: (i) subdivide, redivide or change the then outstanding Acquiror Shares into a greater number of Acquiror Shares; or (ii) reduce, combine, consolidate or change the then outstanding Acquiror Shares into a lesser number of Acquiror Shares; or (iii) reclassify or otherwise change Acquiror Shares or effect an amalgamation, merger, reorganization or other transaction affecting the Acquiror Shares, unless the same or an economically equivalent change shall simultaneously be made to, or in the rights of the holders of, the Exchangeable Shares, and such change is permitted under applicable law; provided that, for greater certainty, the above restrictions shall not apply to any securities issued or distributed by Acquiror in order to give effect to and to consummate the transactions contemplated by, and in accordance with, the Arrangement Agreement. (c) Acquiror will ensure that the record date for any event referred to in Subsections 2.7(a) or 2.7(b) as such events apply to the Exchangeable Shares, or (if no record date is applicable for such event) the effective date for any such event, is the same as the record date or effective date, as applicable, with respect to the Acquiror Shares (and Acquiror shall contemporaneously notify ExchangeCo at the time Acquiror declares or announces such record date or effective date); (d) The Board of Directors of ExchangeCo shall determine, in good faith and in its sole discretion, economic equivalence for the purposes of any event referred to in Subsections 2.7(a) or 2.7(b) and each such determination shall be conclusive and binding on Acquiror and the holders of the Exchangeable Shares. In making each such determination, the following factors shall, without excluding other factors determined by the Board of Directors of ExchangeCo to be relevant, be considered by the Board of Directors of ExchangeCo: (i) in the case of any stock dividend or other distribution payable in Acquiror Shares, the number of such shares issued in proportion to the number of Acquiror Shares previously outstanding; (ii) in the case of the issuance or distribution of any rights, options or warrants to subscribe for or purchase Acquiror Shares (or securities exchangeable for or convertible into or carrying rights to acquire Acquiror Shares), the relationship between the exercise price of each such right, option or warrant and the Current Market Price, the volatility of the Acquiror Shares and the term of such instrument; (iii) in the case of the issuance or distribution of any other form of property (including any shares or securities of Acquiror of any class other than Acquiror Shares, any rights, options or warrants other than those referred to in Subsection 2.7(d)(ii), any evidences of indebtedness of Acquiror or any assets of Acquiror), the relationship between the fair market value (as determined by the Board of Directors of ExchangeCo in the manner above contemplated) of such property to be issued or distributed with respect to each outstanding Acquiror Common Share and the Current Market Price; (iv) in the case of any subdivision, redivision or change of the then outstanding Acquiror Shares into a greater number of Acquiror Shares or the reduction, combination, consolidation or change of the then outstanding Acquiror Shares into a lesser number of Acquiror Shares or any amalgamation, merger, reorganization or other transaction affecting Acquiror Shares, the effect thereof upon the then outstanding Acquiror Shares; and (v) in all such cases, the general taxation consequences of the relevant event to holders of Exchangeable Shares to the extent that such consequences may differ from the taxation consequences to holders of Acquiror Shares as a result of differences between taxation laws of Canada and the United States (except for any differing consequences arising as a result of differing marginal taxation rates and without regard to the individual circumstances of holders of Exchangeable Shares). (e) ExchangeCo agrees that, to the extent required, upon due notice from Acquiror, ExchangeCo will use its reasonable best efforts to take or cause to be taken such steps as may be necessary for the purposes of ensuring that appropriate dividends are paid or other distributions are made by ExchangeCo, or subdivisions, redivisions or changes are made to the Exchangeable Shares, in order to implement the required economic equivalent with respect to the Acquiror Shares and Exchangeable Shares as provided for in this Section 2.7.

  • Economic Benefit The Bank shall determine the economic benefit attributable to the Executive based on the life insurance premium factor for the Executive’s age multiplied by the aggregate death benefit payable to the Beneficiary. The “life insurance premium factor” is the minimum factor applicable under guidance published pursuant to Treasury Reg. § 1.61-22(d)(3)(ii) or any subsequent authority.

  • Target Fair Market Value The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.