No Cash Value Sample Clauses

The "No Cash Value" clause establishes that a particular item, benefit, or coupon provided under an agreement cannot be redeemed for cash or its equivalent. In practice, this means that if a party receives a voucher, promotional offer, or non-monetary benefit, they are not entitled to exchange it for money or request a cash payout instead. This clause is commonly used in promotional contexts to prevent recipients from converting non-cash incentives into cash, thereby protecting the issuer from unintended financial liability and ensuring that the benefit is used as intended.
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No Cash Value. Money-Back Rewards have no cash value until they are posted to your Redemption Destination. You have no property interest in the Rewards or the Rewards Program.
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No Cash Value. Rewards have no cash value until they are credited to or deposited into your Redemption Destination. Rewards do not constitute property of the Cardholder and cannot be transferred or encumbered in any circumstances and, without limitation, cannot be negotiated, attached, pledged, mortgaged or hypothecated and may not be divided or transferred as a part of a domestic agreement, through legal proceedings, or upon death.
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No Cash Value. The Card is not redeemable for cash and it is void if Recipient sells it for cash or other consideration. The Card is not combinable with any other promotions, offers, cards, coupons or group rates. The Card is not replaceable and has no value if lost, stolen, destroyed or transferred.
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No Cash Value. The Google Wallet Card is not redeemable for cash or other cards, and cannot be resold, exchanged or transferred for value, except as required by law. GPC disclaims all express or implied warranties as to the physical Google Wallet Card. Except as otherwise set forth herein or required by applicable law, GPC is not responsible if your Google Wallet Card is lost, stolen, destroyed, or used without your permission.
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No Cash Value. Effective the pay period following signing of the tentative agreement, full time employees shall be subject to the Personal Leave Program (PLP 2010) for twelve (12) consecutive months in the manner outlined below:
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No Cash Value. Bask Mileage Savings awards you exclusively with AAdvantage® miles. This account will not accrue cash interest and does not offer any option to receive cash interest or other cash compensation and by opening the Bask Mileage Savings, you acknowledge you understand that you will not receive cash interest on your balances in the account. Bask Bank does not provide an option to convert AAdvantage® miles accrued or earned through the Bask Mileage Savingsintocash. You alsocannotconvert your Bask Mileage Savingsinto a Bask Interest Savings account or regular Texas Capital Bank savings account that does accrue cash interest. You would need to close the Bask Mileage Savings and then open a new Bask Interest Savings account or Texas Capital Bank savings account. as referring a friend. Any such offer will be subject to completion of requirements Bask Bank has set for that program. Any such offer is subject to change and Bask Bank may terminate the offer or change the terms at any time and without notice. Bask Bank has determined that Bonus Miles meet the definition of income under US Law and IRS regulations require Bask Bank to report them. Bask Bank is not an accounting firm or law firm and is not offering tax advice; however, we believe that ▇▇▇▇▇ received for completing activities will be viewed, in most cases, as miscellaneous income reportable to the IRS on form 1099 MISC; however, we reserve the right to change the form on which such income is reported in our sole discretion.
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No Cash Value. The Services are provided as a benefit of another product or service or by otherwise meeting the eligibility requirements established by your Program Sponsor. The Services have no cash equivalent. There is no fee for using the Services; however, the account or service to which Your Program Sponsor’s eligibility requirement is attached may have a fee, based on the provisions of the account/service agreement that you have directly with the Program Sponsor.
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No Cash Value. Reward Points do not possess any cash value, and no cash deposit or withdrawal to cash of Reward Points is permitted.
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Related to No Cash Value

  • Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit and investments in highly liquid debt instruments with initial maturities of three months or less.

  • 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.

  • Market Value Adjustment Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Fair Value If the parties fail to agree upon the purchase price of the Transferred Shares in accordance with Section 3.2(a) hereof, then the IT Rightholders or the Company, as the case may be, shall purchase the Transferred Shares at a purchase price equal to the Fair Value thereof. The Fair Value of the Transferred Shares shall be determined by a nationally recognized investment banking firm or nationally recognized expert experienced in the valuation of corporations engaged in the business conducted by the Company. Within five (5) Business Days after the date the applicable parties determine that they cannot agree as to the purchase price, the Involuntary Transferee and the Board of Directors (in the case of a purchase by the Company), or the purchasing IT Rightholders purchasing a majority of the Transferred Shares being purchased by the purchasing IT Rightholders (if the Company is not purchasing any Transferred Shares), or the Board of Directors and such purchasing IT Rightholders jointly (in the case of a purchase by the Company and IT Rightholders), as the case may be, shall designate one such appraiser that is willing and able to conduct such determination. If either the Involuntary Transferee or the Board of Directors or the purchasing IT Rightholders or both, or all, as the case may be, fails to make such designation within such period, then any other party may apply to the American Arbitration Association or a court of appropriate jurisdiction for the appointment of such an appraiser. The appraiser shall conduct its determination as promptly as practicable, and the Fair Value of the Transferred Shares shall be determined by such appraiser. Such determination shall be final and binding on the Involuntary Transferee, the Company and the IT Rightholders. The Involuntary Transferee shall be responsible for one-half the fees and expenses of the appraiser designated by or on behalf of it, and the Company and/or the purchasing IT Rightholders in proportion to the ratio in which they are purchasing Transferred Shares shall be responsible for one-half of the fees and expenses of the appraiser. For purposes of this Section 3.2(b), the "Fair Value" of the Transferred Shares means the fair market value of such Transferred Shares determined in accordance with this Section 3.2(b) based upon all considerations that the appraiser determines to be relevant.