Common use of Property Valuation Clause in Contracts

Property Valuation. (1) Fair market value of property at time of transfer (determined without regard to restrictions that will lapse, including any substantial risk of forfeiture restrictions): . (2) Amount paid for property: $ 0. (3) Excess of fair market value over the amount paid: $ .

Appears in 2 contracts

Sources: Annual Incentive Award Agreement (Chaparral Steel CO), Annual Incentive Award Agreement (Chaparral Steel CO)

Property Valuation. (1) . Fair market value of property at time of transfer (determined without regard to restrictions that will lapse, including any substantial risk of forfeiture restrictions): .$0.01 per share (2) . Amount paid for property: $ 0.$0.01 per share (3) . Excess of fair market value over the amount paid: $ .$0

Appears in 1 contract

Sources: Subordinated Note and Warrant Purchase Agreement (Monitronics International Inc)