Stated valuation Sample Clauses

A stated valuation clause establishes a predetermined value for certain assets, interests, or obligations within a contract. This clause typically applies to situations such as buyouts, insurance claims, or damage assessments, where the parties agree in advance on the value to be used rather than relying on future appraisals or market fluctuations. By setting a fixed value, the clause provides certainty and expedites resolution of disputes, reducing the risk of disagreement over asset worth and streamlining processes like compensation or transfer of ownership.
Stated valuation. A stated valuation represents just compensation for the vessel to which it applies computed by the Ship Valu- ation Committee in accordance with sections 902(a) and 1209(a)(2) of the Mer- chant Marine Act, 1936, as amended (46 U.S.C. 1242(a), 1289(a)(2)). The stated valuation of a vessel does not include vessel stores and supplies, which con- sist of (a) consumable stores, (b) sub- sistence stores, (c) slop chest, (d) bar stock, and (e) fuel, as defined in Mari- time Administration Inventory Book Forms MA–4736, A through K, which will be valued separately. A stated valuation is the maximum amount for which the Maritime Admin- istration will provide war risk hull in- surance for damage to or actual or con- structive total loss of the vessel to which such valuation applies and for which claims for damage to or actual or constructive total loss of such in- sured vessel may be adjusted, com- promised, settled, adjudged, or paid by the Maritime Administration with re- spect to insurance attaching during the effective period of such valuation under the standard forms of war risk hull insurance interim binder or policy prescribed by §§ 308.106 and 308.107 of this chapter.
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Stated valuation. A stated valuation represents just compensation for the vessel to which it applies computed by the Ship Valu- ation Committee in accordance with
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Stated valuation. A s t a t ed v a l u a t io n r ep r ese n t s j u s t co m pe n s a t io n fo r t h e vessel t o w h ic h i t a pplies co m p u t ed b y t h e S h ip V a l u- a t io n Co mm i tt ee i n a cco r d a n ce wi t h sec t io n s 902( a) a n d 1209( a)(2) of t h e Me r - c h a n t M a r i n e Ac t , 1936, a s a m e n ded (46 U. S .C. 1242( a), 1289( a)(2)). T h e s t a t ed v a l u a t io n of a vessel does ▇ ▇ ▇ ▇ ▇ ▇▇ u de vessel s t o r es a n d s u pplies, w h ic h co n- s i s t of ( a) co n s u m a ble s t o r es, ( b) s u b- s i s t e n ce s t o r es, ( c) s lop c h es t , ( d) b a r s t oc k , a n d ( e) fu el, a s defi n ed i n M a r i- t i m e Ad m i n i s t r a t io n I n ve n t o ry Boo ▇ ▇ ▇ ▇ ▇ ▇ MA–4736, A t ▇▇ ▇ ▇ ▇ ▇ K, ▇ ▇ ic h will be v a l u ed sep a r a t el y .
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Stated valuation. A s t a t ed v a l u a t io n r ep r ese n t s j u s t co m pe n s a t io n fo r t h e vessel t o w h ic h i t a pplies co m p u t ed b y t h e S h ip V a l u- a t io n Co mm i tt ee i n a cco r d a n ce wi t h
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Related to Stated valuation

  • Annual Valuation The Trust shall annually, at least 30 days prior to the anniversary date of establishment of the Fund, furnish to the Grantor and to the Agency a statement confirming the value of the Trust. Any securities in the Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the fund. The failure of the Grantor or the Agency to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Agency shall constitute a conclusively binding assent by the Grantor, barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

  • Adjustment in Number of Warrant Shares When any adjustment is required to be made in the Purchase Price pursuant to subsections 2(a) or 2(b), the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately after such adjustment.

  • Adjustment in Number of Securities Upon each adjustment of the Exercise Price pursuant to the provisions of this Section 8, the number of Warrant Securities issuable upon the exercise at the adjusted exercise price of each Warrant shall be adjusted to the nearest full amount by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Securities issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

  • Current Ratio The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.