Remaining Asset Value definition

Remaining Asset Value means the amount of cash held by the Corporation, after dissolution and winding up of the affairs of the Corporation and liquidation of the assets of the Corporation and after payment or making provision for payment (in accordance with the plan of distribution described in the penultimate paragraph of this Article VII) of the claims against and liabilities and obligations of the Corporation, as of the close of business on the second business day prior to the date of distribution of the Per Share Liquidation Value to holders of IPO Shares then outstanding. If the amount of cash so held is less than the amount paid or set aside to make provision for payment of such claims, liabilities and obligations, then the “Remaining Asset Value” shall be a negative number.
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Remaining Asset Value means, on any date of determination, (a) the sum of --------------------- the aggregate amount of (i) unsold System Capacity consisting of STM-1s, (ii) unsold Backhaul Capacity owned by the Borrower and the Subsidiaries and (iii) System Capacity to be achieved by Permitted System Upgrades which have been contracted for as of such date, multiplied by (b) the average price of the then five most recent ---------- sales of both STM-1s on the System and Backhaul Capacity, as applicable, occurring within one year of such date (or, if there are less than five, all of such sales of STM-1s or Backhaul Capacity, as applicable, occurring within one year of such date).
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Remaining Asset Value means, as of any date, (a) the sum of the aggregate amount of unsold Capacity (including Capacity to be achieved through budgeted system upgrades (to the extent there are funds in the Upgrade Reserve Account sufficient to fund such upgrades)) MULTIPLIED by (b) the average price of the three most recent sales of Capacity in each market region occurring within one year of such date (or, if there are less than three sales in a given market region, all sales occurring in such market region within one year of the date of determination). The Borrower shall calculate clauses (a) and (b) above in accordance with SCHEDULE 1.1(B) and such calculations shall be computed in accordance with procedures that have been agreed upon with the Arrangers.
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Examples of Remaining Asset Value in a sentence

  • The Borrower shall not permit, as of the end of any fiscal quarter, the ratio of Remaining Asset Value to Senior Secured Debt to be less than 8.50:1.00.

  • The Borrower ---------------------------------------------------- shall not permit the Remaining Asset Value to Borrower Debt Ratio at any time after the Commercial Operation Date to be less than 1.25:1.


More Definitions of Remaining Asset Value

Remaining Asset Value or "RAV" means Unsold Capacity (measured in E1km) x Average Price per E1km ($). METHODOLOGY:
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Related to Remaining Asset Value

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Gross Asset Value means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.