Terminal Value definition

Terminal Value means, in respect of any Collateral Vessel: (a) the present value (using a discount rate of 10% per annum) of the forward projected value for such Collateral Vessel as at the maturity of the relevant Eligible Charter (which shall, for these purposes, take account of any extension option which is included for the purposes of the definition of Eligible Charter for such Collateral Vessel) as provided by Maritime Strategies International Ltd; or (b) if the Borrower has elected that VesselsValue valuations shall be used for all Collateral Vessels on the applicable calculation date, the fixed age valuation for such Collateral Vessel as at the maturity of the relevant Eligible Charter (which shall, for these purposes, take account of any extension option which is included for the purposes of the definition of Eligible Charter for such Collateral Vessel) as provided by VesselsValue (with no discount rate applicable). Where the Eligible Charter of any Collateral Vessel has been extended and the Terminal Value on any Test Date would otherwise be calculated on the basis of valuations which pre-date such extension, the Borrower shall be permitted to obtain an updated valuation for such Collateral Vessel which shall be used for the purposes of calculating the Terminal Value of such Collateral Vessel.

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Terminal Value has the meaning ascribed to such term in the Osage LLC Interest Purchase Agreement.

Terminal Value means $*****.

Examples of Terminal Value in a sentence

Such Compliance Certificate will also attach appraisals in form and substance satisfactory to the Administrative Agent setting out (in reasonable detail) the Asset Value and Terminal Value of each Relevant Vessel.
The Independent Appraiser shall be directed to resolve only those issues in dispute and render a written report on the resolution of disputed issues with respect to the Terminal Value and/or the Membership Interest Value no later than sixty (60) days after the date on which the Independent Appraiser are engaged.
To calculate the aggregate net present value of the equity of the Company, Lehm▇▇ ▇▇▇thers subtracted total debt less cash and cash equivalents of the Company as of December 31, 1999, from the sum of the present value of the projected Free Cash Flow and the present value of the Terminal Value.
To estimate the residual value of the Company at the end of the forecast (the "Terminal Value"), Lehm▇▇ ▇▇▇thers utilized two approaches, applying a range of 5.5x-6.5x multiples to projected fiscal 2004 EBITDA and applying terminal period growth rates of 4.0%-5.0% to projected fiscal 2004 Free Cash Flow, and discounted these Terminal Values to present value.
In the event that the Terminal Value is more than the Membership Value, neither Party shall have any obligation to enter into Amendment No. 5, and Seller shall contribute to the Partnership an amount in cash equal to the excess of the Terminal Value over the Membership Value.

More Definitions of Terminal Value

Terminal Value means $*****. “Sun Fed/St. AMT” shall mean *****percent. “Debt” shall equal *****.

Terminal Value means the estimated value of a System at the specified Terminal Date which will at all times be assumed to be equal to five (5) times Terminal Year’s EBITDA.

Terminal Value has the meaning set forth in Section 2.2(c).

Terminal Value means the remaining amount of Earnout Consideration that reasonably could have been earned during the Earnout Period based on the projections from past Company Product sales during the Earnout Period, or if there are no such sales, then based on the projections at Closing provided to the Equityholder Representative, or as otherwise mutually agreed by the Earnout Committee, Equityholder Representative and Parent.

Terminal Value means the amount determined by (x) multiplying the Grant Value by the fraction having as its numerator the average Adjusted EBITA for the Earnings Period and as its denominator the average Adjusted EBITA for the Base Period and (y) subtracting from the amount so determined the Grant Value.

Terminal Value means, (a) as of any date and with respect to any Fund Investment in an asset in which the Fund owns, directly or indirectly, all of the equity interests, the aggregate Adjusted Fair Value of such Fund Investment as of such date and (b) as of any date and with respect to any other Fund Investment, the aggregate Fair Value of such Fund Investment as of such date.

Terminal Value is defined as the (x) sum of (i) the shares of Common Stock into which the Preferred Stock then held is convertible, plus (ii) shares of Common Stock received upon conversion of Preferred Stock, multiplied by (y) the Fair Market Value (as defined below) of the Company's Common Stock on a weighted average basis for the ninety (90) days immediately preceding the fifth anniversary of the date hereof. For example, as is expressed herein, the 39% Internal Rate of Return equates to $14,750,000. If, on the third anniversary of the delivery of this Warrant, the Holder sold 50% of the shares of Common Stock receivable upon the conversion of the Preferred Stock (2,143,474 shares), at a per share price of $3 and the Terminal Value for such shares of Common Stock prevailing on both the date of sale and the fifth anniversary of this Warrant is $2.50 per share, the amount realized by the Holder would be $13,789,107 ($6,430,422 in sales proceeds, $5,358,685 in Terminal Value on the fifth anniversary, and $2,000,000 in dividends). Consequently, pursuant to the equations set forth above, the Holder would receive a total of 384,357 Warrants to achieve the 39% Internal Rate of Return ($14,750,000 minus $13,789,107 equals $960,893 divided by $2.50). In the event that (a-b) divided by (c) above should equal zero, no Warrant Shares would be issued hereunder.

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