Value Method definition

Value Method is defined as (i) the as-complete and stabilized appraised market value of the Development, as determined by an independent appraisal commissioned by the Subsidizing Agency in accordance with this Section 7(d), less (ii) the sum of secured debt on the Development plus public equity, whether structured as a grant or loan, as determined by the Subsidizing Agency. Thereafter, Developer’s Equity may be adjusted not more than once in any five year period with the first five - year period commencing with the first Fiscal Year of the Development. Any adjustments shall be made only upon the written request of the Developer. Unless the Developer is otherwise directed by the Subsidizing Agency, the initial appraised market value and any adjustment thereto shall be based upon an appraisal commissioned by (and naming as a client) the Subsidizing Agency and prepared by an independent and qualified appraiser prequalified by, and randomly assigned to the Development by, the Subsidizing Agency. The appraiser shall submit a Self-Contained Appraisal Report to the Subsidizing Agency in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). The costs of such appraisal shall be borne by the Developer. Such appraisal shall use assumptions subject to the reasonable approval of the Subsidizing Agency. Upon completion of an appraisal as provided above, the Developer’s Equity shall be adjusted to equal the appraised value of the Development as determined by the appraisal less the unpaid principal amount of the sum of secured debt on the Development plus public equity, whether structured as a grant or loan determined as of the date of the appraisal. Such new Developer’s Equity shall be the Developer’s Equity commencing with the first day of the Fiscal Year following the date of such appraisal and remain in effect until a subsequent adjustment. A sale or refinancing of the Development shall not result in a new evaluation of Developer’s Equity, except as provided above.
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Value Method shall have the meaning given such term in Section 7(d) hereof.
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Examples of Value Method in a sentence

  • Buyer will be entitled to control any Cleanup, any related Proceeding, and, except as provided in the following sentence, any other Proceeding with respect to which indemnity may be sought under this Section 11.3. The procedure described in Sections 11.9 or 11.10, as the case may be, will apply to any claim solely for monetary damages relating to a matter covered by this Section 11.3.

  • The Current Value of the COSI Product shall be determined according to either Method A: Fair Value Method or Method B: Bond Floor Method of these Special Conditions of SIX Swiss Exchange, as defined in the listing prospectus.

  • The monthly payment in royalty fees shall be approximately Thirty Thousand U.S. Dollars (S30,000.00) contingent upon Buyer's monthly profits, as more fully explained below, 1 Note: The initial value of the Inventions and Patent in the amount of Five Hundred Thirty Thousand Five Hundred and Sixty U.S. Dollars (S530,560.00) has been valued using the Theoretical Value Method.

  • Other Unit SIze Unit Unit Value Method 1,500 % Area Area SF Rate SF F/H 0 Plumbing Value 0 BARN-FRAME Unit Length 0.00 Unit Width 0.00 Unit Cond A Unit Deprc 0.00 Heating Value 0 FP 0 Stack 0 NV Fireplace Value 0 -Gas Logs Flu Value 0 Flu 0 Garage Stack 0 Metal 0 Built In Garage Interior Improvements Total S/W/Landscape 0 0 No Cars 0 Extra Kitchen Value Total Structure Additions 0 A/C Value 0 Building Desc.

  • The Net Asset Value Method was also utilized to consider the extent of goodwill incorporated in our valuation conclusion.

  • Subject to the provisions of this Section 12.3 below, with respect to the Venture audited financial statements, such financial statements may be prepared in accordance with the Fair Value Method of Accounting, including a footnote showing the amounts and methodology of the Venture’s fair value of its assets and liabilities.

  • SECTION 7.01 Right to Convert; Conversion Value; Method of Payment.......................

  • The method called Earned Value Method is based on the value, according to the budget, of the work actually performed.

  • Proposals passing pre-screening shall then be evaluated by NYSDOT using a Best Value Method which considers a combination of technical and cost criteria as described below.

  • The Net Asset Value Method is applied by determining the value of the tangible assets of a company without regard to the value of goodwill attributed to the earnings capacity of the business (if any).

Related to Value Method

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Equivalent method means any method of sampling and analyzing for an air pollutant that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to have a consistent and quantitatively known relationship to the reference method under specific conditions.

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.