Basis and Justification for the Purchase Sample Clauses

Basis and Justification for the Purchase. Consideration The Purchase Consideration was arrived at on a “willing-buyer willing- seller” basis and after taking into consideration of the following:
Sample 1Sample 2
AutoNDA by SimpleDocs
Basis and Justification for the Purchase. Considerations The Purchase Considerations were arrived at on a willing-buyer willing-seller basis after taking into consideration the market value of the Properties. The Independent Valuer had, in the Valuation Letter, adopted the market value derived from the investment method of valuation as fair representation of the market value of the Properties, taking into consideration that the Properties will be leased to Lumileds for a period of 15 years on a triple net lease basis pursuant to the Leaseback Agreements as set out in Sections 2.5 and 2.6 above. The valuation is also supported by the market value derived from the cost approach. The market value is defined as the estimated amount for which a property should exchange on the date of valuation between a willing-seller and a willing-buyer in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion. The Purchase Consideration 1 of RM50.0 million for Proposed Acquisition 1 represent a discount of RM1.0 million or 1.96% to the appraised market value of the Property 1 of RM51.0 million derived from both the investment method and cost method. The Purchase Consideration 2 of RM130.0 million represents a premium of RM10.0 million or 8.33% to the appraised market value of the Property 2 of RM120.0 million derived from both the investment method and the cost method. The premium of RM10.0 million also takes into consideration, amongst others, the Leaseback Agreement 2, the scarcity of available industrial properties in Bayan Lepas industrial zone and the Greenfield Development disclosed in Section 2.6.2 above.
Sample 1

Related to Basis and Justification for the Purchase

  • Justification for the Request The request for a supplemental funding for any of the above-mentioned programs should contain a justification clearly documenting the need for the additional funding authority during the current quarter. This documentation should be in the form of State accounting records or similar documents that will show the actual expenditures through the most recent month for which such data are available, as well as the State's most accurate projection of its anticipated expenditures during the remaining month(s) of the quarter. For either the TANF or the CCDF program, the State's justification should also include an explanation of the activities requiring the obligation and/or expenditure of amounts that exceed the normal quarterly grant award restrictions and why these activities could not have been delayed until the next quarter.

  • PURPOSE/JUSTIFICATION OF RECOMMENDED ACTION The purpose of the Agreement is to provide the City with the services for one full-time equivalent senior criminalist from the Department to perform DNA testing, analysis, and forensic-related consulting as requested by the City, effective July 1, 2016 through June 30, 2021. The City’s current agreement with the County for this position expires on June 30, 2016. This Agreement will not result in the creation of an additional senior criminalist position, as the position was created during the previous agreement.

  • Interested Party for the purpose of filing a dispute relating to a solicitation, as used in this section, means an actual or prospective bidder or offeror whose direct economic interest would be affected by the award of a Contract or by the failure to award a Contract.

  • Notification of Recall Notification of recall from layoff shall be sent by certified mail, return receipt requested, deliverable to addressee only, to the employee's last known address. The notice shall give the employee a minimum of ten (10) calendar days within which to respond after the notice of recall has been mailed. Employees who decline recall or who, in the absence of extenuating circumstances, fail to respond within the time set for return to work, shall be presumed to have resigned and their name shall be removed from the seniority and preferred eligibility list.

  • SUBMISSION OF BID Bids may be submitted via the electronic submission portal at: xxxxx://xxx.xxxxxxxxxx.xxx/buyer/691, or in the Procurement Division; Internal Operations Centre II, 000 X. Xxxxx Xxxxxx; 0xx Xxxxx, Xxxxxxx, XX 00000, prior to the submission deadline. Bids will be opened per the public meeting notice. If bid will be mailed or hand delivered, ensure it is secured in a sealed envelope, addressed as follows: ORANGE COUNTY PROCUREMENT DIVISION Internal Operations Centre II 000 X. Xxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx, Xxxxxxx 00000 Bidders must indicate on the sealed envelope the following:

  • SUBMISSION OF THE MONTHLY MI REPORT 4.1 The completed MI Report shall be completed electronically and returned to the Authority by uploading the electronic MI Report computer file to MISO in accordance with the instructions provided in MISO.

  • Non-Application of Dispute Settlement No Party shall have recourse to dispute settlement under Chapter 28 (Dispute Settlement) for any matter arising under this Chapter.

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Notification of Results Within 10 days after satisfactory inspection and/or testing of Interconnection Facilities built by the Interconnection Customer (including, if applicable, inspection and/or testing after correction of defects or failures), the Interconnected Transmission Owner shall confirm in writing to the Interconnection Customer and Transmission Provider that the successfully inspected and tested facilities are acceptable for energization.

  • Rationale/Justification The Cisco Certified Network Associate Security (CCNA® Security) certification represents industry acknowledgement of technical skill attainment of competencies in the IT Security program.

Time is Money Join Law Insider Premium to draft better contracts faster.