Gross Asset Valuation Sample Clauses

Gross Asset Valuation. Pursuant to the Master Agreement, Acquiror and Contributor contemplate that Contributor shall contribute to Acquiror one (1) separate and distinct Property. For purposes of this Agreement, Acquiror and Contributor acknowledge and agree that aggregate Gross Asset Value of the Property is $1,333,000 and, at or prior to Closing, once the parties have determined whether the contribution of the Property is able to occur at the Closing, they shall mutually and reasonably agree upon the allocation of that aggregate Gross Asset Value of the Property, Acquiror and Contributor shall mutually and reasonably agree upon both (i) the appropriate reduction in the aggregate Gross Asset Value and (ii) the allocation of such reduced Gross Asset Value of the Property contributed at Closing. Northern New Mexico Properties, LLC 500,614 American Housing Income Trust, Inc. 5,006* * The LP Units issued to American Housing Income Trust, Inc. are not subject to the conversion rights set forth in the related agreements.
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Gross Asset Valuation. Pursuant to the Master Agreement, Acquiror and Contributor contemplate that Contributor shall contribute to Acquiror one (1) separate and distinct Property. For purposes of this Agreement, Acquiror and Contributor acknowledge and agree that aggregate Gross Asset Value of the Property is $1,333,000 and, at or prior to Closing, once the parties have determined whether the contribution of the Property is able to occur at the Closing, they shall mutually and reasonably agree upon the allocation of that aggregate Gross Asset Value of the Property, Acquiror and Contributor shall mutually and reasonably agree upon both (i) the appropriate reduction in the aggregate Gross Asset Value and (ii) the allocation of such reduced Gross Asset Value of the Property contributed at Closing.
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Gross Asset Valuation. Any valuation by the Company of any asset to be distributed in-kind to any Member.
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Related to Gross Asset Valuation

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

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Business Assets The Company Assets comprise all of the property and assets of the Business, and none of the Vendor or the Significant Shareholders nor any other person, firm or corporation owns any assets used by the Company in operating the Business, whether under a lease, rental agreement or other arrangement;

  • Valuation of Sub-Advisor Assets The Sub-Advisor agrees to monitor the Sub-Advisor Assets and to notify the Advisor or its designee on any day that the Sub-Advisor determines that a significant event has occurred with respect to one or more securities held in the Sub-Advisor Assets. As requested by the Advisor or the Trust’s Valuation Committee, the Sub-Advisor hereby agrees to provide additional assistance to the Valuation Committee of the Trust, the Advisor and the Trust’s pricing agents in valuing Sub-Advisor Assets held in the portfolio. Such assistance may include fair value pricing of portfolio securities, as requested by the Advisor. The Sub-Advisor agrees that it will act, at all times, in accordance with the Trust’s Valuation Procedures, and will provide such certifications or sub-certifications relating to its compliance with the Trust’s Valuation Procedures as reasonably may be requested, from time to time, by the Advisor or the Trust. The Sub-Advisor also will provide such information or perform such additional acts as are customarily performed by a Sub-Advisor and may be required for a Fund or the Advisor to comply with their respective obligations under applicable federal securities laws, including, without limitation, the 1940 Act, the Advisers Act, the 1934 Act, the Securities Act of 1933, as amended (the “Securities Act”), and any rule or regulation thereunder.

  • Pricing and Portfolio Valuation All expenses of computing the Fund 's net asset value per share, including any equipment or services obtained for the purpose of pricing shares or valuing the Fund 's investment portfolio.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Consolidated Net Worth The Company will not at any time permit Consolidated Net Worth to be less than the sum at such time of (a) US$4,500,000,000 and (b) commencing with the fiscal quarter beginning on January 1, 2007, 50% of the Company’s Consolidated Net Income for each fiscal quarter of the Company for which Consolidated Net Income is positive and for which financial statements shall have been delivered under Section 5.01(a) or (b).”

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and all Indebtedness of the Borrower and its Subsidiaries, whether or not so classified.

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