Minimum Asset Value Clause Samples

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Minimum Asset Value. The lesser of (a) the consolidated Book Value of all Unencumbered Assets or (b) the Fair Market Value of all Unencumbered Assets shall at all times equal or exceed $150,000.000.00.
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Minimum Asset Value. Permit the aggregate Appraised Value of the Ski Resort Properties at any time to be less than the Required Value (such requirement, the "Minimum Asset Value Test"), determined pursuant to Appraisals conducted in accordance with the following procedures:
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Minimum Asset Value. Effective as of the Closing and ------------------- assuming that $10,000 has been previously paid for expenses as permitted hereunder, Atlantis shall have not less than $690,000 of cash and shall have no commitments, obligations or liabilities, whether fixed, accrued or contingent, other than as set forth in this Agreement.
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Minimum Asset Value. Each of the parties agrees to waive the condition provided for in Section 2.1 of the Purchase Agreement that the Specified Financing and Lease Assets, Equity Assets and Assets Held for Sale and Lease to be sold with a transfer of title (excluding equitable assignments pursuant to Section 5.2(d) of the Purchase Agreement) shall have an Estimated Adjusted Book Value of the Assets (the “Minimum Asset Value”) of at least $1,080,000,000. The parties agree that the Minimum Asset Value to be sold with a transfer of title at the Initial Closing shall be no less than $992,977,494.81.
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Minimum Asset Value. The Market Value of all Unencumbered Assets shall at all times equal or exceed $300,000,000.
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Minimum Asset Value. Effective as of the Closing and --------------------- excluding expenses as permitted hereunder, Rich Earth shall have not less than $3,572,802 of cash and shall have no commitments, obligations or liabilities, whether fixed, accrued or contingent, other than legal fees and disbursements or as otherwise disclosed or set forth in this Agreement or the Rich Earth Disclosure Schedule. Rich Earth shall have loaned to DTA Communications Network, LLC or to its subsidiaries $2,127,198 in cash for payment by DTA Communications Network, LLC in accordance with the Transfer Agreement dated March 6, 2000 between I:Comm Networks, LLC and DTA Communications Network, LLC and an additional $300,000 to DTA Communications Network, LLC for working capital purposes of DTA Communications Network, LLC and its affiliates.
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Minimum Asset Value. At all times, DWI II shall own, legally and beneficially, Specified Assets that have an aggregate value (as determined under paragraph (b)) equal to the sum of (i) the amount of any payments made by DWA to DWI II in the current year and during the lesser of (A) the preceding six (6) Covered Taxable Years and (B) the taxable years of DWA with respect to which the applicable statute of limitations (giving effect to any waiver, mitigation or extension thereof) has not expired, (ii) $10 million, and (iii) the amount of any Liabilities incurred by DWI II, other than Liabilities under this Agreement or the Indemnity Agreement.
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Related to Minimum Asset Value

  • 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.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Consolidated Net Worth Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.