Positive fair market value Sample Clauses

Positive fair market value. The Transferring Company’s closing balance sheet as at 31 December 2021 shows a positive equity value. Both the Transferring Company and the Acquiring Company have a positive fair market value. As a result of the Merger forming the subject-matter of this Agreement, the Acquiring Company will in any case have a positive market value and will achieve significant savings due to the elimination of the Transferring Company. Even after completion of the Merger, the Acquiring Company shall be in a position to fully satisfy all creditors, if any, of the Transferring Company as well as those of the Acquiring Company or to provide security to such creditors.
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Related to Positive fair market value

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

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