VALUATION BASIS. The State will ensure that notwithstanding the provisions of any Act or anything done or purported to be done under any Act the valuation of all land (whether of a freehold or leasehold nature) the subject of this Agreement (except any part upon which for the time being a permanent residence is erected or which for the time being is occupied in connection with that residence and except also any part upon which for the time being there stands any improvements that are used in connection with a commercial undertaking not directly connected with the operations of the Joint Venturers under this Agreement) will for rating purposes be deemed to be on the unimproved value thereof and no such land will be subject to any discriminatory rate but the Joint Venturers will be at liberty should they so desire to make the election provided for by Section 533B of the Local Government Xxx 0000. CLAUSE XII
VALUATION BASIS. Asset Rebalancing is based on the Investment values as of the close of the prior Business Day. Market movement on the date of rebalancing is not reflected in the rebalancing transaction. As a result, after a rebalancing transaction is made, the variance at the close of the Business Day on the date of rebalancing may exceed the tolerance you have specified and necessitate another rebalancing on the next Business Day.
VALUATION BASIS. The parties expressly agree that the valuation shall be based solely on Financial Terms in the Future Agreement (including any other agreements which relate or refer to the Future Agreement) as compared solely to financial terms in this Agreement.
VALUATION BASIS. The State will ensure that notwithstanding the provisions of any Act or anything done or purported to be done under any Act the valuation of all land (whether of a freehold or leasehold nature) the subject of this Agreement (except any part upon which for the time being a permanent residence is erected or which for the time being is occupied in connection with that residence and except also any part upon which for the time being there stands any improvements that are used in connection with a commercial undertaking not directly connected with the operations of the Joint Venturers under this Agreement) will for rating purposes be deemed to be on the unimproved value thereof and no such land will be subject to any discriminatory rate but the Joint Venturers will be at liberty should they so desire to make the election provided for by Section 533B of the Local Government Act 1960.
SECTION 12.01 IMPLEMENTATION OF PROPOSALS The Joint
(a) construct install and provide upon the mineral lease or in the vicinity thereof or at the port (as the case may be) mining plant and equipment crushing screening stockpiling and car loading plant and facilities power house workshop and other things of a design and capacity adequate to enable the Joint Venturers to meet and discharge their obligations hereunder and to mine handle load and deal with not less than three thousand (3,000) tons of iron ore per diem such capacity to be built up progressively to not less than ten thousand (10,000) tons of iron ore per diem within three (3) years next following the export date;
(b) actually commence to mine transport by rail and ship from the Joint Venturers’ wharf iron ore from the mineral lease so that the average annual rate during the first two years after export date shall not be less than one million (1,000,000) tons.
VALUATION BASIS. The Valuation Basis for the Equipment or any Unit shall be the amount set forth as such on its Lease Schedule. Such amount shall be the vendor's invoice cost, but if the invoice cost is unavailable for each Unit, it shall be the list price. The Valuation Ratio of a Unit is its proportional value used to determine certain amounts due hereunder and shall be the Valuation Basis of such Unit divided by the Valuation Basis of the Equipment.
VALUATION BASIS. The purchase consideration for 51% of the equity interest of Holding Company is USD$10,200,000, valued at five times of 51% of the anticipated future annual net profit of Holding Company whereas Holding Company guarantees to generate annual net profit of USD$4,000,000, and provides for an adjustment to the purchase price in the event that Holding Company does not achieve an annual net profit of $4,000,000 during fiscal year 2006. The purchase consideration is payable 35% in cash and 65% in restricted shares of PACT, equivalent to 825,000 restricted PACT shares valued at USD$8 per share. The purchase price is payable upon achievement of certain quarterly earn-out targets based on net profits as set out in Table 1.
