VALUATION OF STOCK. For purposes of this Section 7, the fair market value of one share of the Class of Stock issuable upon exercise of this Warrant shall mean:
(a) The product of (i) the average of the closing price or, if no closing price is reported, the closing bid and asked prices of the Common Stock, quoted in the Over-The-Counter Market Summary or the closing price quoted on any exchange on which the Common Stock is listed, whichever is applicable, as published in the Western Edition of The Wall Street Journal for the ten (10) trading days prior to the date of determination of fair market value, and (ii) the number of shares of Common Stock into which each share of the Class of Stock is then convertible, if applicable;
(b) If the Common Stock is not traded Over-The-Counter or on an exchange, the fair market value of the Class of Stock per share shall be as determined in good faith by the Company's Board of Directors; provided, however, that if the Warrantholder disputes in writing the fair market value determined by the Board of Directors within thirty (30) days of being informed of such fair market value, the fair market value shall be determined by an independent appraiser, appointed in good faith by the Company's Board of Directors.
VALUATION OF STOCK. In the Accounts:-
(a) stock was valued in the same way as in the two preceding financial years and on the basis of the lower of cost and net realisable value; and
(b) all redundant and obsolete stock was written off and full provision was made for all slow-moving and damaged stock.
VALUATION OF STOCK. The Stock of the Agency shall be valued and the sales price determined for purposes of this Agreement at $1.00 per share for the joint interests of Shareholders in each such share. The interest of a single Shareholder shall be equal to his or her fractional amount (with the numerator of one and the denominator being the total number of such Shareholders) of the sales price.
VALUATION OF STOCK. In the Last Accounts:
(a) all stock was valued in the same way as in the audited accounts of the Target for the 3 preceding financial years and on the basis of the lower of cost or net realisable value;
(b) all redundant and obsolete stock has been fully written off and all slow-moving and damaged stock has been adequately provided for.
VALUATION OF STOCK. Subject to paragraphs 5.1, 5.2 and 5.3 above, all stock will be valued at standard cost (standard costs are those set for 1997/8) other than engineering stores which will be valued at historic cost.
VALUATION OF STOCK. The valuation shall be made in accordance with principles laid down in ICI's Controller's Manuals as consistently applied by the Business. "
VALUATION OF STOCK. If JuriSearch stock is used to satisfy ------------------- any obligation, the stock will be valued at the lower of $0.40 (40 cents) or the lowest price at which JuriSearch has sold its stock in the six months immediately preceding the payment, other than to employee benefit plans.
VALUATION OF STOCK. In the Accounts:
4.5.1 stocks (excluding long-term contract balances) were valued in the same manner adopted in the [two] preceding accounting periods and on the basis of the lower of cost and net realisable value;
4.5.2 all redundant and obsolete stocks were wholly written off and all slow moving and damaged stocks were written down appropriately and the value of the remaining stock included in the relevant balance sheets did not exceed the lower of cost and net realisable value as at the Last Accounting Date.
4.5.3 the value of the work in progress shown in the Accounts properly reflects only the direct costs incurred by the Company.
VALUATION OF STOCK. The NTN Shares delivered under Section 1.2(d) shall be valued on the lesser of (i) 85% of the 10-day trailing average closing price of the Parent Common Stock on the American Stock Exchange as of November 12, 2003 and (ii) 85% of the 10-day trailing average closing price of the Parent Common Stock on the American Stock Exchange three business days prior to the Closing Date; provided, however that if the Closing Date occurs after December 5, 2003 then the NTN Shares shall be valued pursuant to (i) above.
VALUATION OF STOCK in-trade and work in progress ------------------------------------------------
(a) In the Accounts, the stock-in-trade and work in progress of each of the Group Companies has been treated in accordance with the Applicable Accounting Principles.
(b) In the Accounts, all redundant, obsolete and slow-moving stock-in-trade has been written off or written down, as appropriate.
