Valuation Report. The Borrower shall deliver to Lender servicing valuations conducted by a Valuation Agent with respect to the value of Borrower’s servicing portfolio in accordance with Section 2.04 hereof.
Valuation Report. Each of Ashland and Marathon shall use its reasonable best efforts to cause Deloitte & Touche LLP to deliver to Ashland and Marathon, no later than July 15, 2004, a report, in form and substance reasonably satisfactory to each of Ashland and Marathon and consistent with the Engagement Letter dated as of November 24, 2003, among Ashland, Marathon and Deloitte & Touche LLP. Each of Ashland and Marathon shall, and shall cause each of its affiliates (including MAP) to, cooperate with Deloitte & Touche LLP in connection with the preparation of such report, which cooperation shall include the provision of any relevant books, records, documentation and other information and the making available of its employees and facilities as Deloitte & Touche LLP may reasonably request.
Valuation Report. 4 The Valuer shall prepare a Valuation Report which includes his or her assessment of Market Value as though:
Valuation Report. The Obligor shall have provided to the Agent a form of valuation report prepared by the Custodian providing the value of the Collateral in the Custodial Account, such form to be in form and substance reasonably satisfactory to the Agent.
Valuation Report. At the expense of the Borrowers, a valuation report of each Vessel by independent brokers and valuers acceptable in all respects to the Agent confirming that the aggregate market value of the Vessels exceeds $70,000,000.
Valuation Report. At any time on or after the second anniversary of the Effective Date, VENDOR may inform SANOFI of VENDOR’s decision to engage, an independent third party professional of national reputation certified by the National Association of Certified Valuation Analysts (“NACVA”) or an independent third party professional mutually agreed to by both VENDOR and SANOFI, to prepare a valuation report of VENDOR (“Valuation Report”). Prior to engagement by VENDOR: (i) the identity of such independent third party shall be presented to SANOFI for its approval as to acceptability, such approval not to be unreasonably withheld, and (ii) the Parties will jointly agree on the scope and criteria for such Valuation Report. The cost of the preparation of the Valuation Report shall be borne 50% by VENDOR and 50% by SANOFI. To the extent that such Valuation Report concludes that (x) VENDOR’s assets are greater than VENDOR’s liabilities at fair value (or fair market value); (y) VENDOR has sufficient capital to operate its business; and (z) VENDOR has the ability to pay its debts as they mature, the following shall occur: (xx) all Affirmative Covenants (as defined in Section 2.C.) and Negative Covenants (as defined in Section 2.D.) shall terminate, (yy) all reporting obligations set forth in Section 3.C. shall terminate, and (zz) all future Subsidy Payments set forth in Section 3.A. and the associated Subsidy Payment credit mechanism set forth in Section 3.F. will be converted into a take or pay arrangement as further described in Section 3.E.
Valuation Report. Originals or copies capable of being relied upon by the Finance Parties (and to the extent agreed by the providers addressed to the Finance Parties) of the Original Valuation Report and an appropriate reliance letter
Valuation Report. (a) the calculations contained therein are accurate and have been prepared in accordance with the terms and conditions of the Warehouse Credit Agreement; and (b) no prepayment is required under the terms of Section 4.02 of the Warehouse Credit Agreement.
Valuation Report. The fair valuation of the Projects as at 30 September 2023 assessed in the Valuation Report was prepared using the discounted cash flow method of the income approach. As a result, such valuation constitutes a profit forecast under Rule 14.61 of the Listing Rules. The conclusion of the valuation estimates the market value of the Projects on the basis of the valuation purpose and under the assumption of open market, without considering the impact on the value caused by the potentially increased or decreased price resulted from the special transaction method, or the impact on the changes of the macroeconomic environment and the natural force and other force majeure. According to the Valuation Report, the indicative valuation of the Projects reflects the equity of the Projects as at 30 September 2023 in the range of AUD755.8 million (low end) and AUD871.7 million (high end), with a midpoint of AUD813.7 million. The Company took into account of the midpoint when determining the Equity Value. Based on the above, the Equity Value of the Sale Shares agreed by the Parties is AUD813 million. The consideration of the Acquisition shall be further adjusted pursuant to the mechanisms set out in paragraphs headed “LDs and Insurance Claim Amount True-up” and “Construction Wrap” above. Based on the above factors taken into account when determining the consideration of the Acquisition and other factors set out in the paragraph headed ‘‘Reasons for and Benefits of the Acquisition’’ below, the Directors are of the view that the consideration of the Acquisition is fair and reasonable and in the interests of the Company and the Shareholders as a whole. Details of the key assumptions upon which the Valuation Report was issued are set out below:
Valuation Report. At the expense of the Borrowers, a valuation report of each Vessel by independent brokers and valuers acceptable in all respects to the Agent confirming that the aggregate market value of the Vessels exceeds the asset coverage ratio in accordance with Clause 22.8 (Asset coverage).
