Average Appraised Value definition

Average Appraised Value means the average of the valuations in United States of America dollars of the Diamonds determined by two independent graders, one appointed by the Purchaser and one appointed by the Vendor. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds, the grades of the Diamonds (gem or industrial) and the colours, size and clarity of the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry price books, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to the Vendor on this basis, regardless of the price or proceeds actually received by the Purchaser for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. The Purchaser will calculate and pay the XXXX to the Vendor within thirty (30) days of the end of each calendar quarter of all Diamonds from the Property which are graded in such calendar quarter. The Vendor shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Purchaser actual marketing or sales practices. To that Agreement between XXXXXX X. XXXX., as the Vendor, ORO CAPITAL CORPORATION, as the Purchaser, dated the 1st day of September, 2011.
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Average Appraised Value means the average of the valuations in Canadian dollars of the Diamonds determined by two independent graders, one appointed by Mobridge and one appointed by Laronde. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry pricebooks, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to Laronde on this basis, regardless of the price or proceeds actually received by Mobridge for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. Mobridge will calculate and pay the XXXX to Laronde within 30 days of the end of each calendar quarter, based on all Diamonds from the Property which were graded in such calendar quarter. Laronde shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Purchaser’s actual marketing or sales practices. Laronde shall also at his election have the right to take their XXXX in kind.
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Average Appraised Value means the average of the valuations in Canadian dollars of the Diamonds determined by two independent graders, one appointed by the Operator and one appointed by the Vendor. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry price books, standards and formulas. The parties acknowledge that the intention is that the GOR royalty be paid to the Vendor on this basis, regardless of the price or proceeds actually received by the Operator for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction.
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Examples of Average Appraised Value in a sentence

  • DEFINITION OF GROSS OVERRIDING ROYALTY ("XXXX") (All capitalized terms used herein shall have the definitions contained in the Agreement, unless otherwise specified.) Pursuant to the Agreement to which this Appendix is attached, the Optionors are entitled to a royalty (the "XXXX") equal to 2% of the Average Appraised Value (as hereinafter defined) of all gem and industrial diamonds recovered, sorted and graded from the Claims (the "Diamonds"), free and clear of all costs of development and operations.

  • DEFINITION OF GROSS OVERRIDING ROYALTY ("XXXX") (All capitalized terms used herein shall have the definitions contained in the Agreement, unless otherwise specified.) Pursuant to the Agreement to which this Appendix is attached, Forbes is entitled to a royalty (the "XXXX") equal to 2% of the Average Appraised Value (as hereinafter defined) of all gem and industrial diamonds recovered, sorted and graded from the Claims (the "Diamonds"), free and clear of all costs of development and operations.

  • DEFINITION OF GROSS OVERRIDING ROYALTY ("XXXX") (All capitalized terms used herein shall have the definitions contained in the Agreement, unless otherwise specified.) Pursuant to the Agreement to which this Appendix is attached, the Optionors are entitled to a royalty (the "XXXX") equal to 1% of the Average Appraised Value (as hereinafter defined) of all gem and industrial diamonds recovered, sorted and graded from the Claims (the "Diamonds"), free and clear of all costs of development and operations.


More Definitions of Average Appraised Value

Average Appraised Value means the average value of the Gerrard Property based on the applicable Current Appraisal. “Broadview Property” is the property municipally known as 255 Broadview Avenue, Toronto, ON.
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Average Appraised Value means the average of the valuations in Canadian dollars of the Diamonds determined by two independent graders, one appointed by New Inverness and one appointed by Cardinal. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry pricebooks, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to Cardinal on this basis, regardless of the price or proceeds actually received by New Inverness for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. New Inverness will calculate and pay the XXXX to Cardinal within 30 days of the end of each calendar quarter, based on all Diamonds from the Property which were graded in such calendar quarter. Cardinal shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Purchaser’s actual marketing or sales practices. Cardinal shall also at his election have the right to take their XXXX in kind.
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Average Appraised Value means the average of the valuations in Canadian dollars of the Diamonds determined by two independent graders, one appointed by the Payor and one appointed by the Owner. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry price books, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to the Owner on this basis, regardless of the price or proceeds actually received by the Payor for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. The Payor will calculate and pay the XXXX to the Owner within 60 days of the end of each calendar quarter, based on all Diamonds from the Property which were graded in such calendar quarter. The Owner shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Payor’s actual marketing or sales practices. The Owner shall at his election have the right to take the XXXX in kind by giving the Payor written notice of such election not less than 30 days prior to any calendar quarter. BETWEEN: AND: VECTOR Corporate Finance Lawyers Barristers & Solicitors 0000-000 Xxxx Xxxxxxxx Xxxxxx Xxxxxxxxx, X.X. X0X 0X0 Tel: (000) 000-0000 GHS/ghs THIS ADDENDUM (“Addendum”) effective as of January 31, 2007 in amendment to the Wapata Lake Uranium Property Option Agreement dated January 22, 2007. BETWEEN: THE SASKATCHEWAN SYNDICATE an unincorporated joint venture comprising 455702 B.C. LTD. and XXXXXXX XXXXX (collectively, the “Vendor”) AND: (the “Purchaser”)
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Average Appraised Value the aggregate Fleet Value of all Eligible Helicopter Equipment.
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Average Appraised Value means the average of the valuations in Canadian dollars of the Diamonds determined by two independent graders, one appointed by Heritage and one appointed by Blake. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry pricebooks, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to Blake on this basis, regardless of the price or proceeds actually received by Heritage for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. Heritage will calculate and pay the XXXX to Xxxxx within 30 days of the end of each calendar quarter, based on all Diamonds from the Property which were graded in such calendar quarter. Blake shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Purchaser’s actual marketing or sales practices. Blake shall also at his election have the right to take their XXXX in kind.
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Average Appraised Value means the average of the valuations ------------------------- in Canadian dollars of the Diamonds determined by two independent graders, one appointed by TAMARACK and one appointed by the XXXXXX. Such independent graders shall be duly qualified and accredited, and shall sort, grade and value the Diamonds in accordance with industry standards, having regard to, but without limiting the generality of the foregoing, the commercial demand for the Diamonds. Each independent valuator shall value each particular classification of the Diamonds in accordance with the industry pricebooks, standards and formulas. The parties acknowledge that the intention is that the XXXX is to be paid to the XXXXXX on this basis, regardless of the price or proceeds actually received by TAMARACK for or in connection with the Diamonds or the manner in which a sale of the Diamonds to a third party is made, and without deduction. TAMARACK will calculate and pay the XXXX to the Optionors within 30 days of the end of each calendar quarter, based on all Diamonds from the Property which were graded in such calendar quarter. XXXXXX shall not be entitled to participate in the profits or be obligated to share in any losses generated by the Purchaser's actual marketing or sales practices. XXXXXX shall also at their election have the right to take their XXXX in kind. SCHEDULE C TOTHAT CERTAIN AGREEMENT MADE AS OF APRIL 11, 2003 BETWEEN XXXXXX XXXXXX AND TAMARACK VENTURES INC. "NET SMELTER RETURNS"
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Related to Average Appraised Value

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Adjusted Value as used in subdivision (d) means:

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • Property Value means the fair market value of the real property, as remediated, less

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Average Market Value is the average of the closing sale prices of the Common Stock during the thirty (30) day period immediately preceding the date before the redemption date on the Composite Tape for New York Stock Exchange Listed Stocks, or, if such stock is not quoted on the Composite Tape, on the New York Stock Exchange, or, if such stock is not listed on such Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which such stock is listed, or, if such stock is not listed on any such exchange, the average of the closing sale prices with respect to a share of Common Stock during such thirty (30) day period, as quoted on the National Association of Securities Dealers, Inc. Automated Quotations System or any system then in use, or if no such quotations are available, the fair market value of the Common Stock as determined by the Board of Directors in good faith.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets; and

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.