Designated Value definition

Designated Value means, with respect to any Real Property, the book value of such Real Property, together with the book value of all fixtures appurtenant thereto and all improvements thereon.

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Designated Value of the shares on a specified date shall mean (i) the average of the closing prices of the common stock on the principal market or registered exchange on which the Company's common stock is traded (or the average of the closing bid and ask prices, if a single closing price is not reported for such market) on the ten (10) consecutive trading days next preceding the date for the determination of such value, provided that the stock is then traded on the over the counter market or on the NASDAQ System or any registered securities exchange, or (ii) if not publicly traded, the book value per share of the Company as of the end of the calendar quarter next preceding the date of determination of such value.

Designated Value means $1,755.50 per Net Acre.

Examples of Designated Value in a sentence

• The value of each Option to be surrendered in payment of the Option Price shall be determined by subtracting the Option Price from the Designated Value as of the date of receipt of notice of the exercise of the Options by the Corporate Secretary of the Company.

• The 1996 Senior Management Options shall vest ratably as of the earlier of (i) the end of the three calendar years, 1997, 1998, 1999, or (ii) when and as the Designated Value of the Company's common stock has achieved the milestones of $7.00, $9.00, and $11.00 per share, respectively.

• The 1996 Senior Management Options may be exercised in whole or in part, from time to time, at any time after vesting through December 31, 2006 by the payment of cash or the tender of shares of the Company's common stock (including shares of common stock otherwise receivable as a result of the exercise of said options or any other options) having a Designated Value equal to the exercise price of the 1996 Senior Management Options being exercised.

• Notwithstanding anything herein to the contrary, for purposes of the determination of Designated Value pursuant to the preceding proviso, the penultimate paragraph of this covenant shall not apply.

• The value of Shares to be withheld shall be based on the Designated Value of the Common Stock on the date that the amount of tax to be withheld is to be determined.

More Definitions of Designated Value

Designated Value is defined in Sections 3.2(a), 3.2(d)(iii), 3.2(e)(iii), 3.2(f)(iii) and 3.2(g)(iii).

Designated Value shall have the meaning given such term in Section 36(a) hereof.

Designated Value means the sum of One Thousand Dollars ($1,000) per share of Series B Preferred Stock plus all accrued and unpaid dividends thereon.

Designated Value means the Market Price of the Medical Manager Stock on the Trigger Date.

Designated Value applicable to the BOE-1 Incentive Units and to each such additional series of BOE Incentive Units to the extent necessary to cause such Units to constitute “profits interests” as provided in Section 3.2(k)(ii). The Designated Value for each such additional series of BOE Incentive Units shall equal not less than an amount that would, in the reasonable determination of the Board, be distributed with respect to each BOE Preferred Unit if, immediately prior to the issuance of such additional series, the assets of the Company were sold for their fair market value and the proceeds (net of any liabilities of the Company) were distributed pursuant to Section 6.1(c).

Designated Value shall have the meaning set forth in Section 15.1(c).

Designated Value with respect to any parcel of Eligible Big Beaver Real Property at any time, the lesser of (a) the aggregate of the aggregate then outstanding principal amount of Purchased Credit Facilities and amounts advanced by the Borrower prior to and after the Initial Closing Date to complete construction of the related projects (i) owed by the owner of such Eligible Big Beaver Real Property and (ii) with respect to which the related promissory note or other evidence of indebtedness is then subject to a perfected security interest in favor of the Trustee subject to no prior Liens other than as permitted by subsection 8.4(a) and (b) the value of such Eligible Big Beaver Real Property set forth in the Final Appraisal or Preliminary Appraisal delivered with respect thereto, provided that, (x) if a Final Appraisal was not delivered with respect to any parcel of Eligible Big Beaver Real Property as of the [ ] Initial Closing Date, then upon delivery of such Final Appraisal (i) the value of such parcel of Eligible Big Beaver Real Property for purposes of this clause (b) shall be the value of such parcel of Eligible Big Beaver Real Property set forth in such Final Appraisal and (ii) the Borrowing Base shall (to the extent required) be adjusted to reflect such value effective as of the delivery of the Borrowing Base Certificate in respect of the fiscal month in which such Final Appraisal is delivered to the Administrative Agent and (y) if, at the time such Final Appraisal is delivered, the relevant parcel of Eligible Big Beaver Real Property is still under construction, (i) the Borrower may request that the Administrative Agent obtain another Final Appraisal with respect to such parcel of Eligible Big Beaver Real Property and (ii) if the Administrative Agent obtains any such Final Appraisal, then, upon delivery of such Final Appraisal (A) the value of such parcel of Eligible Big Beaver Real Property for purposes of this clause (b) shall be the value of such parcel of Eligible Big Beaver Real Property set forth in such Final Appraisal and (B) the Borrowing Base shall be adjusted to reflect such value effective as of the last day of the fiscal month in which such Final Appraisal is delivered.