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.

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

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 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.

• 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.

• 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.

• Notwithstanding anything herein to the contrary, for purposes of the determination of Designated Value pursuant to the preceding proviso, the final paragraph of this Section 8.10(d)(ii) shall not apply.

More Definitions of Designated Value

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

Designated Value means $1,755.50 per Net Acre.

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

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

Designated Value of the Shares shall be equal to the product of (1) the value of the Company as a going business and (2) the Pro-Rata Percentage of the Shares to be transferred.

Designated Value for any Lease, Unit or Well shall be the amount agreed upon by Buyer and BRG which the parties commit to negotiate in good faith, provided, however, that in the event that the parties are unable to reach agreement on the Designated Value after a period of one full business day after the receipt by BRG of the Defect Notice containing Buyer's proposed Designated Value, the Designated Value shall be determined by the independent petroleum engineering firm of Xxxxx Xxxxx Company. Each of the parties commits to promptly provide all information and material relevant to the issue in its possession to such firm as promptly as practical. Such firm shall provide its opinion of the Designated Value within two business days from the date of receipt of the information and materials from all parties and the decision of such firm shall be final and binding on all parties. The costs and expenses of obtaining such determination shall be paid and borne by the parties equally.

Designated Value means an amount designated by the Board of Directors as of the date Participant is designated to participate in the Plan, but not less than 95% of the Market Value on such date.