Estimated Fair Market Value definition

Estimated Fair Market Value means the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Estimated Fair Market Value means the estimated fair market value of the Units as of a particular date, as determined by CS Capital Advisors, LLC or another independent valuation firm selected by the Manager and mutually acceptable to the Qualifying Members, which the Manager shall request such independent valuation firm to provide by the date of issuance of additional Units in the event that the FMV Participating Members (as defined in Exhibit D) cannot agree to the actual Fair Market Value, as provided in Exhibit D, by such date of issuance, provided however, that if the Manager determines that it is not reasonably practicable to retain CS Capital Advisors, LLC or another independent valuation firm timely, then “Estimated Fair Market Value” shall mean the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.

Estimated Fair Market Value means the estimated fair market value of the Units as of a particular date, as determined by CS Capital Advisors, LLC or another independent valuation firm selected by the Manager and mutually acceptable to the Qualifying Members, which the Manager shall request such independent valuation firm to provide by the date of issuance of additional Units in the event that the Members cannot agree to the actual Fair Market Value, as provided in Exhibit D, by such date of issuance, provided however, that if the Manager determines that it is not reasonably practicable to retain CS Capital Advisors, LLC or another independent valuation firm timely, then “Estimated Fair Market Value” shall mean the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.

Examples of Estimated Fair Market Value in a sentence

If at any time new Units are to be issued to a Member making additional Capital Contributions to the Company pursuant to Section 3.03 or Section 3.04 and the Fair Market Value of the Units has not been agreed to by the Members as provided in Exhibit D, then the number of Units to be issued to such Member shall be determined based upon the Estimated Fair Market Value as of the date of issuance of the Units.
Because such appraisal could not be completed prior to the Closing Date, the Purchaser and Seller have estimated the fair market value of the Option Assets consisting of Class B shares and Class B voting trust certificates as $362,041.20 ("Estimated Fair Market Value") based upon the information known to them as of the Closing Date.
If the Fair Market Value determined by the Independent Appraiser is less than ninety percent (90%) of the Participant’s Estimated Fair Market Value, the Participant may rescind his Put Notice by delivering a notice of rescission (the “Rescission Notice”) to the Board within ten (10) business days of the Independent Appraiser’s determination.
Because such appraisal could not be completed prior to the Closing Date, the Purchaser and Seller have estimated the fair market value of the Option Assets consisting of Class B shares and Class B voting trust certificates as $362,021.10 ("Estimated Fair Market Value") based upon the information known to them as of the Closing Date.
SECURITIES $ Estimated Fair Market Value Description: Basis and ownership detail is required information.

More Definitions of Estimated Fair Market Value

Estimated Fair Market Value means (A) with respect to equipment, furniture and improvements, 50% of net book value as of December 31, 1998 and (B) with respect to all other noncurrent Assets, 100% of net book value as of December 31, 1998. (ii) (x) If the Adjusted Net Asset Value is greater than or equal to $400,000, the Escrow Agent shall disburse to Seller the entire Escrow Fund.

Estimated Fair Market Value for any Property means, as of the date of any calculation of Alternative Value with respect to such Property, the most recent estimated “as-is” fair market value for such Property as determined by Altus Group or other third party valuation firm engaged by the Borrower or applicable member of the Consolidated Group, but only if a full appraisal report is performed by Altus Group or such other third party valuation firm not less than once in any calendar year. For the avoidance of doubt, Estimated Fair Market Value may be updated periodically in between the “as of” dates of any full appraisal report provided by Altus Group or

Estimated Fair Market Value means the selling agency’s best estimate of what the property would be sold for if offered for public sale.

Estimated Fair Market Value with respect to any (a) Acquisition Asset (other than an Approved Acquisition Asset), the “fair market value” of such Acquisition Asset as determined by the Borrowers’ Agent in its reasonable judgment and (b) Approved Acquisition Asset, the “fair market value” of such Approved Acquisition Asset as reflected in the most recent Business Valuation of such Approved Acquisition Asset delivered to the Administrative Agent in May 2010 or obtained by the Administrative Agent pursuant to Section 7.16, or at the request of the Borrowers’ Agent (at the Borrowers’ sole expense).

Estimated Fair Market Value shall have the meaning specified in Section 5.15(a).

Estimated Fair Market Value means the market value of the