First Valuation definition

First Valuation shall have the meaning assigned to such term in Section 5.16.

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First Valuation shall have the meaning set forth in Section 4.5(a) of this Agreement.

First Valuation means the valuation of the Shares to be carried out by the appointed auditor in the Valuation Report at a date 3 months from the date of this agreement Any term not defined in this Agreement shall bear the meaning assigned to it in the Software Agreement and the Product Know-How Agreement.

Examples of First Valuation in a sentence

Notwithstanding anything to the contrary, the Borrower, at its own option and without any instruction from the Administrative Agent may obtain a First Valuation from time to time and deliver same to the Administrative Agent (for distribution to the Lenders).
In the event the Borrower is not satisfied with the results of any First Valuation, then the Borrower will have 30 days after the Borrower’s receipt of such First Valuation during which to obtain, at its option and at its sole cost and expense, an additional Valuation (a “Second Valuation”) from one of the Approved Brokers, as selected by the Borrower.
If any such Second Valuation is obtained and the results thereof indicate a value for the subject Mortgaged Vessel of at least 110% of the value indicated in the First Valuation, then the Borrower will have 30 days after the receipt of such Second Valuation from the relevant Approved Broker during which to obtain, at its option and at its sole cost and expense, a further additional Valuation (a “Third Valuation”) from one of the Approved Brokers, as selected by the Borrower.
The average value of any First Valuation, Second Valuation (to the extent obtained as provided above) and Third Valuation (to the extent obtained as provided above) of any Mortgaged Vessel shall constitute the Valuation of such Mortgaged Vessel for all purposes under the Loan Documents until any subsequent Valuation of such Mortgaged Vessel is obtained in accordance with this Section 5.16.

More Definitions of First Valuation

First Valuation means a valuation of the Company Equity Value performed by an Independent Appraiser any time between the second anniversary of the Effective Date and 60 days prior to the ten-year anniversary of the Effective Date, if requested in writing by such holders of a majority of the Tranche 1 Warrants.

First Valuation has the meaning assigned to such term in Section 1.4 of Schedule 2.4(iii).

First Valuation has the meaning given to it in paragraph 4.1 of Schedule 15.5 (Pensions);