Floor Value definition

Floor Value means the value calculated in the most recent Reserve Report delivered pursuant to Section 8.5 of the Indenture consisting of the sum of (a) the discounted present value (using six percent (6.0%) discount rate) of the projected net cash flows from the hedged portion of the Oil and Gas Portfolio through the Final Scheduled Payment Date using the hedged commodity prices with respect thereto, and (b) the discounted present value (using six percent (6.0%) discount rate) of the projected net cash flows from the unhedged portion of the Oil and Gas Portfolio through the Final Scheduled Payment Date using floor prices of $35.00 per barrel for oil, $2.00 per mcf for gas, and $12.25 per barrel for natural gas liquids, in each case calculated on an annual basis (or, to the extent the Manager in its discretion obtains an updated Reserve Report prior to any otherwise scheduled annually updated Reserve Report, calculated on a more frequent basis to reflect the projected proceeds described in such updated Reserve Report).

Floor Value means the quotient of (a) (i) $467,700,000 minus (ii) the amount of Indebtedness of the Company and its Subsidiaries as of such date, plus (iii) the amount of Cash as of such date in excess of the Working Capital Peg, divided by (b) the aggregate number of outstanding Units as of such date.

Floor Value means $10.00, as adjusted to appropriately and equitably reflect the changes described in Section 2.5.

Examples of Floor Value in a sentence

• If the Per Share Actual Value at the date of the Vesting Event exceeds the Per Share Floor Value, 100% of the Options which are then outstanding shall become vested as of the Vesting Event.

• If the Per Share Actual Value as of the Vesting Event does not exceed the Per Share Floor Value, no portion of the Options shall become vested.

• The Options shall become vested in accordance with this Section 2(b), if at all, on the date of a Change in Control (the “Vesting Event”) in which the Per Share Actual Value exceeds the Per Share Floor Value (as each such term is defined below).

• The object of main interest for the insurance company is the total claim amount23 24 Chapter 2.

• For avoidance of doubt, the Partixx xxxxowledge that, in the event no Darlene Floor Value shall then have been established, Hughes shall hxxx xx such obligation pursuant to this Section 6.6.E xxxxxxless of whether a Liquidity Event shall have occurred.

More Definitions of Floor Value

Floor Value means the value of the Vendor's Wi-LAN Common Shares on a certain date equal to: the closing price of the Wi-LAN Common Shares on the Exchange on the last trading day prior to the applicable valuation date X the United States/Canadian currency base noon exchange rate at the Federal Reserve Bank of New York on the last trading day prior to the applicable valuation date

Floor Value means $2.4993 subject to Section 2.6(a)(v)(6).

Floor Value means One Hundred Eighteen Million Five Hundred Thousand Dollars ($118,500,000); provided, that, in the event that (i) one hundred percent (100%) of Annual Target III (as defined in the 2019 EAR) has not been achieved by December 31, 2022 and/or (ii) one hundred percent (100%) of Target III (as defined in the 2020 EAR) has not been achieved during the Target III Measurement Period (as defined in the 2020 EAR), then the Floor Value shall be decreased by a proportionate percentage equal to the aggregate percentage, if any, by which the Aggregate EAR Value was decreased as a result of the applicable target or targets not being achieved (i.e., if the Aggregate EAR Value is decreased by ten percent (10%), then the Floor Value would be proportionately decreased by ten percent (10%)).

Floor Value means $2.00 per share, subject to equitable adjustment for any stock split, reverse stock split and stock dividend with respect to the Common Stock after the date hereof.

Floor Value means the dollar value of the Applicable Percentage of Twenty Five Million Dollars ($25,000,000).

Floor Value means the greater of (a) the Valuation Period Market Value and (b) $26.48.

Floor Value means $2.25, subject to Section 2.6.