Gross Market Value of one or more Positions means an amount equal to the sum of all Current Market Values of all such Positions, where, for the avoidance of doubt, the Current Market Value of each Position is expressed as a positive number whether or not such Position is held long.
Gross Market Value means the value of the assets of the Company or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.
Gross Market Value has the following meaning:
(A) If the Company causes refined Minerals to be produced from the Mining Area meeting the applicable specifications for the relevant market described below, “Gross Market Value” shall mean, for the applicable Mineral, the Quarterly Average of
Examples of Gross Market Value in a sentence
Royalties shall be determined adopting as a reference the Gross Market Value of the quantity and price of the mining product made available or marketed, based on the quoted value of the product in international stock markets or exchanges.
The Gross Market Value is obtained from the most recent property tax assessment.
Encumbrances on any item must be verified and deducted from the Gross Market Value in order to obtain the Net Market Value (NMV).
It shows the aggregate positive market values of all outstanding contracts to in-the-money counterparties.6 Gross Credit Exposure applies the benefits of netting to the Gross Market Value.
In the event any of the Partnership assets are adjusted pursuant to Section 1.13, subsequent Partnership allocations of income, gain, loss and deduction with respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income tax purposes and its Gross Market Value in the same manner as required under Code Section 704(c) and the Treasury Regulations thereunder.
More Definitions of Gross Market Value
Gross Market Value means, for the applicable Mineral, the Quarterly Average of
Gross Market Value means the higher of the contract price paid for the taxable product or the highest price offered for the same type of product in the field within a thirty day
Gross Market Value means actual sale proceeds less Allowable Costs properly attributable thereto.
Gross Market Value means actual sale proceeds less (i) Neutron’s actual processing costs after extraction from shafts or xxxxx but prior to sale and (ii) Allowable Costs properly attributable thereto.
Gross Market Value has the following meaning: [See definition in Gross Value royalty alternative]
Gross Market Value means, with respect to any Partnership asset, the asset’s adjusted basis for federal income tax purposes, except as follows:
(a) The Gross Market Value of all Partnership assets shall be adjusted to equal their respective gross fair market values, as determined by the General Partner, as of the following times:
(i) The acquisition of an additional interest in the Partnership by any new or existing Partner in exchange for more than a de minimis capital contribution;
(ii) The distribution by the Partnership to a Partner of more than a de minimis amount of Partnership assets as consideration for the disposition of an interest in the Partnership; and
(iii) The liquidation of the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(2)(ii)(g); Adjustments pursuant to clauses (i) and (ii) above shall be made only if the General Partner reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interests of the Partners in the Partnership. Limited Partnership Agreement of Cowtown Gas Processing Partners L.P. Page 3 of 35
(b) The Gross Market Value of any Partnership asset contributed by or distributed to any Partner shall be the gross fair market value of the asset on the date of contribution or distribution; and
(c) The Gross Market Value of Partnership assets shall be increased (or decreased) to reflect any adjustments to the adjusted basis of the Partnership assets pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining the Partners’ Capital Accounts pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m). The Gross Market Value of the Partnership assets shall not, however, be adjusted under this Section 1.13(c) to the extent that the General Partner determines that an adjustment pursuant to Section 1.13(a) is necessary or appropriate in connection with a transaction that would otherwise result in an adjustment pursuant to this Section 1.13(c).
(d) If the Gross Market Value of an asset has been determined or adjusted as provided in this Section 1.13, the Gross Market Value of the respective asset shall thereafter be adjusted by the Depreciation, depletion, amortization, gain or loss, as determined for both purposes with respect to the asset for purposes of computing the Partners’ Capital Accounts, as required by Treas. Reg. §1.704- 1(b)(2)(iv)(g);
Gross Market Value has the following meaning: [See definition in Gross Value royalty alternative] but is generally not appropriate for most other minerals. Consideration should be given to indexing this type of royalty for inflation given the extended term of the Agreement.] MINERAL ROYALTY RATE [⚫] per ton [Note: Example optional provision to adjust unit-based Royalty for inflation: The Royalty rate for each Mineral shall be adjusted annually every years after the Date of Commencement of Commercial Production at the commencement of such year. The Royalty rate shall be adjusted up or down based upon the variation in the [choose appropriate index, for example: Producers Price Index, Industrial Commodities, of the United States Department of Labor, Bureau of Statistics.] (the “Adjustment Index”). For the purposes of such adjustment, the “Base Index” shall be calculated by ascertaining the arithmetic average of the Adjustment Index for each quarter during the calendar year preceding the Date of Commencement of Commercial Production. The first adjustment for the variation in said index shall be made effective [specify date], using the arithmetic average of the Adjustment Index for each quarter during the calendar year preceding such date of adjustment, and the variation in such index from the Base Index shall thereafter be calculated annually in the same manner (the “Variation Index”). To determine the Royalty rate for any calendar year beginning [specify date], the Variation Index for such year shall be divided by the Base Index and the resulting quotient multiplied by the Royalty Rate for each Mineral.]
(a) Variation of Royalty Rate
(i) The Royalty Rate payable under this Agreement shall be based on the profitability of Mining Operations, adjusted annually after the end of the Company’s financial year and effective as of the commencement of the Company’s next financial year.