Gross Orderly Liquidation Value definition
Gross Orderly Liquidation Value means, as to any asset, the value of such asset that is estimated to be recoverable in an orderly liquidation of such asset, such value to be as determined from time to time by a qualified appraisal company selected by Agent.
Gross Orderly Liquidation Value means, with respect to the Eligible Rolling Stock, as of any date of determination, the gross orderly liquidation value thereof as determined by an independent third party appraiser acceptable to the Agents pursuant to an appraisal conducted in accordance with Section 7.01(f)(ii), prior to any deduction for expenses.
Gross Orderly Liquidation Value or "Net Amount of Eligible Accounts Receivable", that would result in an increase in the Borrowing Base (or in any definition contained in the Financing Agreement used in connection with the definition of the foregoing terms that would result in an increase in the Borrowing Base), in the case of each of clauses (iii) through (vii) above, without the written consent of each Senior Lender. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.
More Definitions of Gross Orderly Liquidation Value
Gross Orderly Liquidation Value means with regard to any Inventory, the gross proceeds that could be expected from an orderly liquidation sale of such Inventory, professionally managed, with the seller obligated to sell over a defined period not to exceed ninety (90) days, as applicable, from the commencement of such sale, assuming that (a) the Borrowers' facilities are in limited operation, utilizing select current employees of the Borrowers, for the purpose of liquidating the Inventory, (b) the Inventory would be disposed of on a piecemeal basis or through appropriate groupings, under a scenario whereby the purchasers are buying "as is, where is" for cash or cash equivalent, (c) the terms are sold on a Free On Board ("FOB") warehouse basis, and (d) taking into consideration current economic trends, condition, location and marketability.