LLC Value definition

LLC Value means the Valuation for the last completed Fiscal Year prior to the event giving rise to the calculation of LLC Value.
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LLC Value means the value of the LLC as determined under the LLC Agreement.
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LLC Value is the fair market value of the LLC, which shall be determined by multiplying the average of the Adjusted Free Cash Flow for the two Fiscal Years ending on the Determination Date immediately preceding the Purchase Closing Date ("Average Adjusted Free Cash Flow") by: (i) [*] , if the compound annual growth rate of Advisory Fees for the five Fiscal * CONFIDENTIAL TREATMENT REQUESTED Years ending on the Determination Date immediately preceding the Purchase Closing Date is 0% or less; or (ii) [*], if the compound annual growth rate of Advisory Fees for the five Fiscal Years ending on the Determination Date immediately preceding the Purchase Closing Date is [*]% or more. If the compound annual growth rate of Advisory Fees for the five Fiscal Years ending on the Determination Date immediately preceding the Purchase Closing Date is between 0% and 10%, the multiple will be interpolated evenly between [*] and [*]. In determining LLC Value as of the December 31, 1999 Determination Date, Average Adjusted Free Cash Flow shall be an amount equal to the Adjusted Free Cash Flow for the Fiscal Year ending on December 31, 1999. For the purpose of computing the LLC Value, the LLC's Advisory Fees for the year ended December 31, 1998 shall include advisory fees collected by Roxbury for the calendar year ending December 31, 1998. If, at any time on or after December 31, 1999 at which the LLC Value is calculated the LLC has been in operation for less than five years, the multiple will be chosen by comparing the Advisory Fees for the period from January 1, 1999 through the applicable Determination Date with the LLC's Advisory Fees for the year ended December 31, 1998 (as determined in the preceding paragraph). LLC Value shall be determined only once each year; the determination will be made on or before February 28 of each year with respect to LLC Value as of December 31 of the immediately preceding year. See examples in Exhibit C.
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Examples of LLC Value in a sentence

  • Approximately 1,750,000 of the Initial Share Reserve shall be used immediately following the Registration Date to grant Nonstatutory Stock Options in replacement of existing outstanding Value Appreciation Rights previously granted under the Shutterstock Images LLC Value Appreciation Plan.

  • If the Manager decides to permit reinvestment, it must notify Members of the procedure and terms for reinvestment and any change in the procedure or terms.

  • Compliments of David Sutherland, LLC Value: $13,286 Note: The package includes a set of four chairs.

  • If the LLC's financial statements are unavailable until after February 28 of a year beginning in 2003, the Board shall notify, on or before February 28 of that year, each Member of the estimated LLC Value as of December 31 of the immediately preceding year and shall notify each Member of the actual LLC Value as promptly as possible after such financial statements become available.

  • If the Purchase Closing Date with respect to any LLC Interests put pursuant to this Section 7.2 has not occurred, and the LLC Value differs from the estimated LLC Value by 5% or more, each Principal and/or his or its Permitted Transferees who or that has exercised his or its Put rights shall have the right to rescind his and/or its decision to exercise of his or its Put rights.

  • Except as provided in the next paragraph of this Section 7.2(a), on or before February 28 of each year beginning in 2003, the Board shall notify each Member of the LLC Value as of December 31 of the immediately preceding year.

  • Ronald Brown: Research and Analysis; Gibson Consulting, LLC; Value Tech Realty Services, Inc.; and Vogt Santer Insights, LTD.

  • TXU Energy Retail Company LLC TXU Retail Services Company Upton County Solar 2, LLC Value Based Brands LLC Vistra Asset Company LLC Vistra Corporate Services Company Vistra EP Properties Company Vistra Finance Corp.

  • As is consistent with the terms of the Verily Life Sciences, LLC, Value Creation Award Plan and the benefit provided to other similarly situated executives, I am permitted to cash out my vested Employee Units at any time.

  • The outstanding claims provision is based on the estimated ultimate cost of all claims incurred but not settled at the reporting date, whether reported or not, together with related claims handling costs and reduction for the expected value of salvage and other recoveries.Delays can be experienced in the notification and settlement of certain types of claims, therefore, the ultimate cost of these cannot be known with certainty at the reporting date.


More Definitions of LLC Value

LLC Value means the fair market value of the Company, as of the applicable Determination Date, determined consistently with the methodology described in Exhibit B by a reputable investment banking firm or other independent third party selected by the Board with experience in valuing investment advisory firms.
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Related to LLC Value

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • 704(c) Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner using such reasonable method of valuation as it may adopt. Subject to Exhibit B hereof, the General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • Adjusted Value as used in subdivision (d) means:

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Intrinsic Value means reinstatement value of insured property or item less due allowance for betterment, wear and tear and/or depreciation

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Cash Value means the greater of (i) the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan), and (ii) the amount the policyholder can borrow under or with regard to the contract. Notwithstanding the foregoing, the term “Cash Value” does not include an amount payable under an Insurance Contract as: (1) a personal injury or sickness benefit or other benefit providing indemnification of an economic loss incurred upon the occurrence of the event insured against; (2) a refund to the policyholder of a previously paid premium under an Insurance Contract (other than under a life insurance contract) due to policy cancellation or termination, decrease in risk exposure during the effective period of the Insurance Contract, or arising from a redetermination of the premium due to correction of posting or other similar error; or (3) a policyholder dividend based upon the underwriting experience of the contract or group involved.

  • Acquisition Value of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Common Stock in connection with such Public Acquirer Change of Control, as follows:

  • Stock Value means an amount equal to (a) 25% multiplied by (b) (i) the Closing Purchase Price, minus (ii) the Financial Debt, minus (iii) the Transaction Expenses.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Closing Average Share Value means the average, over the trading days in the Closing Average Period, of the closing price of the company’s stock multiplied by the Accumulated Shares for each trading day during the Closing Average Period.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Net Consideration Per Share means the amount equal to the total amount of consideration, if any, received by the Company for the issuance of such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities, plus the minimum amount of consideration, if any, payable to the Company upon exercise or conversion thereof, divided by the aggregate number of shares of Common Stock that would be issued if all such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities were exercised, exchanged or converted.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Good Value means that the Benchmarked Rates are within the Upper Quartile

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Fund Value means the separate account assets associated with the Variable Annuity Business.