Market Valuation definition
Examples of Market Valuation in a sentence
The Manager shall value the Portfolio from time to time as required by Section 2.06 of the Security Agreement in order to prepare the reports required thereunder, using the portfolio valuation methods set forth in the Market Valuation Addendum attached as Schedule 1.01 to the Security Agreement, in order to determine whether a Coverage Shortfall, a Program Shortfall or a Net Worth Deficit has occurred and is continuing and whether the Market Sensitivity Limit has been exceeded.
The Corporation shall carry out in good faith and in a commercially reasonable manner all calculations required under this Agreement including but not limited to those involving the amount of interest payable, Market Valuation Adjustments, Fees, government guarantee fees and Increased Costs.
If the lower of the two Market Valuations does not equal 85% or more of the higher Market Valuation, within ten business days following the Submission Date the two Appraisers selected by the Offeror and Offeree shall jointly select a third Appraiser to perform a third Market Valuation and submit it to the Offeror and Offeree within 20 business days following its selection to provide such valuation.
If the Offeree elects to initiate a sale of the Company pursuant to Section 10.1(b) above, the Board shall select and retain an investment banking firm of national reputation to arrange such sale at a target price (“Target Price”) equal to (x) the price contained in the Sale Proposal if the Final Market valuation was at least 85% of such price, or (y) the Final Market Valuation if the Final Market Valuation was less than 85% of the price contained in the Sale Proposal.
If the Final Valuation Prices is more than the price contained in the Sale Proposal, the Offeree has the option to purchase the Offeror’s Membership Interest for the Fair Market Valuation, or initiate a sale of the Company.