Market Value Adjusted Total Assets definition

Market Value Adjusted Total Assets means, at any time, Total Assets adjusted to reflect the difference between the book values of all Fleet Vessels and the aggregate Market Value of all Fleet Vessels and lease transactions relating to any Fleet Vessels;

Market Value Adjusted Total Assets means, at any time, Total Assets adjusted to reflect the Market Value of all fleet vessel;

Market Value Adjusted Total Assets means total assets (excluding cash and cash equivalents) as shown in the latest relevant financial statements of the Borrower’s Group delivered in accordance with Clause 12.6 adjusted to reflect the market value of all vessels owned by the Borrower and its wholly owned subsidiaries, as determined by valuations in accordance with Clause 16.4 as at any relevant date;

Examples of Market Value Adjusted Total Assets in a sentence

• We also enclose copies of the valuations of all the Fleet Vessels which were used in calculating the Market Value Adjusted Total Assets of the Group as at [•].

• The ratio of Total Liabilities less Cash & Cash Equivalents to Market Value Adjusted Total Assets shall not exceed 0.70.

• Maintain at all times a ratio of not greater than 0.7:1.0 of (x) Total Debt less cash and Cash Equivalents to (y) Market Value Adjusted Total Assets less cash and Cash Equivalents excluding non-cash and non-recurring charges, provided that during the Second Waiver Period, the said ratio shall be not greater than 0.9:1.0.

• Maintain at all times a ratio of not greater than 0.7:1.0 of (x) Total Debt less cash and Cash Equivalents to (y) Market Value Adjusted Total Assets less cash and Cash Equivalents.

More Definitions of Market Value Adjusted Total Assets

Market Value Adjusted Total Assets means, as at the date of calculation, the aggregate of the Market Value Adjusted Other Assets and the Total Current Assets.

Market Value Adjusted Total Assets has the meaning given to it in Clause 22.1 (Definitions).

Market Value Adjusted Total Assets means, in respect of the Parent Guarantor at any period, the Total Assets adjusted to reflect the Market Value of all Group Vessels (by substituting the book value of each Group Vessel as specified in the relevant accounting information most recently provided pursuant to the terms of this Agreement with the Market Value of that Group Vessel) as of the relevant testing date in the relevant Compliance Certificate.

Market Value Adjusted Total Assets is the aggregate of all assets, adjusted to reflect the Fair Market Value of all vessels owned by the Borrower or any Wholly Owned Subsidiary of the Borrower. The vessels referred to in the preceding sentence shall include all vessels owned by the Borrower or any Wholly Owned Subsidiary of the Borrower, and not only the Collateral Vessels.

Market Value Adjusted Total Assets means, in respect of a Compliance Date, the Total Assets adjusted to reflect (A) the Market Value of all Fleet Vessels (by substituting the book value of each Fleet Vessel as specified in the relevant Accounting Information with the Market Value of that Fleet Vessel as of the relevant Compliance Date) and (B) the Market Value Adjusted CVI for all JV Vessels (by substituting the book value of CVI as specified in the relevant Accounting Information with the Market Value Adjusted CVI for all JV Vessels as of the relevant Compliance Date);

Market Value Adjusted Total Assets means the Total Assets of ASC adjusted in each case for the difference of the book value of the Fleet Vessels (as evidenced in the most recent Financial Statements) and the Fleet Market Value.”

Market Value Adjusted Total Assets has the meaning given to that term in clause 8.3.3;