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 relevant time the Total Assets as adjusted by replacing the Fleet Book Value with the Fleet Market Value;

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 10.6 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 14.4 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 [•].

• For the purposes of this Clause 10.3, a disposal, transfer or lease of assets shall not be considered to be substantial if as a result of such disposal, transfer or lease (i) the Market Value Adjusted Total Assets (as that term is defined in Clause 11.6) of the Borrower’s Group is reduced by less than 33.33 per cent.

• 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.

• 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.

• For the purposes of this Clause 12.3, a disposal, transfer or lease of assets shall be considered to be substantial if as a result of such disposal, transfer or lease the Market Value Adjusted Total Assets (as that term is defined in Clause 13.6) of the Borrower’s Group is reduced by more than 33.33 per cent.

More Definitions of Market Value Adjusted Total Assets

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, 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 means, at any time, the Total Assets adjusted to reflect the difference between the book values of all Fleet Vessels and the aggregate Market Value of all Fleet Vessels; " Assets " means, at any date of calculation, the amount of the total assets of the Group determined on a consolidated basis as shown in the most recent Applicable Accounts delivered by the Parent Guarantor pursuant to Clause 20.2 ( ); and " Debt " means, at any date of calculation or, as the case may be, for any accounting period, the total liabilities of the Group on a consolidated basis as at that date or for that period as shown in the most recent Applicable Accounts delivered by the Parent Guarantor pursuant to Clause 20.2 ( ).

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 has the meaning given to that term in clause 8.3.3;

Market Value Adjusted Total Assets means, with reference to the Audited Financial Statements and the Unaudited Financial Statements provided pursuant to clause 8.1.3, all assets of the Borrower’s Group, with the value of the Ships calculated as per clause 8.2.2;