Net Appraised Value definition

Net Appraised Value means the Appraised Value of the Company's assets at the Termination Date, less amounts of all indebtedness secured by the Real Estate Assets.
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Net Appraised Value means the independently appraised value of the Mortgage Servicing Portfolio, minus the capitalized cost of acquisition (or capitalized value under generally accepted accounting principles, whichever is reflected on the Bank’s financial statements) of such Portfolio.
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Net Appraised Value means the fair market value of the Third Party Dealer Assets as determined by the Company's appraiser, Willamette Management Associates, and advised to the Company in writing less book liabilities of the Third Party Dealer Assets.
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Examples of Net Appraised Value in a sentence

  • As soon as practicable following the Closing Date, the parties shall finalize the calculation of the Net Appraised Value and the Net Book Value and of the consideration payable pursuant to this Article Four.

  • In exchange for the transfer of the Third Party Dealer Assets to Cygnet pursuant to this Article Four and the assumption by Cygnet of the Third Party Dealer Liabilities pursuant to this Article Four, Cygnet shall transfer to the Company or the applicable Company Transferor Subsidiaries (as designated in writing by the Company on or before the Closing Date) consideration in an aggregate amount equal to the greater of the Net Appraised Value and the Net Book Value of the Third Party Dealer Assets.

  • The Net Appraised Value shall be determined based on an interim appraisal as of June 30, 1998, which shall be updated to the Closing Date as soon as practicable thereafter.

  • At the Exit Exchange Closing, HoT shall deliver to each Exchanging Stockholder the cash calculated pursuant to Section 9.1 and Parent shall deliver to each Exchanging Stockholder the number of shares of Parent Common Stock to be delivered to such Exchanging Stockholder as determined pursuant to Section 9.2, which, in the aggregate, shall be equal to the aggregate Net Appraised Value of all Exchanging Stockholders' Securities subject to the Exit Notice.

  • Upon exercise by Parent of the right to acquire the Exchanging Stockholders' Securities pursuant to this Section 9.2, the amount of cash to be paid by HoT at the Exit Exchange Closing pursuant to Sections 9.1 and 9.3 shall be deemed to be reduced by an amount equal to the Exchange Percentage of the Net Appraised Value.

  • Subordinated Performance Fee Due Upon Termination means: (a) If (i) the sum of the Net Appraised Value plus the total Dividends paid to Stockholders through the Termination Date exceeds (ii) the sum of the aggregate Invested Capital plus the Stockholders' 10% Return through the Termination Date, a fee equal to the product of 0.15 times such excess amount.

  • The Net Appraised Value of the Iowa City Assets shall have been determined as provided for in Section 2.4(a) hereof.

  • Parent's obligation under this Section shall be satisfied by Parent delivering to each Exchanging Stockholder at the Exit Exchange Closing that number of fully paid and non-assessable shares of Parent Common Stock equal to the quotient of (a) the Exchange Percentage of the Net Appraised Value of the Securities of such Exchanging Stockholder, divided by (b) the Average Trading Price.


More Definitions of Net Appraised Value

Net Appraised Value means the appraised value of any real property multiplied by a factor of 0.92, which amount is intended to reflect the value of the real property less the estimated Disposition and Servicing Costs thereof.
Sample 1
Net Appraised Value means the independently appraised value of the Mortgage Servicing Portfolio, minus the capitalized cost of acquisition (or capitalized value under generally accepted accounting principles, whichever is reflected on the Bank's financial statements) of such Portfolio; provided, however, that for the calculation of the Change in Portfolio Value for the year in which Executive's employment by the Bank terminates (and for that year only) there shall be an additional deduction of an amount determined by multiplying the total principal amount of the Mortgage Servicing Portfolio, as of the date of such termination, by the percentage rate that results from dividing (i) the aggregate direct expenses, including commission, paid in connection with all the sales of portions of the Mortgage Servicing Portfolio during Executive's period of employment, by (ii) the aggregate amount of such sales. Executive will be entitled to receive an advance draw against his Compensation for each year, in an amount determined periodically by Executive and the Executive Committee of the Board of Directors of the Bank that is consistent with Executive's projected Compensation for such year, based on the projected Value Added of the CMD. Executive's final Compensation for each year will be calculated on the basis of the actual Value Added of the CMD for that year and, to the extent that it differs from the amount of advance draw paid to Executive for such year, will result in either a Compensation Bonus or a Compensation Shortfall for such year. Any Compensation Bonus will be paid to Executive within 60 days after completion of the audit of the Bank's financial statements for such year (except to the extent that payment thereof has been deferred by Executive pursuant to a plan of deferred compensation approved by both Executive and the Bank). Any Compensation Shortfall will be repaid to the Bank by a reduction in the amount of Compensation (and advance draw) paid to Executive for the subsequent year. Any Compensation Shortfall existing at the termination of the Employment Period shall be an obligation of Executive or his personal representative to the Bank, payable within 90 days after such termination. Exhibit B hereto illustrates the calculation of Executive's Compensation.
Sample 1
Net Appraised Value means the independently appraised value of the Mortgage Servicing Portfolio, minus the capitalized cost of acquisition (or capitalized value under generally accepted accounting principles, whichever is reflected on the Bank's financial statements) of such Portfolio; provided, however, that for the calculation of the Change in Portfolio Value for the year in which Leddy's employment by the Bank terminates (and for that year only) xxxxx shall be an additional deduction of an amount determined by multiplying the total principal amount of the Mortgage Servicing Portfolio, as of the date of such termination, by the percentage rate that results from dividing (i) the aggregate direct expenses, including commission, paid in connection with all the sales of portions of the Mortgage Servicing Portfolio during Leddy's period of employment, by (ii) the aggregate amount of such sxxxx.
Sample 1
Net Appraised Value means, with respect to any Exchanging Stockholder, the difference of (a) the Appraised Value (as calculated within 30 days of the date of the applicable Exit Exchange Closing) of all Securities of such Exchanging Stockholder that are subject to the Exit Notice, and (b) the amount that such Exchanging Stockholder owes to the Company or HoT as of the Exit Exchange Closing.
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Net Appraised Value means, with respect to each City Property, the Appraised Value of such City Property, minus: (i) the costs incurred by AYDC in connection with the appraisals conducted with respect to such City Property pursuant to this Section 3, but not including cost of the First Appraisal which shall be deemed to be a General Acquisition Cost (as defined herein below); and (ii) with respect to the FDNY Parcel only, the Moving Costs incurred by the AYDC (or any Affiliate thereof) in relocating the equipment cleaning and storage facility heretofore operated the Fire Department of New York thereon.
Sample 1

Related to Net Appraised Value

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Property Value means the aggregate fair value of the properties (land and buildings) held by the Group according to the latest consolidated Financial Report, adjusted for any investments in and depreciations of the properties, respectively, during the period starting on the day falling immediately after the last day of the period covered by the latest consolidated Financial Report and ending on the relevant Record Date.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in 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).

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Current Appraisal With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser at its own expense from an independent appraiser (which shall not be an affiliate of the Purchaser) acceptable to the Company as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b).

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Casualty Value means the market value of the Equipment at the end of the Term or when in relation to a Total Loss, the market value the Equipment would have had at the end of the Term but for the Total Loss. The Casualty Value may be less than but will not be more than the original purchase price of the Equipment.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

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

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • 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.

  • 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.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

  • Approved Valuation Firm means (a) each of (i) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx, (ii) Lincoln International LLC (f/k/a Lincoln Partners LLC), (iii) Duff & Xxxxxx Corp. and (iv) Valuation Research Corporation, and (b) any other nationally recognized valuation firm approved by each of the Borrower and the Administrative Agent in their sole reasonable discretion.

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

  • Assessed value means 1 of the following: