Net Cash Value definition

Net Cash Value means on any date on or before the Benefit Cessation Date, an amount equal to the Guaranteed Cash Value less any Indebtedness.

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Net Cash Value means the fair market value of the assets of each Seller's Qualified Decommissioning Fund reduced by twenty percent (20%) of the excess of the fair market value of such assets over their Tax Basis.

Net Cash Value means at any time, an amount equal to Guaranteed Cash Value plus Special Bonus, if any, less any Indebtedness.

Examples of Net Cash Value in a sentence

• Otherwise, the Monthly Deduction will be made, whether or not premiums are paid, as long as the Net Cash Value is sufficient to cover the entire Monthly Deduction.

• Lapse Options If the Policy is in force under the Fixed Paid-Up or Fixed Extended Term Insurance Option, the Company can postpone payment of the Net Cash Value for not more than six months after surrender.

• You can surrender the Policy for its Net Cash Value at any time before the Maturity Date by notice to the Company in writing.

• Parent hereby agrees to issue to the Employee, at the Effective Time, a number of Common Shares equal to (a) 50% of the Net Cash Value, divided by (b) the closing sales price of the Common Shares on the Nasdaq for the last trading day prior to the date of the Effective Time (such Common Shares, the "Issued Shares").

• POSTPONEMENT OF SURRENDERS, TRANSFERS AND LOANS FROM THE FIXED ACCOUNT The Company can postpone the payment of the portion of the Policy's Net Cash Value which is in the Fixed Account for not more than six months after surrender.

More Definitions of Net Cash Value

Net Cash Value means the cash surrender value of the Policy reduced, as appropriate, by any indebtedness (and interest thereon) obtained by the Company and secured by the Policy which indebtedness remains outstanding as of the date of such determination.

Net Cash Value. The Net Cash Value is the Cash Value less any outstanding loan and loan interest. ______________________________________________________________________________ Variable Account Provisions

Net Cash Value. Cash surrender value less any debt.

Net Cash Value means at any time, subject to provision A15, an amount equal to (i) the Guaranteed Cash Value less (ii) any Indebtedness.

Net Cash Value means an amount equal to the Guaranteed Cash Value, less any Indebtedness.

Net Cash Value means, as applied to the assets of the Decommissioning Funds, the Qualified Decommissioning Fund or the Nonqualified Decommissioning Fund, the liquidated, after-tax value of the underlying assets in the hands of the Buyer. "NNECO" has the meaning set forth in the preamble to this Agreement. "Non-Assigned Contract" has the meaning set forth in Section 2.2(k). "Nonqualified Decommissioning Funding Amount" means the Net Cash Values shown for each Seller for each Unit in the column titled "Non- qualified" on Schedule 5.10(b). "Nonqualified Decommissioning Funds" means the external trust funds that do not meet the requirements of Code Section 468A or Treas. Reg. (S) 1.468A-5, maintained by the Sellers with respect to the Facilities prior to the Closing pursuant to such Seller's Decommissioning Trust Agreement. "NRC" means the United States Nuclear Regulatory Commission, as established by Section 201 of the Energy Reorganization Act of 1974, as amended, 42 U.S.C. Section 5841, or any successor commission, agency or officer. -108-

Net Cash Value means the cash surrender value of the Policy reduced, as appropriate, by any indebtedness obtained by the Company and secured by the Policy, which indebtedness remains outstanding as of the date of such determination.