Purchase Value definition

Purchase Value means the lesser of (a) (i) the Buyers’ Margin Percentage for a Purchased Loan multiplied by (ii) the least of:

Purchase Value means the value of motor vehicle as ascertained from the invoice and includes the value of accessories fitted to the vehicle, insurance, excise duty, countervailing duties, sales tax, transport fee, freight charges and all other charges incidently levied on the purchase of a motor vehicle :

Purchase Value. It shall mean the price per share and other terms upon which a shareholder is entitled to transfer his shares as shown in a bona fide offer to purchase.

Examples of Purchase Value in a sentence

• The Purchase Value for a ticket that covers travel with both SAS and Partners is only calculated on the ticket price for the travel completed that is attributable to SAS and Partners according to the prorate contract between the airlines.

• If Lessor determines that any item of Property is lost, stolen, destroyed or damaged beyond repair, Lessee, at the option of Lessee, will either (a) replace the same with like property in good repair or (b) on the next Lease Payment Date, pay Lessor (i) all amounts then owed by Lessee to Lessor under this Agreement, including the Lease Payment due on such date, and (ii) an amount equal to the applicable Option to Purchase Value set forth in Exhibit B.

• The Purchase Value for a ticket that covers travel with both SAS and Partners is only calculated on the ticket price for the travel completed that is attributable to SAS and Partners according to the prorata contract between the airlines.

• Upon Lessee's actual or constructive payment of the Option to Purchase Value and Lessor's actual or constructive delivery of a quitclaim xxxx of sale covering the Property, this Agreement shall terminate except as to obligations or liabilities accruing hereunder prior to such termination.

• Payment of the applicable Option to Purchase Value shall occur on the applicable Lease Payment Date specified in Exhibit B hereto, at which time Lessor shall, unless not required hereunder, deliver to Lessee a quitclaim xxxx of sale transferring Lessor's interest in the Property to Lessee free from any lien, encumbrance or security interest except such as may be created, or permitted and not discharged, by Lessee but without other warranties.

More Definitions of Purchase Value

Purchase Value means the amount of cash and fair market value of property which would be received by the holder of the membership interest to be sold hereunder if the Company sold its business and assets for cash at a purchase price equal to their fair market value as of the date of determination of the Purchase Value, and all remaining assets of the Company were distributed to the Members in accordance with this Agreement. Purchase Value shall be determined as of a date as near as reasonably practicable to the date of the occurrence of the event which results in the sale of the membership interest hereunder. The party whose membership interest is to be sold hereunder is hereafter referred to as the “Selling Party” and the party or parties acquiring that interest are hereafter referred to, individually or collectively, as the case may be, as the “Acquiring Party.” In exercising the right to purchase the membership interests of any party, the Acquiring Party shall develop a purchase price which it reasonably believes to be the Purchase Value for the membership interest and state the purchase price in its notice. If more than one Person is acquiring an interest, the decision of the holders of a majority of the Percentages held by all such parties shall be deemed the decision of the Acquiring Party. The Selling Party shall have thirty (30) days to notify the Acquiring Party in Writing of any objection to such purchase price. If the Selling Party fails to timely object to the purchase price, then the proposed purchase price shall be the purchase price of the membership interests.

Purchase Value means One Hundred (100%) percent of the Estimated NAV of the Funds.

Purchase Value means the 100% of the Estimated NAV of the Fund.

Purchase Value means approximately $33,975,000 or seventy-five (75%) percent of the approximate $45,300,000 Estimated NAV of the Fund.

Purchase Value means the lesser of (a) (i) the Buyers’ Margin Percentage for a Purchased Loan multiplied by (ii) the least of: (A) the face principal amount of the related Mortgage Note; (B) the price to be paid for such Purchased Loan under an Investor Commitment or the weighted average price under unused Investor Commitments into which such Purchased Loan is eligible for delivery; and (C) the Seller’s origination or acquisition price for such Purchased Loan. and, (b) at the discretion of the Agent, the Buyer’s Margin Percentage of the Market Value of such Purchased Loan; provided, that (i) the Purchase Value for Purchased Loans in excess of the sublimits set forth in Section 4.2 shall be zero and, (ii) except for Discretionary Loans, the Purchase Value for any Purchased Loan that is not an Eligible Loan shall be zero. “Purchased Loans” means the Eligible Loans sold by the Seller to the Buyers or the Swing Line Buyer in Transactions, and any Eligible Loans substituted therefor in accordance with Section 11. The term “Purchased Loans” with respect to any Transaction at any time shall also include Additional Purchased Loans delivered pursuant to Section 3.8 and Section 6.1. “Purchased Loan Activity Summary Report” is defined in the Custody Agreement. “Purchased Loans Support” means all property (real or personal) assigned, hypothecated or securing any Purchased Loans, or otherwise pertaining to any Purchased Loans, including without limitation: (1) all Loan Papers, whether now owned or hereafter acquired, related to, and all private mortgage insurance on, any Purchased Loans, and all renewals, extensions, modifications and replacements of any of them; (2) all rights, liens, security interests, guarantees, insurance agreements and assignments accruing or to accrue to the benefit of the Seller in respect of any Purchased Loan; (3) all of the Seller’s rights (including but not limited to rights to payment), powers, privileges, benefits and remedies under each and every paper now or hereafter securing, insuring, guaranteeing or otherwise relating to or delivered in connection with any Purchased Loan, including all Loan Papers and Loan Records;

Purchase Value. With respect to each Loan and each Business Day, an amount equal to (i) the Purchase Percentage of 100% of the Principal Balance of such Loan after giving effect to all payments received in respect of principal thereon prior to such Business Day less (ii) the aggregate unreimbursed Servicing Advances and Periodic Advances attributable to such Loan as of the most recent Determination Date; provided, however, that the Purchase Value shall be zero with respect to each Loan (i) which the Loan Originator is required to repurchase pursuant to Section 3.05 or Section 4.05 hereof and (ii) for which the related Promissory Note has been released from the possession of the Custodian under the Custodial Agreement to the Servicer or its Affiliates for a period in excess of 10 days, (iii) is a Bailee Loan and for which the Custodian has failed to receive the related Loan Documents by the third Business Day following the applicable Transfer Date or (iv) which is a Bailee Loan for which the Custodian has failed to receive a copy of the related Promissory Note and such other documents as are prescribed in Section 3.04(a)(B) on or prior to the related Transfer Date.

Purchase Value has the meaning ascribed thereto in Clause 8.1.