Station Value definition

Station Value means, as of any Station Value Coverage Ratio Determination Date, an amount, as calculated in good faith by the principal financial officer of the Company and as set forth in reasonable detail in an Officers’ Certificate delivered to the Trustee, equal to (x) the aggregate Fair Market Value, as set forth in the most recently delivered Station Appraisal (or, if no Station Appraisal has been delivered pursuant to Section 4.20, the aggregate value of Owned Television Stations set forth in Table 2 of the “Fair Market Valuation of Xxxxxx Communications Corporation’s owned or operated television stations as of December 1, 2005” prepared by BIA Financial Network, Inc.), of Owned Television Stations plus (y) the Fair Market Value of any property constituting, or used in the operation of, an Owned Television Station that has been acquired by the Company or the Restricted Subsidiaries following the date of such Station Appraisal, but only to the extent that (i) such property has, to the extent required by the Security Agreement, been made subject to the Lien of the Security Documents and (ii) the Trustee has received from an Independent Appraiser a report as to the Fair Market Value thereof, less (z) any reduction in the aggregate Fair Market Value of Owned Television Stations as set forth in the most recently delivered Station Appraisal (or, if no Station Appraisal has been delivered pursuant to Section 4.20 the aggregate value of Owned Television Stations set forth in Table 2 of the “Fair Market Valuation of Xxxxxx Communications Corporation’s owned or operated television stations as of December 1, 2005” prepared by BIA Financial Network, Inc.) occurring following the date of such Station Appraisal as a result of any Asset Sale or Event of Loss.
Sample 1
Station Value shall be the aggregate value of all Owned Television Stations (adjusted to reflect any relevant Asset Sale) as shown in the most recent Station Appraisal for such Stations (including any Stations acquired after the Closing Date, PROVIDED that the Borrower has submitted a Station Appraisal in respect of such Owned Television Station to the Administrative Agent, but excluding stations the sale of which are Pre-Approved Station Sales.
Sample 1
Station Value means, as of any Station Value Coverage Ratio Determination Date, an amount, as calculated in good faith by the principal financial officer of the Company and as set forth in reasonable detail in an Officers' Certificate delivered to the Trustee, equal to (x) the aggregate Fair Market Value, as set forth in the most recently delivered Station Appraisal (or, if no Station Appraisal has been delivered pursuant to Section 4.20, the values of Owned Television Stations set forth in Table 2 of the "Strategic Valuation of Paxson Communications Corporation as of April 1, 2003" prepared by XXX Xinancial Network, Inc.), of Owned Television Stations plus (y) the Fair Market Value of any property constituting, or used in the operation of, an Owned Television Station that has been acquired by the Company or the Restricted Subsidiaries following the date of such Station Appraisal, but only to the extent that (i) such property has, to the extent required by the Security Agreement, been made subject to the Lien of the Security Documents and (ii) the Trustee has received from an Independent Appraiser a report as to the Fair Market Value thereof, less (z) any reduction in the aggregate Fair Market Value of Owned Television Stations as set forth in the most recently delivered Station Appraisal occurring following the date of such Station Appraisal as a result of any Asset Sale or Event of Loss.
Sample 1

Examples of Station Value in a sentence

  • Designation of Net Available Cash from an Asset Sale as Available Basket Proceeds upon Satisfaction of Station Value Coverage Requirements.

  • Para 19.1) CPacking & Forwarding Charges DTotal Ex-Works Value, A+B+C EGST@5% of D against Essentiality Certificate FFOR Despatching Station Value, D+E GFreight charges upto Duliajan including GST HInsurance charges upto Duliajan including GST ITotal FOR Duliajan Value, F+G+H JPre-despatch Inspection charges, if any, inclusive oftaxes (ref.

  • Case 2Type of Insurance: EAR Annual Open (Wrap Up) policyTSI: Contract value + Agreed value of old machinery as a result of agreed calculation scheme based on a characteristic factor for type of machinery, for instance,- Contractor = Manufacturer or Contractor of Boiler- Interest = Rehabilitation works of Boiler of Power Station- Value of old machinery = Output of steam (t/h) x $...

  • Offer to Purchase in Connection with Station Value Coverage Ratio.

  • Without the consent of Lenders and Holders of First Priority Notes, acting as a single class and representing more than 75% in aggregate principal amount of the Loans and First Priority Notes then outstanding, no amendment may reduce for any purpose under this Agreement any required level for the Station Value Coverage Ratio.

  • Without the consent of Holders of at least 75% in aggregate principal amount of the Notes then outstanding, no amendment may reduce for any purpose under this Indenture any required level for the Station Value Coverage Ratio.

  • Cash from an Asset Sale as Available Basket Proceeds upon Satisfaction of Station Value Coverage Requirements.

  • The Borrower shall deliver an Officers’ Certificate to the Administrative Agent on each January 15, April 15, July 15 and October 15, commencing April 15, 2006, setting forth a calculation of the Station Value Coverage Ratio as of the last day of the immediately preceding fiscal quarter (each such day being referred to as a “Test Date”) and if and to the extent required by Section 2.05(b), the Borrower shall make a Coverage Ratio Prepayment Offer.

  • Without the consent of Holders of Notes and holders of First Priority Term Loans, acting as a single class and representing more than 75% in aggregate principal amount of the Notes and First Priority Term Loans then outstanding, no amendment may reduce for any purpose under this Indenture any required level for the Station Value Coverage Ratio.

  • Services were held in Pennsylvania with interment in the Quarryville Cemetery.

Related to Station Value

  • Acquisition Value of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Common Stock in connection with such Public Acquirer Change of Control, as follows:

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Option Value means the value of an Option based on the Black and Scholes Option Pricing model obtained from the “OV” function on Bloomberg determined as of the day prior to the public announcement of the applicable Option for pricing purposes and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of the applicable Option as of the applicable date of determination, (ii) an expected volatility equal to the greater of (a) 100% and (b) the 100 day volatility obtained from the HVT function on Bloomberg as of the day immediately following the public announcement of the issuance of the applicable Option, (iii) the underlying price per share used in such calculation shall be the highest Weighted Average Price of the Common Stock during the period beginning on the day prior to the execution of definitive documentation relating to the issuance of the applicable Option and the public announcement of such issuance and (iv) a 360 day annualization factor.

  • Disposition Value means, at any time, with respect to any property

  • Termination Value means, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Capitalization Value means, at any time, the sum (without duplication) of:

  • Securitization Value means, with respect to any 20[•]-[•] Lease, the value calculated by the Servicer equal to, (i) as of its Maturity Date, the Base Residual and (ii) as of any date other than its Maturity Date, the sum of the present value, discounted at the Securitization Rate, of (a) the aggregate Monthly Payments remaining to be made and (b) the Base Residual.

  • Liquidation Value With respect to the Business Combination Vote, the Company shall cause all of the Initial Stockholders to vote the shares of Common Stock owned by them immediately prior to this Offering in accordance with the vote of the holders of a majority of the IPO Shares. At the time the Company seeks approval of any potential Business Combination, the Company will offer each of holders of the Company's Common Stock issued in this Offering ("IPO Shares") the right to convert their IPO Shares at a per share price equal to the amount in the Trust Fund (inclusive of any interest income therein) on the record date ("Conversion Price") for determination of stockholders entitled to vote upon the proposal to approve such Business Combination ("Record Date") divided by the total number of IPO Shares. The Company's "Liquidation Value" shall mean the Company's book value, as determined by the Company and audited by BDO. In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. If holders of less than 20% in interest of the Company's IPO Shares vote against such approval of a Business Combination, the Company may, but will not be required to, proceed with such Business Combination. If the Company elects to so proceed, it will convert shares, based upon the Conversion Price, from those holders of IPO Shares who affirmatively requested such conversion and who voted against the Business Combination. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company. If holders of 20% or more in interest of the IPO Shares vote against approval of any potential Business Combination, the Company will not proceed with such Business Combination and will not convert such shares.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Orderly Liquidation Value means the net amount (after all costs of sale), expressed in terms of money, which Agent, in its good faith discretion, estimates can be realized from a sale, as of a specific date, given a reasonable period to find a purchaser(s), with the seller being compelled to sell on an as-is/where-is basis.

  • 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).

  • Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.

  • Net Orderly Liquidation Value means, with respect to Inventory of any Person, the orderly liquidation value thereof as determined in a manner acceptable to the Administrative Agent by an appraiser acceptable to the Administrative Agent, net of all costs of liquidation thereof.

  • Knock-in Value means the Underlying Reference Value.

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

  • Coupon Valuation Date means the 30th of March, June, September and December of each calendar year during the term of the Securities, commencing September 30, 2010, or if such date is not an Index Business Day, then the first Index Business Day following such date, provided that the final Coupon Valuation Date will be the Calculation Date, subject to adjustment as provided under Section 3 hereof.

  • Excess valuation assets for a valuation period means:

  • Redemption Value means, in respect of a Unit, the price per Unit at which such Unit is redeemed, calculated in accordance with the Trust Deed.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Loan Value means for any Loan that is not a Defaulted Receivable on any day (including the Cut-off Date) (A) with respect to Precomputed Loans, (i) the present value of the future Scheduled Payments discounted monthly at the applicable Implicit Rate of Return plus (ii) any past due Scheduled Payments reflected on the Servicer’s records plus (iii) the unamortized amounts of any purchase premiums minus (iv) the unamortized amounts of any purchase discounts and (B) with respect to Simple Interest Loans, (i) the balance reflected on the Servicer’s records plus (ii) the unamortized amounts of any purchase premiums minus (iii) the unamortized amounts of any purchase discounts. Defaulted Receivables that are Loans shall be deemed to have a Loan Value equal to the outstanding Loan Value at the time it became a Defaulted Receivable less the amount written off as uncollectible in accordance with the Credit and Collection Policy.

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • SPS Redemption Valuation Date means the Settlement Price Date.

  • Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.

  • Black Scholes Consideration Value means the value of the applicable Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance thereof calculated using the Black Scholes Option Pricing Model obtained from the “OV” function on Bloomberg utilizing (i) an underlying price per share equal to the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the public announcement of the execution of definitive documents with respect to the issuance of such Option or Convertible Security (as the case may be), (ii) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of such Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be), (iii) a zero cost of borrow and (iv) an expected volatility equal to the greater of 100% and the 30 day volatility obtained from the “HVT” function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be).