Value Adjusted Total Assets definition

Value Adjusted Total Assets means the Total Assets of the Guarantor adjusted in each case for the difference of the book value of the Fleet Vessels (as evidenced in the most recent Financial Statements) and the Fleet Market Value.

Value Adjusted Total Assets means, on a consolidated basis, the total market value of all of the assets of the Guarantor (on a consolidated basis).

Value Adjusted Total Assets has the meaning given to that term in Clause 20.1 (Financial definitions).

Examples of Value Adjusted Total Assets in a sentence

• The Value Adjusted Tangible Net Worth of the Guarantor (on a consolidated basis) shall at all times be no less than twenty-five per cent (25%) of the Value Adjusted Total Assets of the Guarantor (on a consolidated basis).

• 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 [•].

• The Parent shall ensure that the ratio of Value Adjusted Equity to Value Adjusted Total Assets measured at the end of each Measurement Period (starting with the financial quarter ending 30 September 2008) shall not at any time be less than 0.25.

• The Fair Market Value of the Fleet Vessels shall be determined for the purposes of determining the Value Adjusted Total Assets quarterly (based on semi-annual valuations in each calendar year to be taken on the second and fourth Quarter Date) commencing from 31 December 2013, at the cost of the Borrowers.

• Requirement: Value Adjusted Tangible Net Worth of at least USD 200,000,000, but the Value Adjusted Tangible Net Worth shall in any event minimum 25 % of the Value Adjusted Total Assets Value Adjusted Tangible Net Worth* USD…………….

More Definitions of Value Adjusted Total Assets

Value Adjusted Total Assets means on consolidated basis, the book value of all assets (both tangible and intangible) at the relevant time, as determined by GAAP, adjusted with Excess Values.

Value Adjusted Total Assets means an amount which is equal to the “Consolidated Total Assets” of the Company (as shown in the Company’s most recent balance sheet in accordance with IFRS), less the goodwill, patents, trademarks, licenses and all other assets of the Company which would be treated as intangible under IFRS (if any), and adjusted to reflect the market valuations of the vessels of the Company. The market value of such vessels to be determined quarterly by an Approved Broker, with or without physical inspection of the relevant vessel on the basis of a sale for prompt delivery for cash at arm’s length on normal commercial terms as between a willing buyer and seller, on an “as is, where is” basis, free of any existing charter or other contract of employment and/or pool arrangement. All valuations shall be at the Company’s cost.

Value Adjusted Total Assets means, in respect of any Accounting Period, an amount which is equal to the Total Consolidated Assets of the Borrower less goodwill (if any), adjusted (in the case of the Ships then subject to a Mortgage) to reflect the current market value of the Ships then subject to a Mortgage (as determined in accordance with Clause 15.5 by valuations made as close as is reasonably practicable to the date by reference to which a calculation is to be made for the purposes of those provisions of this Agreement where this defined term applies);

Value Adjusted Total Assets means the amount which is equal to the total assets of the Borrower as shown in the Borrower’s latest balance sheet delivered pursuant to Clause 10.2.3 of this Agreement less the goodwill (if any) of the Borrower as shown in such balance sheet, with the value of the Vessels adjusted to reflect their most recent Valuations.

Value Adjusted Total Assets the market value of all assets owned or leased. Vessels to be valuated pursuant to Clause 12.07. "Vessels" Chaser and River.

Value Adjusted Total Assets means the Total Assets adjusted in each case for the difference of the book value of the Fleet Vessels and the Fleet Market Value.

Value Adjusted Total Assets means, on a consolidated basis, the total market value of all of the assets of the Borrower, which shall be determined as follows: (i) the Market Value of the Vessels and adding the Charterparties’ Value (as approved by the Majority Lenders), however the Charterparties’ Value may not exceed one third of (1/3) of the Value Adjusted Total Assets; and (ii) the market value, if assessable (in the reasonable opinion of the Majority Lenders), or otherwise the book value of all other assets of the Borrower (including any vessels other than the Vessels), less any capitalised goodwill or other intangible assets.