Aggregate Realized Value

Aggregate Realized Value. Means the Realized Value of all Assets (including in each case, any reasonable reserves as determined by the Board in good faith), (i) less all corporate expenses of the Company after June 30, 2000 not otherwise taken into account in determining Realized Value, (ii) plus all state and federal income taxes paid by the Company with respect to periods after June 30, 2000 and (iii) less the amount of state and federal assumed in determining Realized Value.