Total Eligible Enterprise Value

Total Eligible Enterprise Value. Shall mean the excess of the value (on a present value basis with present value being determined in accordance with customary financial practices and using a discount rate equal to the U.S. Treasury rate for instruments with comparable maturities, except that debt securities shall be valued at their face amount) of the consideration payable to the Corporation or its securityholders in a Sale of the Corporation transaction, over Consolidated Funded Debt of the Corporation ) immediately prior to... the Sale of the Corporation. The Total Eligible Enterprise Value shall be adjusted to reflect, in the case of a sale of assets, the difference between current assets not sold and current liabilities not assumed. View More