Aggregate Net Book Value Clause Samples
The Aggregate Net Book Value clause defines the total net book value of a group of assets, typically as recorded on a company's balance sheet after accounting for depreciation and amortization. In practice, this clause is used to determine the combined value of multiple assets for purposes such as asset sales, financing arrangements, or compliance with financial covenants. By establishing a clear method for calculating the collective worth of assets, the clause ensures transparency and consistency in financial reporting and helps parties assess the financial impact of transactions involving multiple assets.
Aggregate Net Book Value. As of any date of determination, an amount equal to the sum of the Net Book Values (such Net Book Values to be measured as of the last day of the month immediately preceding such date of determination) of all Eligible Containers.
Aggregate Net Book Value. As of any date of determination, an amount equal to the sum of the then Net Book Values of all Eligible Railcars.
Aggregate Net Book Value. As of any date of determination and for any Borrower, an amount equal to the sum of the then Net Book Values of all Eligible Equipment then pledged on a first priority and perfected basis by such Borrower to the Agent pursuant to the terms of the Security Agreement to which such Borrower is a party and the other Loan Documents.