Book Value Adjustments Clause Samples
The Book Value Adjustments clause defines how the value of certain assets or liabilities is recalculated for accounting or transaction purposes. Typically, this clause outlines the methods and timing for adjusting the book value to reflect changes such as depreciation, impairment, or market fluctuations, and may specify which party is responsible for making or approving these adjustments. Its core function is to ensure that the recorded values in financial statements or during a transaction accurately represent the current worth of assets or liabilities, thereby promoting transparency and fairness in financial reporting or deal settlements.
Book Value Adjustments. In the event the Book Value of any Company property is adjusted so as to differ from its adjusted basis for federal income tax purposes, subsequent allocations of income, gain, loss and deduction (and any item thereof) with respect to such asset shall, in accordance with Treasury Regulations Sections 1.704-1(b)(2)(iv)(g) and 1.704-1(b)(4), take account of any variation between the adjusted basis of such asset for federal income tax purposes and the Book Value in the same manner as under Code Section 704(c) and the Treasury Regulations thereunder. Any allocations required under this Section 8.2(f)(i) shall be made using one of methods set forth in the Treasury Regulations under Code Section 704(c), as determined by the Administrative Member and approved by the Non-Administrative Member; and
Book Value Adjustments. The Book Value of Partnership assets shall not be increased or decreased to reflect any adjustments to the adjusted tax basis of the assets pursuant to Code § 734(b) or Code § 743(b), except to the extent that the adjustments are taken into account in determining and maintaining capital accounts pursuant to Treasury Regulation § 1.704(b)(2)(iv)(m); provided, however, that Book Value shall not be adjusted pursuant to this Section 3.2(c) to the extent that the adjustment was previously reflected in the Book Value of the Partnership’s assets.
Book Value Adjustments. In the event the Book Value of any Program asset is adjusted pursuant to Section 3.2, the amount of the adjustment shall be treated as gain or loss, as appropriate, from a sale of the asset.
Book Value Adjustments. Pursuant to Section 2.08 of the Merger Agreement, Nu Skin shall deliver to the Escrow Agent for deposit into the Escrow Account (as defined in the Escrow Agreement) as of October 16, 1999, a certificate representing 24,434 shares of Class A Common Stock. The Stockholders and Nu Skin hereby agree that upon such deposit, all required adjustments to the Merger Consideration shall have been made and no further adjustments to the Merger Consideration shall be made pursuant to Section 2.08 of the Merger Agreement.
Book Value Adjustments. In the event the Book Value of any Partnership asset is adjusted pursuant to Section 3.2, the amount of the adjustment shall be treated as gain or loss, as appropriate, from a sale of the asset.
Book Value Adjustments. The Book Value of Program assets shall not be increased or decreased to reflect any adjustments to the adjusted tax basis of the assets pursuant to Code § 734(b) or Code § 743(b), except to the extent that the adjustments are taken into account in determining and maintaining capital accounts pursuant to Treasury Regulation § 1.704(b)(2)(iv)(m); provided, however, that Book Value shall not be adjusted pursuant to this Section 3.2(c) to the extent that the adjustment was previously reflected in the Book Value of the Program’s assets.