Book Value Defined. The Book Value per Share shall be equal to the book net worth of the Company (on a consolidated basis with subsidiaries, if any), less the amount of the liquidation preference of any outstanding preferred stock of the Company, on the date in question divided by the sum of (i) the number of shares of Common Stock of the Company outstanding on such date and (ii) the number of shares of Common Stock of the Company issuable upon exercise of outstanding options, warrants or other securities convertible into shares of Common Stock of the Company. The Book Value per Share shall be determined as of the close of the Company's fiscal year preceding an offer described in Paragraph 2, unless such event occurs more than one hundred days following the close of such fiscal year, in which case the Book Value per Share shall be determined as of the end of the fiscal quarter preceding the date such offer was made. The determination of book net worth shall be based solely on the Company's regularly prepared financial statements, which, in the Company's discretion, may be internally generated or prepared by a management company performing services for the Company. Notwithstanding the foregoing, in the event that the book net worth of the Company is decreased by reason of the payment of dividends (other than stock dividends payable in Common Stock), redemption payments or other payments made on or with respect to the Common Stock or is increased by capital contributions of the Shareholder whose Shares are to be purchased, subsequent to the date as of which the Book Value is determined but prior to a settlement pursuant to Paragraph 7, the Book Value per Share of the Shares as determined pursuant to Paragraph 8 shall, be decreased to appropriately reflect such decrease in book net worth, and the aggregate Book Value per Share of such Shareholder's Shares shall be increased by the amount of such Shareholder's capital contribution, as though such decrease or increase occurred on the date as of which the Book Value per Share is determined pursuant to the provisions hereof. In the event that the outstanding Common Stock shall be subdivided into a greater or combined into a lesser number of shares, whether by stock dividend, stock split or combination of shares, subsequent to the date as of which the Book Value is determined but prior to a settlement pursuant to Paragraph 7, the Book Value per Share as determined pursuant to the foregoing provisions of this Paragraph 8 shall, for pu...
Book Value Defined. Traditionally, a company’s book value is its total assets minus intangible assets and liabilities. In some companies, there is a pre-agreed and documented calculation for “Book Value” which identifies which assets are to be included and the method of valuing that asset, if other than the value documented in the company financials. If the company is a cash method taxpayer, the definition of book value should address whether or not an estimate of the company’s deferred tax liability will be booked and reflected in the calculation of book value.
Book Value Defined. Subject to the limitation and conditions set forth in Section 7.14 above, the term "Book Value shall mean the following amounts described below in this Section 7.14.1:
Book Value Defined. Subject to the limitation and conditions set forth in Section 7.14 above, tire term "Book Value shall mean the following amounts described below in this Section 7.14.1:
