Definition of Book Value Sample Clauses

Definition of Book Value. “Book Value” means for any asset the asset’s adjusted basis for federal income tax purposes, except as follows:
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Definition of Book Value a. For the purposes of this Agreement, the book value of the shares shall be determined by the corporation's regular certified public accountant, pursuant to the provisions of GAAP; however, there shall be no allowance of any kind shall be made for the corporations' goodwill, trade name, or intangible assets. b. Notwithstanding any other provision herein, the value of LSB shares held by any of the parties hereto shall be the average daily closing price of LSB shares on the NYSE or successor national quotation service during the previous twelve months prior to the date for which a value is being determined, less a discount ("haircut") of 30%. For the purpose of this calculation only business days shall be used to determine price and the number of days to be considered.
Sample 1
Definition of Book Value. On the transfer of all or part of a Member’s Units, the Capital Account of the transferor that is attributable to the transferred Units shall carry over to the transferee Member in accordance with the provisions of Treasury Regulation Section 1.704- l(b)(2)(iv)(l). A Member that has more than one class of Units shall have a single Capital Account that reflects all such Units; provided, however, that the Capital Accounts shall be maintained in such manner as will facilitate a determination of the portion of each Capital Account attributable to each series of Preferred Units and Profits Units.
Sample 1
Definition of Book Value. Whenever in this agreement the term "book value" is used, it shall mean the book value of the stock of the Company, as of the end of the calendar month preceding termination, as determined by the certified public accountants then servicing the Company, and such determination, when made and delivered to the Company and Sxxxx or his representative, shall be binding upon all parties bound by the terms of this agreement. Such determination, which may be based on the last certified audit and carried forward unaudited, shall be made in accordance with generally accepted accounting practices and the following shall be observed: (a) Goodwill shall be included and shall equal an amount equal to 33-1/3% of the retained earnings, if any, but goodwill shall not exceed $3,000,000.00. (b) All outstanding Preferred Stock shall be treated as if converted pursuant to the provisions of the Certificate of Incorporation. Said determination shall be made within ten (10) days after termination of Sxxxx'x employment.
Sample 1
Definition of Book Value. The term “Book Value” shall mean the consolidated book value of Legent Clearing as of the last day of the month immediately preceding the month in which the Closing Date occurs (the “Month-End Date”), determined in accordance with United States generally accepted accounting principles (“GAAP”).
Sample 1

Related to Definition of Book Value

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Overpayments An “Overpayment” means any funds that Xxxxxx receives or retains under any Federal health care program to which Xxxxxx, after applicable reconciliation, is not entitled under such Federal health care program.‌

  • Definition of Operating Expenses Operating Expenses" shall mean and include all expenses incurred and payable in connection with the ownership, operation, maintenance, repair and management of the Premises and the improvements thereon and, without restricting the generality of the foregoing, shall include:

  • Definition of Overtime Overtime means those hours worked in excess of normal hours of work as per Article 8.1 (Normal Work Week).

  • Definition of Change of Control For purposes of this Agreement, “Change of Control” shall mean:

  • Definitions For purposes of this Agreement:

  • Definition of Business Day For purposes of this Agreement, “Business Day” means any day on which the Nasdaq Global Select Market is open for trading.

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean:

  • Definition of Layoff A layoff shall be defined as a reduction in the work force or a reduction in the regular hours of work as defined in this Agreement.

  • Determination of Net Asset Value The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

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