Minimum Book Value. The Aggregate Consolidated Net Tangible Book Value on the Closing Date shall be not less than $340,000,000 and Sellers' Representative shall have delivered to Buyer a certificate to such effect.
Minimum Book Value. Not permit the aggregate book value of Eligible Accounts and Eligible Inventory to: (a) be less than $75,000,000.00 at any time; or (b) be less than $100,000,000.00 at any time during any 30 day period in which the average daily balance of the Revolving Outstandings for such period exceeds $100,000,000.00.”
Minimum Book Value. 63 ARTICLE 11 TERMINATION...........................................................................................63
Minimum Book Value. The total stockholder's equity of Hometown as of December 31, 2002 as shown on its audited consolidated balance sheet as of such date shall not be less than $6,800,000, exclusive of the effect of (i) any payments made or expenses incurred by Hometown after June 30, 2002 in connection with the execution, performance and consummation of this Agreement and (ii) any actions taken by Hometown at the request of First Capital pursuant to SECTION 5.2.
Minimum Book Value. The minimum Book Value of the Company, as defined below, shall be no less than $25,193,000. As used herein, "BOOK VALUE" means the shareholders' equity (stated capital, paid-in surplus, and retained earnings) of the Company and the Subsidiaries, on a consolidated basis, as of the last day of the calendar month ending immediately prior to Closing, computed in accordance with GAAP, but excluding accumulated translation adjustments. The Company's Book Value shall be as shown on the consolidated financial statements of the Company and the Subsidiaries to be prepared by the Company and reviewed and approved by the Buyer's independent certified public accountants.
Minimum Book Value. The Companies' consolidated Book Value plus fifty (50) percent of the excess of the fair value of the Companies' mortgage servicing rights, as determined by a qualified independent appraiser acceptable to the Lender, over the amounts reflected in the Companies' balance sheet for such mortgage servicing rights, shall be no less than $9,000,000 on December 31, 2003 and thereafter.
Minimum Book Value. (a) The aggregate Book Value of Jeri-Xx xxx Jamix Xxxxx xx December 31, 1997 shall be no less than $15,000,000, as reflected on the audited balance sheets of such Companies delivered to the Purchaser pursuant to Section 7.11 hereof.
Minimum Book Value. Five (5) Business Days prior to the Closing Date, Seller shall deliver to Buyer a balance sheet for Seller, estimated as of the Closing Date, reflecting Seller’s good faith estimate of the accounts of Seller as of the Closing Date (which, for the avoidance of doubt, shall include net income estimated to be earned by Seller, if applicable, through and including the Closing Date), prepared in conformity with past practices and policies of Seller, and in accordance with GAAP to the extent applicable (the “Closing Balance Sheet”).
Minimum Book Value. The Company, its Subsidiaries and RMI, on a consolidated basis, shall have a minimum book value (assets less each of intangible assets, minority interest and liabilities, including mezzanine financing), determined in accordance with GAAP, of $31.0 million.
Minimum Book Value. Not permit the aggregate book value of Eligible Accounts and Eligible Inventory to be less than $75,000,000 at any time.
