Black Book Value definition

Black Book Value means the value of a motor vehicle based on the Black Book appraisal guides published by National Auto Research.
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Black Book Value. With respect to a vehicle that is the subject of a Covered Lease, the “average wholesale” value established by the Black Book Official Used Car Market Guide, Monthly National Edition, for a vehicle of the same make and model as such vehicle, without adjustments for options installed by the manufacturer and/or the automobile dealer. In the event that Black Book either ceases to exist or no longer publishes a Monthly National Edition during the Term, the Insured and Insurer shall mutually agree to another recognized nationally published used car market guide.
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Black Book Value means the trade-in value as published by the National Automobile Dealers Association from time to time.
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Examples of Black Book Value in a sentence

  • For purposes of this paragraph, “RTO Floor Plan Value” means the Black Book Value for a motor vehicle plus Six Hundred Dollars ($600).

  • The amount of principal owing on the Existing Receivables Note at any given time shall be the aggregate amount of the Existing Receivables loan minus (i) all payments of principal thereto received by Lender on the Existing Receivables Note; and (ii) the Black Book Value of any motor vehicle which secures an Existing Receivable which is converted to an RTO Receivable.

Related to Black Book Value

  • Book Value means, with respect to any Asset and any Liability Assumed, the dollar amount thereof stated on the Accounting Records of the Failed Bank. The Book Value of any item shall be determined as of Bank Closing after adjustments made by the Receiver for differences in accounts, suspense items, unposted debits and credits, and other similar adjustments or corrections and for setoffs, whether voluntary or involuntary. The Book Value of a Subsidiary of the Failed Bank acquired by the Assuming Institution shall be determined from the investment in subsidiary and related accounts on the "bank only" (unconsolidated) balance sheet of the Failed Bank based on the equity method of accounting. Without limiting the generality of the foregoing, (i) the Book Value of a Liability Assumed shall include all accrued and unpaid interest thereon as of Bank Closing, and (ii) the Book Value of a Loan shall reflect adjustments for earned interest, or unearned interest (as it relates to the "rule of 78s" or add-on- interest loans, as applicable), if any, as of Bank Closing, adjustments for the portion of earned or unearned loan-related credit life and/or disability insurance premiums, if any, attributable to the Failed Bank as of Bank Closing, and adjustments for Failed Bank Advances, if any, in each case as determined for financial reporting purposes. The Book Value of an Asset shall not include any adjustment for loan premiums, discounts or any related deferred income, fees or expenses, or general or specific reserves on the Accounting Records of the Failed Bank. For Shared-Loss Securities, Book Value means the value of the security provided in the Information Package.

  • Gross Book Value means, at any time, the book value of the assets of the REIT, as shown on its then most recent balance sheet, plus the amount of accumulated depreciation shown thereon.

  • Adjusted Book Value means, as of a particular date, the Book Value on such date, subject to the following adjustments, each of which shall have been derived from the Company’s IFRS financial statements for the period ended on such date (or, if not derivable from such financial statements, shall be determined in good faith by the Company), but reduced by the amount of the federal income tax applicable thereto:

  • Retail value of a prize means:

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.