Closing Net Book Value definition

Closing Net Book Value shall have the meaning set forth in Section 1.03.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Closing Net Book Value has the meaning set forth in Section 3.3(a).

Closing Net Book Value as defined in Section 2.6.

Examples of Closing Net Book Value in a sentence

After receipt of the Closing Net Book Value Statement, Seller shall have forty-five (45) days (the “Review Period”) to review the Closing Net Book Value Statement.
The Independent Accountant shall only decide the specific items under dispute by the Parties and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Closing Net Book Value Statement and the Statement of Objections, respectively.
If Seller fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Net Book Value Statement and the Post-Closing Adjustment Amount, as the case may be, reflected in the Closing Net Book Value Statement shall be deemed to have been accepted by Seller.
On or prior to the last day of the Review Period, Seller may object to the Closing Net Book Value Statement by delivering to Buyer a written statement setting forth Seller’s objections in reasonable detail, indicating each disputed item or amount and the basis for Seller’s disagreement therewith (the “Statement of Objections”).
The Closing Net Book Value Statement shall be prepared in accordance with GAAP applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Estimated Net Book Value Statement.

More Definitions of Closing Net Book Value

Closing Net Book Value means the Net Book Value of the Company derived from the Closing Balance Sheet.

Closing Net Book Value means the sum of the (i) (A) Fixed Assets, Owned Real Estate, Receivables, Inventory, and Prepaids included in the Purchased Assets less (B) Accounts Payable, Accrued Expenses, Retiree Medical Obligations, Sick Leave Obligations, Loss Contract Reserves, Taxes, Former Employee Obligations and Non-Current Liabilities included in the Assumed Liabilities, and (ii) (A) UK Fixed Assets, UK Receivables, UK Inventory, the UK Cash and UK Prepaids less (B) UK Accounts Payables, UK Accrued Expenses, UK Loss Contract Reserves, UK Taxes and UK Non-Current Liabilities."

Closing Net Book Value means the net book value of the Acquired Assets less the net book value of the Assumed Liabilities as of the close of business on the Closing Date and as such values are determined in accordance with the Specified Accounting Principles and reflected in the Final Net Book Value Statement.

Closing Net Book Value would mean the net book value of the net assets of Adjusted TSG as of the date of Closing (the "Closing Date"), as reflected on a balance sheet of Adjusted TSG as of the Closing Date (the "Final Closing Balance Sheet"), which would be prepared in accordance with generally accepted accounting principles ("GAAP") applied on a basis consistent with that used in the preparation of the audited consolidated balance sheet of Amtech and its subsidiaries as of December 31, 1997, except that (i) the Final Closing Balance Sheet would not include (1) those portions of Amtech and its consolidated subsidiaries that are not part of Adjusted TSG, and (2) the Brazilian Notes, and (ii) to the extent that the estimate at completion on the FDOT Contract (the "FDOT EAC") shall have deteriorated from its position at January 31, 1998 (the "January FDOT EAC"), such deterioration would be reflected in the reserve for FDOT (in accordance with GAAP) on the Final Closing Balance Sheet, but to the extent that the FDOT EAC shall have improved from the January FDOT EAC, such improvement would not be reflected.

Closing Net Book Value means the sum of (a) the net book value of the Purchased Assets less the Assumed Liabilities as of the Transfer Date, and (b) the net book value of UK Subsidiary as of the Transfer Date, in each case, as reflected on a balance sheet of MTG as of the Transfer Date in the format set forth as Exhibit B-1 (the "Final Closing Balance Sheet"), prepared in accordance with subparagraph (ii) below.

Closing Net Book Value means the sum of the (i) (A) Fixed Assets, Owned Real Estate, Receivables, Inventory, and Prepaids included in the Purchased Assets less (B) Accounts Payable, Accrued Expenses, Retiree Medical Obligations, Sick Leave Obligations, Loss Contract Reserves, Taxes, Former Employee Obligations and Non-Current Liabilities included in the Assumed Liabilities, and (ii) (A) UK Fixed Assets, UK Receivables, UK Inventory and UK Prepaids less (B) UK Accounts Payables, UK Accrued Expenses, UK Loss Contract Reserves, UK Taxes and UK Non-Current Liabilities. Each Party shall provide to the other Party and its representatives with reasonable access to the books and records and relevant personnel during the preparation of the Closing Balance Sheet.

Closing Net Book Value means the net book value of the net assets of Adjusted TSG as of the Transfer Date, as reflected on a balance sheet of Adjusted TSG as of the Transfer Date (the "Final Closing Balance Sheet"), prepared in accordance with subparagraph (ii) below. The "French Purchase Price" shall mean that portion of the Closing Net Book Value representing the Purchased Assets and Assumed Liabilities of AI; and the "Non-French Purchase Price" shall mean the Purchase Price less the French Purchase Price.