Closing Net Book Value definition

Closing Net Book Value has the meaning set forth in Section 2.6(b).

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

Closing Net Book Value as defined in Section 2.2(c).

Examples of Closing Net Book Value in a sentence

• Promptly following the Closing, and in order to verify the accuracy of the adjustment made at the Closing, the Purchaser agrees to cause the Accountants to verify the amount of the Closing Net Book Value Amount.

• If the Seller does not object to the Accountants' CNBVA Report, or if the Purchaser agrees to accept the Seller's adjustments to the Accountants' CNBVA Report, then the adjustment based on the then final Closing Net Book Value Amount (the "Final Net Book Value Amount"), if any, shall be paid by Seller to the Purchaser in immediately available funds within five (5) business days of such acceptance.

• The Seller's objection, if any, to the Accountants' CNBVA Report (the "Seller's CNBVA Objection") shall set forth in reasonable detail the Seller's objection(s) to the Accountants' CNBVA Report and the Seller's calculation of the Closing Net Book Value Amount.

• The determination of the Closing Net Book Value Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Seller shall object to the Accountants' CNBVA Report within fifteen (15) days following their receipt of the Accountants' CNBVA Report.

• The Accountants shall issue a report as to their determination of the Closing Net Book Value Amount (the "Accountants' CNBVA Report") promptly after their determination of such amount and the Purchaser shall deliver the Accountants' CNBVA Report to the Seller not later than sixty (60) days following the Closing Date.

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 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 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 has the meaning set forth in Section 4. c. below.

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 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.