Company Basis definition

Company Basis means, in the case of an asset contributed by a Member to the Company, the fair market value of the asset on the date of contribution, as reasonably determined by the contributing Member and the Company, less Depreciation thereafter taken with respect thereto, if any, and in the case of any other asset, its adjusted basis for federal income tax purposes; provided, however, the Company Basis of all assets of the Company shall be adjusted to equal their respective fair market values, as determined by the Manager, as of the following times:
Sample 1Sample 2
Company Basis means, in the case of an asset contributed by a Member to the Company, the fair market value of the asset on the date of contribution, as reasonably determined by the contributing Member and all of the Managers, less Depreciation thereafter taken with respect thereto, if any, and in the case of any other asset, its adjusted basis for federal income tax purposes; provided, however, the Company Basis of all Company assets shall be adjusted to equal their respective fair market values, as determined by all of the Managers, as of the following times: (a) the acquisition of an additional interest in the Company by any new or existing Member in exchange for more than a minimal Capital Contribution; (b) the distribution by the Company of more than a minimal amount of Company property other than money, unless all Members receive simultaneous distributions of undivided interests in the distributed property in proportion to their interests in the Company; and (c) the termination of the Company for federal income tax purposes pursuant to Section 708(b) (1) (B) of the Code. In the event the Company Basis of an asset has been adjusted as provided in the preceding sentence, such Company Basis shall thereafter be adjusted by the Depreciation taken into account with respect to such asset.
Sample 1
Company Basis. In the case of an asset contributed by a Member to the Company, the fair market value of the asset on the date of contribution, as reasonably determined by the contributing Member and by Board Approval, less Depreciation thereafter taken with respect thereto, if any; in the case of any other asset, its adjusted basis for federal income tax purposes. The Company Basis of all Company assets shall be adjusted to equal their respective fair market values, as determined by Board Approval, as of the following times: (i) the acquisition of an additional interest in the Company by any new or existing Member in exchange for more than a minimal Capital Contribution; (ii) the distribution by the Company of more than a minimal amount of Company property other than money, unless all Members receive simultaneous distributions of undivided interests in the distributed property in proportion to their interests in the Company; and (iii) the termination of the Company for federal income tax purposes pursuant to Section 708(b)(1)(B) of the Code. If the Company Basis of an asset has been adjusted as so provided, the Company Basis shall thereafter be adjusted by the Depreciation taken into account with respect to such asset.
Sample 1

Examples of Company Basis in a sentence

  • Income or Loss from Federal Return on a Separate Company Basis (From RCT-101, Section B, Line 1)2.

  • Engineering fees, loss prevention fees, plan reviews and subsequent services / products, surplus lines taxes and fees, US FET Taxes and various state and local taxes and fees such as the Florida Fire College Trust Fund and Florida Emergency Management Preparedness & Assistance Fund Trust for the State of Florida and/or other state assessments should be viewed as unequal as charged on an individual Company Basis Separately from premium.

  • Net loss is attributable to: Owners of Graphex Mining Limited(8,049,751)(4,109,076) Total comprehensive loss is attributable to: Owners of Graphex Mining Limited(8,117,761)(4,106,569) Earnings per share attributable to owners of the Company $$Basis EPS25(0.10)(0.06)Diluted EPS25(0.10)(0.06) The above consolidated statement of profit or loss and other comprehensive income is to be read in conjunction with the notes to the financial statements.

  • Southern Bleacher Company (Basis of Design) – as represented by Grandstand Design Enterprises, Inc.

  • Summary of significant accounting policies followed by the Company Basis of preparation These financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 (the Act) read together with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time and other relevant provisions of the Act, on an accrual basis.

  • Income or Loss from Federal Return on a Separate Company Basis (Form RCT-101, Section C, Line 1)4.

  • COMPANY Accounting policiesThe following are the main accounting policies of the Company: Basis of preparationThe financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 101 ’Reduced Disclosure Framework’ (FRS 101) and Companies Act 2006.

  • COMPANY Accounting policiesThe following are the main accounting policies of the Company: Basis of preparationThe financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' (FRS 101) and Companies Act 2006.

  • Licensed Company Basis Business Written Basis Note that "HHI" represents the Herfindahl-Hirschman Index, a metric named for its originators.

  • The Board of Directors anticipates that the application of these accounting standards in future periods is not expected to have a material impact on the financial statements of the Group and the Company Basis of consolidationSubsidiariesSubsidiaries are entities controlled by the Group.

Related to Company Basis

  • Company Balance Sheet has the meaning set forth in Section 3.04(e).

  • Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing Date;

  • Combined cycle system means a system comprised of one or more combustion turbines, heat recovery steam generators, and steam turbines configured to improve overall efficiency of electricity generation or steam production.

  • Company Returns is defined in Section 3.15(a) of the Agreement.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Company Balance Sheet Date has the meaning set forth in Section 3.10.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Combined Company means Holdco and its consolidated subsidiaries after giving effect to the Business Combination.

  • Merger Valuation Period for any Merger Event means the five consecutive Trading Day period immediately preceding, but excluding, the effective date for such Merger Event.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Current Financials means, at any time, the consolidated Financial Statements of the Companies most recently delivered to Administrative Agent under Section 7.1(a) or 7.1(b), as the case may be.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Uniform business entity application means the current version of the NAIC Uniform Business Entity Application for resident and nonresident business entities.

  • Acquired Entities means the Company and the Acquired Subsidiaries.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Peer Companies means the following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & Xxxxxxx AstraZeneca Merck Biogen Novartis Celgene Pfizer Xxx Xxxxx Xxxxx Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.

  • Target Group means the Target and its Subsidiaries.

  • Peer Group Companies means the following companies: .

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.

  • Pro Forma Entity has the meaning given to such term in the definition of “Acquired EBITDA.”

  • Peer-reviewed medical literature means a published scientific study in a journal or other publication in which original manuscripts have been published only after having been critically reviewed for scientific accuracy, validity and reliability by unbiased independent experts, and that has been determined by the international committee of medical journal editors to have met the uniform requirements for manuscripts submitted to biomedical journals. Peer-reviewed medical literature does not include publications or supplements to publications that are sponsored to a significant extent by a pharmaceutical manufacturing company or health carrier.