GAAP Book Value definition

GAAP Book Value means book value determined in accordance with GAAP.

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GAAP Book Value means GAAP Book Value as determined in accordance with the provisions of the Restricted Stock Plan and the Restricted Share Agreement.

GAAP Book Value means the consolidated shareholder’s equity of the Companies determined in accordance with GAAP.

Examples of GAAP Book Value in a sentence

• The Performance Condition is considered achieved on a pro rata basis if the published GAAP Book Value per Diluted Share of the Company immediately prior to termination is at or above the quarterly GAAP Book Value.

• The GAAP Book Value of the Company equals or exceeds $XX.XX per Diluted Share, as presented in the Company’s 2009 audited financial statements (the “Performance Condition”).

• At Closing, without considering the effect of the Surplus Note Payment on GAAP Book Value, the Companies shall have a consolidated net GAAP Book Value (“Consolidated Net Book Value”) of at least Forty-Two Million and No/100 Dollars ($42,000,000.00).

• The GAAP Book Value of the Company equals or exceeds $xx.xx per Diluted Share, as presented in the Company’s 2009 audited financial statements (the “Performance Condition”).

• Seller shall be conclusively deemed to have accepted the Closing GAAP Balance Sheet and Closing GAAP Book Value Calculation Report except to the extent that Seller has objected to particular line items in the Closing Report Dispute Notice within such thirty (30) day period.

More Definitions of GAAP Book Value

GAAP Book Value means, as of the applicable measurement date, the consolidated total holders’ equity of the Company.

GAAP Book Value means the assets, less liabilities, of the Company, prepared in accordance with generally accepted accounting principles ("GAAP").

GAAP Book Value has the meaning set forth in Section 7.17(a).

GAAP Book Value means the shareholders’ equity of the Company and USIS, on a consolidated basis, which is determined in accordance with Exhibit C hereto.

GAAP Book Value means, as of the end of any fiscal period, the Book Value of the Company determined in accordance with US GAAP and as shown on the Company’s audited financial statements; (ii) “Adjusted GAAP Book Value” shall mean, as of the end of any fiscal period, the Book Value of the Company determined in accordance with US GAAP and as shown on the Company’s audited financial statements; as adjusted for stock repurchases, new equity raised and dividend payments during such twelve month Bonus Period, and (iii) “Net Increase” shall mean the excess, if any, of the Adjusted GAAP Book Value at the end of any such twelve month Bonus Period over the GAAP Book Value at the beginning of any such twelve month Bonus Period; provided that (x) the Company shall eliminate from any such increase the effect of interest income, bonus expense, tax expense, gains and losses associated with the Remaining Subordinated Bonds and the effect of changes in unrealized gains and losses, unrealized bonus accrual and unrealized tax accrual associated with the Remaining Subordinated Bonds and (y) if the Company has experienced losses in its Adjusted GAAP Book Value during prior twelve month Bonus Periods, such losses shall be taken into consideration in determining any bonus hereunder. For the convenience of the reader, an example of how to calculate the book value Bonus is set forth on Schedule 2 hereto

GAAP Book Value. The starting point for the calculations is the amount set forth as “Total stockholders’ equity” on the 2010 Audited Balance Sheet. (This amount was $721,883,000 on the balance sheet dated December 31, 2009 contained in the Audited Financial Statements.)

GAAP Book Value on any date means the amount of the total stockholders' equity of Gibraltar as shown on a balance sheet as of such date prepared in accordance with GAAP consistently applied.