Gain on sale definition

Gain on sale means the actual total sales price of all tangible and intangible nursing facility assets including, but not limited to, land, building, equipment, supplies, goodwill, and beds authorized by certificate of need, minus the net book value of such assets immediately prior to the time of sale.

Gain on sale means the difference between the total net

Gain on sale means as to any Facility sold by the Partnership, the excess of the Sale Proceeds from that Sale over the Sales Price of that Facility.

Examples of Gain on sale in a sentence

• Gain on sale of discontinued operations is the gain from the sale of Jevco.

• On December 31, 2013, the Company completed the sale of its 100% ownership of Bliss and Glennon and eReinsure, and recognized a gain related to the sale of these businesses in the line "Gain on sale of discontinued operations - net of tax" in the Consolidated Statements of Income for the year ended December 31, 2013.

• Gain on sale of operating assets is recognised in the income statement after the risks and rewards of ownership have been transferred to the buyer.

• Gain on sale includes gain on loans, net, loan fee income, interest income (expense), net, and loan servicing fees (expense) for the Origination segment.

• For the year ended December 31, 2013, the Company recorded a $0.4 million pre-tax gain on the sale of Magna, which is included on the Consolidated Statements of Income line item, "Gain on sale of subsidiary." In July 2011, the Company sold its wholly owned subsidiary, CIRG, for a sales price of $1.2 million, comprised of cash and a $1.1 million secured note receivable.

More Definitions of Gain on sale

Gain on sale means the excess of the Sale Proceeds over the Sales Price.

Gain on sale means the taxable income or gain for federal income tax purposes (including gain exempt from tax) in the aggregate for each fiscal year from the sale, exchange or other disposition of all or any portion of a Partnership asset after netting losses from such sales, exchanges or other dispositions against the gains from such transactions.

Gain on sale means, in connection with the sale (including securitization) of any Mortgage, the gain on sale realized from such sale as determined in accordance with normal industry practises and taking into account costs (both internal and external) incurred in connection with such sale; provided that if the parties cannot at any time agree as to how to determine such gain on sale, the matter shall be referred to arbitration under Section 10.12.

Gain on sale means the sharing, allocation or refund of Florida Water's economic gain on any utility system transfer.

Gain on sale or “Loss on Sale” means the gain or loss on a sale, exchange or other disposition of all or substantially all of the Company’s property or the Shares (a “Sale”), computed by reference to the Gross Asset Value of the property disposed of, notwithstanding that the adjusted tax basis of such property differs from its Gross Asset Value.

Gain on sale means , as of the applicable date, an amount equal to (i) the cash proceeds received by Carbon and its Subsidiaries in respect of a sale of Financial Freedom to a third party that is consummated following June 30, 2014 and prior to the Financial Freedom Holdback Termination Date minus (ii) the Financial Freedom Book Value (provided, however, if the Financial Freedom Book Value is a negative number, then the amount in clause (ii) shall be added to the amount in clause (i)) minus (iii) Financial Freedom Losses plus (iv) the Financial Freedom Holdback Amount minus (v) any increase in reserves related to Financial Freedom, to the extent not taken into account in the calculation of Financial Freedom Losses.

Gain on sale has the meaning set forth in Section 7.14(d).