Definition of Book Value Sample Clauses

Definition of Book Value. “Book Value” means for any asset the asset’s adjusted basis for federal income tax purposes, except as follows:
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Definition of Book Value a. For the purposes of this Agreement, the book value of the shares shall be determined by the corporation's regular certified public accountant, pursuant to the provisions of GAAP; however, there shall be no allowance of any kind shall be made for the corporations' goodwill, trade name, or intangible assets.
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Definition of Book Value. Whenever in this agreement the term "book value" is used, it shall mean the book value of the stock of the Company, as of the end of the calendar month preceding termination, as determined by the certified public accountants then servicing the Company, and such determination, when made and delivered to the Company and Sxxxx or his representative, shall be binding upon all parties bound by the terms of this agreement. Such determination, which may be based on the last certified audit and carried forward unaudited, shall be made in accordance with generally accepted accounting practices and the following shall be observed:
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Definition of Book Value. On the transfer of all or part of a Member’s Units, the Capital Account of the transferor that is attributable to the transferred Units shall carry over to the transferee Member in accordance with the provisions of Treasury Regulation Section 1.704- l(b)(2)(iv)(l). A Member that has more than one class of Units shall have a single Capital Account that reflects all such Units; provided, however, that the Capital Accounts shall be maintained in such manner as will facilitate a determination of the portion of each Capital Account attributable to each series of Preferred Units and Profits Units.
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Definition of Book Value. The term “Book Value” shall mean the consolidated book value of Legent Clearing as of the last day of the month immediately preceding the month in which the Closing Date occurs (the “Month-End Date”), determined in accordance with United States generally accepted accounting principles (“GAAP”).
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Related to Definition of Book Value

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

  • Definition of Change of Control For purposes of this Agreement, a “Change of Control” will mean the first to occur of:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Definition of Business Day For purposes of this Agreement, “Business Day” means any day on which the Nasdaq Global Select Market is open for trading.

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean:

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.

  • Definitions and Usage Except as otherwise specified herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A hereto, which also contains rules as to usage that shall be applicable herein.

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Definition of Change in Control For purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events:

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