Adjusted Book Value definition

Adjusted Book Value means, as of a particular date, the Book Value on such date, subject to the following adjustments, each of which shall have been derived from the Company’s IFRS financial statements for the period ended on such date (or, if not derivable from such financial statements, shall be determined in good faith by the Company), but reduced by the amount of the federal income tax applicable thereto:

Adjusted Book Value means, as of a particular date, the Book Value on such date, subject to the following adjustments, each of which shall have been derived from the Company’s U. S. GAAP financial statements for the period ended on such date (or, if not derivable from such financial statements, shall be determined in good faith by the Company), but reduced by the amount of the federal income tax applicable thereto:

Adjusted Book Value of a particular Unit means all assets of the Trust, including accrued interest, minus the recorded value of all Mortgages, plus the face value of all Mortgages minus impairments, minus all liabilities, plus any unamortized offering costs and sales commissions minus the total outstanding face Unit value of the Series P Units, divided by the total number of Units outstanding;

Examples of Adjusted Book Value in a sentence

• The scope of the disputes to be resolved by the Neutral Accounting Firm shall be limited to whether the items in dispute that were included in the Buyer’s Objection were prepared in accordance with this Agreement and the Neutral Accounting Firm shall determine, on such basis, whether and to what extent, the Closing Date Statement and the Final Adjusted Book Value reflected therein require adjustment.

• To the extent the amount of the Reserve is less than the Buyer Excess (such amount being the “Deficiency”), then each Securityholder shall be obligated to pay to the Buyer within two (2) Business Days from the date on which the Final Adjusted Book Value is finally determined pursuant to Section 2.5 an amount equal to the Deficiency multiplied by such Securityholder’s Transaction Percentage.

• The Adjusted Book Value Per Share shall be determined by dividing the Shareholder’s Equity reflected on the Corporation’s financial statements (as of the Determination Date) by the number of the Corporation’s shares issued and outstanding at such date; provided, however, that all tangible assets such as real estate, machinery, fixtures, and equipment shall be taken at their fair market value mutually agreed to by the purchaser(s) and the selling Shareholder (or his/her legal representative).

• If the Final Adjusted Book Value (as finally determined pursuant to Section 2.5) is greater than the Adjusted Book Value Base Amount, the purchase price shall be increased by the amount of the difference between the Final Adjusted Book Value and the Adjusted Book Value Base Amount (such amount being the “Securityholders’ Excess”).

• Prior to Closing, the Company shall (a) accrue as a liability on the balance sheet used to calculate the Adjusted Book Value or (b) pay to the recipients thereof, any amounts payable or to be payable upon consummation of the transactions contemplated hereby under all Material Contracts that relate to severance or change of control payments due to employees of the Company or any Subsidiary.

More Definitions of Adjusted Book Value

Adjusted Book Value has the meaning set forth in Section 8.01.

Adjusted Book Value means shareholder’s equity, excluding Accumulated Other Comprehensive Income and adjusted for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets, calculated using the same methodologies, adjustments, procedures and assumptions as the Calculation Methodologies.

Adjusted Book Value means as to any Person, at any time, in accordance with GAAP (except as otherwise specifically set forth below), the amount equal to (a) the aggregate “net book value” of all assets of such Person (excluding the value of patents, trademarks, tradenames, copyrights, licenses, goodwill and other intangible assets) minus (b) the aggregate amount of intercompany indebtedness of such Person. For purposes of this definition, “net book value” means the gross book value of all assets of such Person less all appropriate reserves in accordance with GAAP (including all reserves for doubtful receivables, obsolescence, depreciation and amortization).

Adjusted Book Value means, as of any date (a) with respect to any (i) Real Estate Asset that was owned as of April 17, 2002 and continued to be owned as of such date of determination by Ventas, Inc. or any of its Restricted Subsidiaries and (ii) Reacquired Qualified CMBS Real Estate Assets, in each case, (1) the Real Estate Revenues specified for such Real Estate Asset on Schedule I attached hereto, divided by 0.0925, plus (2) any annualized incremental rental revenue generated by such Real Estate Asset as a result of, arising out of or in connection with the Kindred Reset Right of the Partnership with respect to such Real Estate Asset (whether by agreement or exercise of such right or otherwise), divided by 0.0925, (b) with respect to any Real Estate Assets acquired after April 17, 2002 that are owned by Ventas, Inc. or any of its Restricted Subsidiaries as of such date of determination (other than Reacquired Qualified CMBS Real Estate Assets), the cost (original cost plus capital improvements, before depreciation and amortization) of such Real Estate Asset and (c) with respect to all other assets as of any date of determination, the book value of such asset as of such date, in each case on a consolidated basis determined in accordance with GAAP. For the purpose of clause (2) of this definition, “annualized incremental rental revenue” in respect of a Real Estate Asset shall mean the increase in daily rental revenue generated by such Real Estate Asset as a result of, arising out of or in connection with the Kindred Reset Right (whether by agreement or exercise of such right or otherwise) over the daily rental revenue generated by such Real Estate Asset immediately prior to the effective date of such increase, annualized by multiplying such daily increase by 365.

Adjusted Book Value means, for any date, the total AIG shareholders’ equity as of the date minus Accumulated Other Comprehensive Income (or plus Accumulated Other Comprehensive Loss) as of such date (as reported in AIG’s Consolidated Statement of Shareholders’ Equity), with such adjustments as the Committee may make in its sole discretion.

Adjusted Book Value with respect to any Company property means the adjusted basis of such property for federal income tax purposes unless such property has been contributed to the Company in which event it shall mean the fair market value of such property at the date of contribution minus all Depreciation taken with respect to such property.

Adjusted Book Value means, as of any date of determination, the total stockholders’ equity of the Company and its subsidiaries, as reflected on the consolidated balance sheet of the Company and its subsidiaries at such date prepared in accordance with generally accepted accounting principles, adjusted to exclude the value of accumulated other comprehensive income or loss reflected on such consolidated balance sheet.