Net Book Value. With respect to an Eligible Container, as of the date of determination, an amount equal to the Original Cost of such Eligible Container less the Accumulated Depreciation of such Eligible Container as of the last day of the month immediately preceding such date of determination.
Net Book Value. With respect to any Containers owned by the Borrower which are standard dry cargo Containers and which were acquired on or after July 1, 2001, the Original Cost to the Borrower of such Containers adjusted to reflect depreciation over twelve and a half years on a straight line basis, to residuals of $645 for a 20-foot standard dry cargo Container, $795 for a 40-foot standard dry cargo Container and $805 for a 40-foot standard “high-cube” dry cargo Container. With respect to any Containers owned by the Borrower which are non-standard Containers, the Original Cost to the Borrower of such Containers adjusted to reflect depreciation over fifteen years on a straight line basis to a residual of 15% of the Original Cost of such Containers. With respect to any Containers owned by the Borrower which are standard dry cargo Containers and which were acquired on or before June 30, 2001, the Original Cost to the Borrower of such Containers adjusted to reflect depreciation using the following depreciation method: from the date of purchase until June 30, 2001, the Original Cost to the Borrower of such Containers adjusted to reflect depreciation on a straight line basis over fifteen years to a residual value of 15% of the Original Cost of such Containers. From and after July 1, 2001, depreciation shall be calculated over the remainder of a cumulative twelve and a half year life, on a straight line basis, to residuals of $645 for a 20-foot standard dry cargo Container, $795 for a 40-foot standard dry cargo Container and $805 for a 40-foot standard “high-cube” dry cargo Container.
Net Book Value. With respect to any Eligible Railcar, as the case may be, as of the date of determination, an amount equal to the Original Cost of such Eligible Railcar less the Accumulated Depreciation of such Eligible Railcar as of the last day of the month immediately preceding such date of determination.
Net Book Value. With respect to any Eligible Container that is not subject to a Finance Lease, the Original Equipment Cost of such Container less accumulated depreciation calculated based on (i) straight-line depreciation over 15 years with a remaining residual value of 15% of the Original Equipment Cost at the end of such period, or (ii) any other depreciation method used by the Servicer which is more conservative than the depreciation policy outlined in clause (i) (i.e. more conservative policy in terms of greater annual depreciation or a lower remaining residual value).
Net Book Value. The net book value of any facility shall the be its original cost plus betterments and less retirements as recorded in its facility asset account, less life-to-date depreciation.
Net Book Value. At any relevant time of reference thereto, the then net book value of Eligible Inventory determined on the retail method at lower of cost or market.
Net Book Value. Within 60 days after the Closing Date, Purchaser shall cause to be prepared and delivered to Seller a balance sheet for the Purchased Entities as of the Closing Date, which shall have been audited at Purchaser's expense by Purchaser's auditor, together with a statement (the "Statement") prepared by Purchaser setting forth (i) the Net Book Value of the Business as of the close of business on the Closing Date, and (ii) the amount, if any, of current Taxes payable allocable to Straddle Period Taxes. After the Closing Date, at Purchaser's reasonable request, Seller shall assist Purchaser and its representatives with respect to the preparation of the Statement as may be reasonably requested.
Net Book Value. As soon as practicable, and in no event more -------------- than 31 calendar days after the Closing Date, Seller will deliver to Purchaser a computation of the Net Book Value, together with copies of Seller's work papers and other reasonable supporting documentation (but only to the extent the foregoing relate to Purchased Assets and/or Assumed Liabilities taken into account in determining Net Book Value). For purposes of this Agreement, (a) the term "Net Book Value" means the difference that results from subtracting (i) the Balance Sheet Assumed Liabilities Amount from (ii) the Balance Sheet Purchased Assets Amount, (b) the term "Balance Sheet Assumed Liabilities Amount" means the sum of all amounts reflected on the Closing Date Balance Sheet in respect of the Assumed Liabilities described in Section 4.1.2, (c) the term "Balance Sheet Purchased Assets Amount" means the sum of all amounts reflected on the Closing Date Balance Sheet in respect of Purchased Assets (net of any related accumulated depreciation or amortization), and (d) the term "Closing Date Balance Sheet" means the balance sheets of Sterling Software Inc.'s International Group and Asia Pacific Group as of the Closing Date, prepared from the books and records of such International Group and Asia Pacific Group, using the same accounting principles, policies, practices and procedures as are used in preparing the balance sheets of such International Group and Asia Pacific Group, consistently applied, which accounting principles, policies, practices and procedures are hereby represented and warranted by Seller to be in accordance with generally accepted accounting principles in the United States ("GAAP"). All accounts receivable of Seller or any Assigning Subsidiary existing as of the Closing shall be allocated, for purposes of determining whether they shall have arisen out of the conduct of the Business, on the one hand, or out of the conduct of any other business conducted by Seller or any of its affiliates, on the other hand, in the manner contemplated by the Distributor Agreement and otherwise consistently with the manner in which the related revenues shall have been allocated upon the inception or the most recent renewal or amendment, as the case may be, of the applicable Product Contract. Following Seller's delivery of the computation of the Net Book Value pursuant to this Section 3.1.3, Seller shall as promptly as practicable provide Purchaser with such information as it reasonably requests...
Net Book Value. An asset’s Purchase Price less Accumulated Depreciation.
Net Book Value. With respect to any date of determination for any Eligible Container or any Eligible Generator Set, an amount equal to the excess of:
