Base Book Value definition
Examples of Base Book Value in a sentence
If the Final Book Value of the Companies (and their Subsidiaries) is more than the Base Book Value, Buyer shall pay to Sellers (pursuant to the allocation percentages set forth in Schedule 2.2) an amount equal to the difference between such two amounts.
On the scheduled date of the Closing, (a) the aggregate Delayed Transfer Book Value Reduction Amount for all Delayed Transfer Properties is less than ten percent of the amount equal to (i) the Base Book Value Amount; (ii) plus the Book Value Increase, if any; (iii) minus the Book Value Decrease, if any; and (b) the aggregate Delayed Transfer Premium Reduction Amount for all Delayed Transfer Properties is less than $11,000,000.
Any payment to be made pursuant to this Section 3.5 shall be made by Wire Transfer within three (3) Business Days following the day on which the Base Book Value and Final Book Value shall have been finally determined pursuant to the terms of Section 3.4 hereof (the "Final Settlement Date").
The parties acknowledge that no adjustments shall be made to the Base Book Value Amount.
The parties agree that the Purchase Price has been determined on the basis of an agreed adjusted net book value of $772,693.00 at June 30, 1996 (the "Adjusted Base Book Value").
If the Closing Book Value is greater than the Base Book Value, Purchaser shall pay the Price Adjustment to Seller, and if the Closing Book Value is less than the Base Book Value, Seller shall pay the Price Adjustment to Purchaser.
Real estate and personal property Taxes will be included in the calculation of the Base Book Value Amount, Book Value Estimate and Final Book Value (based on a daily proration determined in accordance with Schedule 7.8) and governed exclusively by Section 3.2.
If the Audited Book Value exceeds the Adjusted Base Book Value, CACI will pay to Sunset the amount of such excess.
If the Audited Book Value is less than the Adjusted Base Book Value, Sunset will pay to CACI the amount of such deficit.
If the Final Book Value of the Companies (and their Subsidiaries) is less than the Base Book Value, Sellers shall pay to Buyer an amount equal to the difference between such two amounts.