Book Assets definition

Book Assets means on consolidated basis the Borrower’s book value of all assets, as determined by the Accounting Principles.
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Book Assets means: (i) all rights to or in connection with prepaid expenses; and (ii) all claims and similar rights (and benefits arising from such claims or rights) owing to Seller, whether or not yet due and payable, including the benefit of all security therefor and of all guarantees, indemnities and rights (including warranty rights against suppliers) in respect of the same.
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Book Assets means all assets owned by any Seller in connection with the publishing of the “backlist” and “frontlist” of F+W books division.
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Examples of Book Assets in a sentence

  • Any installment of rent due on any of the Leases and any utility or similar charge payable with respect to the period in which the Closing occurs shall be prorated between the parties hereto on the basis of the actual number of days applicable to pre-Closing and post-Closing occupancy or use and as so included in the determination of the Closing Net Book Assets.

  • If one or more Tail Book Assets has not been Transferred to the Purchaser prior to the expiration of the FERC Gas Waivers and the performance by any Party or its Affiliates of its obligations in respect of such Tail Book Asset or any Mirror Trade or TRS Agreement related thereto, then the Parties shall, and shall cause their Subsidiaries to, take the actions set forth in Schedule 7.15.

  • Seller shall pay the audit costs, expenses and fees associated with auditing the Closing Date Statement of Net Book Assets.

  • Minimum Book Equity The Book Equity shall at all times be no less than 35% of the aggregate of (i) the Total Book Assets and (ii) the Total Liabilities No event has occurred which with or without notice and/or lapse of time would constitute an Event of Default under the Loan Agreement.

  • Except to the extent reserved or reflected against in the Closing Date Statement of Net Book Assets, to the knowledge of Seller, there is no reason why any Account Receivable or other receivable would not be collectible in the ordinary course of business.

  • Seller shall deliver to Buyer five ------------- Business Days prior to the Closing Date a projected Statement of Net Book Assets as of the Closing Date.

  • Seller shall make available to Buyer and, if Buyer elects, Buyer's independent certified public accountants, at no expense, such of the facilities, books, records and personnel of Seller related to the Business and such of the work papers of Seller's independent certified public accountants as are reasonably requested by Buyer to enable it to review and verify Seller's Closing Net Book Assets calculation, including, without limitation, the Closing Inventory Schedule.

  • Buyer will make all payments required with respect to any such tax returns and Seller will reimburse Buyer for all such payments to the extent that they relate to periods ending on or before the Closing Date and are not reflected on the Closing Net Book Assets Statement.

  • All property taxes and special assessments payable in respect of any of the Real Property transferred in connection with the transactions contemplated hereby shall be prorated between the parties on the basis of actual days elapsed between the commencement of the current fiscal tax year and the Closing, based on a 365-day year and as so reflected on the Closing Net Book Assets Statement.

  • Neither Gap nor Barclays will have any responsibility for costs incurred by Synchrony Bank or Synchrony Bank’s processor in connection with the sale or conversion of the Back Book Assets.