Book Equity definition
Examples of Book Equity in a sentence
From and after the Closing Date, Buyer shall honor and assume, or cause one of its affiliates (including Company or any other Group Company) to honor and assume, all paid time off of the Company Employees that is accrued and unused as of immediately prior to the Closing, to the extent reflected as a liability in Book Equity as finally determined pursuant to Section 2.2.
The Final Adjusted Book Equity, the Closing Premium and the resulting Final Purchase Price shall be calculated on the basis of the Final Adjustment Items.
Except to the extent such Tax refunds or Tax credits were taken into account (as finally determined) as an asset in Closing Book Equity, Buyer shall, or shall cause the Group Companies to, pay to Seller the amount of any cash Tax refunds or Tax credits in lieu thereof with respect to the Group Companies actually received by any Group Company that arise with respect to any Pre-Closing Tax Period, in each case, net of any out-of-pocket expenses, costs or Taxes incurred in connection therewith.
A copy of the data tape setting forth true, correct and complete information (disregarding any failures to be true, correct and complete that are, in dividually or in the aggregate, economically immaterial and do not affect Book Equity) relating to all Customer Leases has been made available to Buyer prior to the Execution Date.