Consolidated Book Value definition

Consolidated Book Value in respect of any Person means the total of the amounts shown on the balance sheet of such Person and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP, as of the end of the most recent fiscal quarter of such Person ending at least 45 days prior to the taking of any action for the purpose of which the determination is being made, as (i) the par or stated value of all outstanding Capital Stock of such Person plus (ii) paid-in capital, share premium or capital surplus relating to such Capital Stock plus (iii) any retained earnings or earned surplus plus (iv) any accumulated other comprehensive income, less any accumulated deficit.

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Consolidated Book Value has the meaning ascribed thereto in section 6.10;

Examples of Consolidated Book Value in a sentence

Borrower will not permit more than 15% of Net Operating Income for any four consecutive fiscal quarters to be generated by, either directly or indirectly, any one Facility, lessee, operator or borrower, nor shall Borrower permit any one Facility or assets to constitute more than 15% of Consolidated Book Value.
It shall maintain a Consolidated Debt to Consolidated Book Value of Assets Ratio, measured at the end of each fiscal quarter of the Borrower on a rolling four fiscal quarter basis, of not greater than [DELETION] commencing from and including the fiscal quarter ending June 30, 2021.
Borrower shall, in calculating Consolidated Book Value, carry its assets on its books at the lesser of cost or market and shall not write-up Consolidated Book Value to reflect increased value based upon market.
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness (including, with respect to the Sanwa Line of Credit and the Union Line of Credit, only the funded portion of such line of credit indebtedness within the calculation of Indebtedness) in excess of fifty percent (50%) of Consolidated Book Value.
Borrower shall not otherwise modify its method of calculating Consolidated Book Value from that employed in the preparation of Financials delivered to Lender in connection with the Loan.
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness (including, with respect to the Sanwa Line of Credit and the Bank of America Line of Credit, only the funded portion of such line of credit indebtedness within the calculation of Indebtedness) in excess of fifty-five percent (55%) of Consolidated Book Value.
Consolidated Book Value of ---------------------------------------------------------- Embarcadero.
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness secured in whole or in part by any of its properties (including, without limitation, the Facilities, but excluding, for the purpose of this Section 6.9.C only, the 955 Loan from the calculation of such secured Indebtedness) or other assets which at any time exceeds twenty-five percent (25%) of Consolidated Book Value.
Within 120 days after the last day of each fiscal year of PCLEH, the Directors shall determine, in accordance with paragraph 11.2.1,11.02.01, the Adjusted Consolidated Book Value of all Common Shares and the value of each Common Share as at the last day of such fiscal year (the “Valuation Date”).
At the Closing, Purchaser shall pay to Sellers an amount equal to the Estimated Consolidated Book Value of Embarcadero (the “Initial Purchase Price”) in accordance with the provisions of Section 2.3(c).

More Definitions of Consolidated Book Value

Consolidated Book Value means the total assets of GMI, less the total liabilities of GMI, as of the date immediately prior to the Effective Date, prepared in accordance with Canadian generally accepted accounting principles on a basis consistent with the Financial Statements. Within five Business Days after the audit of the Consolidated Book Value is finally completed in accordance with the provisions hereof, if the amount of the audited Consolidated Book Value is less than $61,000,000, then RJ Holdings shall be entitled to be indemnified for the difference between $61,000,000 and the audited Consolidated Book Value, pursuant to the terms of the Escrow Agreement, from the Escrowed Securities, such indemnification to be allocated pro rata among the Escrowed Securities owing to each GMI Shareholder and to be allocated proportionately from each separate form of Escrowed Securities owing to each GMI Shareholder (whether Exchangeable Shares, Retractable Shares or any combination thereof). If the difference between $61,000,000 and the audited Consolidated Book Value is greater than the entire amount of the Escrowed Securities and GMI intentionally and in bad faith reduced the Consolidated Book Value in breach of its covenant pursuant to clause 6.5(a)(xvi), the GMI Shareholders shall pay to RJ Holdings an amount (whether in the form of cash or securities) equal to the -39- 43 difference between (a) $61,000,000 less the amount of the Escrowed Securities, and (b) the audited Consolidated Book Value.

Consolidated Book Value means, with respect any specified Person as of any date, the book value of such Person's assets, on a consolidated basis, determined in accordance with GAAP, as reported on the most recent date prior thereto for which a consolidated balance sheet of such Person has been regularly prepared.

Consolidated Book Value. In respect of any Person, the total of the amounts shown on the balance sheet of such Person and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP, as of the end of the most recent fiscal quarter of such Person ending at least 45 days prior to the taking of any action for the purpose of which the determination is being made, as