Equity Book Value definition
Examples of Equity Book Value in a sentence
If the Final Net Equity Book Value is less than the Closing Net Equity Book Value, CAG and CFFIC shall pay, within ten (10) Business Days of the receipt of such Final Balance Sheet, an amount equal to such deficit to Investor by wire transfer in immediately available funds to an account specified by Investor.
To the extent that the estimated Equity Book Value as of the Closing Date is less than zero, the payment to be made by Black Box, on behalf of Purchaser, at Closing pursuant to Section 3.3(a) shall be decreased by the amount by which the estimated Equity Book Value as of the Closing Date is less than zero.
Platinum shall have a period of up to ninety (90) from the receipt of Purchaser’s Statement to review Purchaser’s Statement, during which period Black Box shall make reasonably available to Platinum at reasonable times all relevant books and records of the Companies and the Subsidiaries and all personnel with knowledge relevant to the determination of the Equity Book Value as of the Closing Date.
It is understood and agreed that, subject to Legal Requirements, immediately prior to the Closing the Seller Parents shall cause the Company to pay dividends and make distributions of Cash to the extent required (as determined in good faith by the Seller Parties) to cause the Estimated Closing Equity Book Value (disregarding the exception in clause (i) of the definition of “Estimated Closing Balance Sheet” when determining the Estimated Closing Equity Book Value) to equal the Base Equity Book Value.
Platinum shall pay, or cause to be paid, and indemnify Seller, the Companies and the Subsidiaries from any costs of defense and any amounts to be paid in connection with the Active Litigation, including pursuant to any judgment or settlement related thereto, except to the extent accrued as a liability in connection with the determination of the Actual Equity Book Value as of the Closing Date.
The Proposed Final Balance Sheet shall reflect the Closing Net Equity Book Value together with the Agreed Adjustments (the “Proposed Final Net Equity Book Value”) of the Transferred Companies and their respective Subsidiaries as of 12:01 a.m. Central Time on the Closing Date and shall be prepared in accordance with GAAP on a basis consistent with the Closing Balance Sheet (but including the Agreed Adjustments).
Total Equity; Book Value of Mortgaged Property; Officer's Certificate of Collateral Balance.
No later than ninety (90) days following the Closing Date, Black Box shall prepare and deliver to Platinum its good faith calculation of the Equity Book Value as of the Closing Date (“Purchaser’s Statement”), together with a detailed analysis of the line items included therein.
To the extent that the estimated Equity Book Value as of the Closing Date is greater than zero, the payment to be made by Black Box, on behalf of Purchaser, at Closing pursuant to Section 3.3(a) shall be increased by the amount by which the estimated Equity Book Value as of the Closing Date is greater than zero.
Not later than two (2) business days prior to the Closing Date, Platinum and Black Box shall agree in good faith as to an estimate of the Equity Book Value as of the Closing Date.