NBV definition

NBV. (Net Book Value) means as to an Owner’s interest in Shared Facilities, the original cost of such assets, plus the original cost of subsequently added Capital Improvements to such assets, less cumulative depredation which such Owner records in its Financial Reporting Accounts;

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NBV is defined in Schedule 3;

NBV means, with respect to any asset being disposed, the GAAP book value of such asset (net of accumulated depreciation) determined based upon the most recent balance sheet of the Company.

Examples of NBV in a sentence

• As with depreciation costs, these will be charged on a monthly basis with an adjustment at year end for any changes in NBV (only for corrections which are not the result of depreciation).

• Nano is purchasing the Demo equipment described in Schedule A-1 (the “Demo Equipment”) for $1,583,224.66, which the parties hereby agree is the net book value (NBV) thereof as of the Closing Date (the “Demo Equipment Purchase Price”).

• The Purchase Price for the VVI Shares shall be reduced or increased dollar for dollar for (i) any Debt of the Company existing as of the Closing Date, in excess of or less than $900,000.00, as the case may be, and (ii) the NBV Adjustment; accordingly, as the value of the WEI Shares is agreed upon to be $500,000.00, any adjustment in the Purchase Price shall be reflected in the Cash Portion of the Purchase Price.

• The Company shall have delivered to Komag the Preliminary Closing NBV Statement.

• The Company hereby agrees and acknowledges that each of LV and NBV (together with their respective Affiliates) is a professional investment fund, or a venture investment arm of its Affiliates, and as such invests in numerous portfolio companies and has Affiliates, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted).

More Definitions of NBV

NBV means GAAP total assets less total liabilities;

NBV means the net book value reflected on the Borrowers’ financial statements of the Eligible Spare Parts Inventory as determined in accordance with GAAP consistently applied and as adjusted from time to time on the books and records of either Borrower in accordance with GAAP.

NBV shall have the meaning given such term in Section 4.

NBV means net book value.

NBV as of a given date shall mean the aggregate amount of the net book value of the fixed assets of the Development Restaurants calculated by subtracting (i) the cumulative depreciation and amortization, together with any other applicable liabilities included in the Assumed Liabilities (excluding liabilities taken into account in the calculation of Net Working Capital), of each Development Restaurant as of that date from (ii) the property and equipment of each Development Restaurant included in the Assets (excluding tenant improvements funded by landlord and assets taken into account in the calculation of Net Working Capital) as of that date, as determined on a tax basis and subject to the adjustments set forth in Exhibit 2.10(b). The “Estimated NBV” shall mean $10,187,382, the calculation of which is set forth on Exhibit 2.10(b) for each of the Development Restaurants and which has been calculated as of 11:59 p.m. Dallas, Texas time on April 20, 2008.

NBV shall be as defined in the initial paragraph of this Credit Agreement.

NBV means NBV Loan Acquisition, LLC the successor in interest to GFB and therefore the Debtor’s mezzanine lender and potentially the Debtor’s secured lender.