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;
NBV is defined in Schedule 3;
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.
Examples of NBV in a sentence
If the sale is at a price below the net book value (NBV) (i.e., book value less provisions held), the shortfall should be debited to the profit and loss account of that year.
The NBV does not include normal ratemaking adjustments for used and useful plant or working capital.
Reversal of excess provision is limited to the extent to which cash received exceeds the NBV of the asset.
If the sale is for a value higher than the NBV, the excess provision shall not be reversed but will be utilised to meet the shortfall/ loss on account of sale of other nonperforming financial assets.
In case the sale value is higher than NBV, the excess provision held can be reversed to profit & loss account in the year the amounts are received.
More Definitions of NBV
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 have the meaning set forth in Schedule 3 hereof.
NBV shall be as defined in the initial paragraph of this Credit Agreement.
NBV means GAAP total assets less total liabilities;
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.
NBV means NBV Loan Acquisition, LLC the successor in interest to GFB and FCB and at one time the Debtor’s postpetition secured lender.
NBV shall have the meaning set forth in Section 2.10 hereof.