Net Book Value definition

Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

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Net Book Value means the carrying value of each of the Assets as reflected on the books of Seller as of the Closing Date in accordance with GAAP and consistent with the accounting policies and practices of Seller in effect as of the date of this Agreement.

Net Book Value with respect to any asset of any Person (a) other than accounts receivable, the gross book value of such asset on the balance sheet of such Person, minus depreciation in respect of such asset on such balance sheet and (b) with respect to accounts receivable, the gross book value thereof, minus any specific reserves attributable thereto.

Examples of Net Book Value in a sentence

The sum of the Net Book Values of all Eligible Containers owned by such Borrower that are Specialized Containers (other than refrigerated Containers) shall not exceed twenty-five percent (25%) of such Borrower’s Aggregate Net Book Value; (b) Maximum Concentration of Finance Leases.
The parties agree that any sale of Container Equipment from a Loan Party or any Restricted Subsidiary of such Loan Party to any Unrestricted Subsidiary of such Borrower at the original equipment cost or Net Book Value thereof shall be deemed to be an arm’s- length transaction.
The sum of the Net Book Values of all Eligible Containers owned by such Borrower that are subject to a Finance Lease shall not exceed thirty percent (30%) of such Borrower’s Aggregate Net Book Value; (c) Maximum Concentration of Non-U.S. Currency Rentals.

More Definitions of Net Book Value

Net Book Value means with respect to any asset of any Person (a) other than accounts receivable, the gross book value of such asset on the balance sheet of such Person, minus depreciation in respect of such asset on such balance sheet and (b) with respect to accounts receivable, the gross book value thereof, minus any specific reserves attributable thereto.

Net Book Value means, with respect to any asset or property at any time, the net book value of such asset or property as reflected on the most recent balance sheet of the Issuer at such time, determined on a consolidated basis in accordance with GAAP.

Net Book Value means, with respect to any Leased Vehicle as of any day, the Gross Capitalized Cost of such Leased Vehicle minus accumulated depreciation of the such Leased Vehicle.

Net Book Value means the historical cost of an

Net Book Value has the meaning specified in the Lease.

Net Book Value means the historical cost of an asset less

Net Book Value means, with respect to any Lease Vehicle, as of any date of determination, the excess (if any) of (i) the Capitalized Cost of such Lease Vehicle over (ii) the Accumulated Depreciation with respect to such Lease Vehicle, in each case as of such date.