Target Book Value definition

Target Book Value means, with respect to the Company, an amount equal to

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Target Book Value means $___TBD___. If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-up Payment." If the True-up Payment is greater than zero, the amount thereof shall be paid by Stockholders to the Company in accordance with the provisions of paragraph (e) of this Section 1.06.

Target Book Value means $4,500,000 minus any Tax Distribution Amount (as defined in Section 4.09). If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-up Payment." If the True-up Payment is greater than zero, the amount thereof shall be paid by Sellers to the Companies in accordance with the provisions of paragraph (e) of this Section 1.04.

Examples of Target Book Value in a sentence

If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-up Payment." If the True-up Payment is greater than zero, the amount thereof shall be paid by Sellers to the Companies in accordance with the provisions of paragraph (e) of this Section 1.04.
For the purposes of this subparagraph (c), "Target Book Value" shall be an amount equal to: (1) Forty-Eight Million Two Hundred Fifty Thousand Dollars ($48,250,000); (2) adjusted (A) downward by the product of Thirteen Thousand Dollars ($13,000) (the "Per Diem Factor") and the number of days the Effective Time is before July 1, 2019, or (B) upward by the product of the Per Diem Factor and the number of days the Effective Time is after July 1, 2019; and (3) less dividends paid after July 1, 2019.
If the Effective Time Book Value shall be greater than the Target Book Value Ceiling (the dollar amount of such excess is referred to as the “Excess Amount”), then the aggregate amount of Merger Consideration shall be increased by the Excess Amount.
If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-up Payment." If the True-up Payment is greater than zero, the amount thereof shall be paid by Stockholders to the Company in accordance with the provisions of paragraph (e) of this Section 1.06.
The Estimated Closing Balance Sheet shall be prepared by the Sellers verifying that the Book Value of the Company equals at least that amount set forth on Schedule 2(c) (the "Target Book Value ").

More Definitions of Target Book Value

Target Book Value means (X) $4,500,000, minus (Y) any Tax Distribution Amount (as defined in Section 4.09), minus (Z) an amount previously distributed (but not more than $100,000) in respect of the estimated aggregate federal and state income tax liability of Sellers with respect to the S corporation income from the normal operation of Bostek during the period beginning on January 1, 1999 and ending on March 31, 1999".

Target Book Value means $130,000,000.

Target Book Value means $8,007,877.00, being the "Division Equity" as set forth in Modified September 30 Balance Sheet. The difference between the Target Book Value and the Closing Book Value shall be the "PURCHASE PRICE ADJUSTMENT." If the Target Book Value exceeds the Closing Book Value, Seller shall pay to Purchaser an amount equal to the Purchase Price Adjustment in accordance with the provisions of paragraph (e) of this SECTION 2.2. If the Closing Book Value exceeds the Target Book Value, Purchaser shall pay to Seller an amount equal to the Purchase Price Adjustment in accordance with the provisions of paragraph (e) of this SECTION 2.2.

Target Book Value means an amount equal to $100,298,570.

Target Book Value means the amount obtained by subtracting the total liabilities of the Company from the total assets of the Company as set forth on June 30, 2000 Balance Sheet (as hereinafter defined) and attached as Schedule 2.04(a). If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-up Payment." If the True-up Payment is greater than zero, the amount thereof shall be paid by Stockholders to ADS in accordance with the provisions of paragraph (e) of this Section 1.06.

Target Book Value means the amount obtained by subtracting the total liabilities of the Company from the total assets of the Company as set forth in the May 31, 2000 Balance Sheet minus the Closing Cash Payment (as hereinafter defined) and attached as Schedule 2.04. If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "True-Up Payment." If the True-Up Payment is greater than zero, the amount thereof shall be paid by Stockholders to the Company in accordance with the provisions of paragraph (e) of this Section 1.06.(By way of example, if at May 31, 2000, the Company's total assets and liabilities under GAAP were $14,5000,000 and $5,700,000respectively, and the Closing Cash payment is $7,000,000, then the Target Book Value at May 31, 2000 would be 1,800,000 If on the Closing Date, the Company's total assets and liabilities under GAAP are $15,000,000. and $5,500,000.repectively, and the Closing Cash Payment is $7,000,000, then the Closing Book Value would be $2,500,000. In this example, the Closing Book Value exceeds the target Book Value and the True-Up Payment would be zero.

Target Book Value means $72,000,000 if the Closing occurs during the months of July or August of 1998, and, if the Closing does not occur during either of such months, such $72,000,000 amount shall be increased by $1,000,000 on the first day of each calendar month following August of 1998. If the Target Book Value exceeds the Closing Book Value, the amount of such excess shall be the "Purchase Price Adjustment." If the Closing Book Value equals or exceeds the Target Book Value, the Purchase Price Adjustment shall be zero. If the Purchase Price Adjustment is greater than zero, the amount thereof shall be paid by Seller to Buyer in accordance with the provisions of paragraph (e) of this Section 1.04.