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 (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".
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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.
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Examples of Target Book Value in a sentence

  • Purchaser shall, as part of the Assumed Obligations, assume and have responsibility for all salaries, accrued bonuses, commissions, vacation pay, and all other employee welfare plans of Seller, and all payroll taxes thereon which accrued or earned prior to the time of Closing, in all events only if and only to the extent the same have been included as part of the computation of the Target Book Value.

  • If the effective time of the Merger is after October 1, 2021, the Target Book Value Floor and the Target Book Value Ceiling will be adjusted upward by an amount equal to the product of $26,000 and the number of days from October 1, 2021 until the effective time, less any dividends paid after October 1, 2021.

  • These papers report radiative transition probabilities and collision strengths for all the ground configuration and for 2s22p3 − 2s2p4 transitions; the collision strengths have been calculated for three val- ues of the incident electron energy.

  • The net worth of Knewco on the Divestiture Date shall equal $24,011,000.00, reduced by the amount of any losses resulting from the Company's not conducting its business in the Knewco Territory following the date hereof in the ordinary course of business and consistent with past practices and policies, other than the transactions contemplated by this Agreement and the Merger Agreement, or as expressly consented to by Sensormatic (the "Target Book Value").

  • The Cash Consideration is subject to (i) a reduction in the event that the Effective Time Book Value (as defined in, and calculated pursuant to, the Merger Agreement) of Cortland falls below the Target Book Value Floor or (ii) an increase if the Effective Time Book Value exceeds the Target Book Value Ceiling, at the effective time of the Merger.

  • In the event the book value of the Company as shown on the Closing Balance Sheet (the "Closing Book Value") based upon a currency exchange rate of US $1:1,200 Won is less than or more than US$5,800,000 (the "Target Book Value"), the Purchase Price shall be adjusted dollar for dollar for such difference (if and only to the extent such difference exceeds US$150,000) in accordance with paragraph (c) paragraph (d), or paragraph (e) below.

  • In addition to cash and cash equivalents, other current assets may be reduced if required so that the net worth of Knewco as reflected on the Estimated Balance Sheet will not exceed the Target Book Value.

  • For purposes of this Section 1.5 and Section 7.6, neither the Target Book Value nor the net worth of the Company at the Divestiture Date shall reflect write-downs of the Company's assets which write-downs are not reflected on the Pro Forma Balance Sheet.

  • Numbers give you power, and numbers give you protection, because it’s not only the parties that are negotiating that you need to win over but also the population at large.


More Definitions of Target Book Value

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

  • 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;

  • Gross Book Value means, at any time, the book value of the assets of the REIT, as shown on its then most recent balance sheet, plus the amount of accumulated depreciation shown thereon.

  • Book Value means, with respect to any Asset and any Liability Assumed, the dollar amount thereof stated on the Accounting Records of the Failed Bank. The Book Value of any item shall be determined as of Bank Closing after adjustments made by the Receiver for differences in accounts, suspense items, unposted debits and credits, and other similar adjustments or corrections and for setoffs, whether voluntary or involuntary. The Book Value of a Subsidiary of the Failed Bank acquired by the Assuming Institution shall be determined from the investment in subsidiary and related accounts on the "bank only" (unconsolidated) balance sheet of the Failed Bank based on the equity method of accounting. Without limiting the generality of the foregoing, (i) the Book Value of a Liability Assumed shall include all accrued and unpaid interest thereon as of Bank Closing, and (ii) the Book Value of a Loan shall reflect adjustments for earned interest, or unearned interest (as it relates to the "rule of 78s" or add-on- interest loans, as applicable), if any, as of Bank Closing, adjustments for the portion of earned or unearned loan-related credit life and/or disability insurance premiums, if any, attributable to the Failed Bank as of Bank Closing, and adjustments for Failed Bank Advances, if any, in each case as determined for financial reporting purposes. The Book Value of an Asset shall not include any adjustment for loan premiums, discounts or any related deferred income, fees or expenses, or general or specific reserves on the Accounting Records of the Failed Bank. For Shared-Loss Securities, Book Value means the value of the security provided in the Information Package.

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Target Assets means the types of assets described under “Business— Overview” in the prospectus included in the Registration Statement, subject to, and including any changes to the Company’s Investment Guidelines that may be approved by the Manager and the Company from time to time.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Retail value of a prize means:

  • Fair salable value means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase.

  • Total Tangible Assets means the total assets of the Company and its Restricted Subsidiaries, calculated on a consolidated basis in accordance with GAAP, other than intangible assets (as determined in accordance with GAAP).

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Average Net Assets means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect. The fee is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Unencumbered Asset Value means, at any time for the Consolidated Group, without duplication, the sum of the following: (a) an amount equal to (i) Unencumbered NOI from all Unencumbered Properties (other than Non-Stabilized Properties and acquisition properties described in clause (b) below) that have been owned by the Consolidated Group for four full fiscal quarter periods or longer (which amount for each individual Unencumbered Property as well as the aggregate amount for all Unencumbered Properties shall not be less than zero) divided by (ii) the Capitalization Rate, plus (b) the aggregate acquisition cost of all Unencumbered Properties acquired during the then most recently ended four fiscal quarter period, plus (c) the undepreciated book value of Unencumbered Properties that are Non-Stabilized Properties; provided that if the Unencumbered Asset Value attributable to Non-Stabilized Properties accounts for more than 15% of Unencumbered Asset Value, the amount of undepreciated book value of such Non-Stabilized Properties that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (d) cash from like-kind exchanges on deposit with a qualified intermediary (“1031 proceeds”), plus (e) the value of Mezzanine Debt Investments and Mortgage Receivables owned by the Consolidated Group that are not more than ninety (90) days past due determined in accordance with GAAP, in each case that are not subject to a Lien or Negative Pledge; provided that if the Unencumbered Asset Value attributable to Mezzanine Debt Investments and Mortgage Receivables accounts for more than 10% of Unencumbered Asset Value, the amount of Mezzanine Debt Investments and Mortgage Receivables that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (f) the undepreciated book value of all Unimproved Land and Construction in Progress owned by the Consolidated Group to the extent any such assets are not subject to a Lien or Negative Pledge, plus (g) Balance Sheet Cash; provided that, to the extent that Unencumbered Asset Value attributable to investments in Mezzanine Debt Investments, Mortgage Receivables, 1031 proceeds, Unimproved Land, and Construction in Progress account for more than 25% of Unencumbered Asset Value, in the aggregate, the amount that exceeds such limit shall be deducted from Unencumbered Asset Value. For clarification purposes, in determining whether clause (a) or clause (b) above applies, the date a Property will be deemed to have been acquired is the date it was acquired by the Consolidated Group or any prior Affiliate of the Consolidated Group.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Present Fair Saleable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the applicable Person and its subsidiaries taken as a whole are sold on a going-concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).