Book Value Adjustment definition

Book Value Adjustment means the amount equal to the Book Value Deficit or the Book Value Surplus, as the case may be.

Book Value Adjustment has the meaning set forth in Section 2(d) below.

Book Value Adjustment means the Upward Book Value Adjustment or the Downward Book Value Adjustment, as the case may be.

Examples of Book Value Adjustment in a sentence

• Notwithstanding the foregoing, however, if (i) the Earnings Adjustment is a negative number or (ii) the Book Value Adjustment exceeds the Earnings Adjustment then no CAP Units shall be credited to the Accounts of any Participants and the amounts of each of such Book Value Adjustment and Earnings Adjustment shall be disregarded and shall not be taken into account for purposes of the Plan in any subsequent Deferral Year.

• In such event, the Company shall also carry forward to subsequent Deferral Years the respective amounts obtained by multiplying each of the Earnings Adjustment and the Book Value Adjustment applicable for each Participant by the fraction which is one minus the quotient obtained by dividing (a) the number of Available Shares by (b) the aggregate number of CAP Units required to be credited pursuant to this Section 5.10(a).

• Such respective amount shall be credited (or debited) by means of separate bookkeeping entries established and maintained by the Company to the Cash Balance Account in respect of the Earnings Adjustment and a "Book Value Adjustment Carryforward Account" in respect of the applicable Book Value Adjustment of each Participant.

• In addition, for purposes of calculating the Earnings Adjustment and the Book Value Adjustment (except as required by Section 5.2 any amounts credited to a Book Value Adjustment Carryforward Account in a prior Deferral Year shall be deemed made as a Book Value Adjustment in the year so credited and not carried forward to subsequent Deferral Years.

• In addition, for purposes of calculating the Earnings Adjustment and the Book Value Adjustment, except as required by Section 5.2, any amounts credited to a Book Value Adjustment Carryforward Account in a prior Deferral Year shall be deemed made as a Book Value Adjustment in the year so credited and not carried forward to subsequent Deferral Years.

More Definitions of Book Value Adjustment

Book Value Adjustment means the amount per outstanding share of Common Stock by which the book value of the Company's outstanding Common Stock is increased or reduced as a result of (a) the financial impact of any reinsurance arbitration proceeding pending on the date of this Warrant and (b) any increase or decrease in the Company's loss reserves for periods ending on or before September 30, 2000; in each case determined by the Company's independent public accountants on or before the completion of their audit of the Company's financial statements for the year ending December 31, 2001. The term "Warrant Price" as used herein refers to the foregoing price per share as adjusted hereby and in effect from time to time. ------------------------------------------------------ CUSIP No. 000000000 ------------------------------------------------------

Book Value Adjustment means the sum of the Adjustments, where "Adjustments" means (i) with respect to Plants and Manufacturing Equipment, (A) the Book Value as of the Closing Date of any Manufacturing Equipment added subsequent to the date of this Agreement in conformity with the representations and covenants contained herein minus (B) the sum of the reductions for casualty, loss, or disposition of such items and the per diem adjustments for depreciation as set forth on Schedule 1.8(g), in each case from the date set forth on Schedule 1.8(g) to the Closing Date, (ii) with respect to Prepaid Expenses, (A) the cost of any Prepaid Expenses made subsequent to the date of this Agreement in conformity with the representations and covenants contained herein minus (B) the per diem adjustments for amortization as set forth on Schedule 1.8(g) from the date set forth on Schedule 1.8(g) (or, in the case of Prepaid Expenses made subsequent to the date of this Agreement, from the date made) to the Closing Date, and (iii) with respect to Inventory, the value of such Inventory, based on the values for each Merchantable unit established using the Accounting Methodology minus $17,497,425. The Book Value Adjustment may be a positive or a negative number.

Book Value Adjustment means the amount (positive or negative) equal to (x) the Net Book Value of the Company as of the close of business on the last Business Day of the month last preceding the month in which the Closing Date occurs minus (y) an amount equal to $52,052,000.

Book Value Adjustment is defined in Section 3.2(a) hereof.

Book Value Adjustment means an amount equal to --------------------- $1.00 multiplied by the difference between, on the one hand, $1,000,000, and on the other hand, the Net Book Value indicated on a balance sheet (the "Closing ------- Balance Sheet") prepared and delivered by Purchaser to Seller within one hundred ------------- and thirty five (135) days following the Closing Date (or the soonest practicable date thereafter if the delay results from inadequacies in Seller's records or accounting systems) by recording the Purchased Assets (excluding intangible assets) and the Assumed Liabilities, and otherwise in accordance with Generally Accepted Accounting Principles as consistently applied using the same methodology as the Recent GAAP Financial Statements (defined

Book Value Adjustment means the dollar amount necessary, as of the most recent calendar month end prior to the Effective Time, to bring Berkshire Bank’s total loan loss reserves up to an amount equal to 40% of its Nonperforming Loans.

Book Value Adjustment means an adjustment reducing or increasing the Purchase Price in an amount equal to $1.00 multiplied by subsection (A) minus subsection (B) below: