Tangible Net Book Value means, except as otherwise set forth in this Section 1.4, the aggregate net book value of the Division Assets (excluding Maintenance Cash), less the sum of (i) the aggregate net book value of all intangible Division Assets (including, without limitation, the aggregate net book value of (A) any capitalized software costs related to internal research and development, (B) software purchased for resale and (C) purchased software, the license of which is not transferable to Purchaser) and (ii) the aggregate net book value of all liabilities of the Division required to be set forth on the face of a closing date balance sheet, all as determined in accordance with U.S. GAAP applied in a manner consistent with Seller's past practices; it being agreed that (A) the calculation of Tangible Net Book Value will not include accounts receivable related to the delivery of future services, unless a corresponding amount of deferred revenue liability with respect to such accounts receivable is included in the calculation of the Division's liabilities, (B) for avoidance of doubt, the calculation of the assets and liabilities of the Division will include the assets and liabilities of the Acquired Subsidiary, (C) the calculation of Tangible Net Book Value will not include the benefit of, or the burden of, any asset or liability which inures to the benefit of, or is to be borne by, Seller or its post-closing Affiliates, (D) notwithstanding the agreement of the parties to leave all maintenance contracts related to the Business with Seller and its Affiliates as specified in Section 1.7 hereof and notwithstanding any provision to the contrary contained herein, the determination of Tangible Net Book Value will be made as if all maintenance contracts and the related deferred revenue liabilities with respect thereto are to be transferred to Purchaser and its Affiliates and (E) notwithstanding any provision to the contrary contained herein, the determinations of prepaid assets, inventory and property, plant and equipment, any other fixed assets and any other assets or liabilities to be included in the determination of Tangible Net Book Value will be made based on the specifically identified schedules of such assets made pursuant to Sections 1.1(a)(ii), 1.1(a)(v) and 1.1(a)(vi) hereto or other schedules specifically identifying any such assets and liabilities, in each case as updated to reflect activity through the Closing Date. With regard to the Division Assets and Assumed Liabilities ...
Tangible Net Book Value means total assets (excluding goodwill) less total liabilities of the Business as of the date of the Closing Balance Sheet. The Tangible Net Book Value shall be calculated according to the Accounting Conventions and in a manner consistent with the calculation thereof on the Balance Sheet.
Tangible Net Book Value means, as of a given date, the aggregate carrying value of the tangible assets of the Company (excluding goodwill and other intangibles) as of such date, minus all of the Liabilities of the Company as of such date excluding any Indebtedness that was applied to reduce the Initial Payment pursuant to Section 1.11(a), in each case determined in accordance with GAAP, applied consistently with prior periods.
Examples of Tangible Net Book Value in a sentence
Sveiby´s classification can be illus- trated as following25; Market Value Tangible Net Book Value Indicators Intangible assets External structure Internal structure Individuals´competence Sveiby´s classification is compatible to Edvardsson´s and Malone´s and the resemblance of the two classifications by Edvinsson and Sveiby is relatively obvious.
More Definitions of Tangible Net Book Value
Tangible Net Book Value means, without duplication, the consolidated assets of the ARX Companies, including deferred commissions and deferred insurance premium taxes, less its intangible assets, total liabilities and non-controlling interests, determined in accordance with GAAP from amounts set forth on the 2014 Financial Statements as finally determined in accordance with Section 2.2.
Tangible Net Book Value means the book value of the Company’s tangible assets (net of depreciation or amortization), less the amount of Liabilities (excluding Debt and any Taxes other than Ordinary Course Taxes), determined in accordance with GAAP consistently applied in accordance with the Company’s past practices; provided that Liabilities shall not include (i) the amounts paid as Special Closing Bonus Payments, (ii) the amounts paid as VRP Termination Payments or (iii) any Liabilities that are paid on or prior to the Closing.
Tangible Net Book Value means, with respect to any corporation, limited liability company, partnership, association, or other entity,
Tangible Net Book Value means the excess of the consolidated assets of Holdings and ESCO, but not including (i) goodwill or going concern value, (ii) cash, or (iii) intercompany accounts, over the consolidated liabilities of Holdings and ESCO, as adjusted and calculated in accordance with the procedure established for determining the Closing Balance Sheet in Exhibit C. Tangible Net Book Value shall be determined by using US generally accepted accounting principles in a manner consistent with those used in preparing the audited balance sheet of ESCO as of December 31, 1995 described in Section 6.12 (the "Accounting Principles"), provided, however, that in determining the Tangible Net Book Value, the reserve against the accounts receivable shall be $171,000 and the reserve against inventory shall be $156,000.
Tangible Net Book Value means (i) all assets of the Business as of the Closing Date (except with respect to all accounts receivable 90 days or more past due, such accounts receivable shall be valued at 40% thereof), including (x) all inventory maintained with respect to the Business (less Business specific inventory reserves) and (y) fixed assets of the Business, but excluding (a) all intangible assets of the Business (such as goodwill) and (b) all cash of the Business, less (ii) all liabilities of the Business as of the Closing Date, all as determined in accordance with GAAP and as set forth on the Closing Date Balance Sheet.
Tangible Net Book Value means the stockholders' equity of B&T, determined in accordance with generally accepted accounting principles ("GAAP") (excluding the Series B Preferred Stock), determined as of the Effective Date, plus an amount equal to the following:
Tangible Net Book Value means assets (which shall include accounts receivable, inventories, property, plant and equipment, prepaid pension costs, prepaid expenses and other assets, but in any event excluding cash and cash equivalents classified in the Company's accounting records as "cash" and excluding goodwill and any other intangible assets), minus liabilities (excluding any such liabilities described in Sections 2.2(b)(ii) and 2.2(b)(iii)). The Statement of Tangible Net Book Value shall be prepared using the Methods, with consistent Methodologies; provided, however, that: