Adjusted Basis Clause Samples

The Adjusted Basis clause defines the value of an asset for tax or accounting purposes after accounting for various adjustments such as depreciation, improvements, or losses. In practice, this means the original cost of the asset is modified by factors like capital expenditures or allowable deductions over time, resulting in a new basis used to calculate gain or loss upon sale or transfer. This clause is essential for accurately determining tax liabilities and ensuring that parties correctly report financial outcomes related to asset transactions.
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Adjusted Basis. The Company's adjusted basis in any Company asset, as determined for Federal income tax purposes pursuant to Section 1011 of the Code.
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Adjusted Basis. The parties acknowledge and agree that, for US federal income tax purposes, the aggregate adjusted basis of the fixed assets (accounts receivable, inventory, prepaid and other assets are not to be included) held by and goodwill of Owner, to Seller’s Actual Knowledge as of October 1, 2013, is no greater than EIGHTEEN MILLION and 00/100 Dollars ($18,000,000.00).
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Adjusted Basis. With respect to Partnership assets as of any date of determination, the Partnership’s adjusted basis of such assets, as determined for Federal income tax purposes, pursuant to Section 1011 of the Code. Adjusted Capital Account Deficit. With respect to any Partner, the deficit balance, if any, in such Partner’s Capital Account as of the end of the relevant fiscal year or other period, after giving effect to the following adjustments:
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Related to Adjusted Basis

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.