Common use of Definition of Book Value Clause in Contracts

Definition of Book Value. a. For the purposes of this Agreement, the book value of the shares shall be determined by the corporation’s regular certified public accountant, pursuant to the provisions of GAAP; however, there shall be no allowance of any kind shall be made for the corporations’ goodwill, trade name, or intangible assets. b. Notwithstanding any other provision herein, the value of LSB shares held by any of the parties hereto shall be the average daily closing price of LSB shares on the NYSE or successor national quotation service during the previous twelve months prior to the date for which a value is being determined, less a discount (“haircut”) of 30%. For the purpose of this calculation only business days shall be used to determine price and the number of days to be considered. The book value so determined by the certified public accountant shall be binding and conclusive on all parties.

Definition of Book Value. a. For the purposes of this Agreement, the book value of the shares shall be determined by the corporation’s 's regular certified public accountant, pursuant to the provisions of GAAP; however, there shall be no allowance of any kind shall be made for the corporations’ ' goodwill, trade name, or intangible assets. b. Notwithstanding any other provision herein, the value of LSB shares held by any of the parties hereto shall be the average daily closing price of LSB shares on the NYSE or successor national quotation service during the previous twelve months prior to the date for which a value is being determined, less a discount (“"haircut”") of 30%. For the purpose of this calculation only business days shall be used to determine price and the number of days to be considered. The book value so determined by the certified public accountant shall be binding and conclusive on all parties.

Definition of Book Value. a. For the purposes of this Agreement, the book value of the shares shall be determined by the corporation’s 's regular certified public accountant, pursuant to the provisions of GAAP; however, there shall be no allowance of any kind shall be made for the corporations’ ' goodwill, trade name, or intangible assets. b. Notwithstanding any other provision herein, the value of LSB shares held by any of the parties hereto shall be the average daily closing price of LSB shares on the NYSE or successor national quotation service during the previous twelve months prior to the date for which a value is being determined, less a discount (“"haircut”") of 30%. For the purpose of this calculation only business days shall be used to determine price and the number of days to be considered. The book value so determined by the certified public accountant shall be binding and conclusive on all parties.