Depreciation and Amortization. The Book Value of a Company asset shall be adjusted (i) for the depreciation and amortization of such asset taken into account in computing Net Profits and Net Losses and (ii) for Company expenditures and transactions that increase or decrease the asset's Federal income tax basis.
Appears in 4 contracts
Sources: Agreement and Plan of Merger (Mecklermedia Corp), Limited Liability Company Agreement (Internet Com Corp), Agreement and Plan of Merger (Penton Media Inc)
Depreciation and Amortization. The Book Value of a Company asset shall be adjusted (i) for the depreciation and amortization of such asset taken into account in computing Net Profits and Net Losses and (ii) for Company expenditures and transactions that increase or decrease the asset's Federal income tax basis.
Appears in 3 contracts
Sources: Operating Agreement (General Felt Industries Inc), Operating Agreement (Sokol David L), Limited Liability Company Agreement (Micro Investment LLC)