Closing Date Net Book Value definition

Closing Date Net Book Value has the meaning ascribed to it in Section 1.02(b)(ii).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Closing Date Net Book Value is defined in Section 1.2(d)(i).

Closing Date Net Book Value has the meaning set forth in SECTION 3.3(A).

Examples of Closing Date Net Book Value in a sentence

The parties shall instruct the Independent Expert to render a reasoned written decision addressing the issues raised in the Notice of Disagreement and determining whether the Closing Date Net Book Value was determined in accordance with GAAP, consistently applied beginning from May 28, 1998, and the provisions of this agreement, which decision shall be rendered as promptly as practicable but in no event later than thirty (30) days after its selection.
The objections contained in the Notice of Disagreement may relate to any aspect of the determination of the Closing Date Net Book Value, including, without limitation, the proper or consistent application of GAAP, capital additions, capital retirements, cost of removal, annual depreciation allocations and arithmetic calculations.
During the 30-day period following Buyer's receipt of the Closing Date Net Book Value, Buyer and Buyer's representatives will be permitted to review the working papers of Seller and Seller's independent public accountants, if any such accountants were engaged by Seller to assist in such determination, relating to the Closing Date Net Book Value and any financial records relevant to the preparation of the Closing Date Net Book Value, provided that such access shall be during normal business hours.
The Independent Accountant’s determination of the Closing Date Net Book Value, which shall be completed as promptly as practicable but in no event later than thirty (30) days following its selection, shall be confirmed by the Independent Accountant in writing to, and shall be final and binding on, Purchaser and Sellers for purposes of this paragraph (b).
The Independent Accountant's determination of the Closing Date Net Book Value, which shall be completed as promptly as practicable but in no event later than thirty (30) days following its selection, shall be confirmed by the Independent Accountant in writing to, and shall be final and binding on, each of Sellers and Purchasers for all purposes.

More Definitions of Closing Date Net Book Value

Closing Date Net Book Value means the Net Book Value set forth in the Closing Date Balance Sheet, plus an amount equal to the sum of the Transaction and Compensation Expenses.

Closing Date Net Book Value means the amount, as reflected on the Closing Date Balance Sheet, which is equal to Cliffs' total assets less total liabilities, as determined in accordance with CAP as of the close of business on the Closing Effective Date.

Closing Date Net Book Value means the book value of the Company's assets less its liabilities, as set forth on the Closing Balance Sheet, determined as of the Closing Date in a manner consistent with that used in the preparation of the Financial Statements, and in any event in accordance with GAAP, but subject to the following:

Closing Date Net Book Value means the excess of the combined assets set forth on the Final Closing Statement of Net Book Value over the combined liabilities set forth on the Final Closing Statement of Net Book Value, determined in accordance with the procedures set forth in SECTION 3.3(B). The amount of any decrease or increase to the Purchase Price pursuant to this SECTION 3.3(A), plus simple interest thereon from and including the Closing Date to but excluding the date of payment at the rate of 8.5% per annum, shall be paid by MCK to Seller (in the case of an increase in the Purchase Price), or by Seller to MCK (in the case of a decrease in the Purchase Price), in either case by wire transfer in immediately available funds within five business days after the Final Closing Statement of Net Book Value is agreed to by Seller and MCK or is determined by the Neutral Auditor in accordance with this SECTION 3.3.

Closing Date Net Book Value means the number obtained by subtracting (a) the sum of the Assumed Liabilities existing on the Closing Date and reflected on the Closing Date Balance Sheet, from (b) the sum of the values of the Purchased Assets existing on the Closing Date and reflected on the Closing Date Balance Sheet, in each case determined in accordance with GAAP applied in a manner consistent with the manner in which the Reference Balance Sheet was prepared, provided, that, (i) for purposes of determining the values of the Purchased Assets existing on the Closing Date, no depreciation on, or amortization of, any part of such Purchased Assets shall be reflected for the period from the Reference Balance Sheet Date through the Closing Date and (ii) the value of the KEDO Contracts and related inventory shall be fixed at an amount equal to the KEDO Closing Inventory Value for purposes of the Closing Date Balance Sheet.

Closing Date Net Book Value means the amount calculated by subtracting the Assumed Liabilities to the extent included in the liabilities set forth in a balance sheet of the Seller as of the Closing Date from the net book value of the Purchased Assets to the extent included in the assets set forth in the Final Balance Sheet of the Seller as of the Closing Date all determined as provided in Section 2.3 and in accordance with the principles, policies, practices and methodologies set forth on Schedule 2.3 attached hereto.

Closing Date Net Book Value shall be an amount, calculated as set forth in the Closing Schedules, equal to (i) the sum of the Company's total member's capital and intercompany debt, each as of the Closing Date, plus (ii) the sum of the Company's goodwill amortization expense, other intangible amortization expense and depreciation expense during the period beginning November 1, 2000 and ending on the Closing Date.

Filter & Search

Related Definitions