Consolidated Net Book Value definition

Consolidated Net Book Value means the unaudited consolidated net common shareholders’ equity of Colonial Financial as of the Determination Date, determined in accordance with GAAP, (i) without giving effect to the after-tax impact of any negative provision (i.e. a credit) for loan and lease losses for the period between June 30, 2014 and the Determination Date, which provision would otherwise have the effect of decreasing the allowance for loan and lease losses, (ii) excluding the effect of expenses incurred by Colonial Financial in connection with this Agreement, including but not limited to the expense related to the payments provided for under Sections 6.15(a) and (b) hereof (subject to a maximum expense of $100,000 for purposes of calculating Consolidated Net Book Value), the expense related to the payments provided for under Section 7.6.4 hereof, and any expenses incurred in connection with any permitted acceleration of vesting for outstanding Colonial Financial Restricted Shares and/or Colonial Financial Stock Options, and (iii) excluding the effect of any changes of accumulated other comprehensive income between June 30, 2014 and the Determination Date.
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Consolidated Net Book Value means the excess of assets over liabilities as shown on the Closing Date Balance Sheet.
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Consolidated Net Book Value means the unaudited consolidated net shareholders’ equity of Peoples as of the Determination Date, determined in accordance with GAAP, but without giving effect to: (A) the after-tax impact of any negative provision for loan and lease losses for the period between March 31, 2015 and the Determination Date, which provision would otherwise have the effect of decreasing the allowance for loan and lease losses; (B) the after-tax impact of any realized gains or losses on securities sold by Peoples after March 31, 2015; (C) accumulated other comprehensive income (loss); (D) expenses paid or incurred by Peoples as of the Determination Date in connection with the Merger contemplated by this Agreement; (E) the after-tax impact of any expenses paid or incurred by Peoples or its Subsidiaries at the request or direction of First Capital in connection with the Merger and the other transactions contemplated by this Agreement, including the amount of earned but unpaid vacation and sick time as set forth on Section 3.10 of the Peoples Disclosure Schedule (as defined in Article III of this Agreement) (for purposes of clarity, any amounts of earned but unpaid vacation time paid in excess of the amount set forth at Section 3.10 of the Peoples Disclosure Schedule shall be deducted from the Consolidated Net Book Value amount); (F) the payment of dividends in accordance with Section 5.04(c)(xxiii) of this Agreement; and (G) the after-tax impact of any operating losses incurred in connection with the operation of the Contingent Assets between the date of this Agreement and the Effective Time to the extent the net proceeds from a sale of the Contingent Assets exceeds $3,750,000. For the avoidance of doubt, net unrealized holding gains and losses on available-for-sale securities, accumulated net gains and losses on cash flow ▇▇▇▇▇▇, cumulative foreign currency translation adjustments and minimum pension liability adjustments shall be excluded from the calculation of Consolidated Net Book Value.
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Examples of Consolidated Net Book Value in a sentence

  • Invoices are considered past due calendar days after the date of invoice at which point past due amounts shall accrue interest at the rate of percent per annum, or the highest amount allowed by applicable law, whichever is greater.

  • The economic impact of such divestitures to Company’s earning shall be quantified and included in the calculation of Closing Consolidated Net Book Value.

  • If the Consolidated Net Book Value shown on the Estimated Balance Sheet exceeds the Minimum Net Book Value, the cash portion of the Purchase Price payable at Closing shall be increased by such amount.

  • If the Consolidated Net Book Value shown on the Closing Date Balance Sheet is less than the Consolidated Net Book Value shown on the Estimated Balance Sheet, Sellers and the Doe Brothers will pay Buyer in cash within five business days an amount equal to such deficit by wire transfer of immediately available funds to an account designated by Buyer.

  • Purchasing Parties shall be responsible for remitting all Taxes due with any Current Return to the extent that the same are accrued on the Closing Date Balance Sheet and are taken into account in determining the Consolidated Net Book Value of RSD.


More Definitions of Consolidated Net Book Value

Consolidated Net Book Value means the excess of assets over liabilities as shown on the Closing Date Balance Sheet (as defined in Section 2.8).
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Consolidated Net Book Value means the excess of the book value of the AJM Assets and THT Assets over the AJM Liabilities and THT Liabilities as shown on the Closing Date Balance Sheet, prepared in accordance with GAAP (except as set forth on the Purchase Price Adjustment Schedule attached to this Agreement) on a basis consistent with the preparation of the Financial Statements, appropriately adjusted to reflect the minority interest in THT, and appropriately adjusted such that no duplicate counting of THT Assets and THT Liabilities, to the extent reflected in AJM Assets and the AJM Liabilities as a result of AJM s investment in THT, shall result.
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Consolidated Net Book Value means the unaudited consolidated net shareholders’ equity of MFC as of the Determination Date, determined in accordance with GAAP, but without giving effect to (i) the after-tax impact of any negative provision for loan and lease losses for the period between September 30, 2014 and the Determination Date, which provision would otherwise have the effect of decreasing the allowance for loan and lease losses, (ii) the after-tax impact of any realized gains or losses on securities sold by MFC or MB after September 30, 2014, (iii) accumulated other comprehensive income (loss) and (iv) expenses paid or incurred by MFC as of the Determination Date in connection with the Contemplated Transactions. For the avoidance of doubt, net unrealized holding gains and losses on available-for-sale securities, accumulated net gains and losses on cash flow ▇▇▇▇▇▇, cumulative foreign currency translation adjustments and minimum pension liability adjustments shall be excluded from the calculation of Consolidated Net Book Value.
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Consolidated Net Book Value means the unaudited consolidated net common shareholders’ equity of FFKY (excluding all equity attributable to preferred stock) as of the Determination Date, determined in accordance with GAAP, but without giving effect to the after tax impact of any negative provision for loan and lease losses for the period between December 31, 2013 and the Determination Date, which provision would otherwise have the effect of decreasing the allowance for loan and lease losses; provided, however, any negative provision resulting from the (i) payoff of, or (ii) a Qualified Collateral Enhancement with respect to, a loan for which a specific allowance for loan and lease losses has been calculated as of December 31, 2013 and which specific allowance is set forth on Disclosure Memorandum Schedule 1.1(y), where the resolution creates a reduction of such specific calculated allowance in excess of the loss actually incurred on the loan, shall be reflected in the Consolidated Net Book Value.
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Related to Consolidated Net Book Value

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Net Assets means the aggregate amount of assets (less applicable reserves and other properly deductible items) after deducting therefrom all current liabilities, as set forth on the Consolidated balance sheet of the Consolidated Group most recently furnished to the Lenders pursuant to Section 5.01(i)(ii) prior to the time as of which Consolidated Net Assets shall be determined.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;