Target Net Book Value definition
Examples of Target Net Book Value in a sentence
If the Estimated Closing Net Book Value is less than the Target Net Book Value, the Estimated Purchase Price shall be decreased by the amount of such shortfall.
If Estimated Closing Net Book Value exceeds Net Book Value as of June 30, 1995 (the "Target Net Book Value"), the Estimated Purchase Price shall be increased by the amount of such excess.
Profit reduction means the reduction in Target Net Book Value as presented on the June 1996 Pro Forma Financial Statements, by reason of (i) the return of Product, (ii) the sale of Product for less than $300 per kilogram by Mayacamas, and (iii) commissions paid to Mayacamas, pursuant to the Mayacamas Agreement.
For purposes of this Agreement, "Estimated Net Book Value Adjustment" shall be equal to an amount equal to the Target Net Book Value (as defined below), less the Estimated Net Book Value.
The amount if any by which the Closing Net Book Value is less than the Target Net Book Value is the negative Adjustment Amount.