Actual Net Book Value

Actual Net Book Value. Means an amount equal to: (i) the book value of the Personal Property listed on Schedule B, plus (ii) the cost of any items of Personal Property acquired by Seller in the Ordinary Course of Business after the Effective Date and prior to the Closing Date exclusively in connection with the operation of the Business, plus (iii) the value of the Inventory as of the Closing Time (valued at average cost, determined in a manner consistent with Seller's... internal operating statements for the period ending as of the last day of the last calendar month ended prior to the Effective Date, without further adjustment to market value), plus (iv) the value of the Receivables as of the Closing Time (valued at Seller's book value before deduction for allowance of doubtful accounts, determined in accordance with generally accepted accounting principles consistently applied in accordance with Seller's past practices), plus (v) outstanding deposits as of the Closing Time on all Contracts, plus (vi) prepaid expenses (other than prepaid insurance premiums) as of the Closing Time in connection with the operation of the Business, plus (vii) the value of notes receivable arising out of the operation of the Business and outstanding on the Closing Time (valued at Seller's net book value, determined in accordance with generally accepted accounting principles consistently applied in accordance with Seller's past practices). View More