Inventory Impairments

Inventory Impairments. Means the "after-tax" (with the after-tax effect determined in accordance with GAAP) dollar amount of any impairment charges, write-downs, asset write-offs, abandonment charges and deposit forfeitures or write-offs of other pre-acquisition costs and similar amounts and the amortization of intangibles arising pursuant to GAAP, and other similar accruals or expenses, in each case recorded or accrued to or against any asset (including without limitation owned or controlled Land, Units, works in... progress, option contracts and/or other similar items) as of a date that is after November 30, 2007 and before April 1, 2008. 2 View More