Net Book Value

Net Book Value. The book value net of any associated allowance, reserve or other contra-asset account, as reflected in the applicable HSBC Seller's books and records, determined in accordance with GAAP consistently applied; provided, however, that no Federal, state, local, or foreign income tax assets or tax liabilities shall be reflected; provided, further, that for purposes of the Closing Payment the Net Book Value of fixed assets shall reflect the depreciation of such fixed assets in accordance with GAAP,... consistently applied, until the Closing Date, as if held-for-sale accounting treatment with respect to such fixed assets did not apply, regardless of the treatment of such fixed assets on the applicable HSBC Seller's books and records. View More

Net Book Value. With respect to a particular Contract, as of the date of determination, the sum of the following amounts: (i) all accrued and unpaid Assigned Rental Payments due under the Contract; plus (ii) the remaining Assigned Rental Payments scheduled to become due during the remainder of the term of the Contract, with each such remaining scheduled Assigned Rental Payment discounted to its present value from the due date thereof to the date of determination at the applicable Standard Rate; plus (iii) any... property, sales or use taxes paid by, or required to be paid by, Buyer with respect to any Equipment subject to such Contract ('Reimbursable Taxes'); provided, however, that Reimbursable Taxes shall not be included in the calculation of Net Book Value to the extent that (A) such Reimbursable Taxes have been reimbursed or collected by Buyer from any Customer or otherwise or (B) Buyer is in breach of its obligations to provide Administrative Services with respect to such Reimbursable Taxes View More

Net Book Value. With respect to a particular Contract, as of the date of determination, the sum of the following amounts: (i) all accrued and unpaid Assigned Rental Payments due under the Contract; plus (ii) the remaining Assigned Rental Payments scheduled to become due during the remainder of the term of the Contract, with each such remaining scheduled Assigned Rental Payment discounted to its present value from the due date thereof to the date of determination at the applicable Standard Rate