Adjusted Total Assets Sample Clauses

The "Adjusted Total Assets" clause defines how a party's total assets are calculated for the purposes of the agreement, often by specifying certain inclusions or exclusions from the standard asset total. In practice, this clause may require adjustments such as subtracting intangible assets, deducting liabilities, or excluding intercompany balances to arrive at a more accurate or relevant figure. Its core function is to ensure that asset calculations reflect the true financial position of a party, thereby providing a fair and consistent basis for financial covenants, thresholds, or other contractual requirements.