Tangible Book Value. 20___ $_________ (unaudited) Target number of shares of Corporation common stock, $0.10 par value per share, covered by the Performance Award. (subject to adjustment pursuant to Section 9 hereof).
Tangible Book Value. As of the Calculation Date, the Tangible Book Value shall be not less than the Minimum Tangible Book Value.
Tangible Book Value. On the last day of any Test Period ending on or after the last day of the fiscal quarter ending on March 31, 2024, the Borrower shall not permit the TBV Ratio to be less than the ratio set forth below for any such Test Period: September 30, 2025 2.00:1.00 September 30, 2024 December 31, 2025 1.50:1.00 2.00:1.00 March 31, 2024 March 31, 2026 and each fiscal quarter of the Borrower thereafter 2.25:1.00 December 31, 2024 (e) Unrestricted Cash Amount. During any Liquidity Computation Period, the Borrower shall not permit the amount of Unrestricted Cash Amount to be less than $100,000,000 for any day during such Liquidity Computation Period. (f) Darwin Homes Pagaya Parent will maintain no fewer than 7,500 single family homes under management through its Darwin business, tested as of the end of each fiscal quarter of Pagaya Parent starting with the fiscal quarter ending on June 30, 2024. 7.2
Tangible Book Value. (a) Management shall prepare (i) an unaudited consolidated statement of financial condition of GFC as of the Closing Date, (ii) an unaudited consolidated income statement of GFC for the period from January 1, 1997 to the Closing Date, (iii) a schedule calculating tangible book value (the "Value") of GFC as of the Closing Date, which Value shall be based on, and shall be brought forward to the Closing Date from, the tangible book value of GFC as calculated from the audited financial statements for GFC for the period ending December 31, 1996, without giving effect to the Transactions consummated on the Closing Date, and shall set forth the calculation of the Value in reasonable detail. For the avoidance of doubt, Value shall not reflect or give effect to the Interim Dividend or Transaction Expenses, but shall include the Lost Deferred Tax Assets.
Tangible Book Value. 11 Section 5.6 Miscellaneous.................................12
Tangible Book Value. All calculations of Tangible Book Value pursuant to this Article 4 shall be determined as of the Closing, after giving effect to the disposition of all Excluded Loans in accordance with Section 7.9.
Tangible Book Value. For purposes of this Agreement, “
Tangible Book Value. On the last day of any Test Period ending on or after the last day of the fiscal quarter ending on March 31, 2024, the Borrower shall not permit the TBV Ratio to be less than the ratio set forth below for any such Test Period: Fiscal Quarter Ending Minimum TBV Ratio March 31, 2024 1.50:1.00 June 30, 2024 1.50:1.00 September 30, 2024 1.50:1.00 December 31, 2024 1.50:1.00 March 31, 2025 1.50:1.00 June 30, 2025 1.50:1.00 September 30, 2025 2.00:1.00 December 31, 2025 2.00:1.00
Tangible Book Value. The Company on a consolidated basis shall have Tangible Book Value on and as of the Closing Date that is positive or at least zero.
Tangible Book Value. The net tangible book value of the Company's assets as of the Closing, based on generally accepted accounting principles consistently applied and accruing for the costs for the Company to contribute to the qualified plans and then terminate such plans, shall not be less than $50,000. If any receivables transferred hereunder are aged more than 90 days, a reserve for bad debt equal to such receivables shall be recorded.
