Actual Net Worth definition

Actual Net Worth means, as of any applicable date, the amount by which the consolidated total assets of the Company on the applicable date exceed the total liabilities on such date, with total assets and total liabilities calculated in accordance with the Net Worth Methodology.
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Actual Net Worth means the actual net worth of the BHR Group as reflected on a balance sheet for the BHR Group as of the close of business on the Spin-Off Date prepared in accordance with this Section 2.6 and on a basis consistent with, and using the same accounting principles, policies, practices and procedures used in preparing, the Post-Closing Balance Sheet and giving effect to the payment of the estimated Post Closing Settlement Amount (the "Final Post-Closing Balance Sheet").
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Actual Net Worth shall have the meaning set forth in Section 2.4 hereof.
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Examples of Actual Net Worth in a sentence

  • Actual Net Worth" shall mean, as of any applicable date, the amount by which the consolidated total assets of the Company on the applicable date exceed the total liabilities on such date, with total assets and total liabilities calculated in accordance with the Net Worth Methodology.

  • For the purposes of calculating the Actual Net Worth of the Company as of an applicable date, consolidated total assets and total liabilities of the Company shall be prepared in accordance with GAAP on a basis consistent with the Company's historical financial statements (except for the absence of notes).

  • December Net Worth" shall mean $173,476,529, the Actual Net Worth as of December 31, 2003 as reflected on the December Balance Sheet and calculated in accordance with the Net Worth Methodology.

  • The review performed by the Arbitrating Accounting Firm shall be limited to the issues identified in the notice, which issues shall only relate to whether the Actual Net Worth of the POC Companies (including Schlumberger's equity ownership in the Transferred Joint Venture Companies), as shown on the True-Up Balance Sheet, has been calculated correctly based on the principles set forth in the first sentence of SECTION 1.3(d).

  • Closing Date Net Worth" shall mean the Actual Net Worth reflected on the Closing Date Balance Sheet.

  • The Merger Consideration received by the Stockholder pursuant to this Agreement will then be adjusted downward by the amount, if any, by which the "Actual Net Worth" (as hereinafter defined) of the Company at Closing is less than zero (the "Merger Consideration Deduction").

  • Docket No. ER95–1315–000]Take notice that on June 30, 1995, American Electric Power ServiceCorporation (AEPSC), tendered for filing on behalf of Appalachian PowerCompany (APCO): 1) a transmission service agreement (TSA); and 2) an amendment to an electric serviceagreement (ESA) between APCO and the City of Bedford, Virginia (Bedford),previously designated as APCO Rate Schedule FERC No. 121.

  • Sellers shall timely pay to the appropriate taxing authority any Taxes of Company with respect to such periods to the extent such Taxes were not included as a liability in the calculation of Actual Net Worth.

  • Sellers Representative shall set forth in detail in the Net Worth Dispute Notice the basis for its disagreement with the Buyer’s calculation of the Actual Net Worth.

  • The independent accounting firm shall make its determination of the Purchase Price Reduction, if any, and the Actual Net Worth Increase, if any, within thirty(30) days of its selection.


More Definitions of Actual Net Worth

Actual Net Worth has the meaning set forth in Section 7.2(c).
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Actual Net Worth is defined in Section 2.7.1.
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Actual Net Worth means the net worth of the Company determined in accordance with GAAP, as reflected on the Closing Balance Sheet. The Merger Consideration Deduction, if any, shall be returned by the Stockholder to Precept Transportation from the Merger Consideration held in escrow pursuant to Section 7.6 hereof. Such Merger Consideration Deduction shall be made pro rata, based on the amount of assets held in such escrow account. Parent Class A Common Stock will be valued for such purpose at the Closing Date Price.
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Actual Net Worth means the Net Worth as shown on the True-Up Balance Sheet, as adjusted pursuant to SECTION 1.3(c). "Affiliate(s)" means any Person controlling, controlled by, or under common control with, another "Person"; for purposes of this definition (and for such purposes only), "control" shall mean the ownership, directly or indirectly, of 50% or more of the outstanding common stock of a Person.
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Actual Net Worth means the Net Worth of the Companies as of the Closing Date, as determined by the Companies' accountants in accordance with the procedures employed by Jeff Birk in his "Agreed Upon Prxxxxxxxx Report" dated December 31, 1999, but subject to the provisions of Section 2.4.
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Actual Net Worth means the Net Worth as shown on the True-Up Balance Sheet, as adjusted pursuant to Section 1.3(c).
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Related to Actual Net Worth

  • Net Worth means, with respect to any Person, an amount equal to, on a consolidated basis, such Person’s stockholder equity (determined in accordance with GAAP).

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.

  • Effective Tangible Net Worth means the Borrower's stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.e., goodwill, trademarks, patents, copyrights, organization expense, and similar intangible items including, but not limited to, investments in and all amounts due from affiliates, officers or employees).

  • Adjusted Net Worth of any Guarantor shall mean at any time, the greater of (x) $0 and (y) the amount by which the fair saleable value of such Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities, but without giving effect to any of its obligations under this Agreement or any other Loan Documents) on such date.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • Tangible Net Worth means, as of any date, (a) Total Asset Value minus (b) the sum of (i) Consolidated Total Debt and (ii) to the extent included in the calculation of Total Asset Value, goodwill and other intangible assets (other than deferred leasing intangibles).

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to (x) any limits on the number of shares of Common Stock that may be owned by a Holder at any one time, or (y) any additional Underlying Shares that could be issuable as a result of any future possible adjustments made under Section 9(d).

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Adjusted Consolidated Net Worth means, at any date, without duplication, the sum of (a) the consolidated shareholders’ equity, determined in accordance with GAAP, of the Guarantor and its Consolidated Subsidiaries, plus (b) the aggregate Hybrid Instrument Amount plus (c) the VA Adjustment Amount; provided that, in determining such Adjusted Consolidated Net Worth, there shall be excluded (i) any “Accumulated Other Comprehensive Income (Loss)” shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries prepared in accordance with GAAP, (ii) the effect of any election under the fair value option in FASB ASC 825 permitting a Person to measure its financial assets or liabilities at the fair value thereof, and the related tax impact and (iii) all noncontrolling interests (as determined in accordance with Statement of Financial Accounting Standards No. 160, entitled “Noncontrolling Interests in Consolidated Financial Statements”) shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries.

  • Consolidated Adjusted Net Worth means, as of any date of determination thereof, the Consolidated Net Worth less the total amount of all Restricted Investments in excess of 20% of Consolidated Net Worth, each as of such date of determination.

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Adjusted Gross Sales means for either party distributing and selling Product (in this Section the “Selling Party”):

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.