Adjusted Assets definition

Adjusted Assets is a non-GAAP financial measure that means Consolidated Total Assets reduced by assets such as goodwill and intangible assets, right-of-use lease assets and amounts attributed to noncontrolling interests. To the extent that GAAP changes in the future, similar type asset reductions may be needed to address new categories of assets that are not currently in the definition of Consolidated Total Assets.

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Adjusted Assets means any assets owned by the LLC or any of its direct or indirect Subsidiaries that is not treated as a corporation for Tax purposes, and any asset whose Tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset (including, “substituted basis property” within the meaning of Section 7701(a)(42) of the Code).

Adjusted Assets is defined in the recitals of this Agreement.

Examples of Adjusted Assets in a sentence

• The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

• Notwithstanding any provision of this Agreement to the contrary, any TRA Holder may elect with respect to any Exchange to limit the aggregate Tax Benefit Payments made to such TRA Holder in respect of that Exchange to a specified dollar amount, a specified percentage of the amount realized by the TRA Holder with respect to the Exchange, or a specified portion of the Basis Adjustment with respect to the Adjusted Assets as a result of the Exchange.

• The value of each of the Relevant Ships determined in accordance with the provisions of this paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

• Notwithstanding any provision of this Agreement to the contrary, any Unblocked TRA Holder may elect with respect to any Exchange to limit the aggregate Tax Benefit Payments made to such TRA Holder in respect of that Exchange to a specified dollar amount, a specified percentage of the amount realized by the TRA Holder with respect to the Exchange, or a specified portion of the Basis Adjustment with respect to the Adjusted Assets as a result of the Exchange.

• The Borrower will procure that throughout the Loan Period the Total Value Adjusted Assets to Total Liabilities ratio will not fall below 1.5:1.

More Definitions of Adjusted Assets

Adjusted Assets means the following assets owned directly or indirectly by the Issuer:

Adjusted Assets means, for Matrix Bank and at any time, the sum of (a) its cash, (b) its Cash Equivalents, (c) its loans that are not non-residential commercial loans, are evidenced by valid promissory notes, and are secured by mortgages, deeds of trust, or trust deeds that grant perfected first-priority Liens on residential-real property, plus (d) its securities that, in respect of an underlying pool of related mortgage loans, provide for payment by the issuer to the holder of specified principal installments and a fixed-interest rate on the unpaid balance, with all prepayments being passed through to the holder, whether issued in certificate or book-entry form.

Adjusted Assets means any assets owned by HMH B.V. directly or through a chain of Subsidiaries, none of which is treated as a corporation for Tax purposes, and any asset whose Tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset (including, “substituted basis property” within the meaning of Section 7701(a)(42) of the Code).

Adjusted Assets is defined as Total Assets less intangible assets.

Adjusted Assets is defined in the preamble of this Agreement.

Adjusted Assets means, as of any date, with respect to the Company and its Subsidiaries, the sum of (i) consolidated cash and cash equivalents (which shall include for the avoidance of doubt all cash paid to the Members on the Closing Date under Section 3.3(b)(iii)) and (ii) consolidated accounts receivables (which shall include the prorated portion of any management or similar fees earned through the date of determination).

Adjusted Assets means, as of any date of determination, (i) the sum of Inventory Value plus Unrecouped Advance Value plus Tangible Personal Property Value less (ii) Balance Sheet Liabilities.