Adjusted Total Net Assets means, with respect to each Borrower as of any date, (a) the Total Net Assets of such Borrower, minus (b) the sum (without duplication) of the following with respect to such Borrower: (i) the value of all Excluded Assets (but not less than zero), plus (ii) the excess, if any, of (1) the value of all assets (other than Excluded Assets) that are subject to any Lien (other than an Ordinary Course Lien with respect to such Borrower), that are segregated, or that are on deposit to satisfy margin requirements, minus (2) the sum of all Secured Liabilities (excluding, to the extent included therein, liabilities under the Loan Documents) and all Segregated Liabilities.
Adjusted Total Net Assets means, as of any date, an amount equal to the following (without duplication) on such date: (a) Total Net Assets of the Borrower minus (b) the value of all Excluded Assets of the Borrower, minus (c) the excess, if any, of (i) the value of all assets of the Borrower subject to a Lien (other than Liens created under the Loan Documents or referred to in Section 7.2(b), (c), (d) and (e)), or that are otherwise segregated, or are on deposit to satisfy margin requirements, over (ii) the sum of all Secured Liabilities and all Segregated Liabilities of the Borrower.
Adjusted Total Net Assets shall have the meaning set forth in Section 3.5(a).
Examples of Adjusted Total Net Assets in a sentence
Recalculated "Adjusted Total Net Assets" by adding "Prior Day's Total Net Assets" and "Current Day's Capital Stock Activity" for fund total and each class of shares.
Recalculated "Non-Class Specific Expenses - Fund Total" by multiplying "Adjusted Total Net Assets - Fund Total" by the annual accrual rate divided by 365 days and multiplied by the number of days in the accrual period.
Adjusted Total Net Assets ------------------------------------------------------------------------------------------------------------ 5.
More Definitions of Adjusted Total Net Assets
Adjusted Total Net Assets means, as of any date:
Adjusted Total Net Assets means, as of any date (a) Total Net Assets, minus (b) the sum (without duplication) of the following: (i) the Value of all Excluded Assets (but not less than zero), plus (ii) the Excluded Investment Value (but not less than zero), plus (iii) the amount or Value of all declared but unpaid Restricted Payments, plus (iv) the excess, if any, of (1) the Value of all of the Borrower’s assets that are subject to any Lien (other than an Ordinary Course Lien), that are segregated, or that are on deposit to satisfy margin requirements, minus (2) the sum of all Secured Liabilities (excluding, to the extent otherwise included therein, liabilities of the Borrower under the Loan Documents) and all Segregated Liabilities.
Adjusted Total Net Assets means, with respect to the Borrower as of any date, an amount equal to the following on such date: (a) Total Net Assets of the Borrower minus (b) the value of all Excluded Assets of the Borrower, minus (c) the value of all Excluded Securities, minus (d) the excess, if any, of (i) the value of all of the Borrower’s assets that are subject to a Lien (other than Liens referred to in Section 7.2(b), (c), (d), (f) and (g)), or that are otherwise segregated, or that are on deposit to satisfy margin requirements, over (ii) the sum of all Secured Liabilities and all Segregated Liabilities of the Borrower.
Adjusted Total Net Assets means, with respect to each Borrower at any time (a) the Total Net Assets of such Borrower, minus (b) the sum (without duplication) of the following with respect to such Borrower: (i) the value of all Excluded Assets, plus (ii) the amount or value of all declared but unpaid Restricted Payments, plus (iii) the excess, if any, of (1) the value of all assets (other than Excluded Assets) that are subject to any Lien (other than an Ordinary Course Lien with respect to such Borrower), that are segregated, or that are on deposit to satisfy margin requirements, minus (2) the sum of all Secured Liabilities (excluding, to the extent included therein, liabilities under the Loan Documents) and all Segregated Liabilities (excluding, to the extent included therein, liabilities under the Loan Documents).
Adjusted Total Net Assets means, at any time (a) Total Net Assets, minus (b) the sum (without duplication) of the following: (i) the value of all Excluded Assets (but not less than zero), plus (ii) the value of all Excluded Investments (but not less than zero), plus (iii) the amount or value of all declared but unpaid Restricted Payments, plus (iv) the excess, if any, of (1) the value of all of the Borrower’s assets (other than Excluded Assets) that are subject to any Lien (other than an Ordinary Course Lien), that are segregated, or that are on deposit to satisfy margin requirements, minus (2) the sum of all Secured Liabilities (excluding, to the extent otherwise included therein, liabilities of the Borrower under the Loan Documents) and all Segregated Liabilities.
Adjusted Total Net Assets means, as of any date, the following: (a) Total Net Assets, minus (b) the Value of all Excluded Assets, minus (c) the excess, if any, of (i) the Value of all assets of the Borrower subject to any Lien (other than an Ordinary Course Lien), or that are otherwise segregated, or are on deposit to satisfy margin requirements, over (ii) the sum of all Secured Liabilities and all Segregated Liabilities, minus (d) the Ineligible Asset Value.
Adjusted Total Net Assets means, as of any date (a) Total Net Assets, minus (b) the sum (without duplication) of the following: (i) the value of all Excluded Assets (but not less than zero), plus (ii) the excess, if any, of (1) the value of all of the Borrower’s assets (other than Excluded Assets) that are subject to any Lien (other than an Ordinary Course Lien), that are segregated, or that are on deposit to satisfy margin requirements, minus (2) the sum of all Secured Liabilities (excluding, to the extent otherwise included therein, liabilities of the Borrower under the Loan Documents) and all Segregated Liabilities.