Borrower Net Worth means, as of any date of determination, (a) Total Assets as of such date minus (b) the sum of (i) Total Assets Concentration Limitation as of such date plus (ii) Total Secured Debt as of such date.
Borrower Net Worth means, as of any date of determination, the sum of (a) the consolidated shareholders equity of the Borrower and its Subsidiaries calculated in accordance with GAAP, plus, without duplication, (b) any preferred shares of the Borrower issued to Persons other than a Subsidiary which are not mandatorily redeemable before the Maturity Date.
Borrower Net Worth means, as of any date of determination, (a) Total Assets as of such date minus (b) the sum of (i) Total Asset Concentration Limitation as of such date plus (ii) Total Secured Debt as of such date.
Examples of Borrower Net Worth in a sentence
The Borrower will not permit Borrower Net Worth at the last day of any fiscal quarter to be less than $250,000,000.
More Definitions of Borrower Net Worth
Borrower Net Worth means the consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP.
Borrower Net Worth means, as of any date of determination, the sum of (a) the consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP, plus, without duplication, (b) any preferred shares of the Borrower issued to Persons other than a Subsidiary which are not mandatorily redeemable before the LC Expiration Date. For purposes of determining Borrower Net Worth, the amount of unrealized appreciation (depreciation) on available for sale investments shown on the Borrower’s statement of changes in shareholder’s equity under the caption “Accumulated other comprehensive income (loss)” will be excluded.
Borrower Net Worth means the aggregate of the amounts paid up or credited as paid up on the issued share capital of the Borrowers and the aggregate amount of capital and revenue reserves of the Borrowers, including:-
Borrower Net Worth means the sum of (a) the shareholders equity, calculated in accordance with GAAP, plus (b) the outstanding 8.54% Mandatorily Redeemable Capital Securities issued by RenaissanceRe Capital Trust I in March, 1997, plus (c) any other preferred shares of the Borrower issued to Persons other than a Subsidiary which are not mandatorily redeemable before the Commitment Termination Date.
Borrower Net Worth means, as of any date of determination, the consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP.
Borrower Net Worth means, as of any date of determination, the sum of (a) the consolidated shareholders equity of the Borrower and its Subsidiaries
Borrower Net Worth means, as of any date of determination, the sum of (a) the consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP, plus, without duplication, (b) any preferred shares of the Borrower issued to Persons other than a Subsidiary which are not mandatorily redeemable before the LC Expiration Date, plus, (c) the difference (whether positive or negative and net of any tax impact (to be calculated using the income tax rate for the prior fiscal year)) between (i) the amortized cost of fixed maturity investments trading, and (ii) the fair market value of such fixed maturity investment trading. For purposes of determining Borrower Net Worth, the amount of unrealized appreciation (depreciation) on available for sale investments shown on the Borrower’s statement of changes in shareholder’s equity under the caption “Accumulated other comprehensive income (loss)” will be excluded.