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 the consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP.
Examples of Borrower Net Worth in a sentence
Not permit Borrower Net Worth to be less than an amount equal to the Required Borrower Net Worth.
On the date that financial statements of the Borrower are delivered pursuant to Section 6.1(a)(ii) and effective as of the date of such financial statements, the Required Borrower Net Worth will be recalculated to be the greater of (x) the Required Borrower Net Worth in effect immediately prior to such Fiscal Year end and (y) 60% of the Borrower Net Worth as of such Fiscal Year end, with such recalculated Required Borrower Net Worth taking effect as of such Fiscal Year end.
The Borrower will not permit Borrower Net Worth at the last day of any fiscal quarter of the Borrower to be less than $350,000,000.
The Borrower will not permit Borrower Net Worth at the last day of any fiscal quarter to be less than $250,000,000.
As at the end of each fiscal quarter of the Borrower, Net Worth to be less than $2,000,000,000.
More Definitions of Borrower Net Worth
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, 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.
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 consolidated shareholders’ equity of the Borrower and its Subsidiaries calculated in accordance with GAAP.
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, with respect to the Borrowers, as of any date of determination, the sum, as of such date, of (a) the value of all real property assets owned, directly or indirectly, by the Borrowers (including the Borrowers' interests in BPE and any other Persons which own real property assets, directly or indirectly) other than the value represented in the costs described in clause (c) below, where such value shall be determined by capitalizing GAAP Net Operating Income using a rate of 9.5%, (b) all Cash and Cash Equivalents held by the Borrowers, (c) the aggregate amount of all costs actually incurred by the Borrowers for all construction work or capital repairs made at any of the Projects and Non-Mortgaged Properties (excluding however, any fees or payments made to any Affiliates of the Borrowers) and (d) the value of the equity interests in BPP Retail, LLC indirectly owned by the Key Personnel; LESS, the total outstanding Debt of the Borrowers and its Subsidiaries, in each case as determined according to GAAP.
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.