Consolidated Effective Tangible Net Worth definition

Consolidated Effective Tangible Net Worth means, as of any date of determination, the result of (a) Borrowers' and Subsidiaries consolidated total stockholder's equity, minus (b) the sum of (i) all Intangible Assets of Borrowers and Subsidiaries, and (ii) all amounts due to Borrowers from Affiliates (other than Subsidiaries).
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Consolidated Effective Tangible Net Worth means, as of any date of determination, the result of (a) Borrower's consolidated total stockholder's equity, minus (b) the sum of (i) all Intangible Assets of Borrower, and (ii) all amounts due to Borrower from Affiliates.
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Consolidated Effective Tangible Net Worth means Consolidated Tangible Net Worth plus the outstanding principal amount of Subordinated Indebtedness.
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Examples of Consolidated Effective Tangible Net Worth in a sentence

  • At any time, permit the ratio of Consolidated Debt to Consolidated Effective Tangible Net Worth to be greater than 1.0 to 1.0.

  • Pursuant to Section 5.20(b) of the Purchase Agreement, as of the Reporting Date, the Company’s Consolidated Effective Tangible Net Worth of $_______ was not less than its Base Tangible Net Worth of $________, which ¨ satisfies ¨ does not satisfy the requirement set forth in Section 5.20(b).

  • The Borrowers will not permit its Consolidated Effective Tangible Net Worth to be less than a negative $ 750,000.00, tested at the end of each fiscal quarter, beginning with the quarter ending March 31, 2008.

  • The Borrowers will not permit its Consolidated Effective Tangible Net Worth to be less than a negative $ 750,000.00 for the quarter ending March 31, 2009, or less than $ 700,000.00 for the quarter ending June 30, 2009, and each quarter thereafter, tested at the end of each fiscal quarter, beginning with the quarter ending March 31, 2009.

  • The Company will maintain (a) at the end of each fiscal quarter a ratio of Consolidated Unsubordinated Liabilities to Consolidated Effective Tangible Net Worth of not greater than 1.25 to 1 and (b) at the end of each fiscal year a ratio of Consolidated Unsubordinated Liabilities to Consolidated Effective Tangible Net Worth of not greater than .85 to 1.

  • The Company will maintain at the end of each fiscal quarter a ratio of Consolidated Unsubordinated Liabilities to Consolidated Effective Tangible Net Worth of not greater than 1.25 to 1.

  • Permit the Consolidated Effective Tangible Net Worth of the Borrower as of any date to be less than $8,500,000.

  • At any time, permit the ratio of Consolidated Debt to Consolidated Effective Tangible Net Worth to be greater than 0.9 to 1.0.

  • On the Computation Date, the Consolidated Effective Tangible Net Worth, which is required to be not less than the Base Tangible Net Worth, was $__________, as computed in the supporting documents attached hereto as Schedule 2.

  • Maintain at the end of each Fiscal Quarter, other than the fourth such Fiscal Quarter of the Fiscal Year, a ratio of Consolidated Unsubordinated Liabilities to Consolidated Effective Tangible Net Worth of not greater than 1.5 to 1 and maintain at the end of each Fiscal Year a ratio of Consolidated Unsubordinated Liabilities to Consolidated Effective Tangible Net Worth of not greater than 1.25 to 1.


More Definitions of Consolidated Effective Tangible Net Worth

Consolidated Effective Tangible Net Worth means, on the date of determination, the sum of Consolidated Total Assets, including, without limitation, prepaid and deferred charges and software costs capitalized in accordance with Generally Accepted Accounting Principles applied on a consistent basis, MINUS (a) Consolidated Total Liabilities, and (b) all intangible assets, including, without limitation, organizational expenses, patents, trademarks, copyrights, goodwill, covenants not to compete, research and developmental costs and training costs.
Sample 1
Consolidated Effective Tangible Net Worth means, as at any date of determination, an amount equal to (a) the Consolidated Net Worth of the Borrower and its Subsidiaries plus (b) Subordinated Debt minus (c) an amount equal to the book value of the Borrower's interest in the joint ventures between the Borrower and United Microelectronics Corporation reflected on the consolidated balance sheet of the Borrower and its Subsidiaries as at June 30, 1997.
Sample 1
Consolidated Effective Tangible Net Worth means, as of any date of determination for any Person, the (i) total assets of such Person and its Subsidiaries as of such date, other than Affiliate Note Receivables and assets which would be treated as intangible assets for balance sheet presentation purposes under GAAP, including without limitation goodwill, trademarks, tradenames, copyrights, patents and technologies, and unamortized debt discount and expense, minus (ii) total liabilities of such Person and its Subsidiaries as of such date (other than Indebtedness of such Person that is expressly subordinated in right of payment and performance to the Obligations on terms reasonably satisfactory to the Bank), in each case determined on a consolidated basis in accordance with GAAP.
Sample 1
Consolidated Effective Tangible Net Worth means as of any date of determination, the result of the Company’s Consolidated total stockholders equity minus the sum of all intangible assets of the Company and its Consolidated Subsidiaries and all amounts due to Borrowers from Affiliates, determined on a Consolidated basis in accordance with GAAP.
Sample 1

Related to Consolidated Effective Tangible Net Worth

  • 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.

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus (ii) one percent (1%) of the amount of Servicer's servicing portfolio, as determined by the Master Servicer in the Master Servicer's reasonable discretion.

  • 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.

  • Tangible Net Worth is, on any date, the consolidated total assets of Borrower and its Subsidiaries minus, (i) any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, Patents, trade and service marks and names, Copyrights and research and development expenses except prepaid expenses, and (c) reserves not already deducted from assets, and (ii)

  • 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.

  • Consolidated Net Tangible Assets means the total assets of the Company and its Restricted Subsidiaries (less applicable depreciation, amortization, and other valuation reserves), less all current liabilities (excluding intercompany liabilities) and all intangible assets of the Company and its Restricted Subsidiaries, all as set forth on the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries, prepared in accordance with GAAP.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Tangible Assets means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks and other assets classified as intangible assets in accordance with GAAP.

  • Consolidated Secured Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Consolidated EBITDAX means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Consolidated EBIT means, for any period, the Consolidated Net Income before interest income, Consolidated Interest Expense and provision for taxes and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Net Worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.