Consolidated Net Asset Test definition

Consolidated Net Asset Test means (a) the Fair Market Value of the consolidated assets of the Liberty Subsidiaries (other than any Subsidiaries) minus (b) the consolidated Indebtedness of the Liberty Subsidiaries (other than any Subsidiaries) (the result of (a) minus (b), the “Consolidated Net Assets”) equals at least $3.0 billion.
Sample 1Sample 2Sample 3
Consolidated Net Asset Test means (a) the Fair Market Value of the consolidated assets of the Loan Parties minus (b) the consolidated Indebtedness of the Loan Parties shall be greater than the lesser of an amount equal to (x) five times the principal amount of the outstanding Advances (including any PIK Amounts) and (y) $50,000,000.
Sample 1

Related to Consolidated Net Asset Test

  • 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 Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • 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.

  • 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.