Current Tangible Assets means Dealer’s current assets less, to the extent otherwise included therein, all Intangibles. The foregoing terms will be determined in accordance with generally accepted accounting principles consistently applied, and, if applicable, on a consolidated basis.
Current Tangible Assets means Borrower's current assets less, to the extent otherwise included therein, all Intangibles.
Current Tangible Assets means Dealer’s current assets less, to the extent otherwise included therein, all Intangibles and (vi) ‘EBITDA’ means, for any period of calculation, the net income of Dealer before provision for income taxes, interest expense (including without limitation, implicit interest expense on capitalized leases), depreciation and amortization, and after adding back the operating expenses of Premire BPO consolidated under FIN #46 and other Operating Income, excluding therefrom (to the extent included): (A) non-operating gains (including, without limitation, extraordinary or nonrecurring gains and losses, gains and losses from discontinuance of operations and gains and losses arising from the sale of assets other than inventory) during the applicable period; (B) net earnings or losses of any business entity in which Dealer has an ownership interest (other than a wholly owned subsidiary) unless such net earnings shall have actually been received by Dealer in the form of cash distributions; (C) any portion of the net earnings of any subsidiary which for any reason is unavailable for payment of dividends to Dealer; (D) the earnings of any entity to which any assets of Dealer shall have been sold, transferred or disposed of, or into which Dealer shall have merged, or been a party to any consolidation or other form of reorganization, prior to the date of such transaction; (DE) any gain or loss arising from the acquisition or disposition of any securities of Dealer; and (F) non-operating losses arising from the sale of capital assets during such period. All terms used herein to the extent not defined shall be used in accordance with generally accepted accounting principles consistently applied. All amounts, if applicable, shall be calculated on a consolidated basis.” Dealer waives notice of CDF’s acceptance of this Addendum. All other terms and provision of the BFA and AWE, to the extent consistent with the foregoing, are hereby ratified and will remain unchanged and in full force and effect.
Examples of Current Tangible Assets in a sentence
As of the last day of each of Dealer's fiscal quarters, Dealer will have a ratio of Current Tangible Assets to current liabilities of not less than one and one-half to one (1.5:1).
Borrower covenants that it will maintain as of the last day of each fiscal quarter ending on or after March 31, 2000 a ratio of Current Tangible Assets to current liabilities of not less than One and Two-tenths to One (1.2:1.0).
More Definitions of Current Tangible Assets
Current Tangible Assets means Borrower's current assets less, to the extent otherwise included therein, all Intangibles. The foregoing terms will be determined in accordance with GAAP, and on a consolidated basis at Xxxxxxx'x level ("FINANCIAL COVENANTS").
Current Tangible Assets means Guarantor's current assets less, to the extent otherwise included therein, all Intangibles (vi) ‘Funded Debt’ means, the sum of the following, without duplication (1) Dealer's outstanding principal and interest indebtedness to CDF excluding the principal outstanding under Dealer's inventory floorplan credit facility and, (2) Guarantor's aggregate outstanding principal balance of all other indebtedness for borrowed money, including, without limitation, the amount which would have been the aggregage cost of all property leased pursuant to a capital lease if such property would have been purchased rather than leased, but, excluding, (3) Subordinated Debt, and (4) that portion of the outstanding principal balance of Guarantor's Pakistan affiliates' indebtedness for borrowed money up to the amount of such affiliates' interest bearing assets and (vii) ‘EBITDA’ means, net operating income plus depreciation and amortization plus other income as reflected on Guarantor's quarterly consolidated financial statements that have been prepared according to GAAP (“GAAP”). All terms used herein to the extent not defined shall be used in accordance with generally accepted accounting principles consistently applied. All amounts, if applicable, shall be calculated on a consolidated basis (“GAAP”). Dealer waives notice of CDF’s acceptance of this Amendment. All other terms and provision of the BFA and AWF, to the extent consistent with the foregoing, are hereby ratified and will remain unchanged and in full force and effect.
Current Tangible Assets means Dealer's current assets less, to the extent otherwise included therein, all Intangibles.
Current Tangible Assets shall have the meaning set forth in Section 9.3.1.
Current Tangible Assets means Borrower's current assets less, to the extent otherwise included therein, all prepaid expenses and Intangibles; (ii) "Debt" means all of Borrower's liabilities and indebtedness for borrowed money of any kind and nature whatsoever, whether direct or indirect, absolute or contingent, and including obligations under capitalized leases, guarantees, or with respect to which Borrower has pledged assets to secure performance, whether or not direct recourse liability has been assumed by Borrower; (iii) "Intangibles" means and includes general intangibles (as that term is defined in the PPSA); accounts receivable and advances due from officers, directors, member, owner, employees, stockholders and affiliates; leasehold improvements net of depreciation; licenses; good will; prepaid expenses; escrow deposits; covenants not to compete; the excess of cost over book value of acquired assets; franchise fees; organisational costs; finance reserves held for recourse obligations; capitalised research and development costs; and such other similar items as DFS may from time to time determine in DFS' sole discretion; (iii) "Subordinated Debt" means all of Borrower's Debt which is subordinated to the payment of Borrower's liabilities to DFS by an agreement in form and substance satisfactory to DFS; (iv) "Tangible Net Worth" means the book value of Borrower's assets less liabilities (including as liabilities all reserves for contingencies and other potential liabilities), excluding from such assets all Intangibles. The foregoing terms will be determined in accordance with GAAP consistently applied, and, if applicable, on a consolidated basis ("Financial Covenants"). Notwithstanding anything to the contrary above, the Financial Covenants shall be subject to a review of Borrower's June 30, 1998 interim financial statements and upon written notice may be modified, amended or replaced, at the sole and reasonable discretion of DFS, following such review.
Current Tangible Assets means Borrower's current assets less, to the ----------------------- extent otherwise included therein, all Intangibles. The foregoing terms will be determined in accordance with GAAP, and, if applicable, on a consolidated basis ("Financial Covenants").
Current Tangible Assets means Baldxxx'x xxxrent assets less, to the extent otherwise included therein, all Intangibles. The foregoing terms will be determined in accordance with GAAP consistently applied, and, if applicable, on a consolidated basis ("FINANCIAL COVENANTS").