GAAP Net Worth definition

GAAP Net Worth means with respect to any Person at any date, the excess of total assets over total liabilities of such Person on such date, each to be determined in accordance with GAAP consistent with those applied in the preparation of the financial statements referred to in Section 6.1 of this Agreement.

GAAP Net Worth means, for a Parent at any time, such Parent's consolidated stockholders equity, determined in accordance with generally accepted accounting principles ("GAAP"), as of the end of its most recent fiscal quarter. The term "Equity Market Capitalization" means, for a Parent at any time, (x) the aggregate market value of such Parent's outstanding publicly traded equity securities, as of the end of its most recent fiscal quarter (based on the average closing price for the most recent 20 trading days on the principal stock exchange on which such securities are traded) plus (y) the amount of stockholders equity, determined in accordance with GAAP, attributable at such time to any equity securities of such Parent that are not publicly traded. The term "Partnership Investment" means, for a Parent at any time, its investment in the Partnership, determined in accordance with GAAP as of the end of the most recent fiscal quarter. The term "Adjusted Partnership Investment" means, for a Parent at any time, (A) Lyondell's investment in the Partnership, determined in accordance with GAAP as of the end of the most recent fiscal quarter, multiplied by (B) a fraction the numerator of which is the aggregate Percentage Interest at such time of the Partner Subs owned by the Parent whose Partnership Investment is being determined and the denominator of which is the aggregate Percentage Interest at such time of the Partner Subs owned by Lyondell. The term "Percentage Interest" is used as defined in the Partnership Agreement.

GAAP Net Worth means the excess of total assets of Issuer and -------------- its consolidated subsidiaries and Affiliates, if any, over total liabilities of Issuer of it consolidated subsidiaries and Affiliates in accordance with GAAP.

Examples of GAAP Net Worth in a sentence

• Holdings shall not permit the GAAP Net Worth of Holdings and its consolidated Subsidiaries at the end of any Fiscal Quarter, to be less than 70% of the Net Worth of Holdings and its consolidated Subsidiaries as of the Closing Date.

• Minimum Tangible Net Worth: Actual Tangible Net Worth (as of the Determination Date) Required minimum Tangible Net Worth (pursuant to the Agreement) GAAP Net Worth $ Less: Investment in Affiliates ($ ) Loan Receivable – Related Party ($ ) Officer/Employee Receivables ($ ) Goodwill, Other Intangibles, etc.

• At present, Freddie Mac has grown over $45 billion in GAAP Net Worth to withstand the impact of any financial losses as it aims to reach its capital requirements under FHFA’s Enterprise Regulatory Capital Framework (ERCF) capital requirements, which is at a level consistent with its minimum Common Equity Tier 1 capital requirements under ERCF as of 2023.IV.

• Such earn-out payment, if any, is expected to be financed through cash flow generated by the new group and be payable no later than 2017.

• If the GAAP Net Worth of the Company as reflected on the Final Balance Sheet is less than the Projected GAAP Net Worth of the Company as reflected on Schedule 3.5(b) hereto (the “Projected GAAP Net Worth”) then the Final Merger Consideration shall be determined by reducing the Merger Consideration by an amount equal to the difference between the Projected GAAP Net Worth and the GAAP Net Worth as reflected on the Final Balance Sheet.

More Definitions of GAAP Net Worth

GAAP Net Worth means the excess of total assets of Specialty Mortgage Trust, Inc. and its consolidated subsidiaries, if any, over total liabilities of Specialty Mortgage Trust, Inc. in accordance with GAAP.

GAAP Net Worth means the amount equal to a company's shareholders' equity plus minority interest, if any, as determined in accordance with GAAP.

GAAP Net Worth means, at any date, the stockholders' equity that would be reflected on a consolidated balance sheet of the Company and its subsidiaries at such date prepared in accordance with GAAP, inclusive of Preferred Stock, to the extent such Preferred Stock is not included in stockholders' equity in accordance with GAAP.

GAAP Net Worth has the meaning set forth in the definition of "Adjusted Tangible Net Worth".

GAAP Net Worth means, as of any date of determination, the Company's net worth as determined in conformity with generally accepted accounting principals consistently applied.

GAAP Net Worth means, as calculated in accordance with GAAP, the sum of capital stock, plus paid-in capital, plus retained earnings minus treasury stock.

GAAP Net Worth means the Net Worth of the Company on a consolidated basis determined in accordance with GAAP.