Maximum Net Worth has the meaning specified in Section 17.8(b).
Maximum Net Worth means, with respect to any Guarantor, the greatest of the Net Worths calculated as of the following dates: (A) the date of which the Guarantor becomes a Guarantor hereunder, (B) the date on which such Guarantor expressly reaffirms its Subsidiary Guarantee, (C) the date on which demand for payment is made on such Guarantor hereunder, (D) the date on which payment is made by such Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof. The meaning of the terms "fair valuation" and "fair salable value" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of any Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth means, with respect to any Guarantor, the greatest of the Net Worth calculated as of the following dates: (A) the date of which the Guarantor becomes a Guarantor hereunder, (B) the date on which such Guarantor expressly reaffirms its Subsidiary Guarantee, (C) the date on which demand for payment is made on such Guarantor hereunder, (D) the date on which payment is made by such Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof. The meaning of the terms “fair valuation” and “fair salable value” and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of any Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Examples of Maximum Net Worth in a sentence
Settlement risk is the loss exposure arising when a federal banking entity’s counterparty fails to make a payment when due.
More Definitions of Maximum Net Worth
Maximum Net Worth have the meanings specified in Section 12.08.
Maximum Net Worth means, with respect to any Subsidiary Guarantor, the greatest of the Net Worth calculated as of the following dates: (A) the date on which the Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder, (B) the date on which such Subsidiary Guarantor expressly reaffirms the Subsidiary Guarantee, (C) the date on which demand for payment is made on such Subsidiary Guarantor hereunder, (D) the date on which payment is made by such Subsidiary Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Subsidiary Guarantor to make payment hereunder or in respect hereof. The meaning of the terms "fair valuation" and "fair salable value" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Federal Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth as defined in Section 7.3.
Maximum Net Worth means, with respect to any Obligor, the greatest of the Net Worths of such Obligor calculated as of the following dates: (A) the date on which such Person becomes an Obligor and (B) each date on which such Obligor expressly reaffirms this Guaranty. Each Guarantor shall be deemed to expressly reaffirm this Guaranty upon each borrowing of a Loan. The meaning of the terms “fair valuation” and “fair saleable value” and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth is defined in Section 11.03(b). "Net Available Cash" from an Asset Disposition or Event of Loss means payments of cash or cash equivalents received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any consideration received in the form of assumption by the acquiring person of Senior Indebtedness of the Company or Indebtedness of any Restricted Subsidiary) therefrom, in each case net of (i) all legal, title and recording tax expenses, commissions and other fees and expenses incurred, and all Federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing arrangements), as a consequence of such Asset Disposition or Event of Loss, (ii) all payments made on any Indebtedness which is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets permitted hereunder, or any Indebtedness (other than Subordinated Obligations) which must by applicable law be repaid out of the proceeds from such Asset Disposition, (iii) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition or Event of Loss and (iv) the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by the Company or any Restricted Subsidiary after such Asset Disposition. "Net Cash Proceeds," with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof. "Net Worth" is defined in Section 11.03(b). "Non-Payment Default" is defined in Section 10.02(b). "Non-Recourse FF&E Financing" means Indebtedness of the Company or any Restricted Subsidiary (i) that is Incurred to finance the acquisition or lease after the Issue Date of newly acquired or leased FF&E used in the operation of any Gaming Establishment owned or leased by the Company or its Restricted Subsid...
Maximum Net Worth means the sum of (i) negative $63,000,000 plus (ii) the amount of any deferred tax benefit (if a positive number) available to Borrower as a result of the transfer to any Restricted Person of the assets described in Schedule 1 to the Borrower Security Agreement."
Maximum Net Worth means, with respect to any ----------------- Guarantor, the greatest of the Net Worths of such Guarantor calculated as of the following dates: (A) the date on which such Person becomes a Guarantor, (B) the date on which such Guarantor expressly reaffirms this Guaranty or the other guaranty to which it is a party, (C) the date on which demand for payment is made on such Guarantor hereunder or under such other guaranty, (D) the date on which payment is made by such Guarantor hereunder or thereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof or under or in respect of such other guaranty. The meaning of the terms "fair valuation" and "fair saleable value" -------------- ------------------- and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.