Net assets without donor restrictions definition

Net assets without donor restrictions means the excess of total assets over total liabilities that are not restricted by any donor-imposed stipulations
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Net assets without donor restrictions means assets that are not subject to donor-imposed restrictions, or are otherwise available at the sole discretion of the Borrower to pay or be liquidated to pay either operating expenses or the obligations of the Borrower under this Financing Agreement. Assets shall be considered available if their availability is solely dependent on action by the board of directors of the Borrower.
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Examples of Net assets without donor restrictions in a sentence

  • Net assets without donor restrictions may be designated for specific purposes by action of the board of directors.

  • Net assets without donor restrictions may be used at the discretion of the School’s management and/or the Board of Trustees.

  • Accordingly, net assets and changes therein are classified as follows: Net assets without donor restrictions - Net assets not subject to donor-imposed stipulations.

  • Net Assets Presentation Resources for various purposes are classified for accounting and reporting purposes into net asset categories established according to nature and purpose as follows: Net assets without donor restrictions - consist of resources available for the general support of the School’s operations.

  • Net assets without donor restrictions represents resources available for the general support of the Corporation’s activities.

  • Net assets without donor restrictions may be designated for specific purposes by action of the Board of Trustees.

  • Net assets without donor restrictions may be designated for specific purposes by action of the Board of Trustees or may otherwise be limited by contractual agreements with outside parties.

  • Net assets without donor restrictions represent expendable funds available for operations, which are not otherwise limited by donor restrictions.

  • Bank management and staff have two decades‟ experience in applying and implementing the safeguard policies.

  • Net assets without donor restrictions – includes funds having no restriction as to use or purpose imposed by donors.

Related to Net assets without donor restrictions

  • Dealing Restrictions means restrictions imposed by statute, order, regulation or Government directive, or by the Model Code or any code adopted by the Company based on the Model Code and for this purpose the Model Code means the Model Code on dealings in securities set out in Listing Rule 9, annex 1 (of the London Stock Exchange), as varied from time to time;

  • Foreign Restricted Subsidiary means any Restricted Subsidiary that is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • Wholly Owned Restricted Subsidiary of any Person means any Wholly Owned Subsidiary of such Person which at the time of determination is a Restricted Subsidiary of such Person.