Net Fixed Assets definition

Net Fixed Assets means, as of any date of determination, the net property, plant and equipment of the Consolidated Companies determined in accordance with GAAP and as reflected on the balance sheet of Intermet.

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Net Fixed Assets means, as of any date of determination, the cost of fixed assets of the Borrower and its Subsidiaries minus depreciation expense incurred with respect thereto as of such date of determination, determined on a consolidated basis in accordance with GAAP.

Net Fixed Assets. ‌ means cost of Fixed Assets less Depreciation calculated in accordance with Section B of Schedule 2.‌

Examples of Net Fixed Assets in a sentence

The basic formula is as follows: FAT = (Fixed Assets / Total Assets) or Annual Sales / Net Fixed Assets The fixed asset turnover can vary substantially from industry to industry.
Net Fixed Assets means all tangible property (real and personal), equipment and improvements of the Borrower, net of accumulated depreciation and amortization, which would appear as such on a consolidated balance sheet of the Borrower prepared at such time in accordance with generally-accepted accounting principles.
Within 45 days after the Closing Date, Buyer shall cause Ernst & Young LLP to prepare and deliver to Seller (A) a balance sheet of the Business dated as of the Closing Date ("Closing Statement"), utilizing the books and records of the Business, and (B) a certificate, signed by an officer of Buyer, setting forth Buyer's calculations of the Working Capital Adjustment, Net Fixed Assets Adjustment and the Closing Adjustment.
Deprec.) (11,552) (12,189) (12,880) (13,597) -------- -------- -------- -------- Net Fixed Assets 7,080 7,943 7,752 7,535 Intangible Assets - Net 8,792 8,522 8,252 7,982 Total Assets $ 24,529 $ 23,815 $ 23,475 $ 23,509 ======== ======== ======== ======== LIABILITIES Revolving Line of Credit $ 8,996 $ 9,246 $ 8,896 $ 8,696 Accounts Payable 1,818 1,645 2,187 2,457 Curr.
The "Net Fixed Assets of the Business" shall be the plant, property, equipment and leasehold improvements of the Business as determined by the Company in accordance with past practices of the Company and consistent with the books and records of the Company.

More Definitions of Net Fixed Assets

Net Fixed Assets means at any time, with respect to a Primary Obligor the aggregate net book value of such Primary Obligor’s fixed assets, in each case as determined in accordance with GAAP and by reference to the most recent financial statements for such Primary Obligor delivered under Clause 19.1(a) or (b) (Financial Statements).

Net Fixed Assets. The excess, as to any corporation of (1) the value as reflected on the books of account of such corporation of Fixed Assets, taken at their cost, over (2) the value at such date of all depreciation, amortization, retirement and other valuation reserves with respect thereto, as determined in accordance with generally accepted accounting principles consistently applied.

Net Fixed Assets means the fixed assets of Seller, net of accumulated depreciation, as determined in accordance with GAAP.

Net Fixed Assets means the net fixed assets of the Borrower or any of the Borrower’s Domestic Subsidiaries that are Loan Parties as reported on the Borrower’s financial statements, including, without limitation, computer software and equipment, website development, telephone system, machinery and equipment, and furniture and fixtures. The value to be reported pursuant to Section 6.02(o) shall be based on the gross book value of each of these assets less the accumulated depreciation of each asset.

Net Fixed Assets means the consolidated net book value of all fixed assets of Borrower determined in accordance with GAAP.

Net Fixed Assets shall refer to the building, land, equipment, furniture, fixtures and vehicles of the Borrower required by GAAP to be listed as Property and Equipment on the Borrower's balance sheet less accumulated depreciation.