Net Tangible Book Value Threshold definition
Net Tangible Book Value Threshold at any given point in time shall equal the highest fiscal year end Net Tangible Book Value that has been reported by the Company during the period from December 31, 2007 through the determination date. For purposes hereof, “Net Tangible Book Value” shall mean an amount equal to the Company's (a) total assets (net of reserves), minus (b) the sum of (i) intangible assets, including goodwill and any other item treated as an intangible asset under GAAP, (ii) all liabilities and (iii) the par value of preferred stock.
Examples of Net Tangible Book Value Threshold in a sentence
For any fiscal quarter ending during the period from the Closing Date to the date upon which the all Purchased Shares have been redeemed, the Company will not permit the Company's Net Tangible Book Value as reported on the face of the Company’s consolidated statement of financial condition filed quarterly with the SEC to be less than 50% of the Net Tangible Book Value Threshold.