Net Tangible Equity definition

Net Tangible Equity means on any date, the shareholders equity of the Issuer less goodwill, as per the most recent financial statements prepared in respect of the Issuer;
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Net Tangible Equity means, with respect to any Person as of any date, the Consolidated Equity of such Person as of such date less (without duplication) all Intangible Assets of such Person as of such date.
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Net Tangible Equity means on any date, the shareholders equity of the Issuer less
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Examples of Net Tangible Equity in a sentence

  • For the avoidance of doubt, nothing in this definition shall prejudice or limit the right of the Parent Guarantor or any Restricted Subsidiary to make any adjustment or calculation (whether in relation to Consolidated Indebtedness, Total Assets, the Consolidated Indebtedness to Net Tangible Equity Ratio or otherwise) in accordance with any other term of this Indenture and all applicable metrics described in this definition will be calculated as set forth in Section 1.04.

  • The warranty reserve will be $500,000 in the Closing Date Statement of Net Tangible Equity.

  • Net Tangible Equity to Tangible Assets Ratio This is below the Corporate Plan target for 2010 due to the combination of the above returns.

  • The Closing Date Statement of Net Tangible Equity, as modified by any adjustments determined to be appropriate by the Referee, shall then be the Closing Schedule.

  • The Pre-Closing Balance Sheet, Estimated Pre-Closing Net Tangible Equity, Estimated 1/31 Balance Sheet and Estimated 1/31 Net Tangible Equity shall not be audited, but shall be prepared in accordance with GAAP consistently applied and in a manner consistent with the Financial Statements (provided, that in the event of a conflict between GAAP and the Financial Statements, GAAP shall prevail).

  • To the extent not paid prior to the Calculation Date, any accrued and unpaid Transaction Expenses that were incurred prior to the Calculation Date shall be included in the calculation of Lone Star’s Adjusted Net Tangible Equity.

  • The Final 1/31 Balance Sheet, the Final Pre-Closing Balance Sheet, the Final 1/31 Net Tangible Equity, the Final Pre-Closing Net Tangible Equity, the Additional Holdback Amount and the Holdback Surplus Amount shall not be audited, but shall be prepared in accordance with GAAP consistently applied and in a manner consistent with the Financial Statements (provided, that in the event of a conflict between GAAP and the Financial Statements, GAAP shall prevail).

  • Purchaser and Seller and their respective representatives will jointly determine the time of, and will observe and participate in, all physical inventories taken in connection with the preparation of the Final Balance Sheet and Closing Date Statement of Net Tangible Equity.

  • The same definition of “Net Tangible Equity” shall be used for the calculation of Estimated Pre-Closing Net Tangible Equity, Final Pre-Closing Net Tangible Equity, Estimated 1/31 Net Tangible Equity, and Final 1/31 Net Tangible Equity.

  • Closing Date Net Tangible Equity shall be calculated in accordance with GAAP on a basis consistent with the May 31, 2015 Balance Sheet.


More Definitions of Net Tangible Equity

Net Tangible Equity means the difference of the Company's (i) total assets minus (ii) total liabilities, determined pursuant to the Company's balance sheet as of the Balance Sheet Date (as defined in Section 3.7 hereof), as determined by Buyer's standard audit procedures and after giving effect to (x) all distributions to the Shareholders and (y) the purchase of an errors and omissions (E&O) tail coverage policy as required under Section 6.8 hereof.
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Net Tangible Equity means the tangible assets included in the Purchased Assets reduced by the amount of the Assumed Liabilities, as at the date of determination, determined in accordance with Section 2.5 hereof.
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Net Tangible Equity means, as at a specified date and without duplication, an amount (which may be positive or negative) equal to (a) the Consolidated Tangible Assets minus (b) the Consolidated Liabilities.
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Net Tangible Equity means on any date, the shareholders equity of the Issuer less goodwill, as per the most recent financial statements prepared in respect of the Issuer;“Quarterly Assessment Date” means the last Issuer Business Day of March, June, September and December.“Risk Assets” means Total Assets less Hedging Assets;
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Net Tangible Equity means on any date, the shareholders equity of the Issuer lessgoodwill, as per the most recent financial statements prepared in respect of the Issuer; “Risk Assets” means Total Assets less Hedging Assets;
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Net Tangible Equity shall be used for the calculation of Estimated Pre-Closing Net Tangible Equity, Final Pre-Closing Net Tangible Equity, Estimated 1/31 Net Tangible Equity, and Final 1/31 Net Tangible Equity. Attached hereto as Schedule 2.13 is an estimated balance sheet of the Company as of January 31, 2006 (the “Estimated 1/31 Balance Sheet”), together with a certificate of the Chief Financial Officer of the Company which sets forth the Company’s reasonable, good faith estimates (and reasonably detailed calculation thereof), based on the Estimated 1/31 Balance Sheet, of the Net Tangible Equity of the Company as of January 31, 2006 (such amount, as so estimated, the “Estimated 1/31 Net Tangible Equity”). The “Net Tangible Equity” of the Company, as of any date of calculation, shall equal (i) the net shareholders’ equity of the Company, as set forth on the balance sheet of the Company at such date, less (ii) the carrying value on such balance sheet of the Company’s intangible assets at such date; provided, that, the Net Tangible Equity of the Company as of the Closing Date shall be determined as of immediately prior to the Effective Time, but without regard to the payment of any bonuses by or on behalf of the Company to any of its directors, officers or employees in connection with the transactions contemplated by this Agreement to the extent that such bonuses, in the aggregate, do not exceed the aggregate Option Exercise Cost payable upon the exercise, assumed solely for purposes of this proviso, of all Company Stock Options for cash consideration. The Pre-Closing Balance Sheet, Estimated Pre-Closing Net Tangible Equity, Estimated 1/31 Balance Sheet and Estimated 1/31 Net Tangible Equity shall not be audited, but shall be prepared in accordance with GAAP consistently applied and in a manner consistent with the Financial Statements (provided, that in the event of a conflict between GAAP and the Financial Statements, GAAP shall prevail).
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Related to Net Tangible Equity

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Consolidated Adjusted Net Income means, for any period, the net income (or net loss) of the Company and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP, adjusted to the extent included in calculating such net income or loss by excluding:

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus

  • Consolidated Tangible Assets means, with respect to any Person as of any date, the amount which, in accordance with GAAP, would be set forth under the caption “Total Assets” (or any like caption) on a consolidated balance sheet of such Person and its Restricted Subsidiaries, less all goodwill, patents, tradenames, trademarks, copyrights, franchises, experimental expenses, organization expenses and any other amounts classified as intangible assets in accordance with GAAP.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • Total Asset Value means, as to any Person as of a given date, the sum (without duplication) of all of the following of such Person and its Subsidiaries determined on a consolidated basis in accordance with GAAP applied on a consistent basis and subject to the Ownership Share Adjustment: (a) Unrestricted Cash and Cash Equivalents; plus (b) the quotient of (i) the Net Operating Income for all Properties of such Person (other than Properties subject to clause (c) below) for the fiscal quarter most recently ended multiplied by four (4), divided by (ii) the Capitalization Rate; plus (c) the GAAP book value as of the date of acquisition of Properties acquired during the then current fiscal quarter or the immediately preceding two full fiscal quarters; plus (d) the GAAP book value of all Mortgage Receivables (at the value reflected in the Parent’s consolidated financial statements in accordance with GAAP, as of such date, including the effect of impairment charges); plus (e) the current GAAP book value of all Development Properties; plus (e) the current GAAP book value of Unimproved Land. Such Person’s Ownership Share of assets held by non-Wholly Owned Subsidiaries and Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in the calculation of Total Asset Value consistent with the above described treatment for wholly-owned assets. Notwithstanding the foregoing, for purposes of determining Total Asset Value, (A) to the extent the amount of Total Asset Value attributable to Properties owned by non-Wholly Owned Subsidiaries and Unconsolidated Affiliates would exceed 10% of the aggregate Total Asset Value at any time, such excess shall be excluded; (B) to the extent the amount of Total Asset Value attributable to Unimproved Land would exceed 5% of the aggregate Total Asset Value at any time, such excess shall be excluded; (C) to the extent the amount of Total Asset Value attributable to Development Properties would exceed 15% of the aggregate Total Asset Value at any time, such excess shall be excluded; (D) to the extent the amount of Total Asset Value attributable to Mortgage Receivables would exceed 10% of the aggregate Total Asset Value at any time, such excess shall be excluded; (E) to the extent the amount of Total Asset Value attributable to Properties leased under an Eligible Ground Lease would exceed 5% of the aggregate Total Asset Value at any time, such excess shall be excluded; and (F) to the extent the aggregate value attributable to the immediately preceding clauses (A), (B), (C), (D) and (E) would exceed 30% of the aggregate Total Asset Value at any time, such excess shall be excluded.

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.