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

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

  • 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).

  • All calculations of Estimated Net Tangible Equity and the License Fee shall be accompanied by a certificate of the Companies certifying that such estimates have been calculated in good faith in accordance with this Agreement.

  • For purposes of this Agreement, (i) the term “Holdback Escrow Fund” shall have the meaning ascribed to such term in the Expense Fund Escrow Agreement and (ii) the term “Estimated Net Tangible Equity Shortfall” shall mean the excess (if any) of the Estimated Net 1/31 Tangible Equity over the Estimated Pre-Closing 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.

  • 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.

  • Net Tangible Equity Capital is defined as total equity capital less any intangible assets, measured at the end of each calendar quarter, beginning 12/31/09.

  • The outstanding balance of the loan will at no time exceed 10% of the Net Tangible Equity Capital of Home Federal Bank.

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

  • 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”).


More Definitions of Net Tangible Equity

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 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 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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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 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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Related to Net Tangible Equity

  • Consolidated Net Tangible Assets means the total assets of the Company and its Restricted Subsidiaries (less applicable depreciation, amortization, and other valuation reserves), less all current liabilities (excluding intercompany liabilities) and all intangible assets of the Company and its Restricted Subsidiaries, all as set forth on the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries, prepared in accordance with GAAP.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Adjusted Consolidated Net Income means, for any period, the aggregate net income (or loss) of the Company and its Restricted Subsidiaries for such period determined in conformity with GAAP; provided that the following items shall be excluded in computing Adjusted Consolidated Net Income (without duplication): (i) the net income of any Person that is not a Restricted Subsidiary, except to the extent of the amount of dividends or other distributions actually paid to the Company or any of its Restricted Subsidiaries by such Person during such period; (ii) solely for the purposes of calculating the amount of Restricted Payments that may be made pursuant to clause (C) of the first paragraph of Section 4.04 (and in such case, except to the extent includable pursuant to clause (i) above), the net income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the Company or any of its Restricted Subsidiaries or all or substantially all of the property and assets of such Person are acquired by the Company or any of its Restricted Subsidiaries; (iii) the net income of any Restricted Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such net income is not at the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Restricted Subsidiary; (iv) any gains or losses (on an after-tax basis) attributable to Asset Sales; (v) except for purposes of calculating , the amount of Restricted Payments that may be made pursuant to clause (C) of the first paragraph of Section 4.04, any amount paid or accrued as dividends on Preferred Stock of the Company or any Restricted Subsidiary owned by Persons other than the Company and any of its Restricted Subsidiaries; and (vi) all extraordinary gains and extraordinary losses (on an after-tax basis).

  • Consolidated Total Asset Value means, at a given time, the sum (without duplication) of all of the following of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP applied on a consistent basis: (a) Unrestricted Cash; plus (b) the quotient of (i) the Net Operating Income for each Property owned, or leased as lessee under a ground lease, by the Borrower or any Subsidiary (including any 1031 Property but excluding a Property the value of which is included in the determination of Consolidated Total Asset Value under any of the immediately following clauses (c) or (e)), for the fiscal quarter most recently ended multiplied by 4, divided by (ii) the applicable Capitalization Rate; plus (c) the acquisition cost of Properties (including any 1031 Property) acquired during the period of six fiscal quarters most recently ended; provided that the Borrower may irrevocably elect that the value of a recently acquired Property not yet owned for six quarters be determined in accordance with the preceding clause (b); plus (d) all Construction-in-Process for all Development Properties; plus (e) the aggregate Major Redevelopment Property Values of all Major Redevelopment Properties; plus (f) the GAAP book value of Unimproved Land; plus (g) the contractual purchase price of Properties of the Borrower and its Subsidiaries subject to purchase obligations, repurchase obligations, forward commitments and unfunded obligations but only to the extent such amounts are included in determinations of Consolidated Total Indebtedness; plus (h) Marketable Securities, valued at the lower of cost or Fair Market Value (to the extent that the Fair Market Value of such Marketable Securities is reasonably capable of being verified or is otherwise acceptable to the Administrative Agent); plus (i) the aggregate book value of Mortgage Receivables. The Borrower’s Ownership Share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a) and (h)) will be included in the calculation of Consolidated Total Asset Value consistent with the above described treatment for wholly owned assets. Properties disposed of during the fiscal quarter most recently ended shall not be included in the calculation of Consolidated Total Asset Value. Other Commercial Properties may only contribute to Consolidated Total Asset Value to the extent applicable under clause (c) above. In addition, to the extent (A) the amount of Consolidated Total Asset Value attributable to assets held by Unconsolidated Affiliates would exceed 20.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value and (B) the amount of Consolidated Total Asset Value attributable to Marketable Securities, Development Properties, Major Redevelopment Properties, Unimproved Land and Mortgage Receivables would exceed 30.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value.

  • Consolidated Tangible Assets means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks and other assets 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 of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.