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;

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.

Net Tangible Equity means on any date, the shareholders equity of the Issuer less

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.

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.

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.

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).

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;

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;