Net Worth Amount definition

Net Worth Amount has the meaning set forth in Section 6.17(a) hereof.

Net Worth Amount has the meaning set forth in Section 6.20(a) hereof.

Net Worth Amount means (i) the total assets of the Company (such assets excluding the Commitment and any unfunded amounts thereof) as reflected on the balance sheet of the Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP, less (ii) the total liabilities of the Company (such liabilities excluding any obligation in respect of any capital stock of the

Examples of Net Worth Amount in a sentence

• Permit Consolidated Tangible Net Worth as of the last day of the applicable fiscal quarter of the Borrower to be less than 60% of the Target Net Worth Amount, in the case of the first and second fiscal quarters of the Borrower during each fiscal year and 70% of the Target Net Worth Amount in the case of the third and fourth fiscal quarters of the Borrower during each fiscal year.

• The Enterprise and Treasury agree that, in addition to any adjustments required by Sections 2(b) and 8(b)(iii) of the Certificate, on September 30, 2019, and at the end of each fiscal quarter thereafter, the Liquidation Preference shall be increased by an amount equal to the increase in the Net Worth Amount, if any, during the immediately prior fiscal quarter, until such time as the Liquidation Preference shall have been increased by $22,000,000,000 pursuant to this sentence.

• Maintain, on a consolidated basis with respect to Borrower and its Subsidiaries: (1) Prior to the occurrence of the Akamai Event, to be tested as of the last day of each quarter, a Tangible Net Worth of at least the Required Tangible Net Worth Amount.

• Maintain, on a consolidated basis with respect to Borrower and its Subsidiaries, through and including September 30, 2016: (1) Prior to the occurrence of the Akamai Event, to be tested as of the last day of each quarter, a Tangible Net Worth of at least the Required Tangible Net Worth Amount.

More Definitions of Net Worth Amount

Net Worth Amount means (i) the total assets of the Company (such assets excluding the Commitment and any unfunded amounts thereof) as reflected on the balance sheet of the Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP, less (ii) the total liabilities of the Company (such liabilities excluding any obligation in respect of any capital stock of the Company, including this Certificate), as reflected on the balance sheet of the Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP. “Applicable Capital Reserve Amount” means, as of any date of determination, for each Dividend Period from January 1, 2013, through and including December 31, 2013, $3,000,000,000; and for each Dividend Period occurring within each 12-month period thereafter, $3,000,000,000 reduced by an equal amount for each such 12-month period through and including December 31, 2017, so that for each Dividend Period from January 1, 2018, the Applicable Capital Reserve Amount shall be zero. For the avoidance of doubt, if the calculation of the Dividend Amount for a Dividend Period does not exceed zero, then no Dividend Amount shall accrue or be payable for such Dividend Period.

Net Worth Amount means, $5 million.

Net Worth Amount means the aggregate amount of the Purchased Assets less the aggregate amount of the Assumed Liabilities as set forth on the Closing Balance Sheet.

Net Worth Amount means, with respect to the Company or either Company Subsidiary, the positive or negative number calculated as (a) the total assets of such Person reduced by (b) the total liabilities of such Person, calculated in each case in accordance with the Applicable Accounting Principles; provided, however, that in calculating the Net Worth Amount of the Company, the Net Worth Amounts of the Company Subsidiaries shall be excluded to the extent that the Net Worth Amounts of the Company Subsidiaries would otherwise be included in the Net Worth Amount of the Company on a GAAP basis.

Net Worth Amount means Adjusted Tangible Net Worth less Subordinated Debt.

Net Worth Amount. Defined in the Fee Letter.

Net Worth Amount means (i) the total assets of the Company (such assets excluding the Commitment and any unfunded amounts thereof) as reflected on the balance sheet of the Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP, less (ii) the total liabilities of the Company (such liabilities excluding any obligation in respect of any capital stock of the Company, including this Certificate), as reflected on the balance sheet of the Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP. “Applicable Capital Reserve Amount” means, as of any date of determination, (A) for each Dividend Period from January 1, 2013, through and including December 31, 2013, $3,000,000,000; (B) for each Dividend Period occurring within each 12-month period thereafter, through and including December 31, 2017, $3,000,000,000 reduced by $600,000,000 for each such 12-month period, so that for each Dividend Period from January 1, 2017, through and including December 31, 2017, the Applicable Capital Reserve Amount shall be $600,000,000; (C) for each Dividend Period from January 1, 2018, through and including June 30, 2019, $3,000,000,000; and (D) for each Dividend Period from July 1, 2019, and thereafter, $20,000,000,000. Notwithstanding the foregoing, for each Dividend Period from January 1, 2018, and thereafter, following any Dividend Payment Date with respect to which the Board of Directors does not declare and pay a dividend or declares and pays a dividend in an amount less than the Dividend Amount, the Applicable Capital Reserve Amount shall thereafter be zero. For the avoidance of doubt, if the calculation of the Dividend Amount for a Dividend Period does not exceed zero, then no Dividend Amount shall accrue or be payable for such Dividend Period. For the avoidance of doubt, following the amendment or replacement of the Certificate as provided in this letter agreement, Section 2 of the Certificate, as amended hereby, shall be deemed for purposes of Section 3.2(d) of the Agreement to be in form and content substantially the same as the form and content of the Senior Preferred Stock in effect on September 30, 2012.