Net Worth Deficiency definition

Net Worth Deficiency is defined in Section 3.1.
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Net Worth Deficiency has the meaning specified in Section 1.05(d).
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Net Worth Deficiency for any period shall mean the amount by which $500,000,000 exceeds the Net Worth in respect of such period.
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Examples of Net Worth Deficiency in a sentence

  • The core principle of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease.

  • Net Worth Deficiency with a Negative Net Worth Upon a determination that a negative net worth exists, TDA will immediately issue a written notice of suspension to the warehouse operator.

  • To the extent that the Estimated Closing Date Net Worth is less than $166,667 (plus any earnings since February 1, 1998 as specified in Section 3.2.6 hereof), such difference (the "Estimated Closing Date Net Worth Deficiency") shall be deducted from the Closing Date Payment.

  • CERTAIN RISKS REGARDING LIGGETT AND THE CIGARETTE INDUSTRY Net Worth Deficiency; Recent Losses and Fixed Charge Coverage Deficiency.

  • Suspensions issued under Section 14.083(c) may include: Net Worth Deficiency with a Positive Net Worth Upon a determination that a net worth is below what is required by law, but still greater than zero, TDA will immediately issue a written notice of suspension to the warehouse operator.


More Definitions of Net Worth Deficiency

Net Worth Deficiency has the meaning set forth in Section 1.5(a)(1).
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Net Worth Deficiency shall have the meaning set forth in Section 2.3(e) of this Agreement.
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Net Worth Deficiency means with respect to the Target and its Subsidiaries the amount, if any, by which the Closing Net Worth of the Target and its Subsidiaries is less than three million six hundred and seventy-one thousand dollars ($3,671,000).
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Net Worth Deficiency means the amount by which the shareholders' equity of SMI as reflected on the Closing Balance Sheet is less than $41,000,000.
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Net Worth Deficiency means that at any time, the Consolidated Net Worth of XL Capital Ltd, a company organised and existing under the laws of the Cayman Islands, and its subsidiaries on a consolidated basis, is less than US$3,000,000,000 (or its equivalent in other currencies).
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Net Worth Deficiency. As defined in Section 2.05(f).
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Net Worth Deficiency means the amount, if any, by which $5,250,000 exceeds the Consolidated Net Worth.
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