Net Worth Statement definition

Net Worth Statement has the meaning set forth in Section 1.3(a).

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Net Worth Statement means a certification executed by Borrower Principal and addressed to Lender certifying that Borrower Principal’s net worth equals or exceeds $100,000,000 (or, if any lesser amount, setting forth such lesser amount).

Net Worth Statement means a calculation of the pro forma net worth of the Seller Subsidiaries, taking into account the Subsidiary Liabilities but not the Subsidiary Indemnified Liabilities, in the form of the December 31 Net Worth Statement and prepared in accordance with the Methodologies.

Examples of Net Worth Statement in a sentence

• The financial plan includes a Net Worth Statement, retirement projections, education projections, asset allocation analysis and recommendations, diversification recommendations, a risk tolerance assessment, a risk management review, an estate planning review, as well as additional issues.

• Each of the individual Guarantors shall complete the Lender’s form of Personal Net Worth Statement.

• Subject to any reserve for doubtful accounts set forth in the Net Worth Statement, such accounts receivable will be fully collected to the extent of the face value thereof.

• Any and all Employee-Related Liabilities will be included in the Closing Date Positive Net Worth Statement.

• If, in Buyer's judgment, adjustments are necessary for the Seller's Closing Net Worth Statement to be so prepared, Buyer, within the 45-day period, shall notify Seller in writing of its proposed adjustments, including the amount, nature and basis for the adjustments ("Buyer's Letter").

More Definitions of Net Worth Statement

Net Worth Statement means a statement certified by the Borrower reflecting in reasonable detail (i) the assets and liabilities (actual and contingent) of the Borrower, the Guarantors and Persons effectively controlled by the Borrower as a date not more than 30 days prior to its delivery to the Lender as herein provided; (ii) as a separate amount, the aggregate amount of Debt of the Obligors as at such date; and (iii) such other information as the Lender may reasonably require;

Net Worth Statement shall have the meaning specified in Section 5.05.

Net Worth Statement has the meaning ascribed to it in Section 1.04(c).

Net Worth Statement is defined in Section 2.3.

Net Worth Statement means PCN's Regular Balance Sheet, assuming, however, for this purpose, that PCN had no assets other than tangible assets that would constitute Assets and had no liabilities other than liabilities that would constitute Assumed Liabilities (exclusive, however, for this purpose, of Assumed Liabilities which would constitute Severance Obligations, Rejection Liabilities and liabilities with respect to the Pre-Petition Loan, the DIP Loan and the Assigned Loans).

Net Worth Statement as of any date, shall mean a statement, prepared in accordance with the principles set forth in Schedule 1.1(l), setting forth the Aggregate Newco Net Worth as of such date.

Net Worth Statement has the meaning set forth in Section 2.4.1.