Positive Net Asset Position definition

Positive Net Asset Position means that total assets of the Program exceed total liabilities of the Program.
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Positive Net Asset Position means total assets less goodwill and other intangible assets less total liabilities
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Positive Net Asset Position means that total assets exceed total liabilities.
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Examples of Positive Net Asset Position in a sentence

  • K12 Fee Credits will not be due until the School is in a Positive Net Asset Position, if ever.

  • The sum of such payments in a given year shall not exceed fifty percent (50%) of the Positive Net Asset Position in a given Fiscal Year.

  • Of the second $100,000 or less of the Positive Net Asset Position, if any, the amount due K12 will be 50% of such $100,000 or $50,000.

  • In no single Fiscal Year will the amount of any remittance exceed 50% of the then current Fiscal Year Positive Net Asset Position, as determined by an independent audit before the payment of K12 Fee Credits.

  • If the Positive Net Asset Position exceeds $200,000 the amount due K12 will be 75% of the amount over $200,000 plus the $75,000 noted in the point immediately above.

  • The payments described above and the 50% limit on the Positive Net Asset Position of the School, is to ensure that the school is will not be put into a Negative Net Asset Position.

  • Of the first $100,000 or less of the Positive Net Asset Position, the amount due K12 will be 25% of such amount, not to exceed $25,000.