Positive net worth definition

Positive net worth means the amount by which a company's assets are greater than its liabilities.
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Positive net worth means, as of the Closing Date, the difference of the Company's (i) total assets minus (ii) total liabilities, determined pursuant to the Company's balance sheet as of October 31, 2000 set forth in Schedule 1.2 which is adjusted in accordance with United States generally accepted accounting principles, and Buyer's standard accounting practices.
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Positive net worth means assets greater than liabilities as determined in accordance with generally accepted accounting principles. If the Manager elects to require additional capital from the Members, the Manager shall notify each Member of (i) the amount its pro rata share of additional capital required, and (ii) the deadline for the contribution of same, which shall be no more than thirty (30) days from the date of receipt of said notice. Each Member shall contribute such additional capital in its pro rata share, as determined by Exhibit A. In the event that any Member shall fail to make such contribution within the time period set forth in the Manager's notice, (i) the Manager shall have the right to raise additional capital by admitting Additional Members or by collecting additional funds from existing Members, (ii) the Percentage Interest of any non-contributing Member shall be diluted proportionately, and (iii) such event shall be deemed an event of dissociation.
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Examples of Positive net worth in a sentence

  • Positive net worth for each of the last five (5)financial years defined above;b.

  • Positive net worth for each of the last five (5) financial years defined above;b.

  • Positive net worth in each of the immediately preceding two financial years.Liquidity ratio shall not be less than 1 in each of the preceding Two (02) financial years.

  • Appendix B outlines in detail the method used for classifying the various line items.Following primary quantitative filters were applied using the data of the companies available for FY 2015-16 and / or FY 2014-15:• Minimum turnover: Accepted companies that reported net sales (as defined in Appendix B) equal to or more than INR 1 crore;• Positive net worth: Accepted companies that reported net worth more than zero.

  • In case of an on-going project phased completion certificate (provided by client) should be submitted. Approach & Methodology (PPT) to be covered in the technical proposal Positive net worth statement from Chartered accountant Declaration stating that firm is not de-recognized/debarred/banned/blacklisted by any State Government / Central Govt.

  • Positive net worth, as on the last date of latest audited financial year.

  • Bidder should have Positive net worth for last 03 (Three) financial years (From FY 2020-21, 2021-22 & 2022-23).

  • The financial turnover of the company is provided as follows: 2016 – 172017 – 182018– 19Annual Turnover Copy of audited financial statements or declaration from the appointed statutory auditor/CA to be provided as proof of the financial turnover Positive net worth, as on the last date of latest audited financial year.

  • The financial turnover of the company is provided as follows: 2016-20172017-20182018-2019Annual Turnover Net Worth  Copy of audited financial statements or declaration from the appointed statutory auditor/CA to be provided as proof of the financial turnover. Positive net worth, as on the last date of latest audited financial year.

  • Positive net worth as per the latest audited balance sheet as of March 31, 2019 or later.

Related to Positive net worth

  • Positive beam limitation means the automatic or semi-automatic adjustment of an x-ray beam to the size of the selected image receptor, whereby exposures cannot be made without such adjustment.

  • Positive identification means a method of identifying a person that does not rely on the use of a private personal identifier such as a password, but must use a secure means of identification that includes any of the following:

  • Effective Tangible Net Worth means the Borrower's stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.e., goodwill, trademarks, patents, copyrights, organization expense, and similar intangible items including, but not limited to, investments in and all amounts due from affiliates, officers or employees).

  • Net Worth means, with respect to any Person, an amount equal to, on a consolidated basis, such Person’s stockholder equity (determined in accordance with GAAP).

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Net Positive Adjustments means, with respect to any Partner, the excess, if any, of the total positive adjustments over the total negative adjustments made to the Capital Account of such Partner pursuant to Book-Up Events and Book-Down Events.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.

  • Adjusted Net Worth of any Guarantor shall mean at any time, the greater of (x) $0 and (y) the amount by which the fair saleable value of such Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities, but without giving effect to any of its obligations under this Agreement or any other Loan Documents) on such date.

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus

  • Positive means that a rating may be raised

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Net Working Capital Target means $0.00.

  • Target Net Working Capital Amount means $5,000,000.

  • Aggregate Remaining Net Positive Adjustments means, as of the end of any taxable period, the sum of the Remaining Net Positive Adjustments of all the Partners.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Consolidated Adjusted Net Worth means, as of any date of determination thereof, the Consolidated Net Worth less the total amount of all Restricted Investments in excess of 20% of Consolidated Net Worth, each as of such date of determination.

  • Positive Basis means, with respect to any Partner and as of any time of calculation, the amount by which the total of the Partners’ Capital Accounts as of that time exceeds the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death). As used in this Section 5.8, the term “Positive Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Positive Basis as of the effective date of the Partner’s withdrawal. As used in this Section 5.8, the term “Negative Basis” means, with respect to any Partner and as of any time of calculation, the amount by which the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death, and without regard to such Partner’s share of the liabilities of the Partnership under section 752 of the Code) exceeds the Partner’s Capital Account as of such time. As used in this Section 5.8, the term “Negative Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Negative Basis as of the effective date of the Partner’s withdrawal.

  • Positive pressure respirator means a respirator in which the pressure inside the respiratory inlet covering exceeds the ambient air pressure outside the respirator.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Positive Test Result means a finding of the presence of drugs, alcohol, or their metabolites in the sample tested in levels at or above the threshold detection levels contained in the standards of one of the programs listed in Minn. Stat. § 181.953, Subd. 1.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Net Sell Position means the amount of Net Obligation when Net Obligation is negative.