Tangible Capital Base definition

Tangible Capital Base means, with respect to the Company on any date, Total Assets less Total Liabilities plus the TRUPs Indebtedness plus any other Subordinated Debt.

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Tangible Capital Base means, for any Person, the sum of Tangible Net Worth plus Subordinated Debt.

Tangible Capital Base means, with respect to the company and its Subsidiaries, on any date of determination, Total Assets (not including any intangible assets of the company and its Subsidiaries) as of such date less Total Liabilities (inclusive of Subordinated Debt) as of such date, in each case determined on a consolidated basis in accordance with GAAP.

Examples of Tangible Capital Base in a sentence

The Borrower shall maintain at all times a Tangible Capital Base of not less than $50,000,000.
The Company shall maintain at all times a Tangible Capital Base of not less than $40,000,000.
The Company and its subsidiaries shall not (x) as of March 31, 2003, have a consolidated Tangible Capital Base of less than ($1,050,000) or (y) as of the end of any fiscal quarter commencing with the fiscal quarter ending June 30, 2003, have a consolidated Tangible Capital Base of less than the sum of (A) ($1,050,000) plus (B) on a cumulative basis, 45% of positive consolidated net income (without reduction for losses) for each fiscal quarter ending after March 31, 2003.
Such increases to the minimum Tangible Capital Base requirement hereunder shall be cumulative and shall be carried forward and included in the minimum Tangible Capital Base requirement for each subsequent Fiscal Quarter and Fiscal Year, subject to further increase in accordance with the provisions of this paragraph (c).
The Company and its subsidiaries shall (x) as of March 31, 2002, have a consolidated Tangible Capital Base of at least than $9,500,000 or (y) as of the end of any fiscal quarter commencing with the fiscal quarter ending June 30, 2002, have a consolidated Tangible Capital Base at least the sum of (A) $9,500,000 PLUS (B) on a cumulative basis, 47.5% of positive consolidated net income (without reduction for losses) in each fiscal quarter ending after March 31, 2002.

More Definitions of Tangible Capital Base

Tangible Capital Base means, at any time an amount (determined on a consolidated basis without duplication in accordance with GAAP) equal to (a) the sum of (i) the book net worth of the Core Ameresco Companies on a consolidated basis, plus (ii) the outstanding principal amount of Subordinated Indebtedness, if any, minus (b) the total book value of all assets of the Core Ameresco Companies on a consolidated basis which would be treated as intangible assets under GAAP, including without limitation, such items as goodwill, customer lists, Patents, Copyrights and Trademarks, and rights (including rights under licenses) with respect to the foregoing, minus (c) all accounts receivable, notes receivable and other amounts due and owing to any Core Ameresco Company from any Affiliate of a Core Ameresco Company, minus (d) all Investments in Affiliates of any Core Ameresco Company, minus (e) any Renewable Energy Project Guaranty Liabilities.

Tangible Capital Base means the sum of Tangible Net Worth plus Subordinated Debt.

Tangible Capital Base means Borrower's tangible net worth plus its subordinated indebtedness; "tangible net worth" shall mean Borrower's stockholders' equity determined in accordance with generally accepted accounting principles, consistently applied, subtracting therefrom (i) intangibles (as ----------- --------- determined in accordance with such principles so applied) and (ii) accounts and indebtedness owing to Borrower from any employee or parent, subsidiary or other affiliate of Borrower; and "unfinanced capital expenditures" shall mean capital expenditures, minus long term indebtedness issued during the applicable period for the acquisition of capital assets.

Tangible Capital Base means, with respect to the Company and its Subsidiaries, on any date of determination, Total Assets (not including any intangible assets of the Company and its Subsidiaries) as of such date less Total Liabilities (inclusive of Subordinated Debt) as of such date, in each case determined on a consolidated basis in accordance with GAAP.

Tangible Capital Base means Tangible Net Worth plus Subordinated Debt,

Tangible Capital Base means the Borrower's shareholders' equity (excluding treasury stock), minus the sum of all of the following: (i) the excess of cost over the value of net assets of purchased businesses, rights, and other similar intangibles, (ii) organizational expenses, (iii) intangible assets (to the extent not reflected in the foregoing), (iv) goodwill, (v) deferred charges or deferred financing costs, (vi) loans or advances to and/or accounts or notes receivable from Affiliates, (vii) leasehold improvements, (viii) non-compete agreements, and (ix) any other asset not directly related to the operation of the business of the Borrower.

Tangible Capital Base means, with respect to the Parent on any date, Total Assets less Total Liabilities plus the TRUPs Indebtedness plus any other Subordinated Debt.