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.
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, 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.
Examples of Tangible Capital Base in a sentence
The Borrower shall maintain a minimum Tangible Capital Base of $5,700,000.00, measured quarterly, commencing as of September 30, 2021.
Annually, commencing with the financial statements delivered for the fiscal year ending December 31, 2022, the minimum Tangible Capital Base requirement shall increase by an amount equal to fifty percent (50%) of the sum of Borrower’s net income minus distributions.
More Definitions of Tangible Capital Base
Tangible Capital Base means 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 the sum of (i) Tangible Net Worth, plus (ii) the unpaid principal balance of the Subordinated Debt:
Tangible Capital Base means total shareholders' equity less intangible assets less Subordinated Debt, all as determined in accordance with generally accepted accounting principles from BORROWER'S financial statements delivered to the BANK in accordance with the covenants of the BORROWER in the Loan Agreement (the "Financial Statements"); and
Tangible Capital Base means, at any time, (a) Tangible Net Worth plus (b) the outstanding principal balance of the Wynnchurch Subordinated Notes and the New Wynnchurch Subordinated Notes (including interest accrued in respect of the Wynnchurch Subordinated Notes and the New Wynnchurch Subordinated Notes that has been capitalized and not paid in cash).”
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.