Tangible Capital Funds means Tangible Net Worth plus Subordinated Debt.
Tangible Capital Funds of any person shall mean, as of any date, the sum of Tangible Net Worth of such person plus Subordinated Debt of such person.
Examples of Tangible Capital Funds in a sentence
Maintain, as of the last day of each fiscal quarter, a ratio of (a) Consolidated Total Liabilities of the Borrower and its Consolidated Subsidiaries plus the Contingent Liabilities of Selas SAS which are guaranteed by the Borrower, to (b) Consolidated Tangible Capital Funds of the Borrower and its Consolidated Subsidiaries, of not more than 2.50 to 1.0.
More Definitions of Tangible Capital Funds
Tangible Capital Funds means as to the Borrower and each of the Subsidiary Guarantors, on a consolidated basis, for any date of determination thereof, the total of (i) all Stockholder's Equity, less (ii) all Assets which would be classified as intangible assets under GAAP consistently applied, plus (iii) Subordinated Indebtedness.
Tangible Capital Funds at any date means Tangible Net Worth plus Subordinated Debt.
Tangible Capital Funds. (as herein after defined) to be less than $3,500,000.00. Tangible Capital Funds shall mean stockholders equity less intangible assets including but not limited to non-compete agreements, organizational costs, trademarks, patents, and goodwill, plus "Subordinated Debt" (as hereinafter defined). Subordinated Debt shall mean indebtedness which has been subordinated to the Borrower's Liabilities and all other indebtedness of the Borrower to the Bank in accordance with a subordination agreement satisfactory to the Bank. The definition of stockholder's equity and intangible assets shall be in accordance with generally accepted accounting principles.
Tangible Capital Funds means, as of the date of determination: (i) the sum of Net Worth plus Subordinated Debt of the applicable entity and any loss from Discontinued Operations, (ii) less its Intangible Assets and any profits from Discontinued Operations. 'Waiver Agreement' shall mean that certain Waiver and Amendment Agreement dated as of November 20, 2001, by and among, the Bank, the Borrower, the U.S. Guarantors, and the European Subsidiaries, as the same may be amended from time to time. 'Waiver Documents' shall mean the Waiver Agreement, the Second Waiver Agreement, and all of the documents, agreements and instruments executed and/or delivered to the Bank pursuant to or in connection with the Waiver Agreement and/or the Second Waiver Agreement (including the documents described in Articles IV and V thereof).
Tangible Capital Funds means Tangible Assets less Senior Liabilities.
Tangible Capital Funds means, as of the date of determination: (i) the sum of Net Worth plus Subordinated Debt of the applicable entity and any loss from Discontinued Operations, (ii) less its Intangible Assets and any profits from Discontinued Operations.
Tangible Capital Funds means at any date of determination, the stockholders' equity (excluding Series B Preferred Stock) of the Borrower determined in accordance with GAAP plus the outstanding principal amount of any Subordinated Indebtedness minus the sum of any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, patents, trade and service marks, tradenames and copyrights, (c) all reserves not already deducted from assets, (d) any write-up in the book value of assets resulting from any revaluation thereof subsequent to the date of closing and (e) any and all items included as assets on the balance sheet of the Borrower if and to the extent such items consist of the equity in Subsidiaries or other joint ventures holdings or similar investments.