Tangible Equity definition

Tangible Equity means tangible equity on the balance sheet of the IDB Subsidiaries as calculated in a manner consistent with the reference calculation statement, dated as of December 31, 2014, as set forth in Section 1.1(c) of the GFI Disclosure Letter.

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Tangible Equity means consolidated shareholders’ equity less goodwill and other intangible assets, in each case determined in accordance with IFRS.

Tangible Equity means, at any date as determined on a Consolidated basis for the Borrower and its Subsidiaries and in accordance with GAAP, the aggregate amount of equity capital of Borrower and its Subsidiaries as at the date of determination, less the aggregate amount of intangible assets as at the date of determination, as reported in the financial statements of the Borrower included with each annual report and quarterly report of the Borrower as filed with the SEC.

Examples of Tangible Equity in a sentence

• The Purchase Contracts are initially being issued as part of the 6.00% Tangible Equity Units (the “Units”) issued by the Company pursuant to the Purchase Contract Agreement.

• The Company shall not permit the Company's Debt to Tangible Equity Ratio to exceed 2.1 to 1, calculated as of the end of each quarterly period in each fiscal year.

• The Purchase Contracts are initially being issued as part of the [•]% Tangible Equity Units (the “Units”) issued by the Company pursuant to the Purchase Contract Agreement.

• For purposes of this Agreement, Tangible Equity shall mean equity minus intangibles.

• Up to 2,300,000 Tangible Equity Units (or TEUs), each such TEU having a stated amount of $100 and consisting of (1) a senior amortizing note, issued by GWI pursuant to the 2012 Convertible Equity Indenture and (2) a pre-paid stock purchase contract (each, a “Purchase Contract”) issued pursuant to the 2012 Convertible Equity Purchase Contract Agreement.

More Definitions of Tangible Equity

Tangible Equity shall have the meaning set forth in 12 C.F.R. ss.325.2(s).

Tangible Equity means at any particular time the aggregate of the amounts paid up or credited as paid up in respect of the share capital and the aggregate amount of capital and reserves of the members of the GMM Group including, but not limited to any credit balance standing to the consolidated profit and loss account of the GMM Group; but deducting (a) any debit balance standing to the consolidated profit and loss account of the GMM Group; and (b) any intangible asset, including (for the avoidance of doubt) goodwill but shall exclude the cumulative amount of any translation or transaction adjustments as required to be deducted from or added to equity but excluded from the determination of consolidated profit and loss in accordance with accounting principles generally accepted in the United States;

Tangible Equity means, with respect to any Person, as of any date of determination, the equity value of such Person calculated in accordance with GAAP after subtracting therefrom the aggregate amount of such Person’s deferred tax assets and intangible assets, including goodwill, franchises, licenses, patents, trademarks, tradenames, copyrights and service marks; provided, however, that intangible assets acquired by such Person in connection with a merger or acquisition of assets by such Person shall not be subtracted from such Person’s equity value.

Tangible Equity means the amount of tier 1 capital, plus the amount of outstanding perpetual preferred stock (including related surplus) not included in tier 1 capital.

Tangible Equity means, means, for any Person and at any time the same is to be determined, the Equity of such Person minus the sum of the aggregate book value of all assets which would be classified as intangible assets under GAAP, including, without limitation, goodwill, patents, trademarks, trade names, copyrights, franchises and deferred charges (including, without limitation, unamortized debt discount and expense, organization costs and deferred research and development expense) and similar assets.

Tangible Equity means the total equity capital as reported on Schedule RC of the Call Report, less any intangible assets as reported on Schedule RC of the Call Report.

Tangible Equity means book equity of the Company minus goodwill and other intangible assets.