Tangible Net Asset Value definition

Tangible Net Asset Value means the aggregate of the NatWest Tangible Net Asset Value and the RBS Tangible Net Asset Value (which amount may be a positive or a negative number);

Tangible Net Asset Value means total assets minus (i) intangible assets, (ii) deferred tax assets, (iii) the aggregate liquidation value of the issued and outstanding Preferred Stock and (iv) total liabilities, in each case, calculated by the Company on a consolidated basis in accordance with generally accepted accounting principles (“GAAP”). For the avoidance of doubt and notwithstanding any provision of GAAP to the contrary, Tangible Net Asset Value shall be calculated net of goodwill and deposit premiums.

Tangible Net Asset Value means, (i) with to respect to Bermuda Holdco, the meaning ascribed to such term in Exhibit C and (ii) with respect to any other Person as of any relevant date, the value of the total assets of such Person, calculated in accordance with (a) generally accepted accounting standards, practices and principles in the United Kingdom (in the case of the Corporate Member and the Managing Agency, if the Managing Agency is a UK company) or (b) IFRS (if the Managing Agency is formed in a jurisdiction other than the United States or the United Kingdom), as applicable, and, in the case of clause (ii), excluding assets constituting goodwill, intellectual property or other intangible assets, less the total liabilities of such Person, calculated in accordance with such applicable accounting standards.

Examples of Tangible Net Asset Value in a sentence

• The price of Common Stock offered under this Offering to the public is the same as the effective cash cost to officers, directors, promoters and affiliated persons for common equity acquired by them in transactions during the past five years.No Change in Tangible Net Asset Value Results from this OfferingAs securities are sold as a result of this Offering, the Net Asset Value (NAV) will increase proportionally.

• In accordance with Regulation 77A of the SEBI ICDR Regulations read with the SEBI Rights Issue Circulars, the credit of Rights Entitlements and Allotment of Rights Equity Shares shall be made in dematerialised form only.

• The relevant Business Seller shall pay to the Purchaser an amount in cash equal to the amount (if any) by which the Tangible Net Asset Value would have decreased had the value of the relevant property, right or asset been included in the relevant Closing Statement after taking account of any related liability which is an Assumed Liability and to the extent the same was taken into account in the calculation of the Tangible Net Asset Value.

• If the Tangible Net Asset Value was a deduction from the Purchase Price, the Purchaser shall pay to the relevant Business Seller an amount in cash equal to any amount by which such deduction would have been reduced had the full value of the relevant property, rights or assets been included in the relevant Closing Statement after taking account of any related liability which is an Assumed Liability to the extent that the same was taken into account in the calculation of Tangible Net Asset Value.

• If the Tangible Net Asset Value was a deduction from the Purchase Price, the relevant Business Seller shall pay to the Purchaser an amount in cash equal to any amount by which such deduction would have been increased had the value of the relevant property, rights or assets been included in the relevant Closing Statement after taking account of any related liability which is an Assumed Liability to the extent that the same was taken into account in the calculation of Tangible Net Asset Value.

More Definitions of Tangible Net Asset Value

Tangible Net Asset Value or “TNAV” means the total current assets of Integral Analytics minus the total current liabilities of Integral Analytics (excluding Company Debt and all current and deferred Income Tax accounts), as determined in accordance with Section 2.4. Schedule 2.4(a) attached hereto contains a sample calculation provided for purposes of illustrating the agreed-on calculation methodology for TNAV, and is not intended to be an actual calculation of the Final TNAV for this Transaction.

Tangible Net Asset Value means the difference determined by subtracting (i) all liabilities of the Company, excluding Indebtedness but including liabilities to pay amounts under the Company's MRICD Program Account, from (ii) all tangible assets of the Company, excluding Cash other than Cash in the Company's MRICD Program Account, determined in accordance with GAAP (except to the extent modified by this definition) and, solely to the extent consistent with GAAP, in a manner consistent with the Company’s past accounting practices.

Tangible Net Asset Value means total assets minus (i) intangible assets, (ii) deferred tax assets, (iii) the aggregate liquidation value of the issued and outstanding Preferred Stock and

Tangible Net Asset Value means total assets minus (i) intangible assets, (ii) deferred tax assets, (iii) total liabilities, and (iv) total liquidation value of Preferred Stock, in each case, calculated by the Company on a consolidated basis in accordance with generally accepted accounting principles (“GAAP”). For the avoidance of doubt and notwithstanding any provision of GAAP to the contrary, Tangible Net Asset Value shall be calculated net of goodwill and deposit premiums.DividendsSo long as any share of the HoldCaps Common remains outstanding, unless as to a dividend payment date holders of the HoldCaps Common receive cash dividends equal to ninety-five percent (95%) of all of the cash dividends declared and paid on the Company’s Common Stock for such dividend period have been declared and paid or declared and a sum sufficient for the payment of those dividends declared on the HoldCaps Common has been set aside for the dividend period then ending, the Company will not, during such dividend period, declare or pay any dividend on, make any distributions relating to any Common Stock, junior securities or parity securities of the Corporation. At no time while any share of the HoldCaps Common remains outstanding will the Company redeem, purchase, acquire or make a liquidation payment relating to, any Common Stock (except with respect to a liquidation payment), junior securities or parity securities of the Corporation or redeem, purchase or acquire any Preferred Stock, or make any guarantee payment with respect thereto, other than:

Tangible Net Asset Value means, with respect to Bermuda Holdco, the value of the total assets of Bermuda Holdco excluding assets constituting goodwill, intellectual property or other intangible assets less the value of the total liabilities of Bermuda Holdco, in each case calculated in accordance with GAAP.

Tangible Net Asset Value shall have the meaning as set forth in Section 3.6(a) of this Agreement.

Tangible Net Asset Value means the aggregate of all tangible assets of the Company, determined in accordance with generally accepted accounting principles ("GAAP") including cash and cash equivalents, net accounts and notes receivable (less (without duplication) allowances for doubtful accounts), any amounts receivable in respect of an anticipated tax credit or refund, net value of inventory (adjusted for all applicable write-downs and write-offs) (but excluding Aggregate Stockholder Note Proceeds), prepaid expenses and other current assets, property and equipment, (net of allowances for accumulated depreciation and amortization) and other assets, less all liabilities of any kind, including, but not limited to, accounts payable, royalties payable, warranty and other reserves, accrued bonuses, accrued vacation, employee expense obligations and all other liabilities to the extent that such liabilities shall be required to be reflected in accordance with GAAP. Notwithstanding the foregoing, "Tangible Net Asset Value" shall be calculated without taking into account deferred revenue but shall include deferred tax assets and liabilities.