Tangible Net Equity means net equity reduced by the value assigned to intangible assets including goodwill; going-concern value; organizational expense; startup costs; long-term prepayments of deferred charges; nonreturnable deposits; and obligations of officers, directors, owners, or affiliates, except short-term obligations of affiliates for goods or services arising in the normal course of business which are payable on the same terms as equivalent transactions with nonaffiliates and which are not past-due.
Tangible Net Equity means, at any determination date, the total: (a) (i) (A) of the value materialized or considered as having been paid in the Issuer’s Capital Stock; and (B) of the value of the Issuer’s reserves (excluding asset revaluation reserves and including any share premium account, capital redemption reserve funds and any credit balance in the retained earnings account); and (ii) after deduction of the amounts of items (i) (A) and (i) (B) above: (x) any debt balance in the profit and loss account or impairment of the Issuer’s issued Capital Stock (except to the extent that the deduction in relation to such debtor balance or impairment has already been made); and (y) amounts attributable to capitalized items, such as goodwill, trademarks, deferred taxes, deferred tax assets, licenses, patents and other intangible assets; and (b) if applicable, apart from net income from operations and net assets of any Issuer’s Subsidiary attributable to interests that are not held, directly or indirectly, by the Issuer.
Tangible Net Equity means net equity reduced by the value
Examples of Tangible Net Equity in a sentence
California uses the Tangible Net Equity (TNE) standard for plan solvency.The State shall continue to ensure that all capitation rates developed for the Medicaid managed care program are actuarially sound and adequate to meet population needs pursuant to 42 CFR 438.6 (c).
BOARD-DESIGNATED & KNOX KEENE RESERVES:In April 2004, PHC’s Board established a policy to set aside in a reserve account a designated amount that represents the Knox-Keene Tangible Net Equity (TNE) requirement.
CFO Raleigh highlighted that the Tangible Net Equity (TNE) levels are at approximately 182% of the State required minimum which includes the Lines of Credit (LOC) from the County of Ventura of $7.2 million.
CFO Raleigh reviewed the Plan’s Tangible Net Equity (TNE) and announced that GCHP is forecasting to improve from negative $6 million TNE at 06/30/12 to a positive $7 million as of 06/30/13.
KA 4931-01, U36 FR E EDGE LITTLE BLU 07/12/18 (10/20/19) 58.29 15 K015 101 KA-3086-01 BRIDGES INC GRBRS 0.07 MI 3,528,834.05 12/12/18 03/20/19 31.16 JUNCTION CITY-CONST WS ACSTP 518122282 E GRADING, BRIDGE & SURFACING.
More Definitions of Tangible Net Equity
Tangible Net Equity means the tangible net equity of the Company on a consolidated basis, as defined in subdivision (e) of Section 1300.76 of Title 28 of the California Code of Regulations; provided that Tangible Net Equity shall be calculated using the Estimated IBNR Amount for the amount of the expenses of the Company and its Subsidiaries for IBNR.
Tangible Net Equity means all tangible assets less all liabilities of a Person as of a specific date, determined in accordance with GAAP.
Tangible Net Equity means the excess of the consolidated tangible Purchased Assets (including accounts receivable, net of allowance for doubtful accounts) of the Seller over the consolidated Assumed Liabilities (including debt for purposes hereof regardless of whether such debt is paid-off or assumed at the Closing) of the Seller as of the Closing Date, as adjusted and calculated in accordance with the procedures established for determining the Closing Balance Sheet in Section 2.07. For purposes hereof, “Net Working Capital” shall mean the sum of (A) all current Purchased Assets of the Seller as reflected on the Closing Balance Sheet, minus the sum of (B) all current Assumed Liabilities (excluding the current portion of long-term debt for purposes hereof) of the Seller as reflected on the Closing Balance Sheet.
Tangible Net Equity means the tangible net equity of the Company determined as of the Closing Date in accordance with the Principles and Procedures and as set forth on the Final Closing Statements.
Tangible Net Equity means the actual tangible net equity of the Company --------------------- calculated in accordance with Title 28, section 1300.76 of the California Code of Regulations.
Tangible Net Equity means (A) the sum of all Assets of the Company reflected on the Closing Balance Sheet except (i) advances to stockholders (which the Company intends to forgive and ------ reflect as compensation prior to the Closing), and (ii) vehicles, minus (B) all liabilities of the Company reflected on the Closing Balance Sheet. For purposes of this Agreement, "Acid Test Ratio" shall mean the sum of (A) cash and cash equivalents (including restricted cash used to secure letters of credit), student receivables, net of allowance for doubtful accounts, and the current portion of institutional loans, net of allowance for doubtful accounts, divided by the sum of (B) all accounts payable, refunds payable, accrued payroll and payroll taxes, the current portion of deferred rent, the current portion notes payable, the current portion of capital lease, all deferred income taxes except such deferred taxes related to "deferred initial direct costs", and unearned tuition income.
Tangible Net Equity. The amount determined by (i) reducing the total book value of the tangible assets of the Company, by (ii) the total liabilities of the Company (including medical Claims, IBNR reserves and provider risk pools), as all such items are reflected on the Final Balance Sheet. THIRD PARTY: A Person other than the Company, Buyer or Seller. TNE DEFICIT AMOUNT: The amount by which Two Million Six Hundred Thousand Dollars ($2,600,000.00) exceeds the Tangible Net Equity. TNE EXCESS AMOUNT: The amount by which the Tangible Net Equity exceeds Two Million Six Hundred Thousand Dollars ($2,600,000.00). WARN ACT: The Worker Adjustment and Retraining Act and the rules and regulations promulgated thereunder, as from time to time may be amended.