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 net equity reduced by the value
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.
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).
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.
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.
The Company must comply with a minimum working capital requirement, Tangible Net Equity (“TNE”) requirement, cash-to-claims ratio and claims payment requirements prescribed by the DMHC.
Page 1 of 3 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.
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 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 has the meaning set forth in Title 28, Article 9, Section 1300.76(c) of the California Code of Regulations, which as of the date of this Agreement means net equity reduced by the value assigned to intangible assets including, but not limited to, goodwill; going concern value; organizational expense; starting-up costs; obligations of officers, directors, owners, or affiliates which are not fully secured, 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 more than sixty (60) days past due; long term prepayments of deferred charges, and nonreturnable deposits. An obligation is fully secured for the purposes of the foregoing definition if it is secured by tangible collateral, other than by securities of the plan or an affiliate, with an equity of at least one-hundred and ten percent (110%) of the amount owing. Except as otherwise provided therein, the Xxxx- Xxxxx Act currently requires each Plan licensed pursuant to the Xxxx-Xxxxx Act to have and maintain, at all times, a tangible net equity of the greater of:
Tangible Net Equity means net equity reduced by the value assigned to intangible
Tangible Net Equity has the meaning set forth in Title 28, Article 9, Section 1300.76(c) of the California Code of Regulations, as amended from time to time (which shall be calculated by excluding any current or deferred income tax assets or liabilities). Tangible Net Equity shall be calculated using the same form and format as set forth in the Reference Tangible Net Equity Schedule.
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 has the meaning set forth in Title 28, Article 9, Section 1300.76(c) of the California Code of Regulations. An example calculation of Tangible Net Equity for CFC IPA is set forth in Exhibit B-1 and for CFCHP is set forth in Exhibit B-2.