Total Net Assets definition

Total Net Assets means, as of any date, (a) the “value of the total assets” (within the meaning of the first sentence of Section 18(h) of the ICA) of the Borrower less (b) the Ordinary Liabilities of the Borrower.

Total Net Assets means, at any date, the total net assets of the Borrower and its Subsidiaries determined on a consolidated basis, without duplication, in accordance with GAAP.

Total Net Assets means the summation of the market value of each investment less Trust Fee, taxes, and other qualified expenses.

Examples of Total Net Assets in a sentence

• The clerk's order shall recite specific findings of fact and conclusions of law in arriving at the decedent's Total Net Assets, Property Passing to Surviving Spouse, and the elective share.

• Total Net Assets, as depicted on the AIA balance sheet, shall be at or above forty (40) percent of total annual budgeted revenue.

• Investment Policy The Sub-Fund will at any time invest at least 51% of its Total Net Assets in bonds (including but not limited to investment grade corporate bonds, high yield corporate bonds, sovereign debt securities and agency debt securities) of various maturities, denominated in any currency and from all geographical areas.

• Total Net Assets per sub-fundAdministration and Accounting FeesFirst $100 Million Such fee shall accrue at each Valuation Point and shall be payable to the Administrator monthly in arrears and shall be payable from the assets of the Sub-Fund within fifteen days of the relevant month's end.

• In consideration of the issuance by the Insurer of each Policy with respect to a PPF, the Fund, on behalf of such PPF, shall pay to the Insurer a fee in an amount equal to 0.33% per annum of the average daily Total Net Assets of such PPF during each calendar month in the Guarantee Period with respect to such PPF (the "Policy Fee") payable monthly in arrears on the first Business Day of the following calendar month (each a "Fee Payment Date").

More Definitions of Total Net Assets

Total Net Assets means, with re- spect to the person declaring a non- cash distribution—

Total Net Assets means, with respect to any PPF, on any Valuation Date, an amount equal to the excess of (a) the sum of:

Total Net Assets means, after the payment or provision for payment of the

Total Net Assets means the amount calculated by deducting the total liabilities (i.e. the Trust's total Obligations Covered by Trust Assets) from the Total Assets.

Total Net Assets means, after the payment or provision for payment of the decedent's funeral expenses, year's allowances to persons other than to the surviving spouse, debts, claims, and administration expenses, the sum of the following:

Total Net Assets means, withrespect to the person declaring a non- cash distribution—

Total Net Assets. , at any time, means the Net Indicative NAV of all Class XXIV Ordinary Shares issued and subscribed for at such time.