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.

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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 Borrower will not permit Total Net Assets at the last day of any fiscal quarter of the Borrower to be less than the sum of (x) $150,000,000 plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

• 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").

• The first negotiating session shall be for the purpose of exchanging proposals and determining any ground rules deemed necessary.

• The Borrower will not permit Total Net Assets at the last day of any fiscal quarter of the Borrower to be less than the sum of (x) $175,000,000 plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

• The Monthly Average Total Net Assets of each Fund will be calculated by taking the sum of the Fund’s daily NAVs for each day of the calendar month (for each non-business day, the preceding business day’s NAV will be used unless the Fund requests use of a different calculation methodology) and dividing that amount by the number of days in the month.

More Definitions of Total Net Assets

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, at any date, the total net assets of the Borrower and its Subsidiaries determined on a consolidated basis, without duplication, in accordance with GAAP. “Transactions” means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the borrowing of Loans, and the use of the proceeds thereof. “Transferred Asset” has the meaning assigned to such term in Section 6.03(f). “Transparent Subsidiary” means any Subsidiary of the Borrower designated in writing by the Borrower as a Transparent Subsidiary, so long as such Subsidiary is directly or indirectly owned by an Obligor and has no material assets other than Equity Interests (held directly or indirectly through other Transparent Subsidiaries) in one or more CFCs. “Two Largest Industry Classification Groups” means, as of any date of determination, each of the two Industry Classification Groups that a greater portion of the Borrowing Base has been assigned to each such Industry Classification Group pursuant to Section 5.12(a) than any other single Industry Classification Group. “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans constituting such Borrowing, is determined by reference to SOFR, CORRA, the Alternate Base Rate, EURIBO Screen Rate, AUD Bank Bill Reference Rate, Daily Simple RFR or such other interest rate agreed by each Lender and the Borrower at the time an Agreed Foreign Currency is consented to in accordance with the definition thereof. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the ...

Total Net Assets means the “Total Net Assets” of the Borrower as reported on its most recent Consolidated Statements of Assets and Liabilities, adjusted by the Borrower for transactions occurring after the date of such statement.

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, 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 other than an equitable distribution of property awarded to the surviving spouse pursuant to G.S. 50-20 subsequent to the death of the decedent, and administration expenses, the sum of the following:

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.