Unrestricted Net Assets definition

Unrestricted Net Assets also means "net assets without donor restrictions."

Unrestricted Net Assets means Total Net Assets less temporarily or permanently restricted assets under generally accepted accounting principles. If Tenant elects to maintain its Risk Management Program pursuant hereto, Tenant shall have all of the obligations and liabilities of an insurer and the remaining provisions of the Lease relating to insurance coverage, indemnity, insurance proceeds, waiver of subrogation and the like shall apply with respect to Tenant as they would with respect to an insurer (and, without limiting the generality of the foregoing, such self-insurance shall provide the same benefits and protections as provided in the current edition of the relevant insurance forms provided through the Insurance Services Office (“ISO”), with coverage equivalent to or broader than the coverages under such ISO forms), all as if Tenant had maintained the insurance required to be maintained by Tenant under the Lease without self-insurance. If Tenant fails or refuses to maintain any insurance required while in a Non-Compliance Period and does not procure the proper insurance, Landlord may, at its option, ten (10) days after written notice to Tenant, procure insurance for Landlord’s benefit and/or interests and any and all premiums paid by Landlord therefor shall be deemed Additional Rent and shall be due on demand. Landlord will not be responsible to procure insurance for Tenant’s interests and/or benefit.

Unrestricted Net Assets means the unrestricted net assets of the Corporation, as reflected on the most recently completed audited financial statements of the Corporation or other equivalent accounting classification representing the net worth of an entity.

Examples of Unrestricted Net Assets in a sentence

• As the funds are used in the agreed-upon activities, IICA recognizes simultaneously an income for funds released from restrictions and an expense of Trust Funds in the Statement of Activities of Unrestricted Net Assets.

• As of June 30, 2008, the amount of restricted net assets due to enabling legislation was approximately $281,562.• Unrestricted Net Assets consist of net assets that do not meet the definition of Invested in Capital Assets, Net of Related Debt or Restricted Net Assets.

• Financial Statement Presentation The financial statements report net assets and changes in net assets in three classes that are based upon the existence or absence of restrictions on uses that are placed by its donors, as follows: • Unrestricted Net Assets – Unrestricted net assets are resources available to support operations.

• Accordingly, net assets of WFB and changes therein are classified and reported as follows: Unrestricted Net Assets – Net assets that are not subject to donor imposed stipulations.

• Amounts reported in the Unrestricted Net Assets section of the balance sheet and identified as Board-Designated Operating Reserve.

More Definitions of Unrestricted Net Assets

Unrestricted Net Assets means the unrestricted net assets of the Credit Group determined in accordance with Generally Accepted Accounting Principles.

Unrestricted Net Assets means net assets that are neither Permanently Restricted Net Assets nor Temporarily Restricted Net Assets.

Unrestricted Net Assets means, for the Borrower, its Subsidiaries and the Approved Guarantors, net worth indicated on their consolidated balance sheet less temporarily and permanently restricted assets, all as indicated in the equity section on their consolidated balance sheet, in accordance with GAAP.

Unrestricted Net Assets means, as of any date of determination, (i)for each Member which is a tax-exempt entity, the aggregate unrestricted net assets of such Member, and (ii)for each Member which is not a tax-exempt entity, the excess of assets over liabilities of such Member, in each case as shown on the Member’s then most recent audited financial statements.

Unrestricted Net Assets means, with respect to the Obligated Group, the unrestricted net assets of the Members of the Obligated Group.

Unrestricted Net Assets means, as of any date of determination, with respect to any such Person, all Net Assets of such Person the use of which is not temporarily or permanently restricted in any manner or to any extent, in each case as determined in accordance with GAAP.

Unrestricted Net Assets means the excess of assets (other than assets that are restricted as to use by donor imposed specifications and may not be utilized and/or designated for internal purposes) over liabilities, as determined in accordance with GAAP.