Unrestricted Net Assets definition

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

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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 Credit Group determined in accordance with Generally Accepted Accounting Principles.

Examples of Unrestricted Net Assets in a sentence

Net Assets Unrestricted Net Assets (Decrease) Net Net Income Total Equity TOTAL EQUITY D A N I E L F .
First, the aggregate principal amount of such Debt and the maximum exposure under Derivative Obligations (based on certain assumptions) may not be more than 15% of the Unrestricted Net Assets of the Center and the Affiliates at the time such Debt is incurred or such Derivative Agreements are executed and delivered.
The PHA may compensate the independent entity from PHA ongoing administrative fee income (including amounts credited to the administrative fee reserve (i.e. Unrestricted Net Assets)).
The Corporation may incur Purchase Money Indebtedness if, immediately after entering into such Purchase Money Indebtedness, the aggregate principal amount due on all Purchase Money Indebtedness then Outstanding will not be greater than 15% of the Unrestricted Net Assets of the Corporation as shown on the audited financial statements of the Corporation for the most recent fiscal year for which audited financial statements are available.
At a minimum, the Fire Departments shall have on hand, as of the end of the fiscal year, both available and Unrestricted Net Assets and Liquidity totaling at least 30 days of operating funds identified in their annual audited financial statements.

More Definitions of Unrestricted Net Assets

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

Unrestricted Net Assets means the unrestricted net assets, capital and surplus or other equivalent accounting classifications representing the net worth of a Person.

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.

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, with respect to the Obligated Group, the unrestricted net assets of the Members of the Obligated Group.

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

Unrestricted Net Assets means the excess of total assets over total liabilities that are neither permanently restricted nor temporarily restricted by donor-imposed stipulations